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It’s an incredible year in the world of finance and the economy. New cryptocurrencies have all but dominated the headlines of almost every publication related to capitalism & prosperity. Even entire countries have made accepting digital tokens a requirement for businesses. So this week is no different as headlines continue to rage. It’s now being predicted by Goldman Sachs that Ethereum (ETH) could overtake Bitcoin(BTC), but internet pioneer Jack Dorsey says he prefers Hamstercoin.
Of course, there are lots of new brands to be on the lookout for as well. In smaller market niches, coins like SafeTitan (STTN), BabyDoge, DogeCoin (DOGE), Shiba Inu (SHIB), and SafeMoon are stirring buzz.
Buy STTN Tokens
First, the official SafeTitan website posted a news blog about their ICO launch. It will be moved back to August 14th. It was earlier stated investors could buy the new cryptocurrency this month, July.
What’s the reason for the change? According to the digital token brand, the tech developers want a more thorough testing of back-end security. A crew of hired professionals and experts will do secondary analysis of APIs, token and exchange.
An apology was issued for the delay but this is actually great news. SafeTitan’s investment into such technology advancement speaks loudly of the new cryptocurrency ICO potential.
It’s set to be sold at .005 at the opening. Some web blogs suggest the token may see a 10x return on its’ token launch day. If China’s Social media influencers latch onto the brand, it could perhaps be more. Nicknamed “The China Coin,” there’s an untapped market-share of over 1-billion people reportedly within their internet marketing team’s reach.
And while STTN is sure to be a ‘moon ride,’ cryptocurrency Shiba Inu (SHIB) is waiting for full stabilization. Hundreds of thousands of people are following this coin movement globally via Twitter, Reddit, and Facebook.
Currently priced .000008695 cent, a fraction of a penny, this is still one the most highly speculated tokens on the market. It bullied its way onto the decentralized exchanges, Crypto.com and Coinbase. The biggest hurdle has been getting Robin Hood to accept the meme token.
With that possibly not happening this quarter, the news of today was huge for the DogeCoin rival. Shiba Inu coin is now enabled for purchases on Amazon, eBay, and Walmart. How’s this possible? July 6th, the Shopping.io platform began accepting SHIB. The token exchange app helps with the swapping of certain tokens that provide a certain volume of customers for its usage. A low percentage of tokens make it to this level of consumer appeal. It’s a big plus signal of how rich in branding the cryptocurrency is.
With all the winners, however, there has to be losers.
The SafeMoon token is having a rough week. Fxstreet reports that the former hot-shot crypto coin has lost its rocket power.
“SafeMoon price has no chance of going to the moon anytime soon” reads the site’s latest headline.
According to the financial analysis blogger Filip Lagaert, the Simple Moving Average (SMA) currently signals a further price decline. A ‘death cross’ is looming, which is a horrid omen. Unless some ‘whopping news story’ went viral about the coin, it’s unlikely buyer trends will change, and it lacks token usage volume to escape the downfall.
Anything is possible, but this is highly unlikely.
Ethereum Beats Bitcoin
Multinational investment bank Goldman Sachs Group Incorporated had prominent executives who spoke out against Bitcoin and cryptocurrencies around half a decade ago. Fast forward to 2021, now the company has more hands in on the coins than they’ll openly admit. Not only that, some of their top executives left to open cryptocurrency firms, realizing GSG’s failure to recognize the opportunity.
Now, the investment bank is completely open to digital currencies as crypto coin markets explode. And not only that, they have their highly skilled financial market analysts reviewing the flow of money daily. The team is likely looking for trends of benefit or potential failures, to make appropriate adjustments to stakes the company has in crypto token brands.
It appears as of this week Goldman Sachs Group’s investments in Ethereum will rise soon, if not already. After an in-depth study, the analysts of the multinational investment banking firm believe it is the coin of the future.
“[Ether] currently looks like the cryptocurrency with the highest real use potential as Ethereum, the platform on which it is the native digital currency, is the most popular development platform for smart contract applications,” said the Goldman Sachs analysts in a note to clients on Tuesday.
This was reported by Benzinga today and has spread across the crypto blogosphere & social media like wildfire.
After the wave of talks about GSG taking Ethereum over Bitcoin, Jack Dorsey couldn’t help but get his two cents on a trending crypto topic included in the hype.
Coincenter’s Neeraj K. Agrawal’ tweeted a comment on a video from Rep Sherm, claiming that the biggest threat to Ethereum was Dogecoin. It says a meme token should somehow overtake the most usable token to date.
A very unlikely scenario, in reality, is that DOGE beats ETH. It’s such an outlandish statement that Jack Dorsey poked fun at it, claiming the biggest threat to Ethereum tokens is HAMS or Hamster Coin.
“HamsterCoin” tweeted the tech billionaire. A simple response to Agrawal.
A huge nod to the Hamster token, it still did not get the boost many expected. It appears Jack’s tweets do not have the ground-shaking effects that Elon Musk’s do.