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  • Aster price retests $1.2 level as whale scoops 8.4M tokens

    Aster price retests $1.2 level as whale scoops 8.4M tokens

    ASTER Price

    • Aster price jumped 7% as bulls retested the $1.2 resistance level.
    • Technical breakout signals a potential upside continuation.
    • A whale has added to their ASTER accumulation, now holds over 8.4 million of these tokens.

    The Aster (ASTER) token has its price hovering above $1.17 as bulls look to retest the $1.2 resistance level.

    While the 7% intraday gains as of writing suggest a quiet day in Aster price movement standards, the uptick comes amid a notable strategic accumulation of 8.4 million ASTER tokens.

    Consistent buying activity, coupled with emerging technical patterns, could shape an upside explosion for the DEX token.

    Whale accumulates 8.4 million ASTER

    Recent on-chain data, highlighted in a post by Lookonchain on X reveals that the whale “ThisWillMakeYouLoveAgain” has significantly bolstered its position in Aster since November 4, 2025.

    Over this period, the entity has acquired 8.41 million ASTER tokens, purchased at an average price of $0.97 per token.

    This accumulation has yielded an unrealized profit of $1.1 million as of the latest updates.

    Per onchain data, the whale’s transaction history spans multiple deposits of USDT into the Aster platform and subsequent token purchases. It speaks of a calculated strategy.

    Notably, this investor previously realized substantial profits from trading PEPE.

    Another factor that is pulling Aster up is buybacks.

    Over the past 24 hours, ASTER token buybacks surged 50%, reaching a pace of $7,500 per minute.

    The initiative removed 2.4 million ASTER coins from circulation, valued at approximately $2.8 million, equivalent to 0.12% of the total circulating supply.

    The resulting supply reduction has provided bullish momentum for the token, with market sentiment further lifted by rumors of a potential Coinbase listing and a technical rebound that has drawn renewed interest from crypto traders.

    A lot of the wins are down to astute market timing, and having bought ASTER at lows this past few weeks, the suggestion is that the bull has fresh confidence in Aster’s potential.

    Aster price outlook amid technical breakout

    While many altcoins continue to struggle, Aster’s price has exhibited a technical pattern breakout.

    The token’s uptick and potential retest of the $1.2 level align with a breakout from a symmetrical triangle pattern on the 4-hour chart.

    If bulls close above the resistance line of the triangle and print a retest around $1.215 seen earlier, it could be indicative of a reversal from bearish to bullish momentum.

    Aster Price
    Aster price chart by TradingView

    The RSI and Chaikin Money Flow indicators further support this trend, with the former above 62 and likely to extend upward.

    The CMF metric signals consistent capital inflows and hints at an accumulation phase that could propel Aster toward higher resistance levels.

    Should the $1.2 barrier be breached, technical forecasts suggest potential targets between $1.25 and $1.50 in the near term.

    Bulls’ plans will be contingent on continued market support.

    However, with broader weakness, bears might have other plans.

    The coming days will therefore be critical in determining whether the token can sustain upside momentum above $1.2 or not. In the case of a negative flip, prices may fall to immediate support at lows of $1.08 and $0.96.

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  • Avalanche price: AVAX holds $30 level as bulls target channel breakout

    Avalanche price: AVAX holds $30 level as bulls target channel breakout

    • Avalanche (AVAX) price is in the green on Tuesday morning, with bulls hovering above the critical level of $30.
    • Most cryptocurrencies trade at key levels amid the broader market’s anticipation around the Federal Reserve’s meeting and interest rate decision.
    • Institutional interest also continues to grow, with Bitwise filing for an Avalanche spot exchange-traded fund with the US Securities and Exchange Commission.

    Avalanche price eyes breakout above $30

    While small-cap tokens like Avantis skyrocket to lead top gainers on the day, the Avalanche (AVAX) price hovers green. It currently trades as one of the top gainers among the top 20 cryptocurrencies.

    The altcoin traded around $30.50 as of writing on September 16, up 7% in the past 24 hours and an impressive +18% over the last seven days.

