Shiba Memu, Celestia, Terra Luna
Cryptocurrencies have been the best-performing asset recently.
Shiba Memu has now raised over $4.4 million from international investors.
Other top performing tokens were Celestia and Terra Luna.
Cryptocurrency prices rose this week as investors cheered on cues from the Federal Reserve and a surge in stocks. They also rose after BlackRock offered an ETF for Ethereum. Bitcoin rose above $37,000, while Ethereum moved above $2,000. This increase brought the total market cap of all cryptocurrencies to over $1.4 trillion.
Another important feature of the financial market was the return of the meme coin. Bonk, Solana's meme coin, has hit its highest level since January as demand surges. Other meme coins like Catecoin, Shiba Inu and Floki Inu also jumped. This article looks at some of the top cryptocurrencies you should check out, including Shiba Memu, Celestia, and Terra Classic.
Prediction of Shib Memu
The return of meme coins like Bonk and Floki has led many investors to allocate some of their funds to upcoming tokens. The concept is that investing in these coins is often risky due to their cheap prices.
One meme coin that is doing well is known as the Shiba Memu, which is currently on presale. The token has raised over $4.4 million in the past few months, making it one of the best performing players in the industry.
Shiba Memu, unlike other meme coins, has a go-to strategy that will help it do well when listed soon. For one, unlike meme coins like MEME and Bonk, which have no utility, it aims to develop an entire ecosystem. For example, developers want to inject artificial intelligence (AI) into the network.
AI is the fastest growing industry this year. For example, a company like OpenAI, the creator of ChatGPT, has become part of a multi-billion dollar company that earns millions of dollars every day. It is used by more than 100 million people worldwide.
OpenAI is not the only one. Anthroponic Raises Over $4.4 Billion From Investors Elon Musk Launches Grok Other smaller companies are working to develop AI suites.
According to Shiba Memu's white paper, developers will use the technology to boost its own marketing. Therefore, due to its increasing popularity, there is a possibility that the brand will jump when it is listed. You can buy a Shiba Memu token here.
Terra LUNA price forecast
Terra (LUNA) is a remnant of Terra, which was once a top-ten mystery. LUNA was one of the top performing cryptocurrencies this week with its price rising to a high of $0.000096, the highest point since June 13th. At this week's high, the token has risen more than 76% from its low. This price was slightly above the 23.6% Fibonacci Retracement level.
On the daily chart, LUNA price has moved above the 25-day and 15-day exponential moving averages. It is also a few points above the key support at $0.000076, the lowest point in July this year.
The chart also shows that LUNA's volume has been increasing recently. Therefore, the outlook for the token is now very bearish, with the next level at $0.00015, the 38.2% retracement level. This view will be confirmed if this week's high rises above $0.00096.
Celestia TIA price prediction
Celestia is a relatively new cryptocurrency. The developers have built what they say is the first modular block network. This means that it can securely sync with the number of users, making it easier for people to build and unlock their networks. A few developers have joined the ecosystem including Astria, Blockless, Berachain and so on.
Celestia token is one of the recent high performing cryptocurrencies. It rose to $3.90 this week. At its peak, it was more than 75% of its low this year. It has now pulled back as investors began to take profits. I suspect that the token is now forming a two-up pattern, which means it may retest the all-time high of $3.90. If this happens, it needs to be increased by 20%.
