Price: $0.38277 -2.1952%
Market Cap: 56.22B 1.7638%
Volume (24h): 8.39B 0.4%
Dominance: 1.7638%
Price: $0.38277 -2.1952%
Market Cap: 56.22B 1.7638%
Volume (24h): 8.39B 0.4%
Dominance: 1.7638% 1.7638%
  • Price: $0.38277 -2.1952%
  • Market Cap: 56.22B 1.7638%
  • Volume (24h): 8.39B 0.4%
  • Dominance: 1.7638% 1.7638%
  • Price: $0.38277 -2.1952%
Home > Information news > Bitcoin Ascends and Altcoins Show Vigor as Market Eyes SHIB, MANA, and LUNC Price Movements

Bitcoin Ascends and Altcoins Show Vigor as Market Eyes SHIB, MANA, and LUNC Price Movements

Release: 2024/03/15 11:33 Reading: 876

Original author:BH NEWS

Original source:https://coinmarketcap.com/community/articles/65f3bad90817022536c1abf6

Bitcoin Ascends and Altcoins Show Vigor as Market Eyes SHIB, MANA, and LUNC Price Movements

You can also read this news on BH NEWS: Bitcoin Ascends and Altcoins Show Vigor as Market Eyes SHIB, MANA, and LUNC Price Movements

The cryptocurrency market has witnessed a resurgence in activity as Bitcoin (BTC) surpassed the $71,500 benchmark, invigorating the altcoin sector. Notable movements were seen in SOL Coin, approaching the $200 level, and Dogecoin (DOGE), maintaining its position around $0.18. The market’s current dynamics raise questions about the potential price trajectories for Shiba Inu (SHIB), Decentraland (MANA), and Luna Coin (LUNC).

Shiba Inu Faces Volatility After Rapid Surge

SHIB experienced a substantial rise of 358% within a fortnight, only to see a sharp 33% decline from its 2024 high this week, as Bitcoin’s price movements had an unexpected impact on SHIB traders. Despite this, SHIBA Coin is trading at $0.0000317, mirroring its early 2022 valuation. If Bitcoin maintains its current price level, there could be an influx of capital from major altcoins to SHIB, potentially allowing it to retest previous highs of $0.00004545 and $0.0000545. The uptrend could persist, as indicated by the present price trend.

MANA Coin’s Metaverse Momentum Wanes

In late 2021, metaverse-related altcoins like MANA garnered significant attention, with large corporations’ endeavors in the space fueling a price surge. However, hindsight reveals that these moves were predominantly driven by marketing efforts. The ongoing advancements in virtual and augmented reality, along with artificial intelligence, keep the metaverse’s aspirations viable. Despite this, the initial investor enthusiasm has dampened, with meme coins and AI-related tokens now in the spotlight.

MANA Coin, which had neared $6 by the end of 2021, is trading at a much lower price of $0.73, diverging from its earlier range of $2.8. The coin is poised to explore lower support levels at $0.69 and could further decline to $0.58 and $0.47 if it breaches these benchmarks.

LUNC Coin’s Downward Trajectory Continues

LUNC Coin is exhibiting a bearish pattern on the daily chart, with a potential drop to $0.000157 imminent. A close below this support level could trigger a further pullback to $0.000127. Investors optimistic about an upward trend are keeping an eye on closures above $0.000171, while speculative news could catalyze a swift reversal. Market watchers are also eyeing Bitcoin’s appetite for a $76,000 target, which could excite LUNC speculators. Bitcoin’s recent slip to the $70,600 zone suggests growing market volatility.

The post first appeared on BH NEWS: Bitcoin Ascends and Altcoins Show Vigor as Market Eyes SHIB, MANA, and LUNC Price Movements

Selected Topics

  • Dogecoin whale activity
    Dogecoin whale activity
    Get the latest insights into Dogecoin whale activities with our comprehensive analysis. Discover trends, patterns, and the impact of these whales on the Dogecoin market. Stay informed with our expert analysis and stay ahead in your cryptocurrency journey.
  • Dogecoin Mining
    Dogecoin Mining
    Dogecoin mining is the process of adding new blocks of transactions to the Dogecoin blockchain. Miners are rewarded with new Dogecoin for their work. This topic provides articles related to Dogecoin mining, including how to mine Dogecoin, the best mining hardware and software, and the profitability of Dogecoin mining.
  • Spacex Starship Launch
    Spacex Starship Launch
    This topic provides articles related to SpaceX Starship launches, including launch dates, mission details, and launch status. Stay up to date on the latest SpaceX Starship launches with this informative and comprehensive resource.
  • King of Memes: Dogecoin
    King of Memes: Dogecoin
    This topic provides articles related to the most popular memes, including "The King of Memes: Dogecoin." Memecoin has become a dominant player in the crypto space. These digital assets are popular for a variety of reasons. They drive the most innovative aspects of blockchain.