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Cryptocurrency enthusiasts and investors are on high alert as they eagerly speculate whether PLANET, a digital currency generating considerable buzz, has the potential to experience huge growth.
The new payment solution for trading transactions around the globe, PLANET, has gained considerable attention, and it’s expected toc skyrocket by 300%.
The promising prospects of PLANET and its potential to skyrocket have captivated the attention of market participants, intensifying the already vibrant atmosphere in the cryptocurrency realm.
Traders and experts are closely monitoring PLANET’s trajectory, anticipating a significant leap that could position it as a prominent player in the crypto landscape.
The crypto asset is increasing crypto liquidity by tracking innovative financial technologies’ value. Also, it helps investors to generate passive income by combining pollution monitoring with the blockchain.
PLANET Token Price Prediction Based On Technical Analysis
The value of Planet Token is anticipated to increase by 6.37% and reach $ 0.00007419 by July 3, 2023, according to recent price predictions for the cryptocurrency.
The present sentiment is bearish, and the Fear & Greed Index is displaying 62 (Greed). With price volatility over the past 30 days, Planet Token recorded 9 out of 13 (69%) green days.
It seems the current time isn’t good for purchasing Planet Token. But investors and enthusiasts are eagerly anticipating the future of PLANET in the ever-evolving cryptocurrency market.
Based on the data of June 28, 2023, the general state of Planet Token’s price is bearish. Notably, 12 technical analysis indicators show bearish signs, while none depict bullish indications. Currently, the price of PLANET is $0.004348, and in the last 24 hours, PLA has decreased by 2.00%.
As of the time of writing, it is 2.77% high from its 7-day all-time low of $0.004231 and 4.50% lower than its 7-day all-time high of $0.004553.
Based on the current price of the classical pivot point (P1), which is $0.00007124, Planet Token has support levels of $0.00006801, $0.00006510, and $0.00006186, respectively. The resistance levels for Planet Token are $0.00007415, $0.00007738, and $0.00008029.
PLANET Token Correlation
According to the same source, over the previous week, the prices of Binance Coin (BNB), Maker (MKR), XRP (XRP), OKB (OKB), and Cardano (ADA) were most positively correlated with Planet Token, while Zcash (ZEC), Bitcoin Cash (BCH), Bitcoin SV (BSV), Dash (DASH), and IOTA (MIOTA) were most negatively correlated.
The price of Planet Token has a negative correlation with the top 10 cryptocurrencies by market capitalization, excluding Tether (USDT), of -0.074, and a negative correlation with the top 100 coins by market capitalization, excluding all stablecoins, of -0.231.
When two currencies move in the same way, there is a statistical possibility that Planet Token will also move in the same direction.
When Planet Token moves one way and other adversely connected currencies go the other way, the two currencies are said to be negatively correlated.
Smart Contract Analysis Platform Unveils Key Details About Token PLANET (PLANET)
The widely used blockchain explorer and analytics platform for the Ethereum blockchain, Etherscan, has provided an overview of PLANET.
It revealed the token’s max token supply, total transfers so far, and the current number of token holders. According to the data from Etherscan, the max token supply of the PLANET tokens is 1,000,000,000,010 PLANET.
Also, the Token PLANET crypto (PLANET) has a gradually increasing number of holders, currently recording 4,756 holders. Furthermore, the total transfers carried out so far, as depicted on the Etherscan platform, shows up to 24,969 transactions so far.
Out of the total number of holders on the Etherscan platform, the top 1,000 holders are causing traction with their massive token transactions.
From the list of the top 1,000 holders, the first 10 holders hold massive quantities of the $PLANET tokens by percentage. Among these, one particular address is capturing attention for its significant holdings.
Identified as Mexc.com 3, this address ranks as the number 1 holder, possessing a massive quantity of 88,151,663,648.202607413514164159 PLANET tokens. This astonishing figure is approximately 8.8152% of the total PLANET tokens in circulation, according to Etherscan.
Considering the significant stake held by Mexc.com 3, its position as a major player in the Token PLANET ecosystem is solidified, potentially impacting market sentiment and dynamics.
The second-ranking PLANET holder records over 6.0000% of the tokens, amounting to 60,000,000,010. The third wallet holds up to 5.0025%, further highlighting the awareness of possession among these leading addresses.
The importance of the top 10 holders’ holdings cannot be understated, as they have a significant impact on the future direction of the token and the general attitude of the market.
