So, what’s Sheesh Coin? This text will reply that query and offer you all of the necessities concerning this mission, such because the function of the mission’s SHEESH token. As well as, we’ll do a Sheesh Coin worth evaluation and look nearer at the perfect crypto swap platform the place you should buy this asset. Moreover, we are going to discover the mission’s official web site, socials, and Etherscan web page to offer you as a lot perception as potential. You may consider this half as a basic evaluation (FA).
After all, our FA would not be full with out carefully analyzing the SHS token and its tokenomics. Subsequent, we’ll deal with the Sheesh Coin worth. We’ll take into account all of the areas $SHS has lined thus far and decide the token’s key ranges of help and resistance. Primarily, we’ll carry out a somewhat fundamental technical evaluation (TA).
And whereas it’s value declaring that TA is way from correct with regards to newly minted cash, it does supply some invaluable perception. If nothing else, we are able to use instruments just like the Fibonacci retracement instrument to take a position on what worth stage the asset may attain subsequent.
Our FA and TA will enable you to resolve whether or not or not the SHS token deserves your consideration additional. And if that’s the case, we may have a particular part explaining find out how to purchase Sheesh Coin. That is the place you’ll study to be further conscious of the token’s real-time, on-chain metrics. In any case, they’re the important thing to figuring out if now’s the precise time to purchase $SHS.
What’s Sheesh Coin?
Sheesh Coin, or $SHEESH, is a somewhat new crypto mission and cryptocurrency. The latter has the SHS ticker image or and is an ERC-20 token. This implies it’s a fungible crypto that lives on the Ethereum blockchain, the place it was minted on June 24, 2023, by “sheeshtoken.eth.”
By wanting on the mission’s official web site (see the picture above this part’s title), we should say that the location appears to be like a bit sketchy. It’s removed from professionally designed and it doesn’t even use its personal area. For us, this can be a yellow flag. Nonetheless, it’s value declaring that we’ve seen altcoins with worse and even no web sites carry out properly.
In keeping with SHS’s official web site, the mission is all about prioritizing decentralization and blockchain tech. Within the “About” part, the web site additional factors out that it focuses on constructing a bridge between DeFi and NFT communities.
So, the core crew goals to supply utility for different NFT initiatives; that’s what they declare, no less than. Nonetheless, they’re fairly obscure about this concept. Moreover, they do say that customers ought to think about a “stakeable” ERC-20 token – let’s presume they speak concerning the SHS token. The latter is supposedly deployed via a significant secondary market and backed by an already confirmed NFT ecosystem.
The NFT ecosystem that the mission refers to is Pepe Ape Yacht Membership (PAYC). Which means there’s a connection between PAYC and Sheesh Coin. That additionally explains the duvet picture. Sadly, the SHS mission doesn’t present any documentation or a whitepaper. Due to this fact, we should search for some clues on the aforementioned web site.
However earlier than we transfer any additional, you will need to level out that at this level, $SHS is nothing however a meme coin. The mission’s official web site states that somewhat clearly on the very backside:
What’s the Position of the SHS Token?
As a meme coin, the SHS token, by definition, has no use case, no less than not but. Nonetheless, we are able to discover some “particulars” concerning the connection between $SHS and PAYC within the “Roadmap” part of the mission’s web site. The latter states that $SHS will probably be deflationary via the PAYC ecosystem. For example, the crew (which, in line with the above “memecoin” disclaimer, doesn’t exist) lists their capacity to make use of $SHEESH mint, non-dilutive NFTs via their NFT staking contract.
The mission’s somewhat memetic roadmap, with no clear dates and timeframes, signifies that “Part 2” and “Part 3” convey some utility to $SHS. Within the former, the SHS token needs to be used as a ticket to entry a chosen Discord group and get voting energy concerning the modifications made to the protocol. In “Part 3,” customers ought to be capable to use $SHEESH to record and buy NFTs. Primarily, the third section is the place the token staking is meant to return to play.
Judging by the variety of $SHS holders, which is presently nonetheless beneath 1,000, the mission is in its first section.
