SquidGrow Price Decline and Market Outlook

The SquidGrow price has dropped 18% since reaching a new high on September 15, with the 24-hour price fluctuating just above $0.028. The SquidGrow meme coin, which recently migrated its token from the Binance Smart Chain to a new contract on the Ethereum network, fell sharply to lows of $0.025. This decline saw the SQGROW token touch its all-time low, with the price down 18% from its peak of $0.034 on September 15.

Although SquidGrow’s price remained negative over the past 24 hours at the time of writing, there is a potential upside with a retest of $0.028.

Can SquidGrow Price Mirror Top Coins?

Launched in June 2022 by Shiba Inu whale Shibtoshi, SquidGrow is a meme coin that the community now claims is a utility-driven project blending meme culture with diverse revenue streams. The recent dip in SquidGrow’s price largely mirrored the action across the crypto market, mainly as negative sentiment kept Bitcoin below $58,000. However, as top coins surged ahead of the Federal Reserve’s projected 25 basis points interest rate cut, SQGROW’s price did not rise similarly.

The pressure remains after SquidGrow rose sharply following its successful migration to the Ethereum chain. A notable development after the upgrade was the announcement by crypto trading platform LBank regarding the delisting of SQUIDGROW. LBank notified users that it will not support SQGROW deposits and trading, urging users to withdraw assets beginning September 15.

Key Takeaways

  • SquidGrow price dropped 18% since September 15 peak.
  • Recent migration from Binance Smart Chain to Ethereum network.
  • Potential upside with a retest of $0.028.
  • Pressure due to lack of similar rise as top coins.
  • LBank delisted SQUIDGROW post-migration.

The future of SquidGrow remains uncertain as it navigates these market challenges. Investors should stay informed about market trends and potential developments.

For more updates and news on cryptocurrencies, investing, and finance, stay tuned to Global Crypto News.

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