Bitcoin

How Ethereum and Furrever Token Fit into the Picture

Published

11 months ago

7 June, 2024

SatoshiTimes Staff

Furrever Token

New York City, NY, June 7, 2024 (GLOBE NEWSWIRE) –

The cryptocurrency market is buzzing with excitement following a bold prediction from Robert Kiyosaki, the renowned author of “Rich Dad, Poor Dad”. Kiyosaki predicts that Bitcoin (BTC) will reach $100,000 by June 2024. This optimistic outlook has sparked widespread interest and speculation within the crypto community, highlighting Bitcoin’s potential and drawing attention to other significant cryptocurrencies like Ethereum (ETH) and Furrever Token (FURR). Here’s a detailed look at how these three cryptocurrencies fit into the evolving market landscape.

Bitcoin: the path to $100,000

Kiyosaki’s prediction is based on several key factors that suggest a strong upward trajectory for Bitcoin. In early June 2024, Bitcoin traded near $68,500, with technical analysis indicating a symmetrical triangle pattern that could push its price to between $74,000 and $75,000. This bullish continuation pattern, coupled with an increase in Bitcoin ETF flows and post-halving supply dynamics, supports a potential breakout.

Furthermore, Kiyosaki’s prediction is supported by historical trends and macroeconomic conditions. He emphasized Bitcoin as a hedge against inflation, taxation and stock market manipulation, urging investors to trust assets such as gold, silver and Bitcoin. The recent approval of Bitcoin ETFs has further fueled market optimism, attracting substantial buy-side demand and reinforcing the cryptocurrency’s upward momentum.

Ethereum: riding the wave of innovation

While Bitcoin makes headlines with its dramatic price predictions, Ethereum remains a cornerstone of the cryptocurrency market due to its versatile blockchain technology and widespread adoption. Ethereum’s recent price movements and potential ETF approvals are significant developments that could impact its market performance.

In late May 2024, BlackRock updated its Form S-1 for the iShares Ethereum Trust, signaling a likely approval of Ethereum ETFs in late June. Such a development would increase investor confidence and likely lead to an increase in demand for ETH, mirroring the positive effects seen with Bitcoin ETFs. Ethereum’s utility in decentralized applications (DApps) and smart contracts continues to drive its adoption, positioning it as a critical player in the crypto space.

Furthermore, Ethereum’s transition to a proof-of-stake (PoS) consensus mechanism through the Ethereum 2.0 upgrade has significantly reduced its energy consumption and increased its scalability. These advancements are expected to increase Ethereum’s appeal to institutional and retail investors, further solidifying its market position alongside Bitcoin.

The story continues

Furrever Token: a charming new competitor

Amid the buzz surrounding Bitcoin and Ethereum, Furrever Token (FURR) is making noise as an emerging meme coin with a unique proposition. Launched with the aim of creating an exciting crypto ecosystem centered around images of adorable cats, Furrever Token quickly attracted the attention of investors seeking high returns and community engagement.

Currently priced at US$0.000732, the Furrever Token pre-sale has already raised more than US$1.2 million. The project offers a 25% bonus on new purchases until June 10, 2024, providing an attractive entry point for new investors. With its potential for returns of up to 15X, Furrever Token appeals to seasoned crypto enthusiasts and newcomers alike.

Several factors contribute to the potential success of Furrever Token. Its engaging community initiatives, regular challenges, and exclusive content are designed to foster loyalty and active participation. The token’s focus on cuteness and fun sets it apart in a market often dominated by technical and financial considerations, offering a refreshing alternative for investors.

The synergy between Bitcoin, Ethereum and Furrever Token

The interaction between these three cryptocurrencies highlights the diverse opportunities in the crypto market. Bitcoin’s role as a store of value and hedge against macroeconomic risks, along with its significant market movements, sets the stage for broader market trends. Ethereum’s continued innovations and potential ETF approval underscore its critical role in blockchain technology and decentralized finance (DeFi).

