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The Furrever token is set to reach Bitcoin and Ethereum-level ROI in 2024
Furrever token
New York City, NY, May 26, 2024 (GLOBE NEWSWIRE) —
Bitcoin (BTC) fell below $68,000, trading at $67,183 a decline of 3% in the past 24 hours, raising concerns about a potential downtrend. In the meantime, Ethereum (ETH) remains stagnant at $3,800 despite the approval of eight spot Ethereum ETFs, without showing any significant uptrend. On the other hand, Furrever Token (FURR) captivates investors with its promising pre-sale, a raise of almost $1.1 million and a potential 1500% increase in value after launch.
BTC drops below $68,000: will the decline persist?
Investors and traders are showing new interest especially in Bitcoin strategies now that its current position and price fluctuations are driving this new wave. Bitcoin, which was trading at $/$67,183, started to decline by 3.3% in the last 24 hours, has a transaction volume of $36, a monthly volatility of 4%, an average monthly price of $350 and a yield year to date. by 19%. 7 billion.
Analyzing the global market, it is possible to say that playing a Capstone project budget of $1. 2.3 D It is worth mentioning that bitcoin remains the most valuable coin in the cryptocurrency market with a value of more than 3 trillion. Bitcoin (BTC/USD) fell 3% to 67,183 from today’s price. Analyzing the overall price fluctuations of this token, users will observe that in the last 24 hours, a 3% price swing indicates a bearish trend. However, these figures of $68,263, especially underlining the pivot point, belong to the direction of the current rising trend.
The 50-day exponential moving average (EMA) is at $68,615, forming a resistance level near the pivot point. Technically, Bitcoin is trading below the pivot point, indicating a potential downtrend. As an entry strategy, it may be advisable to sell below $68,263, aiming for a take profit level of $66,357 and setting the stop loss at $70,029. This strategy can allow investors to take advantage of possible further declines while managing risk.
How did the price of Ethereum react after the approval: did the expected rise arrive?
Following the approval of eight spot Ethereum ETFs by the SEC last night, the price of ETH remained stagnant at $3,800 and showed no signs of a significant uptrend. Despite this, ETH saw a significant increase of over 30% last week. Investors are currently taking a cautious stance and are watching to see if this development will result in a “news sell” event.
Before the US SEC announced its decision to approve the Ethereum ETF, the price of ETH experienced some strong fluctuations. In the tense hours before the official approval, ETH initially fell to $3,500 during the traditional US market close. It later approached $3,900 after initial unconfirmed reports surfaced indicating confirmation, and eventually settled above $3,800 following confirmation. In the midst of these huge price swings, a whale was discovered to have made a jaw-dropping sale of 7,900 ETH worth $29 million.
The story continues
During the turbulent period, liquidation of leveraged crypto derivatives positions reached more than $350 million on the day, the highest figure since May 1, according to CoinGlass data. Most of these liquidated positions were long positions involving price increases and amounted to approximately $250 million. This shows that traders who had over-leveraged were surprised by the sudden drop in prices. Of those affected, ETH traders bore the brunt, with liquidations of $132 million.
The approval of Ethereum spot ETFs could bring inflows of more than $500 million, according to analyst estimates. However, it may take some time for this to happen and the uptrend to begin. Some on-chain indicators suggest that Ethereum could form a base above $4,000 and continue to rise to $5,000-6,000 by August this year. While the approval of Bitcoin ETFs has led to strong institutional inflows, it will be interesting to see whether the launch of the ETH ETF will lead to greater institutional adoption.
Furrever Token: The upcoming game changer in meme coins
Furrever token is poised to capitalize on the growing interest in meme coins with its charming feline-themed images. Currently in the final stage of its pre-sale, the token has already raised over $1.1 million, aiming to reach $1.9 million before the official launch on PancakeSwap. The potential for a 1500% increase in value after launch positions Furrever Token as a very attractive investment. Early participants in the presale, with tokens priced at $0.000648, will benefit greatly from this expected growth.
Furrever Token’s engaging approach, with cat-themed stickers, visuals and community challenges, fosters a vibrant community. Furthermore, the project’s commitment to security and transparency, highlighted by its audited smart contract and one-year lock on the team’s tokens, reassures investors of its long-term prospects. With nearly 4,000 active members on its Telegram channel, Furrever Token demonstrates solid community support and involvement.
With the pre-sale concluded, now is an opportune time for investors to engage in the Furrever token community and achieve potentially significant returns.
Visit furrevertoken.com to secure your tokens and join this exciting venture. Investors interested in this opportunity are advised to only contact official support at support@furrevertoken.com to avoid potential scams.
Join the Furrever token presale now:
Official website of the Furrever token
Enter the $20,000 Furrever Token Giveaway
Join the official Telegram group
Follow the official X account
Media contact:
Roberto Smith
https://furrevertoken.com/
support@furrevertoken.com
Disclaimer: The information provided in this press release does not constitute a solicitation for investment, nor is it intended as investment advice, financial advice or business advice. We strongly recommend that you practice due diligence, including consulting with a professional financial advisor, before investing in or trading cryptocurrencies and securities.
CONTACT: Robert Smith support at furrevertoken.com
