In a landmark decision that could change the fortunes of the crypto sector, the U.S. SEC dropped its investigation into Ethereum (ETH), signaling a favorable stance towards the emerging industry. This has benefited Ethereum Name Service (ENS) and WW3 Shiba (WW3S), the world’s first SocialFi meme coin.
Analysts predicted that the native tokens of Ethereum-based cryptocurrencies stand to gain a lot. Ethereum Name Service suffered a sharp decline in the past week, while WWS Shiba has seen an increase in investors buying its WW3S token during the presale.
Ethereum Name Service Crashes
Ethereum Name Service, a naming system based on Ethereum, is experiencing a sharp decline, joining the market downturn that has left Bitcoin trading below $60,000. ENS, te native token of Ethereum Name Service, dropped 6% in the past week, taking its price to $26.24 (at the time of writing).
Despite this, ENS is still one of the best-performing cryptocurrencies. ENS is down 56% from its all-time high. Experts claim that the recent decision by the SEC can attract more people to the Web3 space, a move that could further benefit ENS.
The U.S. SEC Drops Ethereum Investigation
The U.S. Securities and Exchange Commission (SEC) recently announced that it was clearing Ethereum from its investigation. Some reports claim that the SEC closed the Ethereum investigation to avoid an ’embarrassing court case.’ ETH, the native token within the Ethereum ecosystem, failed to capitalize on the positive developments.
Ethereum, a blockchain protocol instrumental in launching several digital tokens, is trading at $2,911 (at the time of writing), indicating a 17% decline in the past month.
WW3 Shiba: Presale Gathers Momentum
WW3 Shiba is lifting off as whales and retail investors join the meme coin’s ongoing presale. The new SocialFi meme coin, which plans to disrupt the $175 billion gaming market, will launch a play-to-earn platform to attract gamers and Web3 enthusiasts.
Users will earn in-game assets and other rewards, indicating that virtual economies can help people bring in income. Some of WW3 Shiba’s real-world applications include donating to charities focusing on dogs.
The WW3S token will be minted on the Ethereum network and can be staked after the presale. WW3 Shiba will issue a total of 4.3 billion WW3S tokens. The WW3 Shiba ecosystem will be allocated 7% of the supply. Investors are jostling to buy each WW3S token for only $0.001 in the presale, making it the best crypto investment.
If you would like to find out more information about the presale,
Website: ww3shiba.com
Twitter: https//x.com/WW3SHIBA
Telegram: https://t.me/ww3shiba_portal