Cryptocurrencies Price Prediction: Cardano, Shiba Inu & SafeMoon – American Wrap 10 August
|Cardano Alonzo hard fork is imminent and it could fuel ADA run to $5
Cardano announces successful projects from Fund5 of Project Catalyst, set to initiate Fund6 to support new decentralized applications. Input Output Hong Kong launches public testnet for smart contract integration, reveals that the Alonzo Purple upgrade is imminent. Charles Hoskinson predicts tons of Dpp development, Reddit, and forums filled with projects after smart contract launch.
Shiba Inu shrugs off the bears, SHIB prepared for 60% breakout
A brief technical and on-chain analysis on Shiba Inu price. Here, FXStreet's analysts evaluate where SHIB could be heading next as it tests critical resitance.
Three reasons why SafeMoon price will decline to $0.00000110
Safemoon price fails to hold the largest one-day gain since the May 6 rally of 59.79%, while declining back below the upper trend line of the descending triangle, the May 19 low of $0.00000261 and the 20-day simple moving average (SMA) at $0.00000252. The short-lived rally reflects an outlier cryptocurrency with a questionable fee structure that frequently hypes a SafeMoon Wallet before extending the launch date, now on August 28th, 2021.
SAFEMOON/USD daily chart
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.