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Cryptocurrency News Articles
Could Shiba Inu (SHIB) 3x By The End Of The Year?
Dec 17, 2024 at 03:00 pm
As Bitcoin soars to a new all-time high of $106k, interest in the broader crypto market is rising. Investors always yearn for the next money-making
Bitcoin’s new all-time high of $106k has spurred interest in the broader crypto market. Investors are constantly seeking the next lucrative opportunity that promises substantial returns. While explosive altcoins like Shiba Inu (SHIB) boast increasing utility and potential for gains, and Fantom (FTM) has surged ahead of the launch of the Sonic mainnet, one AI-based trading platform is offering unprecedented gains.
Shiba Inu (SHIB) 3x By The End Of The Year?
Launched in August 2020, Shiba Inu (SHIB) began as a dog-themed meme coin, largely inspired by Dogecoin (DOGE). Early investors became millionaires virtually overnight, thanks to SHIB’s unprecedented 400x growth. However, meme-based crypto’s speculative nature is reflected in SHIB’s significant price volatility. To combat this, the dev team has created a fully fledged Shiba Inu ecosystem, with the SHIB token at its core.
This crucial pivot has helped the meme coin stay relevant. On December 16, 2024, SHIB is trading at $0.000027, with a market cap of $16.27 billion. As SHIB faces a 10% correction over the last week, many speculate on the future outlook for SHIB tokens. Bullish projections claim that a potential 200% increase would see Shiba Inu get close to hitting its previous all-time high of $0.000088. According to one analyst, upcoming features in Shiba Inu could see the price of SHIB tokens go “through the roof.”
Prominent Analysts Claim Fantom (FTM) Has A $5 Price Tag In Sight
A high-performance and scalable Layer-1 blockchain, centered around speed, recently had some promising developments. In the short-term market, FTM is flourishing, increasing 10% in a week and 8% in a day, currently trading at $1.39. Continuing from an 86% increase earlier this month, FTM is keeping up the momentum.
According to crypto analyst Alex Clay, FTM is forming a broadening wedge pattern, which is a strong uptrend indicator. Outlining price targets of $5.59, $8.92 and $12.26 as market conditions improve, Clay highlights that FTM is in its 3rd bullish leg. On similar grounds, analyst Captain Faibik urges the long term holders to wait, while setting FTM price target at $15, firmly backing the views on the token’s future prospects.
IntelMarkets (INTL) The Next Altcoin Set For 20,428% Gains?
An emerging altcoin that has already caught the attention of many analysts is demonstrating enormous potential for profits. Initially priced at $0.07, IntelMarkets is offering its INTL tokens as a ground floor opportunity for investors seeking high rewards. With early backers already seeing an 800% increase on the initial price, IntelMarkets is hailing one of the biggest presales of this year.
As IntelMarkets closes in on the $5 million presale fundraising milestone, INTL tokens are in significant demand, with the 7th stage selling out in record time. Even before the presale, the project is turning heads, raising over $550,000 from Fortune 500 investors. Backed by a team of Open AI and MIT experts, INTL has an extreme vote of confidence from investors. With a 20,428% potential projected post-launch, a $1,000 investment could turn into over $200,000, as analysts are drawing parallels between Fantom’s historic 90x and IntelMarkets.
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- Dec 17, 2024 at 07:45 pm
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- British Columbia’s Bitcoin Mining Ban: A Crossroads of Technology, Energy, and Environmental Concerns
- Dec 17, 2024 at 07:45 pm
- British Columbia (BC), one of Canada’s most resource-rich provinces, has recently implemented a ban on new Bitcoin mining operations. This move comes as a response to growing concerns over the environmental impact of cryptocurrency mining and its strain on the province’s power grid.