Shiba Memu token has raised over $1.64 million from investors and is one of the most popular upcoming cryptocurrencies in the world. It combines key industries like Artificial Intelligence (AI) and meme coins.
Cryptocurrency prices moved sideways, even as American equities jumped. Bitcoin remained slightly above $29,000, while the total market cap dropped by 0.42% to $1.16 trillion. The Dow Jones and the Nasdaq 100 indices jumped by more than 0.65%, as investors embraced a risk-on sentiment. This article will look at the forecast for key cryptocurrencies like Bitcoin Cash, Algorand, and Shiba Memu.
Shiba Memu is an upcoming cryptocurrency that is aiming to combine AI and meme coins to take advantage of the most hyped industries of this year. Some of the best-performing companies and cryptocurrencies in the AI sector are Nvidia, Microsoft, and C3.ai. Popular crypto AI platforms are SingularityNET and Fetch.Ai.
Shiba Memu plans to be a better alternative to other popular cryptocurrencies like Shiba Inu, Dogecoin, and Pepe. It will also self-market by self-responding to user inquiries and growing from their feedback. To do this, it will use Natural Language Processing (NLP), Sentiment analysis, predictive analysis, and personalization.
The Shiba Memu token sale has gained momentum in the past few weeks, and the token is increasing in price daily. Users can buy the Shiba Memu token here.
The 4H chart of Bitcoin Cash shows that the price has been moving sideways in the past few days. This price action mirrors that of Bitcoin, which has dropped from its year-to-date high of $31,388 to $29,000. BCH is slightly above the 25-period and 50-period moving averages and the 38.2% Fibonacci Retracement level. The Relative Strength Index (RSI) has moved slightly above the neutral point at 60, so Bitcoin Cash price is likely to remain in this range for a while, with the key support and resistance levels at $219 and $260.
Algorand has been under pressure in the past few months, particularly after AlgoFi, the biggest DeFi platform in the ecosystem, collapsed. ALGO price is consolidating at the 25-day and 50-day moving averages, while the Relative Strength Index (RSI) has drifted upwards. The Average True Range (ATR) has drifted downwards while the price is above the key support level at $0.1043. Volume has been limited in recent weeks, so the token is likely to remain in a tight range in the coming days. The key support and resistance levels to watch will be at $0.10 and $0.12.