Kaspa (KAS), Litecoin (LTC) and Tron (TRX) are among the top gainers today as crypto markets look to make a rebound. However, Hedera and Shiba Inu have seen notable losses in the past 24 hours. Meanwhile, Shiba Memu, a new meme coin, has raised over $2.16 million in its presale as AI drives up interest.
Kaspa Price Prediction
Kaspa has risen 5% in the past 24 hours to trade above $0.043. The GHOSTDAG proof-of-work cryptocurrency is still 16% off its all-time high of $0.051. A cup and handle pattern has recently formed, indicating a potential upward break. The daily stochastic RSI also shows bullish divergence. If the price rises, resistance may be found in the $0.046-$0.050 range.
Hedera Price Prediction
HBAR, the native token of the Hedera public blockchain, has fallen 3% in the last 24 hours. Despite the decline, it is up nearly 15% in the past month. The uptrend was spurred by FedNow’s addition of the Hedera micropayments platform Dropp Inc. To maintain the current outlook, bulls need to prevent the HBAR price from dropping below the key level of $0.060. Despite the dips, it still remains in an ascending channel. Resistance may be found at $0.064, with potential targets of $0.077 and $0.085. A “must-defend” level for bulls is the area around $0.054.
What is Shiba Memu?
Shiba Memu is an AI-powered cryptocurrency with a successful token presale. The meme coin uses natural language processing, predictive analytics and image/video recognition to create a self-sufficient protocol. It is driven by an AI dashboard and native token SHMU. Interest in the token has seen investors contribute over $2.16 million to the presale.
Shiba Memu Price Prediction
SHMU’s price has risen from $0.011125 to $0.021700. The token has pre-programmed increases every day at 6pm GMT, with the presale expected to reach $0.024400. BitMart plans to list SHMU, and demand for the token on more exchanges could help push prices higher. If the AI dashboard goes live, SHMU prices could skyrocket to $0.1.
The short term outlook for Shiba Memu relies on the crypto regulatory environment. This includes the SEC’s approval of Ethereum Futures ETFs and spot Bitcoin ETFs, as well as the outcome of the SEC vs. Ripple case. If all these factors are bullish, Shiba Memu could benefit greatly.