Ethereum, VeChain and Shiba Inu – European Wrap 6 September

Ethereum price is coiling up after tagging a crucial psychological level. Investors can expect ETH to shoot higher as the overall outlook of the cryptocurrency market remains optimistic. In a highly bullish case, the smart contract token will likely set up a new all-time high.

 

VeChain price has been on a slow upswing after weeks of consolidation. However, the recent ascent breached a crucial resistance level, indicating the start of a new leg-up.

 

VET/USDT 1-day chart

Cryptocurrency market analysts believe that Shiba Inu coin can overtake Dogecoin, expect decentralized exchange ShibaSwap to burn more SHIB. The drop in SHIB’s circulating supply is likely to trigger a price rally.

 

 

 


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