As Bitcoin (BTC) continues to test the $70k support level, Ethereum (ETH) sets its sights on $4k, bolstered by its position above EMA5. Amidst these developments, a new player emerges in the 2024 altcoin scene, revolutionizing the landscape with its captivating approach: introducing Furrever Token (FURR).
Bitcoin (BTC) Tested the $70k Support Once Again
Bitcoin (BTC), which tested above $72k at the beginning of the week, later experienced selling pressure, dropping to below $69k yesterday and testing $67.5k. With buying coming in from this zone, Bitcoin (BTC) rose by 2.15% to close at $70,631. Continuing its positive trend today, Bitcoin (BTC) is currently trading at $70,849, up by 0.31%.
The leading cryptocurrency Bitcoin (BTC), which tested $72.3k earlier this week, later experienced selling pressure, dropping to $67.5k yesterday. With buyers showing interest in this zone, Bitcoin (BTC) closed the day above the $69k support at $70,631 and is currently trading at $70,849, maintaining a positive outlook today. Upon examining the Bitcoin (BTC) chart, despite dipping below the EMA21 yesterday, we can say that it is now trading above the EMA5 again, indicating a bullish sentiment. As Bitcoin (BTC) continues to trade above the EMA5, the initial target zones are $71k-$73k-$75k. In the event of Bitcoin (BTC) closing daily below the EMA5, the support zones to be monitored are the horizontal support at $69k and the EMA21 at $68,727.
Ethereum (ETH) Targets $4k as Long as It Stays Above EMA5
Ethereum (ETH), ranked second with a market capitalization of $434 billion behind Bitcoin (BTC), is determined to stay above the $3,500 support. Closing yesterday at $3,545.6, up by 1.14%, Ethereum (ETH) continues its upward momentum today, currently trading at $3,596.8, up by 1.44%.
Starting the new week with a sharp uptrend, Ethereum (ETH) tested $3,700 before retreating to $3,413 due to profit-taking. Resuming its upward movement afterward, Ethereum (ETH) managed to close above the EMA5 at $3,545.6 yesterday and continues its upward trajectory today, currently trading at $3,596.8. Upon analyzing the Ethereum (ETH) chart, as long as it stays above the EMA5, we can say its primary targets are $3.7k and $4k. In case of potential selling pressure, the initial support zones to watch are the EMA5 at $3,540.6 and the EMA21 at $3,493.3.
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Revolutionizing the 2024 Altcoin Landscape: Introducing Furrever Token (FURR)
In the ever-evolving world of cryptocurrency, Furrever Token (FURR) stands out as a rising star, captivating investors with its unique approach. Departing from the traditional norms of blockchain ventures, Furrever Token (FURR) injects a sense of fun and engagement into the crypto space with its delightful cat-themed ecosystem, merging entertainment with digital assets. This innovative strategy not only enhances user experience but also fosters a vibrant community atmosphere filled with shared passion.
The carefully designed tokenomics of Furrever Token (FURR) are geared towards fueling its growth and ensuring long-term viability. With approximately 9 billion tokens in circulation, an impressive 65% is allocated for presale, 25% for trading on decentralized exchanges (DEXs), and 10% reserved for the development team, subject to a one-year lock-in period to secure the project’s future. Moreover, the potential for up to 15X returns makes Furrever Token (FURR) an enticing option for investors.
Already making significant strides, the project has raised over $725,000 and progressed through six stages of its ten-stage fundraising initiative. Furrever Token is expanding its reach by launching on DEX platforms like PancakeSwap and supporting various payment methods, including USDT (BEP-20), to broaden its user base and liquidity.
Addressing concerns about legitimacy, Furrever Token (FURR) has proactively undergone smart contract audits and maintained transparent communication with its community, demonstrating its commitment to trust and security. This dedication is further underscored by their token lock-in policy and the involvement of community members in governance roles.
With an active Telegram community of nearly 4,000 members, organically grown, Furrever Token (FURR) is poised to capture the attention and investments of those seeking a perfect blend of entertainment and financial opportunity in the cryptocurrency realm. As it progresses through its presale stages and approaches its official market launch, Furrever Token (FURR) emerges as a formidable contender for the spotlight in the 2024 altcoin arena.
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The post Bitcoin(BTC) Holds Strong at $70k Again, Ethereum (ETH) Aims for $4k, and Furrever Token Emerges as a 2024 Game-Changer appeared first on Crypto News Land.
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