Doge Killer's Future in Question: LEASH Predicted to Slide by 18%

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Despite solid fundamentals, the future of the LEASH token, the purported Dogecoin (DOGE) killer, is uncertain. For one, there is an apparent divergence between the Relative Strength Index (RSI) and its price trajectory. Will it reverse or continue rising amid Shibarium’s positive developments? Let us find out.

LEASH: Shiba Inu’s Rising Cryptocurrency Star Gains Traction and Utility

LEASH has rapidly emerged as a noteworthy player in the cryptocurrency realm arising from the renowned Shiba Inu dog meme. Operating on the Ethereum blockchain, LEASH is a crucial component within the SHIB ecosystem, including SHIB and BONE tokens.

With a limited supply of 107,646, LEASH caters to devoted ecosystem supporters. It grants them exclusive advantages, such as amplified BONE rewards via ShibaSwap. There are also unique rights to mint Shiboshi NFTs and priority access to transactions within the ambitious “SHIB: The Metaverse” project.

Marking a significant milestone, Crypto.com, a leading cryptocurrency exchange, recently incorporated LEASH onto its trading platform. This broadened its reach to over 50 million users.

Doge Killer $LEASH is now listed in the https://t.co/A7lhUEyoao Exchange

💰 Deposit and trade the $LEASH $USD pair

👉 https://t.co/GBTPzwV3F0 pic.twitter.com/uCrtGIeOOD

— Crypto.com Institutional (@Cryptocom_Insto) August 15, 2023

The integration comes shortly after LEASH secured a listing on StealthEx, a cryptocurrency exchange based in the Cayman Islands.

#SHIBARMY can get $LEASH on StealthEX Mobile App to follow #Shibarium flow!#LEASH is a special token for loyal supporters of @Shibtoken ecosystem 🐶

Google Play 👉https://t.co/wP8UW7Nl2n

Swap on web 👉https://t.co/fyCh68J3ho

No limits & registration, 1200+ #crypto assets 🌟 pic.twitter.com/5Odt7byJkT

— StealthEX (@StealthEX_io) August 4, 2023

Furthermore, the anticipation grows as the crypto community eagerly awaits an upcoming utility announcement for LEASH. This has been slated for disclosure on August 16.

New utility is on the works for $LEASH #SHIBARMY 🥳💯 pic.twitter.com/TKwlNqTNdP

— SHIB GUY (@Shib_Guy) August 14, 2023

This revelation is poised to elevate LEASH’s role within the Shiba Inu Ecosystem. It would solidify its position as a notable contender in the ever-evolving world of cryptocurrencies.

LEASH Price Surge Amid Shiba Inu’s Anticipated Announcement

Shiba Inu’s LEASH, a cryptocurrency within the SHIB ecosystem, has witnessed a recent price surge. This is amidst fervent speculation about an imminent Shiba Inu announcement.

#Shibarium's launch is approaching! 🚀

Share your thoughts on how the price of $SHIB might respond 👇#Crypto #SHIB #Blockchain pic.twitter.com/ZOk3nXbO7Q

— BitMart (@BitMartExchange) August 16, 2023

As the Blockchain Futurist Conference in Toronto approaches, lead developer Shytoshi Kusama (X) has teased a significant reveal, possibly the Shibarium network. However, skepticism lingers, affecting LEASH’s price.

This means indirectly that #shibarium launches tomorrow. We’ll see! 👀$BONE $SHIB $LEASH pic.twitter.com/FQ4P2WhqX0

— DogPad Finance | ShibArmy! (@DogPadFinance) August 15, 2023

The community’s hopeful yet cautious stance reflects a desire for substantial developments, particularly the long-awaited Shibarium Mainnet launch. This juxtaposition of excitement and skepticism contributed to LEASH’s price fluctuations, highlighting the market’s sensitivity to project updates and underlying fundamentals.

LEASH Price Analysis

The LEASH/USD, daily price chart reveals an observed divergence between the RSI and the price. Notably, while the price has been establishing Higher Highs since July 9, the RSI indicator shows Lower Highs concurrently. This negative divergence implies an impending decline in price. There exists a likelihood of price regression towards the initial support level at $468, representing an 18% reduction from its present level.

Additionally, the Moving Average Convergence Divergence (MACD) histograms have recently emerged below the zero line. This signifies an encroaching selling pressure. The formation of MACD histograms in negative territory further underscores the potential for price descent. After a break below the $468 threshold, the subsequent support is positioned at $380.

