Bitcoin

Top 3 cryptocurrencies to invest in now, according to Reddit: Bitcoin, Ethereum, Furrever Token

Published

9 months ago

10 May, 2024

SatoshiTimes Staff

Furrever Token

New York, NY, May 10, 2024 (GLOBE NEWSWIRE) –

Amid the decline of Bitcoin and Ethereum, Furrever Token comes up with an attractive proposal: a $20,000 draw for a limited time. This offering presents a unique opportunity for investors looking to diversify their portfolios and capitalize on potential gains. As the crypto market experiences turmoil, the Furrever Token offering stands out as a beacon of opportunity, offering participants the chance to earn substantial rewards as industry giants face downward trends.

Bitcoin Social Activity Declines Amid Market Volatility

Bitcoin (BTC) is currently priced at around $60,991.88, reflecting a 2.3% drop from yesterday’s rates. Recent data reveals that Bitcoin has suffered a notable decline in social activity, marking its lowest level of engagement this year. Despite this recession, Bitcoin maintains a significant presence in discussions within the crypto space, indicating continued engagement and participation.

The decrease in social activity around Bitcoin is attributed to its recent struggles to maintain the $61,000 price range. Social metrics, however, show that Bitcoin continues to dominate discussions in the cryptocurrency space. BTC’s social dominance remains in the 26% range, with a slight change from 26.21% to 26.42%. The May 8 Social Volume concluded with a count of 4,622, suggesting that Bitcoin maintains a substantial presence in cryptocurrency discussions despite the reported decline in social activity.

Additionally, Bitcoin’s 24-hour active address chart indicates a recent decline compared to activity levels seen at the beginning of the month and the previous month. However, with around 721,000 active addresses as of this writing, Bitcoin continues to demonstrate significant activity on its network despite the recent market crash.

Ethereum Faces Regulatory Hurdles: Still in Decline

Ethereum (ETH) is currently priced at around US$2,971.87, maintaining stability with a slight drop compared to yesterday’s prices. However, regulatory challenges loom large for the popular cryptocurrency. On May 6, 2024, the United States Securities and Exchange Commission (SEC) announced a delay in its decision on the proposed rule change for listing and trading shares of the Invesco Galaxy Ethereum ETF. This delay highlights the uncertainty surrounding the approval of spot Ether ETFs, as the SEC persists in viewing Ethereum as a security.

Despite resistance from entities like Consensys, which advocates classifying Ethereum as a global computing platform similar to commodities like Bitcoin and Gold, the SEC remains firm in its stance. John Reed Stark, senior law professor and former head of Internet enforcement at the SEC, emphasized the regulator’s commitment to protecting crypto investors from predatory practices during his testimony before the U.S. House of Representatives Committee on Financial Services.

The story continues

Amid speculation surrounding Ethereum’s price action, the cryptocurrency has recovered approximately 3% over the past week, trading around $3,070 on Monday. However, Ethereum faces a technical challenge as it targets an all-time high (ATH) in the coming weeks, depending on a consistent close above $3,380. Additionally, the daily 50 MA serves as a formidable resistance level, adding complexity to Ethereum’s price trajectory amid regulatory uncertainty.

Furrever Token (FURR) aims to attract more investors with $20,000 offering

Furrever Token it is not an ordinary cryptocurrency. It’s a breath of fresh air in the crypto world, infusing irresistible cuteness into every aspect of its platform. With its adorable stickers and cat-themed visuals, Furrever Token offers users an enchanting and enchanting experience, creating a whimsical and heartwarming crypto ecosystem.

In addition to its enchanting features, Furrever Token has seen remarkable success with its recent pre-sale, raising over $1 million in just two months. This impressive achievement is a testament to the platform’s growing popularity and investor confidence.

But the excitement doesn’t stop there. Furrever Token recently announced a limited-time competition that has the crypto community buzzing with anticipation. From May 9, 2024, 5pm UTC+0 to May 27, 2024, 12pm UTC+0, this competition offers participants the chance to win substantial prizes based on total purchases during the specified period. With a whopping $20,000 up for grabs, competition prizes range from $1,000 to $5,000, attracting investors looking to capitalize on this unique opportunity. This competition not only adds an extra layer of excitement to the Furrever Token ecosystem, but also serves as a smart marketing tactic to increase awareness and engagement with the platform.

Additionally, Furrever Token offers the potential for significant returns, with promises of up to 15X returns for investors. With its current price reflecting its promising prospects, Furrever Token presents an attractive investment opportunity for experienced investors and newcomers alike.

In summary, Furrever Token stands out in the crypto scene with its enchanting features, successful pre-sale, and attractive limited-time competition. As it continues to win the hearts of investors and cat lovers alike, Furrever Token is poised for continued success in the cryptocurrency world.

Join the Furrever Token presale now:
Furrever Token official website
Enter the $20,000 Furrever Token Giveaway
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

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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

6 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

6 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

6 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

6 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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