- Zcash (ZEC) price is down but could bounce hard as new CEO looks to realign the privacy-oriented blockchain.
- Shiba Inu remains the second largest meme coin, and coule benefit from Shibarium growth.
- The Memeinator (MMTR) is in presale and continues to see huge interest from investors.
As the year comes to an end, savvy crypto investors are taking stock of the market with a view to positioning for what could be a bullish 2024. This price prediction article looks at Zcash (ZEC), Shiba Inu (SHIB) and Memeinator (MMTR).
What’s the outlook for Zcash and Shiba Inu amid new developments within their ecosystems? Could Memeinator, a meme-based AI token that’s attracting crypto market attention be a better bet as the bull market gathers pace?
Zcash (ZEC): Fresh start amid leadership changes at Electric Coin Company?
Zcash is a privacy-focused blockchain network launched in 2015. Recently, it announced that its founder Zooko Wilcox, had stepped down as CEO of the developer company behind it – the Electric Coin Co. (ECC).
Coming in as new CEO is Josh Swihart, who steps up from his role as senior VP of Growth. Swihart also held the role of a marketing director at ECC. The Zcash price, which has lagged major altcoins in 2023, has remained largely muted in the two days since the news.
However, analysts are suggesting Swihart’s leadership could be crucial to the blockchain platform’s future traction. One of the catalysts would be the new CEO putting his entrepreneurial skills and market acumen to “find product-market fit” for Zcash. Unlocking usability and improving adoption could see ZEC ride the positive vibe that follows to reclaim the upside momentum.
Shiba Inu (SHIB): Shibarium growth and SHIB adoption
Shibarium is an Ethereum layer-2 blockchain the Shiba Inu developer team launched in August this year. The platform faced a few challenges as it rolled out, but has since steadily grown to a potentially defining catalyst for SHIB.
Apart from DeFi, Shibarium looks poised to enhance Shiba Inu’s adoption across decentralised exchange (DEX), gaming, metaverse and NFTs. The latter includes Shibacals, a project designed to bring real-world assets to the NFT marketplace.
Shiba Inu’s market cap of over $6 billion puts it only behind Dogecoin, the top-ranked meme coin. Shiba Inu (SHIB) has shown remarkable resilience since its meteoric rise during the previous bull market.
Memeinator presale attracts investors
Memeinator (MMTR) is a meme-based crypto project aiming at capturing market value from valueless meme tokens as it tries to challenge Shiba Inu and Dogecoin for dominance.
The Terminator-inspired meme project seeks to leverage artificial intelligence and blockchain to offer real utility to holders of its native token MMTR. Other than a gaming platform, Memeinator’s whitepaper also highlights NFTs and staking as key to the ecosystem’s economy.
Memeinator’s presale is attracting huge attention, with over $2.2 million raised so far. Currently, its price is $0.0157, but will rise throughout the sale event.
A 10% Xmas bonus on $5k or more worth of MMTR makes buying today even more appealing, with 85% potential returns by the time MMTR lists on exchanges for trading.
Zcash and Shiba Inu price prediction
According to data from CoinGecko, the price of ZEC was down 1.2% on Wednesday morning. This 24-hour performance is reflective of the overall sentiment seen year-to-date, with ZEC/USD down 32% YTD as of writing.
During the 2017 bull market, Zcash reached highs of $880. But despite rising to near $320 in 2021, it’s been in a downtrend since.
At around $29 per ZEC token today, this cryptocurrency is well off its all-time above $3k reached in October 2016.
Launched in 2020, Shiba Inu exploded as the meme coin craze engulfed crypto during the last bull market. While its price has declined more than 80% since the 2021 peak, market experts say the growth being witnessed around Shibarium could prove key to SHIB’s performance.
Is Zcash and Shiba Inu’s potential upside during the bull market attractive? Or could the Memeinator prove to be the next breakout token after its presale?
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