Bullish crypto narrative benefits Octoblock and Shiba Inu holders

The current bullish trend in the crypto market has brought a surge of optimism and potential gains for investors across a spectrum of digital assets, including Shiba Inu (SHIB) and Octoblock (OCTO).

Shiba Inu coin price

Despite fluctuations, Shiba Inu (SHIB) ranks among the best performers in the current crypto market, with its price jumping 20% in a week. Key metrics related to SHIB’s performance have also shown significant positive trends. For instance, on March 26, the daily transactions on Shiba Inu’s layer-2 scaling solution Shibarium skyrocketed to over 400,000, marking a 500% increase from the day before. Moreover, data from IntoTheBlock revealed a remarkable 220% surge in SHIB’s aggregated daily volume, underscoring the growing activity and adoption surrounding the meme coin.

The rise of Octoblock (OCTO): Factors driving investor interest

Octoblock (OCTO) is a new DeFi project that has captured investor interest with its unique blend of Game-Fi strategies, yield farming services, cross-chain interoperability, and charitable initiatives. The project will roll out a number of initiatives, starting with a revenue-generating system known as Nautilus Trove. This system will receive assets through multiple avenues within Octoblock and allocate them to DeFi strategies for consistent returns and revenue-generating ventures for yield returns.

OCTO holders will share 45% of the revenue generated based on the number of tokens they hold. Octoblock will also have a sweepstake known as Saltwater, which will distribute 5% of the profits randomly to addresses within its community. A share of Octoblock’s profits will also go to environmental causes through its Tentacle Trust. OCTO holders will vote to determine the recipient of the Tentacle Trust’s donations, thereby making an impactful contribution toward mitigating the detrimental impacts of human activities on the marine environment.

Octoblock’s cross-chain swap platform, Coral Cove, will integrate the functionality of asset swapping and bridging, eliminating the need for users to navigate through multiple services or platforms. Coral Cove will also maintain high standards of security and efficiency, leveraging liquidity aggregation to ensure users have access to the most optimal transaction routes.

The Octoblock Initial Coin Offering (ICO) has also piqued investor interest. The ICO is 14-phased, with Phase 1 selling OCTO at $0.035 and offering a 15% bonus and Phase 14 having the token at $0.048 with a 5% bonus. OCTO will launch at $0.1, denoting significant profits for ICO participants at all levels. Octoblock also has a special Tesla Giveaway exclusive to ICO participants, marrying its commitment to combating climate change and promoting the well-being of marine habitats with its community-centered ethos.

For more information on OCTO:-

Website: https://octoblock.io/

Buy OCTO: https://reef.octoblock.io/register

Disclaimer: This article is sponsored content and is not financial advice. CryptoNewsZ does not endorse or guarantee the accuracy of the content. Readers should verify information independently and exercise caution when dealing with any mentioned company. Investing in cryptocurrencies is risky, and seeking advice from a qualified professional is recommended.

Mark Peterson

Mark Peterson has been following the crypto market for the past seven years. As a crypto news journalist, he has recently joined our team. He regularly delivers the most recent happenings of the crypto space. He enjoys writing poems and exploring various crypto trading platforms in his spare time.

Related Articles

Back to top button