Etherscan has become an essential tool for Ethereum users, developers, researchers, and businesses, providing transparency and accessibility to the Ethereum blockchain’s data.
A better comprehension of the distribution and activity of PLANET coins is revealed through Etherscan’s statistics, providing investors and enthusiasts with insightful information.
Moving Average & MACD Signals Bullish Momentum
The asset is currently trading above the moving average indicator, which indicates a bullish trend in the market. This suggests that the asset’s price is generally increasing and surpassing its average price over a specific period.
Traders often interpret this as a positive signal, potentially leading to further price appreciation and attracting more buyers.
Also, according to the chart from Dextools, the Moving Average Convergence Divergence (MACD) oscillator is above its signal line, suggesting bullish momentum.
The histogram bars above the zero line and showing strong green further confirm the bullish sentiment present in the asset.
The Relative Strength Index (RSI) is at 45.13, indicating neutral pressure from either the buyers or sellers. However, an RSI value below the 30 regions will shift the market sentiment to bearish, resulting in high selling pressure.
Considering other factors and indicators for comprehensive analysis is important before making trading decisions.
Dexscreener Highlights the Strengths of PLANET
According to Dexscreener, one of its standout attributes is the tax-free buying mechanism, which sets it apart from other tokens.
By eliminating taxes during the purchase process, PLANET enhances its appeal and incentivizes prospective buyers.
Moreover, the flexibility to adjust tax rates adds an extra layer of appeal, making PLANET even more enticing and fostering increased interest from buyers and investors alike.
According to Dexscreener, a platform renowned for its analytics and insights, PLANET is classified as an open-source cryptocurrency.
This classification implies that the code and technical details of PLANET are accessible to the public, allowing for transparency and encouraging community involvement.
Dexscreener’s analysis also reveals that PLANET operates without a proxy account, which means it doesn’t rely on intermediaries or delegates to facilitate transactions.
This streamlined approach simplifies the transaction process, reducing complexity and enhancing efficiency. Notably, Dexscreener sheds light on LUMI’s price-sustaining mechanism, which prevents a wallet from selling its assets all at once.
This mechanism aims to maintain stability and prevent abrupt market fluctuations by regulating the pace at which assets are sold.
One of the most significant features highlighted by Dexscreener is PLANET’s incorporation of an anti-whale mechanism within its smart contract.
This mechanism limits the maximum token amount or transactions associated with a single address. However, Dexscreener also draws attention to one notable issue: the presence of a blacklisted wallet associated with PLANET.
This indicates that certain addresses or individuals have been identified and restricted from engaging in transactions involving the token.
Blacklisting is typically a measure taken against suspicious or fraudulent activities, such as hacking, scamming, or engaging in illicit practices.
In summary, PLANET’s unique attributes, including the tax-free buying mechanism, openness, absence of proxy accounts, price-sustaining mechanism, and anti-whale mechanism, make it an intriguing digital market.
While Dexscreener’s analysis highlights the strengths of PLANET, it also emphasizes the importance of vigilance and security measures, such as blacklisting, to maintain a safe and transparent environment for investors.
YPredict (YPRED)
The yPredict project offers investors and crypto lovers access to many AI-powered crypto analysis devices. $YPRED, the token empowering the AI ecosystem, is precisely built for traders and analysts.
The brand-new project combines AI and machine learning technology to offer its users real-time trading signals for better trade decisions.
To save time and ensure the best trading methods, the platform automatically chooses the best indicators based on past performance. YPredict is powered by Polygon, which helps boost investors’ trust and efficiency.
The project’s estimator accurately predicts backlink counts, data-driven decisions, and authority metrics. With the help of the backlink estimator, yPredict stays ahead of competitors.
The trading platform offers exclusive features such as transactional data analysis and automated chart pattern recognition for stocks and crypto.
yPredict aims to revolutionize the method crypto traders and enthusiasts understand data. Additionally, its data on market sentiment, chart patterns, and crypto price trends are free of human errors.
The project is in its 6th stage presale. Investors seize the opportunity to elevate the trading game and maximize their investments. Since the yPredict presale started, the project has witnessed massive success, with investors’ interest increasing significantly.
The project has breezed past the $2. 6 million mark for $0.09 in its ongoing presale. The demand is increasing, with 20,000+ members available on the site.
Investors must be vigilant not to miss out before the presale runs out, given the rate at which yPredict’s $YPRED coin continues to sell out.
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