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Furrever Token Expected to Reach Bitcoin and Ethereum Level ROI in 2024
Furrever Token
New York, NY, May 26, 2024 (GLOBE NEWSWIRE) —
Bitcoin (BTC) fell below $68,000, trading at $67,183 with a 3% decline in the last 24 hours, raising fears of a potential downtrend. In the meantime, Ethereum (ETH) remains stagnant at $3,800 despite the approval of eight Ethereum spot ETFs, showing no significant uptrend. On the other hand, Furrever Token (FURR) captivates investors with its promising pre-sale, close to $1.1 million raised, and its potential to increase in value by 1,500% post-launch.
BTC falls below $68,000 – will the decline persist?
Investors and traders are showing new interest in Bitcoin strategies now that its current position and price fluctuations are fueling this new wave. Bitcoin which was trading at $67,183/$ started down 3.3% in the last 24 hours, has a trading volume of $36, monthly volatility of 4%, monthly average price of 350 $ and a return since the beginning of the year. by 19%. 7 billions.
Analyzing the global market, we can say that the capstone project budget is $1. 2.3 Q It is worth mentioning that bitcoin remains the most valuable coin in the cryptocurrency market, with a value of over 3 trillion. Bitcoin (BTC/USD) is down 3% at 67,183 from its price earlier today. By analyzing the overall price fluctuations of this token, users will observe that over the last 24 hours, a 3% price change indicates a bearish trend. Yet, these figures of $68,263, particularly highlighting the pivot point, belong to the direction of the current uptrend.
The 50-day exponential moving average (EMA) sits at $68,615, which forms a resistance level near the pivot point. Technically, Bitcoin is trading below the pivot point, indicating a potential downtrend. As an entry strategy, it might be recommended to sell below $68,263, target a profit level of $66,357, and set the stop loss at $70,029. This strategy can allow investors to take advantage of possible further declines while managing risk.
How did the Ethereum price react after its approval: has the expected rise arrived?
Following the approval of eight Ethereum spot ETFs by the SEC last night, the price of ETH remained stagnant at $3,800 and showed no signs of a significant uptrend. Despite this, ETH saw a significant increase of over 30% in the past week. Investors are currently taking a cautious stance and monitoring whether this development will result in a “news sell” event.
Before the US SEC announced its decision to approve the Ethereum ETF, the price of ETH saw wild fluctuations. In the tense hours leading up to official approval, ETH initially fell to $3,500 during the traditional US market close. It then approached $3,900 after initial unconfirmed reports of confirmation emerged, and eventually stabilized above $3,800 after confirmation. Amidst these huge price swings, it turned out that a whale made a staggering sale of 7,900 ETH worth $29 million.
The story continues
During the turbulent period, liquidation of positions in leveraged crypto derivatives reached more than $350 million throughout the day, the highest figure since May 1, according to CoinGlass data . The majority of these liquidated positions were long positions anticipating price increases and totaled approximately $250 million. This shows that traders who had overused their leverage were surprised by the sudden price drop. Of those affected, ETH traders were hit the hardest, with $132 million in liquidations.
The approval of Ethereum spot ETFs could generate inflows of over $500 million, as estimated by analysts. However, it may take some time for this to happen and the uptrend to begin. Some on-chain indicators suggest that Ethereum could form a base above $4,000 and continue to rise to $5,000-6,000 by August this year. Although the approval of Bitcoin ETFs has led to strong institutional inflows, it will be interesting to see if the launch of the ETH ETF will lead to greater institutional adoption.
Furrever Token: The Next Coin Game Changer Meme
Furrever Token is set to capitalize on the growing interest in meme coins with its charming cat-themed images. Currently in the final phase of its presale, the token has already raised over $1.1 million, with a goal of reaching $1.9 million before its official launch on PancakeSwap. The potential to increase in value by 1,500% post-launch positions Furrever Token as a very attractive investment. Early participants in the presale, with tokens priced at $0.000648, are expected to benefit significantly from this expected growth.
Furrever Token’s engaging approach, including cat-themed stickers, visuals and community challenges, fosters a vibrant community. Additionally, the project’s commitment to security and transparency, evidenced by its audited smart contract and one-year lock-in on team tokens, reassures investors about its long-term prospects. With nearly 4,000 active members on its Telegram channel, Furrever Token demonstrates strong community support and engagement.
As the presale ends, now is the time for investors to get involved in the Furrever Token community and potentially earn significant returns.
Visit furrevertoken.com to secure your tokens and join this exciting company. Investors interested in this opportunity are advised to contact only official support at support@furrevertoken.com to avoid possible scams.
Join the Furrever Token Presale Now:
Furrever token official website
Join the $20,000 Furrever Token Competition
Join the official Telegram group
Follow the official X account
Media Contact:
Robert Smith
https://furrevertoken.com/
support@furrevertoken.com
Disclaimer: The information provided in this press release does not constitute an investment solicitation nor is it intended to constitute investment advice, financial advice or trading advice. It is strongly recommended that you perform due diligence, including consulting a professional financial advisor, before investing in or trading cryptocurrencies and securities.
CONTACT: Robert Smith support at furrevertoken.com
