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Shiba Memu, Hifi finance, and Bitcoin price prediction.
The crypto market is once again on a bull cycle after a brief bear market that saw Bitcoin briefly drop below $25,000. As the crypto market rallies a number of cryptocurrencies among them Hifi Finance, Bitcoin, and Shiba Memu are trending.
#Shiba Memu, a new #cryptocurrency project is riding the meme coins and artificial intelligence wave. Alhough its first target is to contend the top position among meme coins, the coin will most likely be among the top cryptocurrencies by the end of 2023 going by the way investors are trooping to the project.
1. #Bitcoin price prediction
Upon conducting a thorough technical analysis of Bitcoin’s current position, it reveals a prudent inclination towards a bearish trend. At present, Bitcoin finds itself positioned slightly above the $26,500 support level, which was once a formidable resistance. It maintains a relatively stable position just above the $26,800 resistance, indicative of a potential formation of a double-top pattern.
2. #Hifi finance price prediction
Hifi Finance (HIFI) experienced a sharp decline in price following an impressive seven-day rally that had long been anticipated by token holders, ending a period of extended consolidation. This surge and subsequent drop occurred while Bitcoin (BTC) prices remained relatively stable, leaving the broader market yearning for a catalyst. In the midst of this, analysts suggest that the current environment is conducive for investing in alternative cryptocurrencies (altcoins).
The crypto market is once again on a bull cycle after a brief bear market that saw Bitcoin briefly drop below $25,000. As the crypto market rallies a number of cryptocurrencies among them Hifi Finance, Bitcoin, and Shiba Memu are trending.
#Shiba Memu, a new #cryptocurrency project is riding the meme coins and artificial intelligence wave. Alhough its first target is to contend the top position among meme coins, the coin will most likely be among the top cryptocurrencies by the end of 2023 going by the way investors are trooping to the project.
1. #Bitcoin price prediction
Upon conducting a thorough technical analysis of Bitcoin’s current position, it reveals a prudent inclination towards a bearish trend. At present, Bitcoin finds itself positioned slightly above the $26,500 support level, which was once a formidable resistance. It maintains a relatively stable position just above the $26,800 resistance, indicative of a potential formation of a double-top pattern.
2. #Hifi finance price prediction
Hifi Finance (HIFI) experienced a sharp decline in price following an impressive seven-day rally that had long been anticipated by token holders, ending a period of extended consolidation. This surge and subsequent drop occurred while Bitcoin (BTC) prices remained relatively stable, leaving the broader market yearning for a catalyst. In the midst of this, analysts suggest that the current environment is conducive for investing in alternative cryptocurrencies (altcoins).
Is Hifi Finance a good investment?
Hifi Finance is, just like all other cryptocurrencies, a risky investment. It does have higher probability of going up than down because of the good use case, well-designed tokenomics, active community and a solid team behind it.
#Hifi
Hifi Finance is, just like all other cryptocurrencies, a risky investment. It does have higher probability of going up than down because of the good use case, well-designed tokenomics, active community and a solid team behind it.
#Hifi
The price of hifi financing has dropped 40% in the previous day, following a 7-day increase of 362%
South Korea's largest exchange, was the main spot participant, with a trading volume of $717 million on the previous day.
The crash occurred after the Binance exchange launched the HIFI perpetual contract on September 16.
The price of #Hifi Finance (HIFI) fell following a tremendous seven-day gain, which was eagerly anticipated by token holders after a long period of consolidation. The surge and fall occurred as the price of Bitcoin (BTC) remained stagnant, with the larger market looking for a stimulus. Meanwhile, specialists believe that now is the moment to invest in cryptocurrencies.
The price of Hifi Financing fluctuates dramatically.
On the #Binance Exchange, the price of Hifi Finance (HIFI) versus Tether (USDT) stablecoin increased 362% in the previous seven days to conclude the September 16 trading session at $2.320. This came after it broke over the psychological mark of $2.5000 to hit an intraday high of $2.635.
The boom in Hifi Finance was connected to a large increase in the asset's trading volume on the Korean exchange Upbit. On Saturday, Upbit Korea accounted for around 65% of total asset transaction, with Wu Blockchain claiming a 208% increase and conceding that Upbit led the spot trading front, with up to $717 million in trading volume over the previous 24 hours. Nevertheless, the price has dropped by roughly 40% in the last day, owing to Binance's launch of the HIFI perpetual contract.
Surprisingly, there was a large difference in $HIFI futures and spot pricing. HIFI futures were trading at a -40% premium to spot pricing. This disparity is unusual and perplexing, raising concerns about Hifi Finance price dynamics.