    It’s a performance that outpaces the global cryptocurrency market’s 1% gain and sees bulls close to the resistance line of a channel breakout.

    Trading volume has spiked to $1.18 billion, up by more than 27% in the last day to signal buying pressure.

    Avalanche price chart by TradingView

    From a technical point of view, chart patterns suggest that AVAX is on the cusp of a significant channel breakout.

    While the token has largely consolidated within a descending parallel channel, a recent uptick has bulls looking at a potential corrective pattern that could allow for a retest of $44.

    Avalanche has notably breached the critical $27 horizontal resistance level. Holding above this level and piercing the $30 barrier may allow bulls to break above the channel’s upper boundary.

    The Relative Strength Index (RSI) at 64 indicates room for gains before overbought conditions hit. A bullish outlook is also supported by the Moving Average Convergence/Divergence (MACD) on the daily chart.

    Overall, the chart structure positions AVAX favorably for a move above $30, potentially fueled by ecosystem expansions and DeFi growth.

    Bitwise AVAX ETF filing and Fed decision

    Compounding the technical optimism are recent regulatory and macroeconomic trends.

    One of these is the development that saw Bitwise Asset Management file an S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) for a spot Avalanche ETF.

    This filing, following the establishment of a statutory trust in Delaware, proposes direct exposure to AVAX through custody-held tokens, allowing investors to gain regulated access without managing wallets or private keys.

    VanEck and Grayscale are among the top issuers seeking approval for ETFs tracking the AVAX cryptocurrency. Sentiment is high amid anticipation of an SEC nod in the coming months.

    Also buoying AVAX price is expectation around the Federal Reserve’s upcoming decision on interest rates.

    The Fed meets this week and a 25 basis point cut could inject fresh liquidity into risk assets like cryptocurrencies. Avalanche’s price will rally alongside other altcoins.

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  • Tornado Cash price forecast: TORN retests key level as bulls eye $20

    Tornado Cash price forecast: TORN retests key level as bulls eye $20

    Tornado Cash

    • Tornado Cash price retests supply wall at $12 with 6% spike in the last 24 hours.
    • Overall bounce for top coins has seen TORN price rebound from lows of $11.50 to retest the key resistance area around $12.40.
    • The technical picture is bullish with TORN looking to break above a key ascending triangle pattern on the daily chart.

    Tornado Cash (TORN), the governance token for the Ethereum-based privacy protocol, recently in the headlines for a court verdict on one of its co-founders, is trading at a key level after bouncing off recent lows.

    With the broader cryptocurrency market displaying resilience, and analysts forecasting a recovery in Q4, is TORN’s price action set for further gains?

    Could bulls retest the $20 last seen in January 2025?

    Tornado Cash price retests $12 hurdle

    As cryptocurrencies struggled amid bearish pressure on Monday, Tornado Cash traded lower alongside other tokens.

    However, with top coins recouping some gains, TORN rebounded from lows of $11.50 to climb to the key resistance area around $12.40.

    Notably, this is a level that has previously provided a significant supply wall for TORN.

    A retest of the area comes with price action that mirrors that of the broader market bounce as both Bitcoin (BTC) and Ethereum (ETH) bounce to key levels after experiencing dips on Monday.

    BTC, which briefly fell below $108k, has regained ground to trade above $110k.

    Meanwhile, ETH, down from its new all-time high above $5k, has stabilised above $4,400 as bulls keep bears off.

    TORN’s upward move aligns with this renewed market optimism, as the token tests the $12.40 resistance zone.

    As noted, this level has historically acted as a barrier, having thwarted bulls in December 2024 and January 2025.

    In the past 24 hours, Tornado Cash crypto is up nearly 6%.

    However, its 24-hour trading volume is a mere $84.9k, with this up 3% from the previous day to signal minimal market activity.

    Tornado Cash price forecast: Is $20 next?

    The technical outlook for TORN is increasingly bullish, with the token forming an ascending triangle pattern on the daily chart.

