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New York, NY, April 12, 2024 (GLOBE NEWSWIRE) -- Amidst the turbulent seas of the crypto markets, Ethereum (ETH) and Shiba Inu (SHIB) find themselves navigating stormy waters, facing challenges in their quest for a new rally. Despite efforts to regain solid footing, both ETH and SHIB encounter obstacles that hinder their upward momentum. In stark contrast, Furrever Token (FURR) emerges as a beacon of success, surpassing the impressive milestone of $770,000 in fundraising within just one month. While ETH and SHIB grapple with market dynamics, FURR's rapid ascent highlights its growing appeal and investor confidence in its promising trajectory.

Ethereum (ETH) Could See $4,000 Again Soon

Ethereum (ETH) is currently priced at around $3,502.22, marking a nearly 1% increase since yesterday. Despite recent fluctuations, Ethereum's price chart suggests signs of potential recovery, with indicators like the 30-day moving average stabilizing and the Relative Strength Index (RSI) climbing from 30 to approximately 45, indicating momentum.

The recent bounce-back of Ethereum's support level is also a positive indicator, alongside a doubling of trading volume, indicating heightened market activity. This surge in volume, potentially due to large investors' selling pressure, is encouraging as it hasn't significantly impacted Ethereum's price.

Considering the broader crypto market conditions, Ethereum seems poised for positive performance in the near and long term. It's expected to benefit from potential rallies following Bitcoin's upcoming halving event. Additionally, the potential approval of spot-based Ethereum ETFs could be a significant development, similar to the impact of Bitcoin ETFs on BTC's price.

Ethereum's robust fundamentals, particularly its significant share in the total value locked (TVL) aspect of the market, suggest it's primed for a substantial uptrend. This could see Ethereum reaching levels around $4,000 in the coming weeks and potentially $5,000 in the second half of the year.

Despite experiencing a 5% increase over the past week, Ethereum saw a 12.5% decline last month. However, it's important to note that Ethereum saw an 89% increase over the past year.

Analyzing Shiba Inu (SHIB): Consolidation, Potential Opportunities, and Market Indicators

Shiba Inu (SHIB) is currently trading at around $0.00002737, reflecting a 1% decrease since yesterday. The popular meme token has been in a phase of retreat and consolidation over the past six weeks. However, the cryptocurrency's price movement chart hasn't shown any reasons for investors to panic. On the contrary, experts suggest that a further 15% drop in SHIB's price could present a good buying opportunity.

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A recent report on Shibarium revealed a decline in transaction fees on the network, which could raise concerns about diminishing user activity and a potential decrease in demand. The 12-hour price chart for the meme token has highlighted the significance of the $0.00003 level since March 15. Bulls briefly turned to support in the last week of March but failed to hold, with the latest bounce also stopping just below this level at $0.00000295.

The Relative Strength Index (RSI) underscores the indecision with a reading of 47, while the Chaikin Money Flow (CMF) remains similarly uncertain. Notably, the cryptocurrency's price action and indicators indicate that SHIB is in a consolidation phase. CMF movement could potentially signal increasing buying (or selling) pressure and an imminent SHIB movement in that direction.

The 30-day MVRV ratio dipped into negative territory earlier this month, suggesting the token may be undervalued. Conversely, the average cryptocurrency age has shown a strong upward trend since early March, particularly signaling a robust buying signal due to strengthening under resistance levels.

Open positions have also significantly decreased in the last ten days. While the average cryptocurrency age rapidly declined in early March, stagnant circulation has largely increased since then. This quietness in stagnant circulation may signal a lack of significant selling pressure and token movement in recent weeks.

Furrever Token (FURR) Soars: How it Amassed $770,000 in a Month with Up to 15X Returns

Furrever Token (FURR) surged to amass over $730,000 in just one month, propelled by a strategic blend of captivating marketing, unique tokenomics, and a robust community-driven ethos. With an enticing offer of up to 15X returns and a current price of $0.00048, FURR's presale phase garnered significant attention and investment.

The token's allure stems from its innovative vision to inject the crypto sphere with an irresistible dose of cuteness, providing users with a delightful and charming experience distinct from conventional blockchain ventures. FURR's presale strategy strategically allocated 65% of tokens to early investors, incentivizing participation and capitalizing on the potential for substantial returns. Additionally, the dedication to lock 10% of tokens for a year underscored a steadfast commitment to project longevity, instilling confidence and stability within the community.

FURR's engagement initiatives, including regular challenges, launch events, and growth endeavors, fostered a vibrant and inclusive community atmosphere. The integration of adorable cat-themed stickers, emojis, and visuals into the ecosystem further enhanced user engagement, attracting a diverse audience beyond traditional crypto enthusiasts.

The absence of buy and sell taxes during trading streamlined transactions, while the active presence of admins and moderators on platforms like Telegram ensured prompt resolution of queries and issues, bolstering trust and credibility.

Overall, Furrever Token's captivating concept, strategic tokenomics, stringent security measures, and active community involvement propelled its rapid fundraising success, positioning it as a promising contender in the crypto landscape.

