Shiba Inu (SHIB) and Aptos (APT) Stall, While a Surprise Coin Eyes Key Resistance Breakthrough

Shiba Inu (SHIB) and Aptos (APT) Stall, While a Surprise Coin Eyes Key Resistance Breakthrough

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On December 1, Bitcoin bagged a neat 3% gain, cruising past $38,800. Ethereum wasn’t far behind, nearly hitting the $2,100 mark. These upticks are backed by solid investor faith and a bit of a boost from MicroStrategy’s hefty Bitcoin buy-in. And let’s not forget, the U.S. SEC’s nod for public opinion on Fidelity’s Ether ETF adds some extra zing to the optimism.

But it’s not all smooth sailing in the altcoin sea: Shiba Inu (SHIB) managed a tiny bump, while Aptos (APT) took a slight tumble. Then there’s the dark horse, Step App (FITFI), sprinting ahead with a 7% rise in a day and a whopping 55% over the month. With solid returns, a squeaky-clean rep, and even celebrity accolades, FITFI is stealing the spotlight from the usual altcoin crowd.

As Bitcoin and Ethereum keep their heads high and altcoins like SHIB and APT dance to their own tunes, the rise of Step App (FITFI) poses the big question: is the move-to-earn sector the new crypto darling?

Imagine a world where your daily run or walk not only boosts your health, but also your virtual wallet. With Step App, your regular jog can net you anywhere from 5$ to 50$ per session! As the first move-to-earn application that empowered fitness with AI-assisted workouts, Step sets a new standard in the FitFi realm. Bolstered by its stable economy and lucrative ROI for users, the project caters to health enthusiasts and crypto fans alike, regardless of their experience with Web3. Injecting a burst of star-studded excitement, Step App basks in the glowing endorsements of legendary athletes like Usain Bolt, propelling its esteemed market reputation to even greater acclaim.

Transform Your Steps into Tangible Rewards with Step App

In Step, managing your earnings is effortless and subscriptions are available to further personalize your in-app experience and amplify rewards. Here, the magic lies in the FITFI and KCAL tokens – central to the app’s vibrant, contest-filled community and its continuous innovation, they hold potential for appreciation over time. Whether it’s upgrading your workout gear with KCAL or unlocking exclusive features with FITFI, these tokens are ready to enhance your fitness journey. In the run-up of 2024, Step is gearing up to unveil even more exciting features and airdrops, ensuring that both the community and the value of its tokens keep thriving.

Source: TradingView

Presently, Step App (FITFI) finds itself fluctuating between $0.003902 and $0.009948. Its price, hovering near the initial resistance level, marks a pivotal point for possible upward trajectory. The technical analyses contribute a hopeful perspective to this situation: the 10-day SMA has risen to $0.007677, suggesting an upward trend, and the 100-day SMA at $0.00464 supports an overall positive market sentiment. The MACD value at 0.000666, along with the RSI of 56.72, indicates a balanced mix of buying and selling forces.

A particularly encouraging indicator is the 24-hour trading volume of $17.5M, which exceeds the FITFI market cap of $17.4M. This reflects intense trading activity – often a precursor to short-term market valuation increase, in anticipation of future growth or favorable news. As Step App (FITFI) nears the conclusion of its public vesting on January 26, this increased interest might pave the way for it to breach its current resistance barriers. Looking forward, should this momentum continue, FITFI could potentially not only cross $0.009948, but also target higher levels at $0.01273 and $0.018776, particularly in light of the eagerly awaited new features.

Step Up Your Game – Join Now!

Shiba Inu (SHIB) is catching the crypto world’s eye with a jaw-dropping 1,000% spike in its token burn rate. Shrinking the coin’s supply, this move has stirred up investor interest and has pushed the SHIB price upwards despite the market’s ups and downs. Meanwhile, the scene at South Korea’s largest crypto exchange, Upbit, is buzzing with an intriguing 84 billion SHIB movement, worth over $700,000. This unexpected shuffle within Upbit’s walls, capturing a hefty chunk of the Shiba Inu (SHIB) total volume on the platform, has left traders speculating about possible strategic shifts or upcoming initiatives involving the meme coin.

