This week, Shiba Inu posts significant gains while Pawfury launches its promising presale. Bitcoin shows bullish trends, and THORChain recovers, indicating positive momentum in the cryptocurrency market.
Cryptocurrency Market Update: SHIB, PAW, BTC, and RUNE Trends
Shiba Inu (SHIB) Shows Strong Gains
Shiba Inu (SHIB) has posted a significant price increase, rising by 19.68% over the past seven days. This has made SHIB the second-highest weekly gainer among the top 15 cryptocurrencies by market cap. However, its 24-hour trading volume remains relatively low at $262 million, compared to a peak of $7 billion in early March. To reach its previous high of $0.000045, SHIB would need to overcome several resistance levels, climbing from its current value of $0.000019.
Launch of Pawfury (PAW)
Pawfury (PAW) is a revolutionary cryptocurrency project currently in its presale phase, designed to captivate the market with its unique approach and community-driven model. PAW has emerged as an attractive new investment option, offering high-yield staking rewards and competitive APY. The presale of Pawfury (PAW) features a 10% bonus for early investors using the promo code PAWGAINZ10X. The low-entry price makes it accessible, with the presale rapidly selling out.
Bitcoin (BTC) and Market Liquidations
Bitcoin’s price has recently surged past $64,000, briefly hitting $66,000 before stabilizing around $64,433. This bullish trend resulted in liquidations totaling $145.58 million, affecting approximately 50,436 traders. Whale activity has further contributed to BTC’s upward momentum, with significant purchases by major investors.
THORChain (RUNE) Recovery and Predictions
THORChain (RUNE) has recovered by 23% over the past week, currently trading at $4.22. Market projections suggest it could rise to $5.76 or even $7.40 if it breaks through resistance levels. With a market cap of $1.41 billion and a 24-hour trading volume of $207 million, RUNE is gaining traction among traders and analysts.
Market Trends and Future Outlook
The overall cryptocurrency market is benefiting from a broader bullish trend. Bitcoin’s continued stability above $64,000 and the expected introduction of Ethereum ETFs could fuel further market optimism. For SHIB, Pawfury (PAW), BTC, and RUNE, sustained trading volumes and investor interest will be pivotal in maintaining the current positive momentum.
