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.

Chart

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.

Chart

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


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. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Join Telegram

Recommended content


Recommended Content

Editors’ Picks

Here are the best and worst-performing cryptocurrencies in H1 2024

Here are the best and worst-performing cryptocurrencies in H1 2024

A recent report by Crypto Koryo on Wednesday revealed meme coins as the top performers among cryptocurrencies so far in 2024, with several altcoins coming in behind. The worst-performing tokens are DeFi and governance tokens.

More Cryptocurrencies News

Ethereum poised to follow Nvidia's steps as Bitwise files updated S-1 draft

Ethereum poised to follow Nvidia's steps as Bitwise files updated S-1 draft

Ethereum (ETH) is down 3% on Wednesday following Bitwise filing an updated S-1 draft and a wider market downturn with potential Mt. Gox BTC supply flooding the market. 

More Ethereum News

What to expect from altcoins as ETH ETF approval draws closer

What to expect from altcoins as ETH ETF approval draws closer

As the crypto market continues consolidating on Wednesday, altcoins show mixed signals ahead of the spot ETH ETF launch. Many have predicted that the alt season may not occur in this cycle following the market lull. However, two key metrics suggest otherwise.

More Cryptocurrencies News

PolitiFi meme coins surge as Biden support lowers

PolitiFi meme coins surge as Biden support lowers

Crypto prediction markets favor Kamala Harris over President Joe Biden as Democratic nominee in upcoming presidential elections. Meme coins based on Vice President Harris rallied amid BODEN token's 30% decline. Other tokens based on possible replacements for Biden experienced similar surges.

More Cryptocurrencies News

Bitcoin: BTC price correction could end in July, according to seasonal data

Bitcoin: BTC price correction could end in July, according to seasonal data

Bitcoin (BTC) price appears poised for a decline this week, influenced by slight outflows in US spot ETFs, selling activity among BTC miners, and a combined transfer of 4,690.28 BTC to centralized exchanges by the US and German governments.

Read full analysis

BTC

ETH

XRP