NFT

Anticipated Bullish Breakout for Shiba Inu Predicted by Analysts

Thursday. August 22 at 5:00 PM

1 min. read

As the cryptocurrency market shows signs of optimism, a crypto analyst has forecasted a bullish breakout for Shiba Inu (SHIB). To confirm the meme coin's upward trend, it must overcome a significant resistance level. Ronimus Prime, a trader and cryptocurrency expert, has analyzed SHIB's market action and predicts a potential bullish breakout in the near future. He highlights the importance of surpassing the 50 Moving Average (MA) to sustain a notable rise. Currently, SHIB is consolidating near key support levels, with the 50 MA acting as resistance on weekly and 4-hour timeframes. Prime suggests that breaking past the 50 MA and Fibonacci levels on both charts, especially with the upcoming FOMC meeting in September, could trigger a positive movement. Another analyst, Javon Marks, also foresees a bullish breakout for SHIB based on a Falling Wedge pattern formation. Marks anticipates a significant price growth of up to 498% from the current level.

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The Impact of Meme Coins: A Heartwarming Story of MIRA

Thursday. December 26 at 2:00 PM

Meme coins have become a popular trend in the 2024 crypto market, offering investors profit opportunities. However, they can also serve a greater purpose, as seen in the case of MIRA. Siqi Chen, founder of Runway, shared his daughter Mira's battle with a brain tumor, leading to the creation of a meme coin on Solana named MIRA. The community rallied behind the cause, raising over $14 million for brain tumor research. Siqi pledged to donate all proceeds and daily sold 1% of his holdings. Despite fake tokens surfacing, MIRA's market cap exceeded $80 million, showcasing the positive impact meme coins can have on society. This heartwarming story highlights how meme coins, when used for a meaningful cause, can make a significant contribution to rare disease research and community support.

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NFT Collections Outperform Fungible Tokens in Weekly Returns

Wednesday. December 25 at 3:00 AM

Non-fungible tokens (NFTs) have shown better performance than fungible tokens in the past week, with the top 10 collections gaining an average of 6.4%. On the other hand, fungible tokens experienced an average decline of 8.6%, except for native tokens from centralized exchanges. Space Doodles led the way with a 44.7% increase, followed by Pudgy Penguins' Lil Pudgys at 35.1%. Despite popular collections like Bored Ape Yacht Club and CryptoPunks dragging down the average returns, most top 10 NFT collections saw double-digit gains. However, their floor prices are still below their peak values. The NFT market on Ethereum, Bitcoin, and Solana also saw declines in trading volume. Large investors are taking advantage of the market dip to accumulate Bitcoin, while El Salvador continues to promote Bitcoin adoption and increase reserves. Disclaimer: The opinions expressed in this article are those of the writers and not CryptoSlate's. Readers are advised to conduct their own research before engaging in cryptocurrency activities.

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Dreamcars: Luxury Car Ownership Made Accessible Through Cryptocurrency

Tuesday. December 24 at 1:00 PM

Dreamcars has democratized luxury car ownership by allowing users to invest in high-end vehicles using cryptocurrency, with the potential to earn up to $50,000 monthly from just a $10 investment. Each car is divided into shares represented as NFTs, ensuring transparency and security through blockchain-based smart contracts. The platform manages all aspects, from purchasing and insuring cars to renting them out, relieving investors of responsibilities. Rental earnings in USDT are distributed monthly to car owners. Dreamcars conducts thorough market research before acquiring cars, offering shares starting at $10 in exchange for DCARS tokens. Investors can earn 20% to 50% annually, with liquidity options available. The project aims to list DCARS on major exchanges, collaborate with influencers, and expand globally. The initiative presents a unique opportunity for investors to own exotic cars affordably and potentially benefit from significant returns.

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MoonPay in Talks to Acquire Helio Pay for $150 Million

Tuesday. December 24 at 11:00 AM

MoonPay is reportedly in discussions to purchase Helio Pay for $150 million, potentially boosting its crypto services and user base. Despite this, MoonPay's investment performance has been lackluster in recent years. The acquisition, if successful, would be MoonPay's largest since its inception in 2018. Helio, a payment platform for the Web3 economy, raised $3.3 million during its seed funding round in April 2023, with support from various venture capital firms. With over 6,000 merchants, 1 million users, and $1.5 billion in annual sales, Helio offers a self-service crypto payments platform for content creators and eCommerce merchants. MoonPay has seen growth in the bullish market, setting Solana transaction records and partnering with Ripple and PayPal. The potential acquisition of Helio aligns with the increasing crypto adoption trend and stablecoin payment forecasts. However, MoonPay's investment activities in 2024 have been subdued, particularly in NFTs and the Metaverse.

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