• Binance not too long ago introduced a two-week lengthy Memecoin contest.
• The competition is scheduled to run from July twelfth to twenty sixth.
• Crypto analyst Javon Marks predicts the Shiba Inu will regain its all-time excessive.

Outstanding crypto analyst Javon Marks believes Shiba Inu (SHIB) will regain its all-time highs as Binance launches a meme coin showdown between the cryptocurrency and its principal rival, Dogecoin (DOGE).

Binance not too long ago introduced a two-week competitors dubbed “Battle of the Meme Canines,” with the potential winner receiving token vouchers price $100,000. In the course of the competitors, members from the SHIB and DOGE groups will earn factors by finishing every day or everlasting duties. The competitors will run from July 12 to July 26, 2024, and participation is straightforward:

Those that want to take part might want to confirm their participation by logging into their Binance account and becoming a member of both Staff Shiba or Staff Doge on the exercise web page. After verification by Binance, customers will likely be redirected to the promotion web page the place they’ll start their duties.

The factors are structured as follows:

• Log in each day and get 30 factors
• Earn 20 factors for sharing the competition on social media
• 200 factors will likely be awarded to referrers who full KYC verification
• 250 factors for every DOGE or SHIB deposit of $100 or extra.

Moreover, members who place spot or conversion orders of $100 or extra in SHIB or DOGE will earn 350 factors, whereas customers will earn 500 exercise factors when buying and selling a minimal of $1,500 of SHIB or DOGE on Binance futures.

After the competition ends, Binance will reward the groups that earn essentially the most factors. A minimal of three,000 factors is required to take part within the $100,000 prize pool. $50 will likely be distributed to the primary 50,000 members on the successful group. Equally, $50 will likely be awarded to the primary 20,000 members on the dropping group.

In the meantime, analyst Javon Marks predicts Shiba Inu's inventory worth will regain its all-time excessive, citing a good market outlook and technical indicators. He writes that Shiba Inu's worth motion signifies additional upside potential, which may propel it to considerably increased costs.

“$SHIB (#Shiba) 3D worth continues to interrupt out of a really related sample regardless of current actions, one other sample that sparked a large rally to new all-time highs.”

Shiba Inu was buying and selling at $0.00001963 at press time, up 1.66% within the early hours of the day.