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Shiba Memu, Bitcoin Cash, Algorand

by The Dao Makers
August 8, 2023
in Analysis
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Shiba Memu token has raised over $1.64 million from traders.

It is among the hottest upcoming crypto tokens on the planet.

It combines key industries like AI and meme cash.

Cryptocurrency costs moved sideways whilst American equities jumped. Bitcoin remained barely above $29,000 whereas the whole market cap dropped by 0.42% to $1.16 trillin. The Dow Jones and the Nasdaq 100 indices jumped by over 0.65% as traders embraced a risk-on sentiment. This text will take a look at the forecast for key cryptocurrencies like Bitcoin Money, Algorand, and Shiba Memu.

Shiba Memu prediction

Shiba Memu is an upcoming cryptocurrency that’s aiming to mix key applied sciences like synthetic intelligence and meme cash. Its purpose is to reap the benefits of essentially the most hyped industries this yr.

In AI, a few of the best-performing firms and cryptocurrencies have been within the trade. A few of these companies are Nvidia, Microsoft, and C3.ai whereas the preferred crypto AI platforms are SingularityNET and Fetch.Ai.

Shiba Memu goals to be a greater different to different well-liked cryptocurrencies like Shiba Inu, Dogecoin, and Pepe. It’s also making the most of AI know-how by self-marketing. It would do this by self-responding to consumer inquiries and develop from their suggestions.

Shiba Memu may have a number of applied sciences, together with Pure Language Processing (NLP), Sentiment evaluation, predictive evaluation, and personalization amongst others. 

Shiba Memu’s token sale has gained traction up to now few weeks. It has already raised over $1.6 million from world traders. The worth of the token is rising each day. You should buy the Shiba Memu token right here.

Bitcoin Money worth prediction

The 4H chart reveals that the BCH worth has moved sideways up to now few days. This worth motion has mirrored that of Bitcoin, which has additionally dropped from the year-to-date excessive of $31,388 to $29,000. BCH worth has moved barely above the 25-period and 50-period transferring averages.

The worth was additionally barely above the 38.2% Fibonacci Retracement degree. On the similar time, the Relative Power Index (RSI) has moved barely above the impartial level at 60. Subsequently, Bitcoin Money worth will possible stay on this vary for some time. The important thing assist and resistance ranges to observe can be at $219 and $260.

Algorand worth prediction

Algorand has been underneath strain up to now few months. This strain intensified just lately when AlgoFi, the most important DeFi platform within the ecosystem collapsed. ALGO worth is consolidating on the 25-day and 50-day transferring averages whereas the Relative Power Index (RSI) drifted upwards.

The Common True Vary (ATR) has drifted downwards whereas the worth is above the important thing assist degree at $0.1043. Quantity has been constrained up to now few weeks. Subsequently, the token will possible stay in a decent vary within the coming days. The important thing assist and resistance ranges to observe can be at $0.10 and $0.12.

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