Furrever Token, while distinct in its approach, capitalizes on the growing interest in meme coins and community-driven projects. Its unique appeal and structured incentives make it an attractive investment, especially in a market environment where investor sentiment can be significantly influenced by novelty and involvement.

Conclusion

Robert Kiyosaki’s prediction that Bitcoin would reach $100,000 by June 2024 has undoubtedly intensified interest in the cryptocurrency market. As Bitcoin continues its uptrend, Ethereum’s technological advancements and potential ETF approval position it for significant growth. Meanwhile, Furrever Token offers a unique and engaging investment opportunity with its charming community-focused approach.

For investors, this trio represents a balanced portfolio: Bitcoin for long-term stability and growth, Ethereum for innovation and utility, and Furrever Token for high-risk, high-reward potential. As always, thorough research and consideration of individual risk tolerance are essential when navigating the dynamic world of cryptocurrencies.

Join the Furrever Token presale now:

Furrever Token official website
Visit the Furrever Token pre-sale
Join the official Telegram group
Follow the official account

Media Contact:
Robert Smith
https://furrevertoken.com/
support (at) furrevertoken.com

Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice or trading advice. It is highly recommended that you practice due diligence, including consulting with a professional financial advisor, before investing or trading cryptocurrencies and securities.

CONTACT: Robert Smith support (at) furrevertoken.com

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SatoshiTimes Staff

We are the editorial team of SatoshiTimes, where seriousness meets clarity in cryptocurrency analysis. With a robust team of finance and blockchain technology experts, we are dedicated to meticulously exploring complex crypto markets with detailed assessments and an unbiased approach. Our mission is to democratize access to knowledge of emerging financial technologies, ensuring they are understandable and accessible to all. In every article on SatoshiTimes, we strive to provide content that not only educates, but also empowers our readers, facilitating their integration into the financial digital age.

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Bitcoin

What to watch for in the markets

Published

9 months ago

21 July, 2024

SatoshiTimes Staff

Photo: Andrew Harnik (Getty Images)

After witnessing one of the largest global IT outages on record, affecting the travel, finance and healthcare sectors worldwideThis week is set to see more political drama, events, and earnings reports from tech giants.

Donald Trump’s ‘Lovefest’ Sets Jamie Dimon Up for Consideration for Treasury Secretary Job

Let’s take a look at what awaits us:

Major companies will release their earnings reports

Major tech companies and others will release their earnings reports this week, paving the way for what the second half of 2024 will look like.

Monday

Verizon will report earnings before the start of operations.

Tuesday

Coca-Cola, Comcast and UPS are all set to report earnings before the market opens.
Tesla will report earnings in the morning, while General Motors will report earnings in the evening.
Alphabet and Visa will report results after the market closes.

Wednesday

AT&T will release its report before the market opens.
Ford and Chipotle will report earnings after the market closes.

Thursday

Earnings reports from AstraZeneca, American Airlines and Southwest Airlines will be released before the market opens.

Trump to speak at Bitcoin conference

Presumptive Republican presidential nominee Donald Trump will speak at the next Bitcoin Conference in Nashville, Tennesseewhich is scheduled for July 25-27. While this is the first time a presidential candidate will attend the conference, it has sparked a debate over whether the crypto-friendly Trump will receive support from the crypto community in the upcoming election.

In addition to Trump, independent presidential candidate Robert F. Kennedy Jr. will also discuss crypto during the conference. Crypto advocates such as ARK Investment’s Cathie Wood, MicroStrategy’s Michael Saylor, and whistleblower Edward Snowden are among some prominent names who will be participating in the conference.

Ether ETFs are on the way

New Ether Spot ETFs are set to begin trading on Tuesday, July 23. Much like the spot Bitcoin ETFs, these ETFs will allow investors to buy the second most popular cryptocurrency like stocks. BlackRock, Ark Invest/21Shares, VanEck, Grayscale, Fidelity, Bitwise, Franklin Templeton, and Invesco/Galaxy Digital are all set to offer Ether ETFs. Crypto asset manager Bitwise predict that trading in the Ether ETF will drive the price of Ether higher, potentially surpassing $5,000.

