Bitcoin
The advance of Bitcoin, the growth of Ethereum and the promising launch of Furrever Token
Furrever Token
New York City, NY, June 10, 2024 (GLOBE NEWSWIRE) –
The cryptocurrency market is experiencing a sharp rise as Bitcoin, Ethereum and the newly introduced Furrever Token make significant advances. This trifecta of digital assets is creating buzz among investors, each offering unique opportunities and showing promising growth trajectories.
The Bitcoin Breakout: A Bull Run
Bitcoin, the leading cryptocurrency by market capitalization, is once again in the spotlight with a remarkable advance. Recent activity has seen Bitcoin recover and stabilize around the $69,000 mark, driven by substantial whale activity. High-net-worth investors opened huge long positions, indicating strong confidence in Bitcoin’s potential for further gains. This bullish sentiment is supported by record open interest rates and mortgage rates, suggesting the market is primed for a continued upward move.
Historical data shows that Bitcoin often experiences significant price appreciation following these bullish patterns, making it an attractive option for both new and experienced investors. As Bitcoin continues to lead the market, its influence on the broader cryptocurrency ecosystem remains unparalleled, driving multiple digital assets forward.
Ethereum Growth: Innovation and Expansion
Ethereum, the second largest cryptocurrency by market cap, is also witnessing impressive growth. Known for its robust smart contract capabilities and vast ecosystem of decentralized applications (dApps), Ethereum continues to innovate and expand. The recent approval of Ethereum ETFs has further fueled optimism, attracting institutional investors and improving market stability.
The transition from Ethereum to Ethereum 2.0, which aims to improve scalability and reduce energy consumption, is a significant milestone. This upgrade is expected to improve network performance and security, making Ethereum an even more attractive platform for developers and users. The growing adoption of Ethereum-based DeFi applications and NFTs (non-fungible tokens) further cements its position as a leader in the blockchain space.
Furrever Token: An Extravagant Revolution in Cryptography
Amidst the excitement surrounding Bitcoin and Ethereum, Furrever Token (FURR) is carving out its own unique niche. Unlike traditional cryptocurrencies, Furrever Token infuses the crypto world with a fun and soulful twist. Centered around images of adorable cats, Furrever Token aims to create an engaging and fun ecosystem that appeals to crypto enthusiasts and cat lovers alike.
The story continues
A charming concept
Furrever Token stands out for its focus on cuteness and community. The platform features cat-themed stickers, emojis, and visuals that enhance user interaction and foster a sense of camaraderie among holders. This extravagant approach not only differentiates Furrever Token from other digital assets, but also creates a loyal and enthusiastic user base.
Robust Tokenomics and Community Engagement
Furrever Token’s tokenomics are meticulously crafted to support its long-term vision. With a total supply of 9 billion tokens, the distribution includes 65% available in pre-sale, 25% allocated to decentralized exchanges (DEXs) and 10% reserved for the team, locked for one year to ensure project stability and trust. This careful allocation aims to balance initial affordability with sustained growth potential.
Community involvement is at the core of Furrever Token. By empowering early adopters as moderators, the project promotes organic growth and meaningful engagement. This strategy has already attracted around 4,000 active members on Telegram, demonstrating the strong interest and participation in the Furrever ecosystem.
Promising pre-sale and future prospects
Furrever Token has raised more than US$1.3 million and is in the ninth stage of its pre-sale, targeting a total of US$1.9 million. The upcoming token launch on PancakeSwap offers returns of up to 15X for early investors, creating significant buzz and FOMO (fear of missing out) within the crypto community. With a current price of $0.000732, FURR presents an attractive opportunity for those looking to invest early in a unique and promising project.
Ensuring Security and Trust
Security and transparency are fundamental to Furrever Token. The project’s smart contract has been audited by Securi Lab, providing an additional layer of assurance to investors. Although the team remains anonymous – a common practice in the crypto world – they have implemented measures such as locking their tokens for a year to build trust and demonstrate commitment to the success of the project.
Conclusion
As Bitcoin and Ethereum continue to lead the cryptocurrency market with their impressive advancements and sustained growth, Furrever Token is set to be the next big thing with its unique and extravagant approach. With strong tokenomics, community engagement, and promising pre-sale performance, Furrever Token offers a refreshing and potentially lucrative opportunity for investors. The combined momentum of these digital assets underlines the dynamic and exciting nature of the crypto market. For more information, visit the official Furrever Token website.
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@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
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.
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.
Bitcoin
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’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.
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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