The Furrever token is expected to achieve Bitcoin and Ethereum-level ROI in 2024.
Bitcoin (BTC) It fell below $68,000 and is trading at $67,183, down 3% in the last 24 hours, raising concerns about a potential downtrend. meantime, Ethereum (ETH) Despite the approval of eight spot Ethereum ETFs, it is stuck at $3,800, showing no significant upward trend. on the other side, Furever Token (FURR) It is attracting investors with promising pre-sales of approximately $1.1 million and the potential for a 1500% increase in value after launch.
BTC falls below $68,000 – will the decline continue?
Investors and traders are seeing renewed interest in Bitcoin strategies in particular, as current positions and price movements are driving this new wave of discovery. Bitcoin, which was trading at $/$67,183, began to decline by 3.3% in the last 24 hours, with a trading volume of $36, monthly volatility of 4%, average monthly price of $350, and year-to-date returns. 19%. 7 billion.
Analyzing the global market, we can say that they use a capstone project budget of $1. 2.3 Q It is worth mentioning that Bitcoin is still the most valuable coin in the cryptocurrency market, worth over $3 trillion. Bitcoin (BTC/USD) hit 67,183, down 3% from this morning’s price. While analyzing the overall price movement of this token, users will observe that the price movement of 3% in the last 24 hours indicates a bearish trend. However, this figure of $68,263, particularly highlighting the pivot point, falls in the direction of the current upward trend.
The 50-day exponential moving average (EMA) is located at $68,615 and forms a resistance level near the pivot point. Technically, Bitcoin is trading below the pivot point, indicating a potential downtrend. A recommended entry strategy is to sell below $68,263, take profit at $66,357, and set a stop loss at $70,029. This strategy allows investors to take advantage of the potential for further downside while managing risk.
How did the Ethereum price react after approval: did the expected rise come?
Since the SEC approved eight spot Ethereum ETFs last night, the price of ETH has remained stagnant at $3,800 and has not shown any significant upward trend. Nonetheless, ETH has experienced a significant increase of over 30% in the past week. Investors are currently taking a cautious stance and are waiting to see if these developments will lead to a “sell the news” event.
Before the US SEC announced its decision to approve the Ethereum ETF, the price of ETH witnessed sharp fluctuations. During the tense times before official approval, ETH initially fell to $3,500 during the traditional US market close. It later approached $3,900 after initial unconfirmed reports pointed to confirmation, and ultimately settled above $3,800 after confirmation. Amidst these massive price fluctuations, it was revealed that one whale sold an astounding 7,900 ETH worth $29 million.
During the turbulent period, liquidation of leveraged cryptocurrency derivatives positions reached more than $350 million in a single day, the highest figure since May 1, according to CoinGlass data. Most of the liquidated positions were long positions in anticipation of price increases, totaling approximately $250 million. This shows that traders who had used excessive leverage were surprised by the sharp price decline. Among those affected, ETH traders suffered the most, with $132 million liquidated.
If a spot Ethereum ETF is approved, it could attract inflows of more than $500 million, as analysts estimate. However, it may take some time for this to happen and for an upward trend to begin. Some on-chain indicators suggest that Ethereum could form a base above $4,000 and continue rising to $5,000-$6,000 by August this year. While the approval of the Bitcoin ETF has resulted in strong institutional inflows, it will be interesting to see whether the launch of the ETH ETF will lead to more institutional adoption.
Furrever Token: The Future Game Changer for Meme Coins
Perlever Token We’re ready to capitalize on the growing interest in meme coins with attractive cat-themed imagery. Currently in the final stages of pre-sale, the token has already raised over $1.1 million and is aiming to reach $1.9 million before its official launch on PancakeSwap. Furrever tokens have the potential to increase in value by 1500% after launch, making them a very attractive investment. Early pre-sale participants holding tokens priced at $0.000648 stand to gain significantly from the expected growth.
Featuring cat-themed stickers, visuals, and community challenges, Furrever Token’s engaging approach fosters a vibrant community. Additionally, the project’s commitment to security and transparency, demonstrated through audited smart contracts and a one-year lockup for team tokens, gives investors confidence in its long-term prospects. With nearly 4,000 active members on its Telegram channel, Furrever Token demonstrates strong community support and engagement.
With the pre-sale now over, now is a great opportunity for investors to join the Furrever Token community and potentially earn significant returns.
Visit furrevertoken.com to secure your tokens and join this exciting adventure. Investors interested in this opportunity are advised to contact our official support team only. (email protected) To prevent potential fraud.
Participate in the Furrever token presale now:
Furrever Token Official Website
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Join our official Telegram group
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Media Contact:
robert smith
https://furrevertoken.com/
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Disclaimer: The information provided in this press release is not an investment recommendation and is not intended as investment advice, financial advice or trading advice. We strongly recommend that you practice due diligence, including consulting with a professional financial advisor, before investing in or trading cryptocurrencies and securities.
