The Good Tech Companies - Ethereum Wavers with a Volume Drop, Shiba Inu Soars by 164%, & Furrever Token Over $1M in Presales

Starting point is 00:00:00 This audio is presented by Hacker Noon, where anyone can learn anything about any technology. Ethereum waivers with a volume drop, Shiba Inu soars by 164%, and Forever Token over $1 million in pre-sales. By ZEX Media. The cryptocurrency landscape continues to evolve with contrasting trends across various tokens. Ethereum, ETH, is grappling with a dip in trading volume despite recent price gains, while Shiba Inu, SHIB, celebrates a significant rise, and Forever Token, FER, captivates the market with a successful pre-sale, illustrating the varied trajectories

Starting point is 00:00:37 and potential within the crypto sector. Ethereum's, ETH, stability in question as trading volume dips despite surpassing $3,000. Despite recently crossing the $3,000 threshold and moving past the 100 EMA on the ETH USD chart, Ethereum faces uncertain prospects due to a significant drop in trading volume. This decline in volume is a concerning indicator that casts doubt on the sustainability of the recent price surge. Ethereum is currently struggling to break through the 26 EMA, a critical short-term moving average that has become a formidable barrier. If Ethereum can successfully navigate past this resistance, it could aim for higher levels, potentially reaching around $3,236. Conversely,

Starting point is 00:01:23 failure to surpass this point could result in a fallback to lower support levels, with a possible dip to around $2,890. The future trajectory of Ethereum heavily depends on its trading volume. Increased volume is essential for confirming market trends and demonstrating buyer commitment. Presently, the low trading volume suggests a lack of robust market support for the price rise. Without a significant uptick low trading volume suggests a lack of robust market support for the price rise. Without a significant uptick in trading volume and market liquidity, Ethereum's ability to sustain its position above $3,000 could be jeopardized, threatening any further price advancements. Shiba Inu's SHIB

Starting point is 00:01:59 Remarkable journey from meancoin to a prominent crypto asset Shiba Inu, once known primarily as a meancoin, has recently taken significant strides that signal its evolving role in the cryptocurrency market. The project announced a successful fundraising effort, securing $12 million from several high-profile institutional investors. This funding is designated to develop TREAT, a privacy layer aimed at boosting user confidentiality and security within the Shiba Inu ecosystem. The initiative to enhance privacy through TREAT involves implementing Fully Homomorphic Encryption, FHE, a cutting-edge technology provided by Zama

Starting point is 00:02:36 AI. This encryption allows for computations on encrypted data without exposing the data itself, paving the way for potential transformations in sectors like encrypted lending platforms, tokenized asset exchanges, and encrypted machine learning models. Shiba Inu's growth trajectory over the past year has been impressive, marked BYA 164% increase in its value. This growth is accompanied by the launch of SHIB domains and the expansion of Shibarium, its Layer 2 scaling solution, which now serves over 1 million users. Recent on-chain data highlights extensive whale activity within the Shiba Inu network, with more than 3.19 trillion SHIB, valued at approximately $82.49 million, moved in just 24

Starting point is 00:03:22 hours. This includes significant transactions involving large amounts of SHIB moving to and from exchanges, indicating a dynamic and active trading environment. Despite some concerns about potential sell-offs by large holders, Shiba Inu's market value has continued to climb, showing a 6.65% increase in the last 12 hours and a 16% rise over the past week. The increasing number of Shiba Inu holders, now exceeding 1.4 million, reflects growing trust and interest in its potential as a stable and valuable digital asset. Moreover, the SHIB team has proactively established support clusters at strategic

Starting point is 00:04:01 price points to mitigate potential volatility. These clusters serve as psychological markers where significant buying could potentially reignite, supporting the coin's price during market dips. Shiba Inu's evolution from a playful mean coin to a serious contender in the crypto space is underscored by its recent developments, robust community support, and promising technological advancements, positioning it as a potential millionaire maker in the evolving digital asset landscape. NN Forever Token, FR, a charming new player in the crypto arena. Forever Token, FR, has burst onto the crypto scene, quickly distinguishing itself from established memecoins like Dogecoin, Doge, and Shiba Inu, SHIB, with its endearing, kitty-themed appeal.

Starting point is 00:04:48 This token not only offers a heartwarming experience centered around the universal charm of adorable cats but also aims to bring a fresh wave of cuteness to the cryptocurrency space. Forever Token is strategically positioned to foster project growth and sustainability with its token distribution. 65% of its tokens were made available during the pre-sale, and a significant 10% is locked for the team, underlining the project's long-term commitment. This approach has already attracted considerable investment, with the project raising over $1 million, reflecting strong investor confidence in its unique vision. The project emphasizes security and compliance,

Starting point is 00:05:25 with thorough audits by SecuriLab enhancing its credibility in the market. Moreover, Forever Token has cultivated a warm and engaging community atmosphere, boasting nearly 4,000 active members on Telegram. This sense of community makes Forever Token more than just a cryptocurrency, it's a movement towards a more delightful and engaging crypto experience. As the pre-sale phase concludes and Forever Token prepares for its pancake swap debut, anticipation is building within the crypto community about the impact this enchanting token will have. With potential returns of up to 15x and a current price of $0.000648, Forever Token stands ready to capture the hearts and wallets of crypto enthusiasts and investors, offering a cheerful alternative to more traditional memecoins.

Starting point is 00:06:11 For further information or any assistance regarding Forever Token, reach out only through the official channel at support at forevertoken.com to avoid potential scams. Discover the most exclusive pre-sale opportunity of 2024 now. NN Forever Token Official Website. Visit Forever Token Pre-Sale. NN Join Official Telegram Group. Follow Official X Account. Info This story was distributed as a release by ZEX Media under HackerNoon's brand as an author program. Learn more about the program here. Thank you for listening to this hackernoon story read by artificial intelligence visit hackernoon.com to read write learn and publish

The Good Tech Companies - Ethereum Wavers with a Volume Drop, Shiba Inu Soars by 164%, & Furrever Token Over $1M in Presales

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