    Tornado Cash chart by TradingView

    Analysts associate this pattern with potential breakouts, and the $12.40 resistance level is critical in this respect.

    If there’s a decisive close above this point, momentum could propel TORN toward the next significant resistance at $20.

    Looking at the chart, the Relative Strength Index (RSI) currently sits at 57.

    Year-to-date highs of $27 and the November 2024 peak of $39 could be the next targets.

    If TORN fails to decisively breach $12, it may retreat to the $10 support level. A robust buy zone is around $7.20.

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  • AVAX eyes $40 after key level retest

    AVAX eyes $40 after key level retest

    • Avalanche (AVAX) recently shattered a significant resistance level, rising to highs of $23.
    • The retreat from the barrier that had previously capped its upward momentum might offer bears some hope.
    • But could bulls maintain the pressure and target the key hurdle of $40 next?

    Avalanche’s recent price action follows a period of consolidation. While optimism remains, the AVAX token has dipped to near support with price around $21.

    Notably, AVAX traded in a tight range between $18 and $20.50 after bouncing off lows of $14.5 seen earlier in the month.

    The breakout to above $23 came amid Bitcoin’s spike to $94k, aligning with broader market performance. Upside momentum completed a significant recovery and formation of a potential cup and handle pattern.

    Buyer action has been accompanied by a surge in trading volume, signaling strong upward interest.

    Potential upside drivers of Avalanche price

    Market sentiment is buoyed by Avalanche’s robust fundamentals and a return to the spotlight for decentralized finance (DeFi) and gaming tokens. The Avalanche ecosystem has benefitted from this, including recent partnerships.

    Spot crypto exchange-traded fund applications and offering of other institution-focused AVAX products has bolstered the native Avalanche token. The US Securities and Exchange Commission has added to the excitement by acknowledging VanEck’s filing for a spot AVAX ETF.

    These developments provide a strong backdrop for AVAX’s price gains, as the network’s utility and scalability remain competitive in the layer-1 blockchain space.

    On-chain data provides further insight. Whale activity has increased, with large transactions spiking over the past week, suggesting accumulation by major holders. Meanwhile, the number of active addresses on the Avalanche network has risen by 15% in the last month.

    A surge above $20 could see AVAX return to above $28 and target a nearly 100% spike to above $40.

    Technical picture for AVAX price

    Bulls have to offer sustained buying pressure to break past key levels.

    Technical indicators are however bullish. The Relative Strength Index (RSI) is approaching 60, indicating growing momentum without entering overbought territory. Additionally, the Moving Average Convergence Divergence (MACD) has shown a bullish crossover, further supporting the case for continued upward movement.

    AVAX chart by TradingView

    However, challenges remain. The $23 and $28 levels, the latter coinciding with the 200-day moving average, could be a formidable resistance area.

    Avalanche’s breakout above $23 marks a pivotal moment, with technicals and fundamentals aligning for a potential rally to $40.

    While risks persist, the combination of strong network growth, bullish indicators, and increased on-chain activity positions AVAX for further gains, provided it can overcome the next resistance hurdle.

    Weakness to $20 could see AVAX price revisit the recent lows of $14.

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  • PI coin price drops 10% to key level despite major network news

    PI coin price drops 10% to key level despite major network news

    • Pi Network price has dropped nearly 10% in the past 24 hours.
    • Traders are likely to watch the $0.65-$0.75 range for signs of a breakout or further weakness.
    • Pi Network’s focus on real-world adoption positions it for long-term growth.

    Pi Network’s native token, PI, has experienced a sharp decline over the past 24 hours, falling to a critical support level despite significant ecosystem developments.

    The price drop comes as major cryptocurrencies struggle to hold onto gains.

    In the past 24 hours, PI price has dropped nearly 10% and cut weekly upside to about 14%, with the altcoin hovering near $0.66.

    Despite the expansion of the Pi Ad Network to all ecosystem dApps, Pi Network’s price is under short-term bearish sentiment.

