2023-11-14 12:11 |
As the crypto market continues to surge against the backdrop of impending crypto ETF approvals by the US SEC, two altcoins – Shiba Memu (SHMU) and Polygon (MATIC) are making waves.
While Shiba Memu’s presale enters its final countdown with a unique twist, Polygon (MATIC) defies market trends, showcasing an exceptional surge in both investor interest and price.
Polygon’s unprecedented momentumPolygon (MATIC) has continued to ascend, approaching the psychologically significant $1 threshold, as Bitcoin rises towards $38,000 mark amid the hype created by impending spot bitcoin ETF approval.
Besides the unprecedented MATIC price surge, Polygon has witnessed an astounding 3,800% surge in whale transactions in the last 30 days, a clear indicator of heightened institutional and large-scale investor activity.
Institutional and whale demand has picked up strongly, with Bitcoin seeing an 80% increase in the volume of transactions of over $100k, Ethereum 170%, and Polygon over 3,800% compared to 30 days ago. pic.twitter.com/ElM1CDZ3wA
— IntoTheBlock (@intotheblock) November 11, 2023Wallets holding 100,000 to 1 million MATIC tokens have strategically accumulated over 42.88 million tokens since October 24. This accumulation not only suggests confidence in MATIC’s future potential, but also contributes to the overall bullish sentiment surrounding the cryptocurrency.
Polygon price predictionIn the past week alone, MATIC has exhibited remarkable performance, surging past the $0.90 mark. This impressive 50% increase in just 20 days underscores the inherent strength of the coin’s bullish momentum.
Investors and analysts are now eyeing the possibility of Polygon (MATIC) breaching the coveted $1 mark by the end of the month if it continues on the same trajectory, further solidifying the positive trajectory initiated by the surge in whale transactions.
A significant trend reversal is anticipated as MATIC approaches the $1 mark, potentially prolonging the ongoing uptrend. Beyond $1, there is speculation of a 20% bull run, aiming for the overhead supply zone at $1.20. If sustained, MATIC could surpass its 52-week high of $1.56 in the long term
But although technical indicators support the current MATIC bullish momentum, traders should anticipate a trend reversal seeing that the daily RSI line hovers in the bullish overbought zone, standing slightly above 79%. Concurrently, the declining gap between the 9-day and 21-day EMA projects a high likelihood of a bullish reversal.
Polygon price chart Shiba Memu – the rising meme coin starIn contrast to the broader market dynamics, Shiba Memu has carved its niche. An ERC-20 token with a total supply of 1 billion tokens, Shiba Memu is community-owned, with 85% of tokens set aside for selling in an ongoing presale to foster a robust and engaged community.
Besides riding the meme coin wave, Shiba Memu leverages AI technology to optimize its marketing efforts. Natural language processing and image/video recognition track branding elements, sentiment analysis gauges community attitudes, and predictive analytics adjust strategies for optimal results.
The highlight of the crypto project is its Shiba Memu AI Dashboard which offers real-time interaction and insights into marketing activities.
Shiba Memu presale ends in 45 daysThe Shiba Memu presale is reaching its climax, with only 45 days remaining for eager investors to secure their stakes. The token symbolized as SHMU, boasts a unique feature – its price increases incrementally after specific time intervals.
As the clock ticks, investors are poised to witness the next price surge from $0.040825 to $0.041050 in a matter of hours, further fueling anticipation and participation.
Going by the above developments, both Polygon and Shiba Memu are posturing as some of the best crypto investments as the general cryptocurrency market turns bullish after a long crypto winter.
The post Shiba Memu presale energizes as Polygon (MATIC) charts new heights appeared first on Invezz
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