Ethereum Faces Bearish Pressure, Shiba Inu Expands with Visa, Furrever Token’s Referral Bonuses Skyrocket

The post Ethereum Faces Bearish Pressure, Shiba Inu Expands with Visa, Furrever Token’s Referral Bonuses Skyrocket appeared first on Coinpedia Fintech News

As Ethereum faces bearish pressure with bears aiming to keep its price under $3600, Shiba Inu continues to expand its utility by being included for Visa card payments on Crypto.com. Meanwhile, Furrever Token’s referral bonuses are skyrocketing, offering a unique and adorable twist in the crypto space. With Ethereum’s options data highlighting a challenging market, Shiba Inu’s new Visa compatibility enhancing its real-world use, and Furrever Token captivating the community with its cuteness and lucrative referral program, the crypto landscape is more dynamic than ever.

Ethereum Options Market Analysis: Outlook for June 28 Expiry

Ethereum (ETH) faces a critical juncture ahead of its June 28 options expiry, with market sentiment shifting amidst regulatory uncertainties. Initially buoyed by optimism surrounding a potential spot ETF approval, ETH surged but failed to sustain levels above $3,600. Currently consolidating around $3,500, the $3.5 billion in options set to expire on Deribit, along with significant positions on OKX and Binance, reflect cautious investor sentiment.

Bulls, hopeful for a push above $4,000, now contend with regulatory delays and a 0.62 put-to-call ratio favoring put options. Regulatory clarity from the SEC regarding ETH’s classification as a security provided temporary relief but did not fuel sustained bullish momentum. The options landscape indicates varying scenarios, with significant call options concentrated around $3,600 to $3,900, potentially favoring a $500 million gain if ETH rallies.

If a spot ETF isn’t approved, expectations point to stability around $3,500, with cautious optimism due to ongoing regulatory uncertainties affecting crypto markets.

Shiba Inu (SHIB) Gains Traction with Crypto.com Visa Card Integration

Shiba Inu (SHIB) has recently become more popular after being added to Crypto.com’s Visa card funding choices, which is an important step in its adoption. Crypto.com’s announcement means people can use over 100 cryptocurrencies, including meme coins like SHIB, to fund their Visa cards. This change makes SHIB more useful and shows it’s now part of everyday financial transactions.

Crypto.com, a prominent crypto exchange platform, hosts a wide user base that utilizes its Visa card for everyday cryptocurrency transactions. By accepting SHIB for card funding, Crypto.com expands the practical applications of Shiba Inu beyond speculative trading, potentially increasing its demand and value in the market.

The move is seen as a validation of SHIB’s growing acceptance and utility in digital finance, potentially sparking renewed investor interest and trading activity. Despite a recent bearish trend with SHIB trading at $0.00001805, the integration news could catalyze a price rebound as investors react to increased accessibility and use cases.

Overall, the inclusion of Shiba Inu in Crypto.com’s Visa card funding options not only broadens its adoption horizon but also strengthens its position as a viable digital currency for everyday transactions, further bolstering its market presence and investor confidence.

Furrever Token’s Adorable Rise in the Crypto Market

Furrever Token (FURR) is making waves in the crypto community with its unique combination of cuteness and community engagement. Currently priced at $0.000732, Furrever Token has already raised over $1.3 million in its presale and is in stage 9 of 10, aiming to raise a total of $1.9 million. Investors are particularly excited about the potential for up to 15X returns as the token prepares for its launch on PancakeSwap. This adorable project, built on the BNB-20 blockchain, focuses on creating a whimsical ecosystem centered around the charm of cute kitties. With 65% of its 9 billion tokens available during the presale, 25% allocated for DEXs, and 10% locked for the team for a year, Furrever Token ensures a balanced and fair distribution.

The referral bonuses are also contributing to the token’s rapid growth, rewarding users with 10% in FURR Tokens for deposits made through personal referral links. This exciting feature encourages community members to spread the word and invite others to join the fun. The project’s security and compliance are top priorities, with audits conducted by Securi Lab and a smart contract visible to the community. The active and engaged community, boasting over 5k organic members on Telegram, further solidifies Furrever Token’s presence in the crypto space. With its focus on fun, cuteness, and community, Furrever Token is poised to bring a breath of fresh air to the crypto landscape, offering a delightful and profitable experience for all its supporters.

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