Last month, MicroStrategy – a pioneer company in software and business intelligence, added 122 Bitcoins to its Bitcoin holdings for around $7.8M. Experts believe that this purchase might have played a role in the recent price action of Bitcoin. In other news, Raboo continues to surprise the crypto world with a brilliant presale performance, while Shiba Inu is also starting to gather momentum for a bullish swing. Are these two the next cryptos to explode? Read on to find out!
With the recent BTC purchase, MicroStrategy bitcoin holdings total a whopping 214,400 BTC—about $14B worth of BTC. The news sparked positive sentiments around the coin, causing a slight price surge right after the announcement of the purchase. However, Bitcoin is currently experiencing a downward trend.
BTC currently trades at $59,905 – a price drop of 5.62% in the last seven days. Analysts suggest a sustained drop below $55,000 could confirm a market peak, possibly leading BTC to drop to $51,530 or even lower. However, surpassing $66,250 and reclaiming the price as a support level could strengthen Bitcoin, potentially pushing it to $69,150 or even a new all-time high price of $92,190.
Like most altcoins, Shiba Inu tanked as Bitcoin plummeted after the 2021 bull run. After a long period of struggle, Shiba Inu is beginning to show signs of positives—market optimism and confidence are going up! One major factor responsible for this momentum is that Shiba Inu now has over $112M in open interest.
Despite the positives surrounding Shiba Inu, analysts are still unsure of the project's future. The coin's current market performance is still underwhelming. Shiba Inu has seen a 8.7% decrease in the last seven days. The coin currently trades at $0.00002338, with a total market cap of over $13.7B.
Raboo emerges as a pioneering project in the world of meme coins – seamlessly blending Social-Fi, AI ingenuity, and blockchain technology. This innovative fusion promises unparalleled benefits for traders and meme coin enthusiasts, offering an unending reward-earning system driven by AI meme-hunting prowess and a post-to-earn model through SocialFi engagement.
With a strong emphasis on user engagement and community-building, Raboo provides a plethora of fun-filled tasks for users to earn rewards. Its ongoing presale has already seen significant success, with over half of the available tokens sold and over $1M already raised in funding. Just weeks after the presale launch, the token now trades at $0.0042 (an over 140% price increase). At this rate, experts believe Raboo is the next 100x crypto.
While all three coins discussed here look like credible investment options, BTC and Shiba Inu still have significant levels of skepticism surrounding them. BTC is currently trading bearish despite MicroStrategy's huge buy, and Shiba Inu's momentum is not convincing enough. Raboo, on the other hand, seems adequately equipped to be the next crypto to explode in the crypto sphere.
You can participate in the Raboo presale here.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.