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Bitcoin

Cryptocurrency’s Biggest Winners and Losers in a Second Trump Presidency

Published

9 months ago

21 July, 2024

SatoshiTimes Staff

Cryptocurrency’s Biggest Winners and Losers in a Second Trump Presidency

Bitcoin miners and cryptocurrency companies that have been blocked from going public in the U.S. could ultimately be the biggest winners in the digital asset world under a second Donald Trump presidency. Foreign companies at risk of losing market share could end up being the biggest losers.

That’s the view that’s taking hold among market participants and observers in the wake of the former president’s growing embrace of cryptocurrency as his chances of election grow. survey released Thursday by CBS News showed Trump with the majority — 52 percent — of likely voters in his likely November rematch with President Joe Biden.

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Bitcoin

Bitcoin, Ethereum, Solana and Cryptocurrency Markets Look Ready to ‘Send’ as Stars Align, According to Investor Chris Burniske

Published

9 months ago

21 July, 2024

SatoshiTimes Staff

Bitcoin, Ethereum, Solana and Cryptocurrency Markets Look Ready to ‘Send’ as Stars Align, According to Investor Chris Burniske

Cryptocurrency investor Chris Burniske says Bitcoin (BTC), Ethereum (ETH), Solana (SUN) and the cryptocurrency market in general seem poised for a run.

Former Head of Cryptocurrency at ARK Invest account his 292,200 followers on social media platform X that several catalysts are aligning, suggesting that digital asset markets are on the verge of a bull run.

According to Burniske, a partner at venture capital firm Placeholder, the highly anticipated launch of Ethereum-based exchange-traded funds (ETFs), Republican presidential candidate Donald Trump speaking at an upcoming Bitcoin event, and the current state of the BTC, ETH, and SOL charts all suggest significant optimism for the cryptocurrency markets.

“With ETH ETFs set to go live, Trump speaking at The Bitcoin Conference, and BTC, ETH, and SOL charts looking [they do] (while stocks are weak), it’s hard to imagine a world where we don’t ship next week.”

Reuters recently reported that preliminary approval for ETH ETFs has been granted as the Bitcoin Conference is scheduled to take place from July 25-27.

BTC, ETH, and SOL are trading at $67,333, $3,528, and $174 at the time of writing, respectively.

The venture capitalist too provides an update on his prediction that the total crypto market cap will eventually hit $10 trillion. According to his chart, the path to $10 trillion is currently “23%” complete, as it sits around $2.2 trillion.

Source: Chris BurniskeX

Earlier this month, Burniske he said in an interview with Real Vision CEO Raoul Paul that he has his eye on the Move ecosystem, which was originally built by social media giant Meta and then used to develop layer 1 blockchains Sui (IUE) and Apts (APT).

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Bitcoin

Here’s the next target for BTC before bulls can hold out for $70K

Published

9 months ago

21 July, 2024

SatoshiTimes Staff

Here’s the next target for BTC before bulls can hold out for $70K

Bitcoin’s recovery is going well, and the market is seemingly poised to create a new all-time high in the near term.

Technical analysis

Per NegotiationRage

The daily chart

As the daily chart shows, the price of Bitcoin has been rising since it broke above the 200-day moving average.

The market has also reclaimed the $60K and $65K levels and is moving towards the $68K resistance zone, which could be the last hurdle before creating a new all-time high. With the RSI also indicating that the price has clear bullish momentum, it could be just a matter of time.

Source: TradingView

The 4-hour chart

Looking at the 4-hour chart, it is evident that the price has been rising rapidly since breaking the downtrend line to the upside. The market also broke the $65K resistance level with momentum, turning it into a support.

While almost everything points to a new record high in the coming weeks, there is one worrying sign. The RSI is showing a clear bearish divergence between recent price highs, which could indicate a correction or even a reversal in the near term.

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Cryptocurrency Charts by TradingView.

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