Secure the Most Exclusive Presale Opportunity of 2024 Today!

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Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.

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Navigating High ROI in Cryptocurrency: Ethereum (ETH), Shiba Inu (SHIB), and Furrever Token (FURR) - Yahoo Finance

Geneva, Switzerland, April 15, 2024 (GLOBE NEWSWIRE) -- SEALSQ Corp ("SEALSQ" or "Company") (NASDAQ: LAES), a company that focuses on developing and selling Semiconductors, PKI and Post-Quantum technology hardware and software products, today unveiled its innovative R&D projects blending IoT with cryptocurrency mining for the development of new, more energy-efficient mining algorithms that are tailored specifically for IoT devices.

The concept of integrating Internet of Things (IoT) devices with cryptocurrencies mining represents a significant innovation in the use of smart devices. SEALSQ is currently developing this technology as part of a research and development project. The full integration of IoT devices with cryptocurrency mining and payments is planned to coincide with the availability of the SEALCOIN token, which will serve as a critical component of this system. This approach ensures that once implemented, IoT devices will not only perform their standard tasks but will also engage in mining and transactions securely and efficiently, safeguarded against potential cyber threats.

Imagine your home smart meter not just tracking energy usage but also earning a small fraction of Bitcoin in the process. This scenario is becoming a tangible reality through the integration of Internet of Things (IoT) technology with cryptocurrency mining. As smart devices around the home evolve, an unexpected new functionality emerges: the ability to mine cryptocurrency. Securely powered by SEALSQ semiconductors and enhanced with Matter certificates, this smart meter does more than just measure your electricityit participates actively in the digital economy, ensuring safe and efficient operation while tapping into the lucrative world of cryptocurrency mining.

The deployment of this project will enable IoT devices to not only mine cryptocurrencies but also to process transactions directly, leveraging their operational downtime. This forward-thinking project is poised to transform everyday electronic devices into active participants in the cryptocurrency market, creating additional value and utility.

As a pioneer at the forefront of technology, SEALSQ is steering the future towards an innovative convergence of the IoT and cryptocurrency mining. This integration represents a significant step in the evolution of smart technology, merging everyday functionality with economic productivity.

With technological advancements, the processing capabilities of IoT devices continue to improve, making them increasingly suitable for cryptocurrency mining activities. SEALSQ is exploring the development of new, more energy-efficient mining algorithms that are tailored specifically for IoT devices. This research aims to further integrate the realms of smart technology and cryptocurrency, paving the way for a sustainable and efficient mining process.

The concept of utilizing IoT devices for cryptocurrency mining is still in its nascent stages, yet it embodies the innovative spirit of merging two revolutionary technological trends. While there are practical and technical challenges to address, the idea of transforming smart devices from mere convenience tools to active participants in cryptocurrency mining is a thrilling prospect.

As SEALSQ ventures into this new territory, a meticulous and thoughtful approach is paramount. The potential of IoT devices to contribute to economic activities, beyond their conventional uses, requires careful consideration to overcome obstacles and fully realize the opportunities this technological fusion offers.

About SEALSQ

SEALSQ is at the forefront of technological innovation in digital security and semiconductor technology. With a focus on developing solutions that address the challenges of the post-quantum era, SEALSQ is committed to ensuring the security and integrity of digital interactions and transactions across various industries.

SEALSQ focuses on selling integrated solutions based on Semiconductors, PKI and Provisioning services, while developing Post-Quantum technology hardware and software products. Our solutions can be used in a variety of applications, from Multi-Factor Authentication tokens, Smart Energy, Smart Home Appliances, and IT Network Infrastructure, to Automotive, Industrial Automation and Control Systems.

Post-Quantum Cryptography (PQC) refers to cryptographic methods that are secure against an attack by a quantum computer. As quantum computers become more powerful, they may be able to break many of the cryptographic methods that are currently used to protect sensitive information, such as RSA and Elliptic Curve Cryptography (ECC). PQC aims to develop new cryptographic methods that are secure against quantum attacks.

For more information, please visit http://www.sealsq.com

Forward-Looking Statements

This communication expressly or implicitly contains certain forward-looking statements concerning SEALSQ Corp and its businesses. Forward-looking statements include statements regarding our business strategy, financial performance, results of operations, market data, events or developments that we expect or anticipates will occur in the future, as well as any other statements which are not historical facts. Although we believe that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates which are inherently subject to significant uncertainties and contingencies, many of which are beyond our control. Actual results may differ materially from those expressed or implied by such forward-looking statements. Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the success and timeline of SEALCOIN's launch; the timeline for and the successful release of the Machine-to-Machine (M2M) Proof of Concept (PoC); SEALs token Issuance and Exchange Listing before the end of 2024; SEALSQ's ability to continue beneficial transactions with material parties, including a limited number of significant customers; market demand and semiconductor industry conditions; and the risks discussed in SEALSQ's filings with the SEC. Risks and uncertainties are further described in reports filed by SEALSQ with the SEC.

SEALSQ Corp is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.

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SEALSQ Launches Industry Research and Development Initiative Blending IoT with Cryptocurrency Mining - GlobeNewswire