    Tron and Cardano have also struggled, but what does this mean for the PI token?

    Key Pi Network developments

    In the past few days, Pi Network has posted notable network developments.

    It includes a major Chainlink integration that marks a pivotal step for the cryptocurrency, which brings real-time, accurate data for decentralized applications.

    For dApps, the collaboration means fresh potential for DeFi applications, prediction markets, and blockchain games, all of which could drive PI demand.

    It’s the same outlook for DeFi protocols such as lending or staking platforms.

    Meanwhile, the Pi Ad Network’s expansion to all ecosystem dApps introduces a new revenue stream for developers.

    Advertisers must purchase PI to fund campaigns, while developers earn PI through user engagement.

    Initially piloted with five apps in 2024, the Ad Network’s full rollout is expected to accelerate app development and token utility.

    However, these fundamentals aside, PI’s price action reflects market hesitation.

    PI price prediction

    Since hitting highs near $3 in February, PI has been on a steady decline.

    The token has shed significant value, with the current level about 77% of the all-time high.

    A look at the four-hour chart reveals a symmetrical triangle pattern, a technical setup often signaling consolidation before a breakout.

    Notably, this can go in either direction, and it’s downward for PI.

    Pi Network chart by TradingView

    The symmetrical triangle breakdown suggests sellers are capitalizing on uncertainty, possibly due to broader market conditions or profit-taking after earlier gains.

    It’s what likely has bears in control, a scenario that could push PI price below key levels.

    As can be seen above, the token is now testing support near $0.65. Other than the symmetrical triangle pattern, the relative strength index and the moving average convergence divergence give sellers an upper hand. The MACD indicates a recent bearish crossover, shifting short-term sentiment after a rejection around $0.75.

    If bulls fail to hold above $0.65, PI could slide toward $0.50.

    However, if bullish momentum builds, PI could break above $0.8 and rally toward $1.20 in the near term.

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  • Crypto Fear and Greed Index hits 30, lowest level in 18 months

    Crypto Fear and Greed Index hits 30, lowest level in 18 months

    • Crypto Fear and Greed Index is currently in the “fear” zone with a score of 30.
    • This is the lowest sentiment measure for Bitcoin (BTC) in nearly 18 months.

    The Crypto Fear and Greed Index, a measure of market sentiment for Bitcoin (BTC) and the broader crypto market, has dropped to 30, the lowest score it has reached in over one and half years.

    While BTC has traded lower during the current market cycle and the Crypto Fear & Greed Index has fallen into the “fear” zone, this is the first time it has done so since January last year.

    Crypto Fear & Greed Index drop to 30

    As Bitcoin price slipped below $60,000 on Monday, June 24, the index score nosedived more than 20 points to drop into the “fear” zone.

    The decline means the Bitcoin Fear & Greed Index is currently trending at levels last seen in January 2023. At the time, Bitcoin price was trading around $17,000 after the market reaction to the industry’s most shocking collapse so far – the implosion of the FTX crypto exchange.

    Crypto Fear & Greed Index score is 30, now in “Fear” zone. Source: Alternative.me

    In May this year, Bitcoin price fell to lows of $56,500 and the index’s score dipped from neutral to fear.

    A bounce in price saw sentiment improve significantly to push the Fear & Greed Index to 74. “Greed” dominated then as Bitcoin broke above $71k, but that score flipped neutral and within hours on June 24, reached the 30 mark.

    Mt. Gox repayments and German government selling

    Catalysts for the latest declines include the Mt.Gox repayments news.

    A notice on Monday indicated that the exchange will begin repaying customers who’ve waited since the 2014 hack. Mt.Gox customers will receive Bitcoin and Bitcoin Cash. 

    Over $8.5 billion worth of BTC is with the exchange’s trustee. In April, analysts at K33 Research warned that Mt.Gox’ Bitcoin repayments could impact prices.

    Also attracting negative sentiment is the selling of Bitcoin by the German government. After sending 1,700 BTC to exchanges last week, including Coinbase and Kraken, Germany is at it again. 