Plus, wanting on the Twitter account, we are able to spot the collaboration with the PAYC neighborhood. If the variety of followers is natural, it does point out the earlier success of PAYC NFTs.
PAYC is an NFT ecosystem with a number of collections. The three hottest PAYC collections embrace the so-called PAYC Genesis assortment, PAYC Mutants, and PAYC Legends. All of them went reside in 2022 – July, September, and December – in the identical order. The primary one consists of 7,777 NFTs, the second 2,801, and the third one 1,000.
There are a number of NFT marketplaces the place you’ll be able to commerce these NFTs, together with OpenSea. At Aura, you’ll be able to already buy a few of them with $SHS.
As for the originality of these NFTs, you’ll be able to see that they clearly took one of the widespread NFT collections and added a Pepe meme twist.
Except for the above-mentioned lack of professionalism concerning the mission’s official web site and never even getting a singular area, the tokenomics increase one other yellow flag. Why? Nicely, if you happen to keep in mind, the mission’s disclaimer clearly states that there’s no official crew, but $SHS distribution assigned 9 p.c of the entire provide to “crew.”
Within the above picture, you can too see that the token had a presale. And it included a somewhat excessive share of 420 billion SHS tokens. As for the $SHS complete provide, we are able to use Etherscan to confirm that it actually is ready at 420,000,000,000.
Regardless of these yellow flags, the token continues to commerce somewhat excessive above its itemizing worth, regardless of its latest cooldown. The truth that the token creators locked the SHS-WETH liquidity clearly offers some confidence.
Analyzing the Sheesh Coin Value
$SHEESH began to be traded on June 24, 2023. The Sheesh Coin worth (itemizing) was $0.000000223; nonetheless, it closed its first five-minute candle at $0.000001523. So, that was a virtually 7x pump in simply 5 minutes. Plus, it’s value declaring that the value spiked all the best way as much as $0.000003554 with these first 5 minutes of buying and selling on Uniswap.
And, if we now deal with the asset’s four-hour chart, you’ll be able to see that the identical ranges remained revered inside the first 4 hours of buying and selling.
Wanting on the above chart, you’ll be able to see that following the preliminary pump, $SHS truly pulled again and located help at $0.000000853-ish. From there, the development reversed and the token began to climb towards its present all-time excessive (ATH).
After all, as with most new alts, there have been a number of short-lived 30-50% corrections alongside the best way. Nonetheless, the Sheesh Coin worth managed to extend its itemizing worth by greater than 2400% within the first ten days.
However after setting its ATH at $0.000006201 on July 4, 2023, SHS went via a significant pullback. After lowering in worth by practically 70% in lower than three days, the token discovered help at $0.000001851. The latter is the higher stage of a extra important help area that beforehand served as resistance.
From the aforementioned stage, the Sheesh Coin worth bounced again up by greater than 90% however discovered resistance at one of many earlier helps. So, the token pulled again down and began to maneuver sideways between the $0.000002339-ish and $0.000003093-ish ranges. On July 11, 2023, the asset managed to interrupt out of that channel and is retesting its higher stage on the time of writing.
$SHS Value Hypothesis
With regards to meme cash, there will be no worth prediction however solely hypothesis. And there are a number of methods to take a position on how excessive the asset may go. For instance, we may evaluate $SHEESH’s market cap with some main meme cash and speculate that it may probably attain these tokens’ ATH market caps.
Nonetheless, the character of this mission is just not usually memetic; as such, we determined to limit our hypothesis to extra possible eventualities. So, we used the Fibonacci retracement instrument. This instrument’s most optimistic short-term stage (the 4.236 extensions) factors to $0.000020. From the present worth (on the time of writing), that will be a 6x-plus enhance in worth.
Utilizing our simplified FA and TA, it’s best to be capable to decide whether or not or not $SHEESH deserves your consideration additional. If sure, use the next part as it can additionally enable you to with getting your timing proper if you wish to purchase $SHEESH!
