The market capitalization of the GameFi track rose 11.9% in the day, what other cryptocurrencies are favored by Shiba Inu whales?

The top three currencies on the list of real-time gains in the GameFi track are TAMA, ID, and DEGEN. The top three currencies in terms of turnover are BTC, ETH, SOL.

The Meme project Floki announced that it has burned 190.91 billion FLOKI, about $47 million. At the same time, PEPE, YFI, and GMT are at the top of the 24-hour inflow list of Smart Money.

There are several cryptocurrencies that are favored by Shiba Inu whales: ⬇️

1. Cardano (ADA)
ADA continues to make waves in the crypto space, although its exclusion from the new Grayscale Fund may initially affect its price trajectory. In the short term, ADA could test the nearest resistance at $0.75 and possibly $0.85 if momentum builds and interest continues to rise. The MACD and 10-day moving average indicators support a "buy" stance, reflecting the underlying strength of the market.

On the other hand, the possibility of ADA falling to the nearest support level of $0.52 or even the second support level of $0.38 cannot be ruled out. Especially, if market sentiment deteriorates due to a grayscale announcement. Nonetheless, the 100-day moving average also points to a buy foothold, indicating an overall bullish long-term outlook. This dichotomy between expected near-term pullbacks and long-term optimism reflects the liquid, adaptable nature of the cryptocurrency market.

2、SEI
SEI is currently trading at $0.89 with the potential to move towards the nearest resistance level of $1.05. The 10-day and 100-day simple moving averages suggest buying, while the trend-induced spike in the Dog Meme Coin (as we saw the Seis Dog Meme Coin surging 210% in a day) is likely to be the main factor contributing to the bullish SEI campaign.

However, the MACD recommends selling, which could signal a trend reversal. The nearest support is $0.60 and then $0.36, and it is not impossible for the price to fall. The hype of the dog meme coin can sometimes be short-lived, which can cause price fluctuations. Long-term stability depends on reliable practicality, and this has yet to be tested.

3、Avalanche
Avalanche is in the process of updating its web wallet. The move is likely to attract new users, which in turn will support the price of AVAX. If the currency price is at $42.37, it could rise to the nearest resistance at $46.32 or even the second resistance at $51.66. The continued push of the updated wallet may push it across these hurdles. The 10-day and 100-day simple moving averages recommend buying, indicating good market sentiment.

However, this change may trigger uncertainty and may affect the price. If sentiment falters, the currency could fall to the nearest support level of $33.98 or even lower to the $26.97 level. While indicators such as RSI and Stochastic RSI suggest neutral action, it's crucial to consider this potential volatility when investing in AVAX. Investing comes with risks, and this update is no exception.

4、Solana
The price of Solana is currently at $147.32, which is gaining momentum. Considering the investment from Pantera Capital, it could challenge the nearest resistance at $142.72 and target the second resistance at $160. Solana's technical indicators signal buying opportunities, supporting the uptrend. Its 10-day simple moving average is at $131.56, cementing the bullish stance.

However, the cryptocurrency world is notoriously unpredictable, and the possibility of a collapse in the price of SOL should not be ruled out. Investors must be prepared for a decline, with support levels at $100.87 and $76.03. Although indicators strongly recommend buying, SOL's long-term average of $97.60 suggests that cautious sentiment should dampen optimism. Regardless of the immediate rise, maintaining a balanced view is important to mitigate potential risks.

As we sail through the sea of cryptocurrencies, all the mentioned tokens (ADA, SEI, AVAX, and SOL) offer interesting possibilities for investors. However, due to its innovative ideas and position in the thriving Blast ecosystem, BlastUP seems to have a golden ticket in this roller coaster scene. The token presale announced a promising start, with the project's dedicated team and ambitious vision giving it great potential. Watch this space, because the Shiba Inu whale may have another trump card.

(Data source: Internet)