    On Tuesday, Lookonchain shared on-chain data tracking wallets linked to the 50,000 BTC seizure the German government made early this year. The details show another 400 BTC deposited in CEXs.

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  • Bitcoin hits $56k, its highest level since November 2021: Are we seeing $60k soon?

    Bitcoin hits $56k, its highest level since November 2021: Are we seeing $60k soon?

    Key takeaways

    • BTC rallied by nearly 10% on Monday to reach the $56k level for the first time since November 2021.

    • Bitcoin Dogs’ presale is officially closing in on the $5 million milestone.

    Bitcoin eyes the $60k resistance level after hitting $56k

    The cryptocurrency market began the week bullishly, with Bitcoin adding nearly 10% to its value on Monday. Thanks to its rally, BTC reached $56,740, its highest level since November 2021. 

    At press time, the price of Bitcoin stands at $55,850, up by more than 8% in the last 24 hours. Thanks to the recent rally, Bitcoin’s market cap has now crossed the $1.1 trillion mark for the first time in over two years.

    The world’s leading cryptocurrency by market cap will be eyeing the next resistance level at $60k if the bulls remain in control. 

    What is Bitcoin Dogs?

    With Bitcoin rallying, it is not surprising that other Bitcoin-related projects are also experiencing positive performances. One such project is Bitcoin Dogs. 

    Bitcoin Dogs is a unique project that is launching on the Bitcoin network and is seeking to leverage the blockchain’s power to provide utility to its users. It is the first BRC-20 token ICO on the Bitcoin network.

    According to their whitepaper, Bitcoin Dogs seeks to offer investors an exciting value proposition by combining the basic features of cryptocurrency, non-fungible tokens (NFTs), decentralised finance (DeFi), and Web3 culture. With this, investors and users will enjoy an immersive experience when they engage with the Bitcoin Dogs project.

    Bitcoin Dogs’ ICO comes barely a few weeks after the launch of spot Bitcoin ETFs in the US. The spot Bitcoin ETFs launched by BlackRock, Fidelity, and others are raking in record numbers as more investors buy into the Bitcoin dream. On Monday, Bitcoin spot ETF trading volume reached a new height of $2.4 billion. 

    Furthermore, the Bitcoin halving is barely two months away and is an exciting event that happens every four years. All these contribute to the special nature of Bitcoin Dogs’ ICO in the market. 

    Usually, most presales in the crypto market have been ERC-20 and BNB tokens. However, Bitcoin Dogs is setting a new trend by introducing $0DOG, its native token, as a novel BRC-20 ICO for investors on the Bitcoin blockchain. 

    Bitcoin Dogs presale approaches $5m

    The Bitcoin Dogs presale has already raised more than $4.8 million roughly three weeks after it was launched. Thus, indicating rising interest amongst investors for this project and its token. 

    Per the whitepaper, there would be 900 million $0DOG tokens minted. Investors would also have access to an exclusive NFT collection and an immersive gaming ecosystem reminiscent of popular titles like Axie Infinity and Tamagotchi.

    The team revealed that the presale will only run for a month and is already leveraging the rarity and novelty of BRC-20 to attract investors.

    While the tokens will be minted on BRC-20, investors will buy the tokens on ERC-20. They will provide a BTC wallet address and receive $0DOG tokens after paying with ERC-20 tokens. You can pay for the $0DOG token using ETH, USDT and USDC stablecoins.

    Click here to learn more about the Bitcoin Dogs presale.

    Should you invest in the Bitcoin Dogs project as BTC rallies higher?

    The cryptocurrency market has been bullish since the start of the year and BTC is taking the lead. Investors are already looking for new and exciting projects and Bitcoin Dogs could be one of the projects that is attracting interest. 

    Bitcoin is rallying at the moment and projects related to BTC could record massive gains in the coming months and years. With the right level of adoption, $0DOG could become one of the gems of this Bull Run. 

    The post Bitcoin hits $56k, its highest level since November 2021: Are we seeing $60k soon? appeared first on CoinJournal.

