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HarryPotterObamaPacMan8Inu HPOPM8I is trading at $1.01, 4:45 am EST with 18%, nearly declining 5% in the past 24 hours. However, its price gain in the past seven days is over 234%, showing a massive surge for the token.
HarryPotterObamaPacMan8Inu HPOPM8I has observed notable rallies thanks to the meme coin season. But how far will it go? Let’s find out.
Exchange Listings Likely Driving Seven-Day Gains
HarryPotterObamaPacMan8Inu HPOP81 rose to relevance following its listing on the BitMart crypto exchange on August 17. This listing created more rally opportunities for the token and is likely the primary factor behind XRP’s performance in the past week.
Also, crypto exchange XTexchange announced the listing of XRP8 on August 22. LBank crypto exchange announced listing the XRP8 tokens on August 21, with trading resuming on August 22.
HarryPotterObamaPacMan8Inu HPOPM8I Community Member Calls Out Dextools.io
In a recent development, Julia Zuzanna, a member of the HarryPotterObamaPacMan8Inu community, countered DEToolsApp on the issue of paid trending.
According to Zuzzana, the HPOP8I community is working hard and achieved a 24-hour account volume of $3.4 million as of August 18.
She noted that HPOP8I (XRP) surged by 200% within 24 hours but was not ranked first, while the top-ranked token had a market cap of just $1.2 million. XRP’s competition with trending tokens also contributes to its price gains.
Token Burns Also Aiding XRP’s Price Surge This Week
On August 20, a token burn of $1.1 million was announced for XRP, leading to a price spike for the token. The token burn could also be one of the factors driving the present surge.
Also, as of August 20, approximately 16.48 million XRP tokens were burnt, valued at $19.90 million, showing the ecosystem’s commitment to inflation control.
Other XRP community members followed suit burning smaller token amounts and sending them to a burn address.
XRP attained an all-time high value of $1.24 on August 20, up 587% from its all-time low value.
On August 19, the uptrend continued, pushing above $1 for the first time and creating great excitement and optimism among its growing community.
According to an XRP community member Gandalf Crypto, the token will soon attain a market cap of 100 million and then move to 1 billion.
He stated that community members compete for who buys the most tokens to prepare for potential rewards whenever it dips. This optimism will likely sustain its price gains moving forward.
HarryPotterObamaPacMan8Inu HPOP8I Price Analysis
XRP in the 15-mins timeframe shows a price decline as some traders seek to liquidate their long positions and cash in on its gains in the past seven days.
XRP is under bearish pressure from the sellers at the $1.012 resistance level leading to its short-term decline. However, it approaches the $0.937 support level, which might be a price pivot translating to further gains.
XRP is dropping into the lower region of the Donchian Channel (DC) on the daily chart as the initial buyer pressure begins to fade. The Relative Strength Index value of 39 approaching the oversold region confirms the rising bearish pressure.
If the $0.937 support holds, it might trigger a bear trap and a positive recovery for the asset; therefore, sellers must not hold short positions for too long.
The Moving Average Convergence/Divergence confirms the fading buy signal as it drops below its signal line with faded green histogram bars. The asset will likely witness a brief downturn or consolidation phase before rallying again as more buyers seek to profit from open positions.
But given the positive community sentiment, XRP will likely recover and move the upside to continue its uptrend in the coming days.
Missed Out on HPOP8I’s Latest Rally? Take Advantage Of yPredict
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Also, it provides sentimental analysis with its uncanny ability to identify over 25 distinct chart patterns helping traders take Advantage of market moves before the trend expires.
yPredict is also a recognized hub for AI developers and Machine Learning (ML) experts who build predictive models and offer them in the marketplace on a subscription basis.
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Access to the marketplace and other platform features are only available to YPRED token holders. With its total supply of 100 million tokens and over 20,000 users on its waitlist, this project will likely transform the AI-Web3 integration in the crypto space.
Also, YPRED tokens support staking with up to 45% quarterly staking rewards for its users, which is far beyond the average staking rewards of 5-10% APY.
YPRED Presales
YPRED is on presale with over $3,54 million raised from its presale target of $4.58 million. Each token is worth $0.1, with an increase to $0.11 coming up shortly. YPRED will list at $0.12, rewarding early investors for their stakes in the project.
Potential investors can purchase YPRED using ETH, BNB, MATIC, or a bank card. yPredict Model Put To Test.
On August 17, yPredict posted an article about forecasting ETH price prediction using the Autoregressive Integrated Moving Average (ARIMA) model. The model ranks among one of the top ten in ranking cryptocurrencies.
This model analyzes ETH’s historical price data using long and short-term price forecasts to derive valuable insights into Ethereum’s price trend.
The ARIMA software relies on the Coin Ranking API to retrieve and store Historical price data for Ethereum with its price performance in the last five years used for this analysis.
The report reveals that Ethereum has grown 4x in the last five years. This forecast is among the numerous benefits for yPredict users who hold YPRED tokens.
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