Purchase Sheesh Coin
There are lots of methods to purchase varied altcoins, however with regards to newly minted alts, you must deal with decentralized exchanges. Furthermore, with regards to tokens on the Ethereum chain, Uniswap is usually the go-to selection. Nonetheless, the perfect coin swap websites can are available in different kinds (not essentially a DEX).
So, whereas “utilizing Uniswap” is a legitimate reply to the query concerning find out how to purchase Sheesh Coin, there’s a higher and probably safer method!
Simply take into account Moralis Cash. This final on-chain evaluation instrument and crypto breakout scanner lately added a swap characteristic. Using the facility of the 1inch aggregator, it allows you to swap any EVM-compatible token at the absolute best worth proper on the token web page.
What’s a token web page?
That is part of Moralis Cash’s secondary objective that revolves round researching particular person altcoins. These pages embrace hyperlinks to a token’s official web site, socials, and different sources, the token’s worth chart, good contract safety particulars, a bubble map, and many others. Primarily, you get to carry out a correct FA and TA on a single web page.
Nonetheless, a very powerful a part of the Moralis Cash token pages is the real-time, on-chain metrics you could view on completely different timeframes. By wanting on the token’s on-chain momentum, you get to find out if now’s the precise time to purchase the asset. In any case, the on-chain exercise at all times precedes worth motion.
So, find out how to purchase Sheesh Coin?
- Go to Moralis Cash’s Sheesh Coin ($SHS) token web page, or use the interactive widget beneath.
- Analysis the token additional.
- Take a look at $SHEESH’s real-time, on-chain metrics together with its present worth and decide if now’s a great time to purchase.
- If the timing is true, use the Moralis Cash swap characteristic to get your bag of $SHS.
Going Past $SHEESH with Moralis Cash
The core good thing about utilizing Moralis Cash revolves round recognizing the perfect altcoin alternatives at any time.
In any case, whereas the Sheesh Coin worth 20x-plus enhance could seem spectacular, there are a lot of different, even higher, altcoin alternatives. In any case, the typical altcoin tends to extend by 50-70x throughout a bull run. Plus, there are a lot of cash that do 100x, 1000x, and extra, even exterior the bull run. As an example, simply take into account the PEPE token’s 100,000x-plus enhance in lower than 21 days.
So, Moralis Cash helps you discover these sorts of alternatives earlier than it’s too late. And all of it boils all the way down to working both preset filters or your distinctive methods!
Use the animations beneath that can assist you get going with both of the 2 choices:
- That is the way you apply Moralis Cash preset filters:
- That is how you utilize Token Explorer to run your distinctive methods:
Analyzing the Sheesh Coin (SHS) Value and Purchase $SHEESH – Abstract
In right this moment’s article, we explored the Sheesh Coin crypto mission and the SHS token. We appeared on the mission’s official web site and socials to find out what it is all about. It seems that $SHEESH is yet one more meme coin. Nonetheless, it does plan to supply particular use instances. In any case, the token’s affiliation with the PAYC NFT mission offers it a possible head begin.
We additionally appeared on the Sheesh Coin worth and carried out some fundamental TA. As such, you now know what the present help and resistance ranges are. Plus, we used the Fibonacci retracement instrument to take a position how excessive may the value of SHS go if it manages to interrupt above the present ATH stage.
Nonetheless, we defined find out how to purchase Sheesh Coin by way of the Moralis Cash web page. Alongside the best way, you additionally discovered find out how to use the analysis web page for the token and analyze its real-time, on-chain metrics. So, you know the way to find out whether or not or not now’s a great time to purchase $SHS.
As a bonus, we additionally shared two animations that may enable you to begin utilizing Moralis Cash’s core characteristic. So, be sure to begin discovering the perfect altcoin alternatives right this moment!
Don’t overlook that Moralis Cash helps all of the main crypto networks (Ethereum, BNB Chain, Polygon, Fantom, Arbitrum, and many others.). Additionally, there are a lot of different highly effective Moralis Cash options you must discover. As an example, discover find out how to set crypto worth alerts for purchase and promote indicators right this moment!