Cryptocurrencies Price Prediction: Shiba Inu, Bitcoin & AGIX – European Wrap 10 May
|Shiba Inu price in penalty box with descending trend channel chasing bulls away
Shiba Inu (SHIB) price has been handed over to the law of physics as the chart is starting to show proof of gravity even in altcoins. SHIB bulls are nowhere to be seen as only a handful venture to build a stake in Shiba Inu at the present. With the descending trend channel firmly aligned and acting as a scarecrow in the face of any would-be bulls, a return to $0.00001000 is almost impossible, while the downside points to $0.0000750 or another 15% lower.
Bitcoin price coils for the next move as investors await CPI Inflation data release
US Consumer Price Index (CPI) data release is almost here, slated for May 10 at 12:30 GMT. All eyes in the market stand in anticipation, including the crypto market. Bitcoin price is pushing the breaks as investors wait for Federal Reserve’s (Fed) announcement that could determine the next move for BTC and the wider market.
AGIX, Fetch.AI and Render likely to benefit from big corporate AI push
The narrative involving Artificial Intelligence (AI) tokens is gathering relevance with the latest round of announcements from U.S. corporate giants Meta, Humane, IBM and Wendy’s. Prior to the meme coin season, crypto market participants yielded massive gains from AI tokens Render (RNDR), SingularityNET (AGIX) and Fetch.ai (FET), but more recently prices have dropped
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