However, the prospect of LEASH encountering buying pressure amid forthcoming positive fundamentals could reverse this trajectory. An initial resistance barrier is projected at $611 in such an event, marking a 6.2% increase from the current valuation.

According to DEXTools, LEASH coin currently holds a total market capitalization of $61.8M, with a 24-hour trading volume of $2.60M. Notably, the coin boasts a high-Reliability Score of 99/99 and an impressive 86.2% Community Trust rating.

While there is uncertainty about the future price momentum of the LEASH coin, another meme coin with eco-friendly nature is worth noticing.

Alternative to LEASH

Chimpzee presents a transformative concept, championing environmental sustainability and animal welfare while offering enticing business opportunities.

A CHMPZ coin holds a value of $0.00085, with the project currently in stage nine. The subsequent price increase is slated in two days and eighteen hours. At the presale’s final Gold level, the project is poised to transition to the following Silver levels (stages 10 to 12).

💎Don't miss the 9th Stage of the #Presale!🚀

Get $CHMPZ #Tokens now during the last Gold Stage for the ultimate value!🛍️💰

🌱Earn rewards, fight climate change and save animals with #Chimpzee today!🌏

Make the most of the bonus before it decreases!💸https://t.co/Geog3EVuMC pic.twitter.com/4dgkMrPdSY

— Official Chimpzee Project (@RealChimpzee) August 15, 2023

Additionally, sales tally 1.916 million and 496 thousand CHMPZ tokens. This marks a significant achievement for the few-month-old Chimpzee endeavor. The ongoing presale offers an enticing bonus of up to 100% on all $CHMPZ token acquisitions. This is an ideal gateway to embark on this compelling project while simultaneously supporting the environment and wildlife.

Chimpzee strategizes to curtail the token supply below 60 billion by deliberately burning over 100 billion tokens. The plan entails burning 1 billion tokens at each 200K threshold to foster long-term sustainability.

Additional Features

CHMPZ undergoes token burning as part of its enduring sustainability endeavors. Such actions are expected to contribute to a more stable and esteemed cryptocurrency.

Join the #Chimpzee Challenge🔥Burning 10B tokens reducing the supply to under 50B!

⚡️ #Chimpzee will burn 1B tokens per 200K milestone!

🚀Boosting the value of $CHMPZ #Tokens!

Act fast! Buy $CHMPZ before the current bonus ends at the end of Stage 9!⏰https://t.co/Geog3EVuMC pic.twitter.com/PPcCWWsMPO

— Official Chimpzee Project (@RealChimpzee) August 14, 2023

Furthermore, Chimpzee emerges as a web3 project empowering individuals to earn while safeguarding wildlife and ecosystems. It employs blockchain technology to facilitate transparent and secure donations to wildlife conservation organizations.

Chimpzee’s transformative initiative enables individuals to make a positive impact on animals and the planet. Users can accumulate $CHMPZ tokens via Chimpzee Shop purchases, NFT Marketplace trades, and Zero Tolerance Game challenges.

🌿💰🛍️Earn while you shop and champion the Earth with #Chimpzee!🌍🌟

🌳🛒Discover eco-conscious products, accumulate $CHMPZ and express your passion for animals and nature!🐾❤️

⏳Benefit of up to 100% bonus before it ends!🎉

🔗https://t.co/Geog3EVuMC #GreenCrypto #EcoCrypto pic.twitter.com/aFYNFPfOZt

— Official Chimpzee Project (@RealChimpzee) August 16, 2023

The Chimpzee NFT Marketplace rewards participants through Chimpzee NFT passport ownership, active trading, or NFT minting, providing a share in trading fee earnings and advocating for the NFT community and environment.

🛒Explore the unique #Chimpzee marketplace!🌍

Browse through amazing #Chimpzee items and acquire $CHMPZ tokens while supporting causes dedicated to animal and environmental well-being🌳💚

Discover more and join the #Presale today!🌠🔥

🔗https://t.co/Geog3EVuMC #GreenCrypto

— Official Chimpzee Project (@RealChimpzee) August 14, 2023

Every Chimpzee item purchased yields $CHMPZ tokens, usable for wildlife conservation donations or acquiring other Chimpzee products. Additionally, Chimpzee allocates 1% of all mined $CHMPZ tokens to wildlife conservation organizations, reflecting a commitment to the project’s advancement and animal welfare.

Visit Chimpzee here