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  • Will it reach the $40k psychological level soon?

    Will it reach the $40k psychological level soon?

    Key takeaways

    Bitcoin eyes the $40k level

    Bitcoin, the world’s leading cryptocurrency by market cap, has been performing well over the last few weeks. It has added more than 7% to its value in the last seven days and the price of Bitcoin currently stands at $37,100 per coin.

    The broader cryptocurrency market has also been rallying, with the total crypto market cap now at $1.4 trillion mark. If the bulls remain in control, Bitcoin could test the $40k resistance level in the short term. 

    What is Memeinator?

    Bitcoin and the other major cryptocurrencies have been rallying since the start of the week. With the market experiencing a rally, investors could be looking at new projects and Memeinator is one to keep an eye on. 

    Memeinator is a Web3 project that is riding the meme coin wave and seeks to provide numerous utilities to users. The team focuses on eliminating worthless memes and improving content creation for users. 

    Memeinator also wants to become one of the top meme coins in the cryptocurrency space. The project wants to leverage AI technology to identify worthless memes, allowing investors to know them and avoid them. 

    The team pointed out that they will be working hard to ensure Memeinator reaches a $1 billion market cap in the medium term and would achieve this via massive adoption of its platform. 

    The Memeinator presale is currently in its sixth stage and the team has raised more than $1.2 million. The MMTR price began the presale at $0.01 per token, and the price will rise to $0.0485 by the end of the presale, giving early-bird investors a whopping 132% ROI at listing.

    Furthermore, the developers will launch a Memeinator game at the presale’s conclusion. The Memeinator game players will get to eliminate enemy memes to win some exciting prizes. 

    Why is the Memeinator presale attracting more investors?

    Memeinator continues to attract more investors thanks to its unique project proposition. The project is appealing to a wide range of audiences, from degens to crypto natives and speculators, giving it the opportunity to become a hit in the market. 

    The platform will use AI to analyse and evaluate memes on the internet, identifying lower-quality memes to replace or “destroy. Memeinator is also dedicated to uplifting meme culture and quality.

    Holders and network participants will be incentivized on the Memeinator network. The MMTR token has some excellent features, such as deflationary mechanisms and rewards for holders, incentivising the project for holders in the long term. 20% of the tokens are allocated for marketing, CEX listing and liquidity. 

    Click here to read more about the Memeinator presale.

    Is the Memeinator a good investment? 

    The Memeinator project has so far raised over $1.2 million since the presale began. The project is an exciting one for investors thanks to its use of AI technology to provide excellent value to investors in the medium and long term.

    The team intends to grow the project to a billion-dollar market, and early investors would record huge profits if that happens. With the right level of adoption, Memeinator could become one of the top meme tokens in the cryptocurrency ecosystem. 

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  • Can Bitcoin reclaim the $30k psychological level after yesterday’s brief rally

    Can Bitcoin reclaim the $30k psychological level after yesterday’s brief rally

     Key takeaways

    The cryptocurrency market is having a rollercoaster week so far, with Bitcoin and others experiencing mixed performances. Shiba Memu’s presale is now closing in on the $4 million mark as more investors pledge funds to the project.

    Bitcoin eyes the $30k mark 

    Bitcoin, the world’s leading cryptocurrency by market cap, briefly touched the $30k mark on Monday following a false news report. CoinTelegraph and some crypto media outlets reported that the spot Bitcoin ETF filed by BlackRock was approved by the US SEC.

    The news sent Bitcoin racing past the $30k mark on Monday. However, BlackRock later came out to debunk the report, revealing that the SEC is still reviewing its Bitcoin ETF proposal. 

    Bitcoin has now settled around the $28k level. At press time, the price of Bitcoin stands at $28,416 per coin. The bulls are still in charge and could push BTC’s price towards the $30k psychological level in the near term. 

    What is Shiba Memu?

