Cryptocurrency costs have been in a deep slumber previously few weeks as traders transfer again to shares and different secure havens like short-term bonds and cash market funds. Bitcoin has remained stagnant betweeen $25k and $30k whereas the overall market cap has remained caught above $1 trillion.
Loom Network, Liquity surge
Not all cryptocurrencies have remained on this consolidation part previously few weeks. As I wrote here, Loom Network worth has surged by greater than 500% previously few days, making it the 92nd greatest cryptocurrency on the planet. The rally occurred after Gate.io, a number one trade listed the cryptocurrency.
And this week., Loom Network’s futures had been added to main exchanges like Binance and LBank. As all this occurred, the coin entered the so-called markup stage of the Wyckoff mannequin the place demand is often greater than provides.
The different prime mover was Liquity, a platform that operates the Liquity US greenback stablecoin recognized as LUSD. Users can take loans utilizing the stablecoin after staking ether as collateral. LQTY worth has surged to $1.35, greater than final month’s low of $1.35.
Liquity’s worth motion was principally as a result of elevated exercise in its ecosystem. The newest information reveals that customers who staked within the protocol obtained $625k within the final month even as the crypto winter continued.
Shiba Memu token sale continues
The different huge winners previously few weeks has been Shiba Memu, which has continued elevating extra capital previously few months. The token has raised over $3.8 million, making it one of the vital profitable token gross sales on the planet.
For starters, Shiba Memu is a meme token that goals to disrupt the business that’s now dominated by the likes of Shiba Inu and Dogecoin. It goals to do this by combining two of the preferred applied sciences out there.
The first know-how is artificial intelligence (AI), which has grown quickly due to the success of ChatGPT and different firms like Anthropic. Analysts consider that AI would be the most disruptive business out there.
Shiba Memu will use among the prime constructing blocks of AI like predictive modelling, information evaluation, and picture evaluation. The finish aim is to have a meme coin that evolves over time and markets itself.
The different technlogy is the meme coin, which is generally hype pushed. But on this case, Shiba Memu could have a transparent utility as the community grows.
Therefore, analysts consider that investing in Shiba Memu in its presale offers you a chance to make a fortune when it will get listed on key exchanges. You can purchase the Shiba Memu token here.
