Solana Targets June Surge, Shiba Inu Signals “Buy the Dip,”, Furrever Token Offers $20,000 Competition
The post Solana Targets June Surge, Shiba Inu Signals “Buy the Dip,”, Furrever Token Offers $20,000 Competition appeared first on Coinpedia Fintech News
In the dynamic realm of digital assets, June promises excitement as Solana aims for a surge, Shiba Inu invites investors to capitalize on the opportunity to “buy the dip,” and Furrever Token unveils an enticing $20,000 competition.
Solana (SOL) Surges Towards $200: Technical and On-Chain Signals Point to Bullish Momentum
Solana’s trajectory appears optimistic, particularly in decentralized finance (DeFi) and non-fungible token (NFT) sectors, where it is gaining ground against Ethereum. Decentralized exchanges (DEX), NFT trading, and stablecoins on Solana are rivalling or surpassing Ethereum’s volumes, indicating its robust and scalable infrastructure. Additionally, Solana’s aggressive entry into the NFT market and airdrops to active users from projects like Jito and Jupiter Exchange have drawn significant capital, fueling its ecosystem. This success mirrors Ethereum’s approach of lowering barriers to entry and fostering community engagement, hinting at a bullish outlook for Solana in the blockchain landscape.
Shiba Inu (SHIB) Shows Potential for Rebound
Shiba Inu (SHIB) is valued at $0.00002502, reflecting a 5% uptick since the preceding day. Despite a 1.5% climb last week, SHIB has not fully rebounded from the downturn observed between May 6-13, resulting in a 6% decline over the last fortnight. Despite a 4.5% increase last week and an impressive 175% surge over the past year, SHIB demonstrates robust momentum in the medium to long term.
This momentum suggests that SHIB could attain new peaks, presenting a potential buying opportunity for investors at its diminished price. The recent dip might offer a strategic entry point for those seeking to capitalize on forthcoming gains.
Following an overnight downturn, SHIB regained some traction in the morning but has since stabilized. The Relative Strength Index (RSI) bounced back from below 30 to 50, signalling lower-level buying interest. However, the 30-day moving average (in orange) trails below the 200-day moving average (in blue), indicating a potential for further short-term declines.
Nevertheless, the recent resurgence hints at potential expansion and might aid SHIB in averting a further downturn. The convergence of support (in green) and resistance (in red) levels frequently indicates an imminent significant market shift. SHIB’s relatively modest trading volume today (300 million USD) renders it more susceptible to volatility.
Join the Furrever Token (FURR) $20,000 Competition Today!
Furrever Token (FURR) is a unique crypto project aiming to bring happiness and fun into the crypto world. With cute cat images at its core, Furrever Token offers users a charming and joyful experience, creating a sense of togetherness and shared happiness. Its goal is to build an easy-to-use platform with cat-themed stickers, emojis, and visuals, fostering a friendly community that enjoys the lighter side of crypto.
Furrever Token operates on the BNB-20 blockchain and has a total supply of 9 billion tokens. The presale has been very successful, raising over $1.1 million in almost three months and nearing its final stage. The current price is $0.000648, and tokens can be bought only on furrevertoken.com. The tokenomics include 65% for the presale, 25% for decentralized exchanges (DEXs), and 10% for the team, which is locked for a year to ensure project stability.
The project’s credibility is confirmed by an audited smart contract from Securi Lab, no tax on buying/selling, and a committed team with locked tokens for a year. The community has grown naturally, with almost 4,000 active members on Telegram, where attentive admins and moderators promptly handle issues.
It’s a thrilling time to join, as Furrever Token has announced a $20,000 Highest Total Buys Competition. Taking place from May 9 to May 27, participants can compete to be among the top 10 buyers and share in the $20,000 prize pool. This is a great chance to become part of the Furrever community, enjoy potential 15X returns, and maybe win significant rewards. Don’t miss out—check out furrevertoken.com to take part and secure your opportunity to win!
Join Furrever Token Presale Now:
Furrever Token Official Website
Join $20,000 Furrever Token Giveaway
Filed under: Bitcoin - @ May 21, 2024 1:25 pm