Amid the ongoing meme coin frenzy, SMITH Coin has surged an astonishing 1300%, capturing the attention of cryptocurrency enthusiasts.
The remarkable price increase has sparked discussions about whether SMITH Coin could follow in the footsteps of previous meme coin successes, such as Pepe Coin.
Agent Smith (SMITH) is a digital asset built on the Ethereum blockchain. Its current value is $0.000025 per unit. Agent Smith can be traded on a single exchange, with one active market available.
Over the past 24 hours, the trading volume of SMITH Coin reached $363k. As for market capitalization, it currently stands at $890k. Agent Smith Coin ($SMITH) has experienced high volatility for the past 24 hours since the coin was launched.
It began trading on July 12, 2023, at approximately 07:00 UTC, at a price mark of $0.000001625 and has since increased in value by over 1200%. According to Dextools data, the coin surged to $0.00003831 within a few hours of launching.
However, the price dropped due to the weak hands whose intentions were specifically for profit-making or to cause FUD within the community.
As such, the coin has formed over four bearish candles based on the chart from Dextools and is moving downward. This reflects the bearish sentiment present in the asset.
Price Analysis Using Technical Indicators
The 15M chart above shows that SMITH/WETH dropped below the lower band of the Bollinger Bands indicator and started rising, often indicating a potential bullish reversal or a buying opportunity.
The lower band represents a lower price boundary, and SMITH/WETH rises from this level, it suggests a potential upward momentum.
Traders and investors may interpret this as a signal to enter long positions or expect further price appreciation, as the asset’s movement suggests a potential shift towards higher prices.
Additionally, the Relative Strength Index (RSI) level of SMITH/WETH is currently at 32, indicating that the asset is approaching or in an oversold condition. This suggests the asset may be undervalued and could experience a price reversal or bounce shortly.
However, Traders and Investors should employ other notable analysis tools before making investment decisions, as the wider crypto market is highly volatile.
Key Price Levels
As depicted on the 15-minute trading chart above, the asset is heading toward the primary support level of $0.00002316.
A break below this level will automatically signal a potential bearish sentiment which might as well triggers short-term bearish momentum. The next significant support level is located at the price mark of $0.00001582.
On the other hand, if the price of SMITH Coin could not break through the first support level of $0.00002316, there may be a trend reversal, as was shown on the Bollinger Band and RSI indicators.
It is important to note that the primary resistance level is at $0.00002904, while the second resistance is located at $0.00003849.
Mr. Hankey Coin’s Anticipated $500k Presale Launch This Week Poised to Ignite Viral Meme, Coin Craze
Excitement and anticipation are building as the launch of a new meme project, Mr. Hankey Coin, approaches.
The upcoming initial coin offering (ICO) that’s set to commence at 6 pm UTC today, July 13, has already generated FOMO (fear of missing out) and hype within the community.
Inspired by the beloved South Park character, Mr. Hankey, who gained popularity since his debut in 1997, this project has attracted attention.
The presale for $HANKEY is expected to take place around 6 pm UTC on July 13, with the team planning to disclose further details and the precise launch timing through their social media channels.
The team’s rumored association with previously successful meme coins like $SPONGE has added to the token’s anticipation.
Mr. Hankey ($HANKEY) Tokenomics
The $HANKEY initial coin offering (ICO) is set to surprise investors with a secretive drop and a minimal token supply designed to create a sense of urgency and demand.
With only 400 million tokens in circulation and a strict hard cap of $500,000, the team anticipates that all tokens will be purchased by the start of the weekend.
The presale allocation comprises 40% of the total maximum supply of 1 billion tokens, while an additional 40% is designated for the liquidity pool upon the decentralized exchange (DEX) launch.
This unique combination of a small hard cap, intense FOMO (fear of missing out), and ample liquidity sets the stage for potential price growth as orders flood in and the wider market eagerly participates.
Furthermore, with liquidity set to be locked at launch, the risk of a sudden withdrawal of funds (rug pull) is eliminated, reassuring investors.
The remaining token supply has been distributed to specific areas, with 10% allocated for the marketing budget, 5% allocated to the team and development efforts, and 5% reserved for centralized exchange liquidity.
These allocations ensure that resources are allocated to support marketing initiatives, team operations, development activities, and liquidity provision on centralized exchanges.
The official Twitter page of Mr. Hankey Coin (@MrHankeythecoin) has garnered a significant following, surpassing 5,600 followers.
Additionally, the project’s Telegram community is rapidly approaching the 1,000-member mark, indicating growing interest and engagement among cryptocurrency enthusiasts.
It is important to note that there are a few other projects that have fewer followers but still manage to perform significantly.
Interestingly, an Eric Cartman-themed coin that did not have up to 1000 followers on either Twitter or its Telegram channel still managed to smash a market cap of $150,000 in May.
The emergence of Mr. Hankey Coin can potentially ignite the initial wave of enthusiasm surrounding tokens inspired by South Park.
This project could serve as a catalyst, generating substantial interest and attracting attention to the broader market for South Park-related tokens.
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