Source: TradingView

Technically, SHIB is playing a tight game between its first support level at $0.00000736 and the first resistance at $0.00000945. Its 10-day SMA sitting at $0.00000829 and the 100-day SMA at $0.00000771 paint a picture of stability, suggesting Shiba Inu (SHIB) might be cozying up for some consolidation. The MACD, just a whisper at 0.00000005, and the RSI of 51.02, show a market caught in a tug-of-war, neither bearish, nor bullish. But there’s more beneath the surface – the coin’s MVRV ratio and 1-week price volatility have dipped, and there’s a growing chorus of negative sentiment. Yet, it’s still the darling of Ethereum whales, topping their trade charts.

Adding up the numbers, if SHIB bulls take charge, breaking past $0.00000945 could open the doors to higher targets like $0.0000106 and potentially $0.00001269. But if the bears growl louder, Shiba Inu (SHIB) might slide back towards $0.00000642 or even $0.00000433, especially with the murky moves tied to FTX and Alameda Research wallets. The Shibarium L2‘s recent milestones, processing millions of transactions, add a twist to the tale.

Aptos (APT) is making waves in the DeFi world, showing grit in tough market conditions. It’s catching eyes with big moves like Sushi, a top decentralized exchange, jumping ship from Ethereum to Aptos, signaling the readiness of APT to duke it out with other blockchains. On the launch front, Econia Labs just hit the ground running with its DeFi platform on the Aptos mainnet, after a testnet phase that drew a crowd. And then there’s SK Telecom from South Korea, tying up with Aptos (APT) and Atomrigs Lab for a Web3 wallet service. This deal is set to weave the T wallet into the dApp ecosystem of APT and add a cool tech edge with its MoveVM blockchain tech.

Source: TradingView

Technically speaking, Aptos (APT) is at a crossroads, trading between support at $6.04 and resistance at $8.2. The SMAs add to the story – the 10-day is slightly above its current stance at $7.16, while the 100-day hovers around the first support level at $6.03, hinting at a balancing act between short-term and long-term market moods. The MACD at 0.05 and the RSI of 49.06 further point to a balanced, albeit cautious, market atmosphere, with neither overwhelming buying, nor selling pressure.

Peering into the crystal ball, the bullish path could see APT leapfrogging over the $8.2 barrier, riding the wave of excitement from its recent collaborations and platform launches. This could set its sights on $9.41 and even $11.57. But if things go south, Aptos (APT) might backtrack to its support at $6.04, and if that floor gives way, $5.09 and $2.93 are waiting in the wings. The recent 5% dip in a week and 3.5% in two weeks throws in a bit of caution, reminding that while APT has the chops, it’s wise to keep an eye on how it plays with these new developments and market vibes.

In the bustling world of altcoins, Step App (FITFI), Shiba Inu (SHIB), and Aptos (APT) are stealing the show, each carving out its own path. FITFI is heading towards an exciting future where it leaps over current barriers and reaches new highs. This move-to-earn gem, buoyed by its strong economy and nods from celebrities, is poised to shake up the crypto fitness scene. SHIB, meanwhile, is stirring up drama with its significant token burn and the mysteries swirling around South Korea’s Upbit exchange. Its technicals paint a picture of calm before a possible storm, where any shift could send it soaring or plummeting.

APT is in the limelight too, thanks to smart partnerships and a knockout mainnet launch, placing it as a heavyweight in the DeFi arena. Its trading journey, teetering between support and resistance, mirrors the cautiously optimistic mood of the market – but there’s a hint of tension, a whisper of “what’s next?”. Will these crypto players ride the wave of their recent wins, or will market forces throw them a curveball? These unfolding stories are keeping everyone, from traders to casual observers, glued to their screens.

Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.



https://cryptodaily.co.uk/2023/12/shiba-inu-shib-and-aptos-apt-stall-while-a-surprise-coin-eyes-key-resistance-breakthrough

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About the Author: Daniel