Cryptocurrencies have been the best-performing assets recently as investors cheered hints from the Federal Reserve and stocks surged, including the filing for an Ethereum ETF. Bitcoin surged to over $37,000 and Ethereum moved to over $2,000, pushing the total market cap of all cryptocurrencies to over $1.4 trillion.
The comeback of meme coins like Bonk and Floki also led many investors to consider allocating some of their cash to upcoming tokens, which are usually less risky due to their cheap prices. One such token is Shiba Memu, which is currently in a presale and has already raised over $4.4 million in the past few months.
The developers of Shiba Memu have a go-to strategy that will help it do well when it gets listed soon. They aim to develop a full ecosystem, infusing artificial intelligence (AI) in the network. AI is the fastest-growing industry this year, with OpenAI, Anthropic, and Elon Musk’s Grok becoming multi-billion dollar entities.
Another top-performing token was Terra LUNA, the remnant of Terra, which was once a top-ten cryptocurrency. LUNA surged to a high of $0.000096 this week, up by over 76% from its lowest level, and is slightly above the 23.6% Fibonacci Retracement level. Investors are bullish on the token, with the next level to watch being at $0.00015, the 38.2% retracement level.
Celestia is a relatively new cryptocurrency that has a modular blockchain network which securely scales with the number of users. Its token has been one of the top-performing cryptocurrencies recently, rising to a high of $3.90 this week. It has now pulled back and may be forming a double-top pattern, meaning that it could retest its all-time high of $3.90.