👌👌What is Going on with Shiba Coin and CEEK Coin in the Market? 👌👌

Bitcoin$BTC

(BTC) passed the $ 61,600 level, and altcoins began to be positively affected by this recovery of BTC. During this process, cryptocurrencies such as AVAX and SHIB showed a faster rise than others. While BTC is expected to regain the $ 61,700 support, the situation of Shiba Coin (SHIB) and CEEK Coin is being carefully examined.

Current data from the Shibarium network shows that the network has regressed to a level of activity it has not seen recently. Launched with great hopes last year, Shibarium hoped that token inflation would lead to a result in favor of investors, while the lack of remarkable applications in the layer2 solution has reduced the interest of investors. According to data from October, the number of active users dropped to 167 per day.

It is thought that CEEK Coin could suffer deeper losses in a possible downside scenario. Although the coin's price is approaching its all-time low at $0.02516, a long upper wick has formed at $0.02631. This situation attracts the attention of investors who want to make a profit in the short term. The long upper wicks on the chart show that price movements are turning into profit targets.

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