    Shiba Memu is a cryptocurrency project that continues to gather interest among investors thanks to its unique proposition.  As a Web3 project, Shiba Memu intends to combine the powers of blockchain technology and artificial intelligence to make it easier for individuals and entities to carry out market campaigns.

    Shiba Memu is a meme token project that intends to offer a wide range of use cases to marketers. The platform can carry out various activities, including content creation, marketing, social media advertisement, and creative advertisement. 

    As an AI-powered project, Shiba Memu will work all day long to identify the best creative adverts and improve on them to provide superior content marketing services to users. 

    Shiba Memu’s launching as a meme token comes as it seeks to leverage the popularity wave of meme coin projects in recent years. This is strengthened by the fact that within two years, meme coins saw their market caps grow from practically $0 to $35 billion in 2023. 

    However, Shiba Memu will differ from other meme tokens by providing various use cases to users. Shiba Memu is launching with real-world use cases and would allow users to create marketing strategies, roll out PR schedules, and promote campaigns on relevant forums and social media platforms. 

    Currently, the project is available on the Ethereum and BNBChain blockchains. 

    Shiba Memu’s presale closes in on the $4 milestone

    The cryptocurrency market is experiencing a rollercoaster performance this week, with most coins and tokens currently in the green zone. 

    Shiba Memu has continued its excellent presale performance, and the team has now raised roughly $3.9 million. This means that Shiba Memu has added more than $200k in less than a week. 

    With the funds raised during the various presale stages, Shiba Memu will develop its products and services. The team will focus mostly on the development of the Shiba Memu AI technology. 

    The Shiba Memu platform will also have a robotastic dashboard, allowing users to interact with the AI, provide feedback, make suggestions, ask questions, and more.

    Click here to find out more about Shiba Memu’s presale event.

    Shiba Memu price prediction

    Shiba Memu is still in its presale stage, and this makes it impossible to predict its price in the short and medium terms. However, at the moment,  1 SHMU = 0.034525 USDT USDT. The token’s price increases every day at 6 pm GMT and is set to trade at 0.034750 USDT per token in a few hours. 

    During the first presale stage, SHMU was trading at $0.011125, and it has seen a remarkable increase in price since then. The SHMU token can be purchased using Ethereum, USDT, BNB and BUSD

    Should you buy Shiba Memu now?

    The decision to purchase SHMU belongs to the investors. However, Shiba Memu has the potential to become one of the top meme projects in the world, thanks to its utility in the market industry. By combining AI and blockchain technologies, Shiba Memu could gain massive adoption in the marketing world. 

    At the moment, SHMU is going for a discount price as the project is still in its presale stage. With the right level of adoption and a possible crypto bull market on the horizon, SHMU’s price could rally higher in the medium to long term. 

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  • Bitcoin’s dominance level now above 50% as altcoins underperform

    Bitcoin’s dominance level now above 50% as altcoins underperform

    Key takeaways

    • Bitcoin’s market dominance now stands above 50% as Ether and other major altcoins underperform.

    • The broader crypto market is currently bearish due to the geopolitical uncertainty in the Middle East.

    Bitcoin’s market dominance now stands at 50.3%

    Bitcoin, the world’s leading cryptocurrency by market cap, has seen its market dominance increase in recent years. BTC’s market dominance now stands at 50.3%, a three-month high for the cryptocurrency.

    This latest cryptocurrency news comes as Ether and other major cryptocurrencies have underperformed in recent days. Ether has seen its market dominance decline from 19% to around 17% over the last few months. 

    Ether’s market dominance has been declining despite the Ethereum Merge upgrade going live a few months ago. Ether has underperformed compared to Bitcoin since Ethereum transitioned into a proof-of-stake protocol. 

    Altcoins have been facing massive pressure from sellers in recent days. However, analysts believe that Bitcoin held its support above $27k.

    If Bitcoin breaks past the $28k resistance level, it might rally above the $30k level in the near term.

    Altcoins might face further selling pressure in the short term if the current trend is sustained. BNB and XRP have maintained their market dominance level of around 3% and 25%, respectively, over the past six months. 

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