The last 24 hours have seen significant changes in the crypto market, including the decline of Strategy's shares, Bitcoin's oversold status, and the losses of Shiba Inu holders.
Jason Calacanis's Forecast for Strategy
Jason Calacanis, a well-known American angel investor, shared his view on the recent price movement of Strategy's shares. He pointed out that the company's stock dropped from a peak of $543 to $276 overnight. Calacanis believes that, given the risk levels and debt load, a fair price for MSTR would be $180. The investor added that the stock's current situation is in 'uncharted territory.'
Samson Mow on Bitcoin's Oversold Status
Samson Mow, a prominent Bitcoin advocate and JAN3 CEO, commented on the recent plunge in Bitcoin's price, which lost 7% of its value, dropping to $88,8830. Mow labeled Bitcoin as 'oversold' and urged the market to recover its value. Analysts believe the crash was caused by the anticipation of upcoming import tariffs in the U.S. and large liquidations in the crypto market.
Shiba Inu's Losses: 60% of Holders in Red
Recent data shows that 60% of Shiba Inu holders are in the red due to the recent price drop. The main factors contributing to the losses include Shiba Inu's inability to maintain an upward trend and decreased interest in meme coins. To recover, Shiba Inu needs to overcome key resistance levels and regain investor confidence.
The crypto market remains volatile, with rapid changes in asset prices. Investors should stay informed and analyze the market before making decisions.
