Ethereum, Shiba & SafeMoon – American Wrap 04 May

Bitcoin price has kick-started its attempt to move higher, picking up Ethereum and Ripple along with it. Investors can expect BTC to revisit Monday’s high and reevaluate directional bias from there.

RYOSHI rewards to launch in mid-May after 23.9 billion Shiba Inu burned

23.9 billion Shiba Inu tokens have been destroyed, according to the ShibaBurn contract. RYOSHI rewards will be available on May 17 and continue every two weeks.  Analysts predict an explosive move in SHIB price, as the meme coin eyes a $0.00004 target. 

Why SafeMoon price could make a new all-time low

SafeMoon price action continues to frustrate bulls. The trend is not only bearish, but consistent new all-time lows on the daily Ichimoku chart continue to be made. Adding insult to injury, there is no evidence of any support as price is in discovery mode. 

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