Earlier this week, Bitcoin (BTC) surged past $42,000 to a 19-month high, sparking new price bets. Prominent financial figure Bloomberg predicts that Bitcoin is on a long-term rally towards $500,000. According to their report, “Bitcoin topping $42,000 is just the start of a fresh crypto supercycle that will push the world’s biggest token above $500,000 in what adherents say is the new monetary order taking Wall Street by storm.” 

Last year, the CEO of Galaxy Digital, Mike Novogratz, made a similar call when he predicted that Bitcoin would hit $500,000 within five years.But what does a Bitcoin rally to $500,000 mean for the rest of the crypto market? Specifically, what does it mean for Shiba Inu (SHIB) and Retik Finance (RETIK), two investor favorites?

지난해 갤럭시 디지털(Galaxy Digital)의 CEO인 마이크 노보그라츠(Mike Novogratz)는 비트코인이 5년 안에 50만 달러에 도달할 것이라고 예측하면서 비슷한 주장을 했습니다. 하지만 비트코인이 50만 달러까지 상승한다는 것은 나머지 암호화폐 시장에서 무엇을 의미할까요? 구체적으로 투자자들이 가장 선호하는 두 가지인 Shiba Inu(SHIB)와 Retik Finance(RETIK)에게 이는 무엇을 의미합니까?

Shiba Inu (SHIB): Does the meme coin stand a chance?

Shiba Inu (SHIB) is an Ethereum-based meme coin and Dogecoin (DOGE) competitor. Like DOGE, SHIB features the image of a smirking shiba inu dog as its mascot. Shiba Inu surged over 67 million percent from when it was launched in August 2020, reaching its all-time high in October 2021. SHIB is currently trading roughly 90% below its all-time high. 

시바견(SHIB)은 이더리움 기반 밈 코인이자 도지코인(DOGE)의 경쟁자입니다. DOGE와 마찬가지로 SHIB도 활짝 웃는 시바견 이미지를 마스코트로 삼고 있습니다. 시바견은 2020년 8월 출시 당시보다 6,700만% 이상 급등해 2021년 10월 사상 최고치를 기록했습니다. SHIB는 현재 사상 최고치보다 약 90% 낮은 가격에 거래되고 있습니다.

Apart from the market-wide downtrend that set in after the 2021 bull cycle, another reason for this dramatic fall in the price of Shiba Inu (SHIB) is a lack of utility. Shiba Inu (SHIB) was primarily created as a meme coin with no real-life use cases. As a result, its price was very volatile, with large, unpredictable price swings. 

Since 2021, the development team behind Shiba Inu, Ryoshi, has built an ecosystem of DeFi products around the SHIB token to give it more utility. The ecosystem includes a decentralized exchange, an NFT marketplace, an Ethereum layer-2 scaling solution, and a metaverse platform. But this has not done a lot to restore SHIB’s value. The token’s price is still far from its peak. 

Shiba Inu (SHIB) is also facing competition from other meme coins. Dogecoin is still the most valuable meme coin, with a market cap nearly double that of Shiba Inu. Newer meme coins, such as PEPE and Grok, also pose a challenge to the current position of SHIB.

시바견(SHIB)도 다른 밈 코인과의 경쟁에 직면해 있습니다. Dogecoin은 여전히 ​​가장 가치 있는 밈 코인으로, 시가총액이 Shiba Inu의 거의 두 배에 달합니다. PEPE 및 Grok과 같은 최신 밈 코인도 SHIB의 현재 위치에 도전을 제기합니다.

Typically, when Bitcoin rises, other cryptocurrencies rise with it. However, SHIB’s dominance is diminishing, making its future questionable.

Retik Finance (RETIK): A Safer Bet

Retik Finance (RETIK): 더 안전한 베팅

Retik Finance is causing a stir in the decentralized finance (DeFi) market. The project launched its presale campaign earlier this week and sold out the first stage within 72 hours, raising over $450,000. This is among the best presale performances of 2023. 

Retik Finance is an Ethereum-based platform that seeks to reshape the financial landscape. Retik’s ecosystem includes a multi-chain Web 3 wallet, futuristic DeFi debit cards, and a payment gateway, among other features.

Retik Finance는 금융 환경을 재편하려는 Ethereum 기반 플랫폼입니다. Retik의 생태계에는 다중 체인 Web 3 지갑, 미래형 DeFi 직불 카드, 지불 게이트웨이 등의 기능이 포함되어 있습니다.

Let’s see how each of these contributes to the allure of the project:

Retik DeFi Debit Cards: Perhaps one of the most innovative features of this project. Retik DeFi debit cards allow users to spend crypto directly from their wallets on everyday expenses such as grocery shopping or car fuel. A partnership with payment systems such as Visa and MasterCard facilitates instant crypto-to-fiat conversion, allowing users to make payments even to merchants who may not directly accept crypto payments. Users can also use the cards at an ATM anywhere in the world to make cash withdrawals. Retik DeFi debit card users are eligible for up to 5% in cashback rewards.

Retik Pay: This payment gateway provides a user-centric pick for business owners looking to integrate crypto payments into their businesses. It is cost-effective, globally available, and compatible with any e-commerce platform. 

Retik Pay: 이 결제 게이트웨이는 암호화폐 결제를 비즈니스에 통합하려는 비즈니스 소유자에게 사용자 중심 선택을 제공합니다. 비용 효율적이고 전 세계적으로 사용 가능하며 모든 전자 상거래 플랫폼과 호환됩니다.

Retik Wallet: The wallet is linked to the Retik DeFi debit cards to facilitate the conversion of cryptocurrencies to fiat currency, eliminating the need for decentralized exchanges such as Binance. The wallet prioritizes top-tier security, ensuring the safety of all user transactions and funds. It has been hailed as one of the most secure Web 3.0 wallets. Retik Wallet also enables users to engage in all typical DeFi activities, including swapping, farming, mining, staking, lending, borrowing, and shorting. 

Retik 지갑: 지갑은 Retik DeFi 직불 카드에 연결되어 암호화폐를 법정화폐로 쉽게 전환할 수 있으므로 Binance와 같은 분산형 거래소가 필요하지 않습니다. 지갑은 최고 수준의 보안을 우선시하여 모든 사용자 거래와 자금의 안전을 보장합니다. 가장 안전한 웹 3.0 지갑 중 하나로 평가받고 있습니다. 또한 Retik Wallet을 통해 사용자는 스와핑, 파밍, 채굴, 스테이킹, 대출, 차용 및 공매를 포함한 모든 일반적인 DeFi 활동에 참여할 수 있습니다.

These products put Retik Finance ahead of the competition and in an excellent position to benefit from the new investors and volume attracted to the cryptosphere by Bitcoin. In just one week, Retik Finance has established itself as a major contender in the upcoming bull run.

The current price of RETIK is $0.040. Market analysts predict a sustained rally that could see RETIK hit $10 in 2024. To celebrate its early success, Retik Finance is holding a giveaway contest where ten lucky participants will share a $333,000 prize.  To learn more about this wonderful opportunity, 

RETIK의 현재 가격은 $0.040입니다. 시장 분석가들은 RETIK이 2024년에 10달러를 기록할 수 있는 지속적인 상승세를 예측합니다. Retik Finance는 초기 성공을 축하하기 위해 10명의 행운의 참가자가 333,000달러의 상금을 공유하는 경품 대회를 개최하고 있습니다. 이 놀라운 기회에 대해 자세히 알아보려면,

Visit the links below for more information about Retik Finance (RETIK):

• Website: https://retik.com/

• Linktree: https://linktr.ee/retikfinance

링크트리: https://linktr.ee/retikfinance