New York, NY, April 12, 2024 (Globe Newswire) — In the midst of the turbulent crypto markets, Ethereum (ETH) and Shiba Inu (SHIB) face challenges as they ride out the rough waters and aim for new rallies. facing. Despite efforts to regain solid footing, both ETH and SHIB have encountered obstacles that have hindered their upward momentum. In stark contrast, Faber Token (FURR) has emerged as a beacon of success, surpassing the impressive milestone of $770,000 in funding within just one month. While ETH and SHIB have struggled with market trends, FURR's rapid rise highlights its growing attractiveness and investors' confidence in its promising trajectory.
Ethereum (ETH) could soon reach $4,000 again
Ethereum (ETH) price is currently around $3,502.22, up nearly 1% from yesterday. Despite recent fluctuations, Ethereum's price chart suggests signs of a possible recovery, with indicators such as the 30-day moving average holding steady and the Relative Strength Index (RSI) going from 30 to around 45. It is rising and showing momentum.
The recent recovery of Ethereum's support level, along with the doubling of trading volume, is also a positive indicator of increased market activity. This surge in volume can be attributed to selling pressure from large investors, but it is encouraging as it has not had a significant impact on Ethereum’s price.
Considering the broader crypto market situation, Ethereum appears poised to perform well in the short and long term. It is expected to benefit from the potential upside after Bitcoin's upcoming halving event. Additionally, the potential approval of a spot-based Ethereum ETF could be a significant development, similar to the impact a Bitcoin ETF would have on BTC prices.
Ethereum’s strong fundamentals, especially its large share of the total value locked (TVL) side of the market, suggest that Ethereum is in for a significant uptrend. This could push Ethereum to levels near $4,000 in the coming weeks and reach $5,000 in the second half of this year.
Despite gaining 5% over the past week, Ethereum is down 12.5% over the past month. However, it is important to note that Ethereum has increased by 89% over the past year.
Shiba Inu (SHIB) Analysis: Consolidation, Potential Opportunities, Market Indicators
Shiba Inu (SHIB) is currently trading at around $0.00002737, down 1% from yesterday. The popular meme token has been in a phase of retreat and consolidation over the past six weeks. However, the crypto price movement chart shows no reason for investors to panic. On the contrary, experts suggest that a further 15% drop in SHIB prices could represent a good buying opportunity.
A recent report on Shibarium revealed a decline in transaction fees on the network, which could raise concerns about reduced user activity and potential reductions in demand. The 12-hour price chart of Meme Token highlights the significance of the $0.00003 level since March 15th. The bulls briefly turned to support in the last week of March, but failed to sustain and the latest rally also stalled just below this level at $0.00000295. .
The Relative Strength Index (RSI) stands at 47, highlighting indecision, while the Chaikin Money Flow (CMF) remains uncertain as well. In particular, cryptocurrency price trends and indicators indicate that SHIB is in a consolidation phase. A move in CMF could signal that increased buying (or selling) pressure and a move in SHIB in that direction is imminent.
The 30-day MVRV ratio fell into negative territory earlier this month, suggesting that the token may be undervalued. On the contrary, the average age of the cryptocurrency has shown a strong upward trend since the beginning of March, indicating a strong buy signal, especially due to the strengthening at the resistance level.
Open positions have also decreased significantly over the past 10 days. The average age of cryptocurrencies fell sharply in early March, but stagnation in circulation has increased significantly since then. This calm in stagnant circulation could indicate a lack of significant selling pressure or token movement in recent weeks.
Far Lever Token (FURR) skyrockets: How we collected $770,000 in a month with up to 15x returns
Fueled by a strategic blend of compelling marketing, unique tokenomics, and a strong community-driven ethos, Furrever Token (FURR) has soared to raise over $730,000 in just one month. With attractive offers of up to 15x returns and current price of $0.00048, FURR's pre-sale phase attracted a lot of attention and investment.
The appeal of this token stems from its innovative vision to inject some appealing cuteness into the realm of cryptocurrencies and provide users with a fun and engaging experience that differs from traditional blockchain ventures. FURR’s pre-sale strategy strategically allocated 65% of the tokens to early investors to incentivize participation and leverage significant profit potential. Furthermore, his dedication to locking 10% of the tokens for a year highlighted his firm commitment to the survival of the project and brought trust and stability within the community.
FURR's efforts, including regular challenges, launch events, and growth initiatives, have fostered a vibrant and inclusive community atmosphere. Integrating adorable cat-themed stickers, emojis, and visuals into the ecosystem further enhanced user engagement and attracted a diverse audience beyond traditional cryptocurrency enthusiasts.
The lack of sales tax during transactions has streamlined transactions, and the active presence of administrators and moderators on platforms like Telegram has ensured that questions and issues are quickly resolved and strengthened credibility.
Overall, Furrever Token's attractive concept, strategic tokenomics, rigorous security measures, and active community engagement have propelled its rapid fundraising success and positioned it as a promising contender in the crypto industry. has been established.
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Media Contact: Robert Smith support(at)furrevertoken.com https://furrevertoken.com/
Disclaimer: The information provided in this press release is not intended as a solicitation to invest, nor is it intended as investment advice, financial advice or trading advice. Before investing in or trading in virtual currencies or securities, we strongly recommend that you exercise due diligence, including consulting with a professional financial advisor.
