Bitcoin and Ethereum Price Fluctuations
The price of SquidGrow has experienced an 18% decrease since reaching a peak on September 15, currently hovering just above $0.028 within the last 24 hours. This meme coin recently made the shift from the Binance Smart Chain to the Ethereum network, seeing a sharp decline to $0.025 and hitting an all-time low, down from its peak of $0.034 on Sept. 15. Despite the recent negative trend, there is a possibility of a price increase with a potential retest of $0.028.
Introduction and Market Response to SquidGrow
Launched in June 2022 by Shiba Inu whale Shibtoshi, SquidGrow is a meme coin that has gained traction in the community for its unique blend of meme culture and revenue-generating projects. The price of SquidGrow was impacted by market sentiment, with negative trends in Bitcoin causing price stagnation below $58,000. While top coins surged ahead of the Federal Reserve’s anticipated interest rate cut, SquidGrow did not see a similar price increase. The token’s value rose significantly following its successful migration to the Ethereum chain, but faced challenges with crypto trading platform LBank deciding to delist SQUIDGROW.
