It would probably have been too easy if the price of ether had risen after the Shanghai upgrade and the price had sustained above $2,000. At least for the crypto market. If everything often turns out differently than you would expect with shares, this is much more often the case with digital currencies. This is nothing new for ether investors either. After the merge in September last year did not bring the desired effect, things are no different this time with the Shanghai upgrade. Has the powder already shot at the second-largest cryptocurrency by market capitalization? Investors are turning to altcoins like Tamadoge (TAMA), Love Hate Inu (LHINU), and Deelance (DLANCE), which are benefiting from the current situation.
Get in now before the next price increase and secure Love Hate Inu (LHINU) cheap in the presale.
The correction in Ethereum and most top coins has been in full swing since the middle of the week. ETH, the second largest cryptocurrency in the world, has lost another 0.40% in the last 24 hours and is currently trading at $1,870. A price level that was often seen before the pump from the Shanghai upgrade and that was long considered insurmountable. Is the price now stuck in the same $1,800-$1,900 range again, or are there even more losses to come?
On a 7-day average, ETH has already accumulated losses of 10.88%, losing significantly more than the world’s largest cryptocurrency – Bitcoin. This is almost 9% in the red. XRP, DOGE, and SOL are losing similar amounts to Ethereum, each down around 11%, while BNB got off with a black eye, down 5%. However, there is currently nothing to indicate that the end of the correction has already been reached. There has not been such a strong correction in ether for a long time, the courses have either risen for a long time or have stabilized at a high level.
On Friday there was still no countermovement and over the weekend, as expected, prices moved sideways. So it is still unclear whether there will be further losses tomorrow when the stock exchanges open. If that is the case, there is not really a support line for ETH on the chart yet. From the current level, the price could still fall to the important EMA100 line, which is currently at $1,713. If there is still no recovery here, the EMA200 should be at around $1,650 at the latest. Whether it really has to come to that depends primarily on the news that the next week has in store for the crypto market.
The only thing that is certain is that crypto enthusiasts are now switching to altcoins, which appear to be immune to the current pressure. The Tamadoge (TAMA) has been steadily increasing for more than a week and has tripled in value since it was revealed that the Play 2 Earn Meme coin will be listed on one of the top 5 crypto exchanges in the world on April 27th. So far, the TAMA can already be traded on 15 exchanges, but next week the largest so far will be added, which will not only significantly increase liquidity, but also the awareness of the project, from which the course should benefit even more.
Also at Love Hate Inu (LHINU) extreme scenes already play out in advance. The coin achieved enormous popularity within a very short time and in the presale of the LHINU token it turned over an incredible 5.7 million dollars in just a few weeks. The mix of meme and utility tokens should be the recipe for success. The hilarious polls have the potential to go viral on social media, while the Vote 2 Earn concept the project is coming with could soon revolutionize the multi-billion dollar polling industry.
Invest in LHINU now in good time and get into the presale.
The fact that the coin still enables guaranteed book profits until it is listed on the crypto exchanges, as the price increases several times in the various pre-sale phases, should also be a factor Love Hate Inu make known to many investors. The starting price on the crypto exchanges is 0.000145 USDT, while the coin is currently still available for 0.000125 USDT. After the start of trading, profits can be significantly higher if the price of the LHINU token increases accordingly.
About the author: Manuel Lippitz has been an entrepreneur and investor for several years. After founding a number of successful companies, investing in a wide variety of assets became increasingly important to him. On his real estate blog he writes about life as a landlord and with the commissioning of his first own mining stations in 2020, he increasingly focused on cryptocurrencies & NFTs and the opportunities that come with them.
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