A perpetual contract is a derivative similar to a futures contract, only it does not have an expiration date. This is a contract between two parties to sell or acquire an asset at a defined price with no expiration date. Traders may simply speculate on the asset's value using leverage without worrying about their futures contracts expiring.
While perpetual contracts increase profits, they have a disadvantage in that if the asset price falls, it liquidates the equity of traders who took long positions while completing their contracts more faster.
Potential cause of #HIFI decline due to Binance exchange transfer
Perpetual contracts provide additional liquidity while maintaining narrower spreads. Most crucially, they are less susceptible to market manipulation. Korean traders have already been connected with pump-and-dump behaviour, with CryptoQuant CEO Ki Young Ju admitting that Korean traders like pumping and dumping cryptocurrencies in particular.
Young Ju ascribed it to the region's "very tight capital restrictions, which prevent arbitrage possibilities across worldwide exchanges."
The crash occurred after the Binance exchange launched the HIFI perpetual contract on September 16.
The price of #Hifi Finance (HIFI) fell following a tremendous seven-day gain, which was eagerly anticipated by token holders after a long period of consolidation. The surge and fall occurred as the price of Bitcoin (BTC) remained stagnant, with the larger market looking for a stimulus. Meanwhile, specialists believe that now is the moment to invest in cryptocurrencies.
The price of Hifi Financing fluctuates dramatically.
On the #Binance Exchange, the price of Hifi Finance (HIFI) versus Tether (USDT) stablecoin increased 362% in the previous seven days to conclude the September 16 trading session at $2.320. This came after it broke over the psychological mark of $2.5000 to hit an intraday high of $2.635.
The boom in Hifi Finance was connected to a large increase in the asset's trading volume on the Korean exchange Upbit. On Saturday, Upbit Korea accounted for around 65% of total asset transaction, with Wu Blockchain claiming a 208% increase and conceding that Upbit led the spot trading front, with up to $717 million in trading volume over the previous 24 hours. Nevertheless, the price has dropped by roughly 40% in the last day, owing to Binance's launch of the HIFI perpetual contract.
Surprisingly, there was a large difference in $HIFI futures and spot pricing. HIFI futures were trading at a -40% premium to spot pricing. This disparity is unusual and perplexing, raising concerns about Hifi Finance price dynamics.
A perpetual contract is a derivative similar to a futures contract, only it does not have an expiration date. This is a contract between two parties to sell or acquire an asset at a defined price with no expiration date. Traders may simply speculate on the asset's value using leverage without worrying about their futures contracts expiring.
While perpetual contracts increase profits, they have a disadvantage in that if the asset price falls, it liquidates the equity of traders who took long positions while completing their contracts more faster.
Potential cause of #HIFI decline due to Binance exchange transfer
Perpetual contracts provide additional liquidity while maintaining narrower spreads. Most crucially, they are less susceptible to market manipulation. Korean traders have already been connected with pump-and-dump behaviour, with CryptoQuant CEO Ki Young Ju admitting that Korean traders like pumping and dumping cryptocurrencies in particular.
Young Ju ascribed it to the region's "very tight capital restrictions, which prevent arbitrage possibilities across worldwide exchanges."
✅Entry : $0.9430 - $0.9738
( LONG $HIFI 5-20X )
Target 1 $0.9838
Target 2. $0.9961
Target 3 $1.0050
Target 4 $1.0140
Target 5 $1.0232
Target 6 $1.0368
Stop loss : $0.9231
NOTE : This is not a financial advice always do your own research before investing
#Hifi #alwaysdyor #futuretrade
( LONG $HIFI 5-20X )
Target 1 $0.9838
Target 2. $0.9961
Target 3 $1.0050
Target 4 $1.0140
Target 5 $1.0232
Target 6 $1.0368
Stop loss : $0.9231
NOTE : This is not a financial advice always do your own research before investing
#Hifi #alwaysdyor #futuretrade
Money flows all around after BTC pump and consolidation.
Major alts like Solana, Avax, Matic were success to follow bitcoin.
But there is a bunch of low marketcap coins which didn't made their remarkable pump yet.
Look an eye on #Troy #Ong #Orn #Hifi #Vite and other low marketcap coins and of course DYOR.
Major alts like Solana, Avax, Matic were success to follow bitcoin.
But there is a bunch of low marketcap coins which didn't made their remarkable pump yet.
Look an eye on #Troy #Ong #Orn #Hifi #Vite and other low marketcap coins and of course DYOR.
