CyberConnect Price Prediction: CYBER Skyrockets 20% – What’s Behind This Surge?

The CyberConnect token $CYBER stunned crypto enthusiasts with an impressive performance in the past weeks.

The $CYBER token was listed on Binance on August 15 at 08:00 EST. Shortly after this announcement, it recorded an 80% increase. Unfortunately, this spike was short-lived as the coin slid from $6 to $4.92.

Despite this price drop, $CYBER is still up by over 100% in the last seven days, and as of 4:70 am EST, the coin is trading at $4.66 in the past 24 hours.

In addition, its 24-hour trading volume has increased by 200% and now sits above $167 million.

Could Latest Upbit Listing Propel $CYBER Price to The Moon?

The prominent cryptocurrency exchange in South Korea revealed its intention to integrate the CyberConnect (CYBER) token into its BTC market from today, August 22, 2023.

According to the announcement, users can start making deposits of CYBER to the exchange within three hours after the official announcement. But, the cryptocurrency exchange warned that only deposits from the Ethereum network will be accommodated.

GM Korea 🇰🇷 👀 https://t.co/HPNeiXZHq7

— CyberConnect (@CyberConnectHQ) August 22, 2023

Also, trading for the CYBER token will start on August 22, 2023, at 09:00 “Coordinated Universal Time +3 (03:00 EST). For the first five minutes of trading, people won’t be able to place orders to buy the CYBER token, but they can sell it. 

Also, when selling during this time, the price can’t be more than 10% lower than the previous day’s closing price, which was 0.0001785 BTC, according to CoinMarketCap.

Both market and limit orders will be subjected to analogous restrictions for one hour, a precautionary measure to ensure a seamless trading commencement.

The listing on “South Korea’s largest cryptocurrency exchange, Upbit, will likely boost the CYBER token’s visibility and accessibility, potentially leading to increased trading activity and investor interest. 

This heightened exposure and availability could contribute to a positive price trend for the coin.

CyberConnect Partnership with Animoca Brands Might Increase Adoption Rate

Animoca Brands and CyberConnect, the trailblazers in blockchain-powered social networks, have teamed up to create a decentralized social feature for Mocaverse.

Mocaverse is a collection of NFTs launched by Animoca Brands to connect the different entities in its web3 investment collection.

The partnership’s positive results, like effectively adding the decentralized social element and greater adoption of Mocaverse, could positively influence $CYBER.

Can CyberConnect Sustain Bullish Momentum?

The CyberConnect one-hour trading chart indicates that the coin is in a consolidation zone, priced between $4 and $5. On the hourly graph, the CYBER/USD pair trades above its Moving Average (MA), signifying a short-term bearish market sentiment and a potential correction.

This observation suggests that the current market price has dropped below the average price over one 1-hour, implying increased selling pressure. Looking at the chart, the market is heading toward the MA from below, which could indicate a potential reversal or shift from a downtrend to an uptrend. 

In addition, while the price approaches the MA and the asset records a high trading volume, it could indicate that more buyers are entering the market, possibly anticipating a reversal or a continuation of the current trend. 

This heightened activity might reflect growing confidence among traders that the price might breach the MA, leading to a potential upward movement.

Meanwhile, the Moving Average Convergence Divergence (MACD) below the signal line indicates bearish momentum. But, the fading of the MACD’s red histogram bars suggests that the bearish momentum might weaken or lose strength. 

This could signify a transition or reversal from a bearish phase to a more neutral or bullish market sentiment. The asset’s Relative Strength Index (RSI) level of 47 indicates a relatively neutral stance in the market. 

A level of 47 suggests that the current momentum doesn’t strongly lean towards overbought or oversold conditions.

This general market analysis might suggest that the market is in a transitional phase, possibly preparing for a shift in direction. But taking a holistic market view before making trading decisions is essential.

While CyberConnect coin is making waves in the cryptocurrency market, this new meme project also performs positively.

CyberConnect Alternative – Wall Street Memes Presale Bags $25M

As the meme coin industry shows recovery, the upcoming project Wall Street Memes (WSM) is garnering notable attention from investors after raising over $24 million. The project aims to bring positive energy and excitement to the cryptocurrency market with its token designed for meme coin enthusiasts.

As expected, the buzz surrounding this presale has extended to social media, leading to Wall Street Memes’ Twitter account amassing a following of 260,000 individuals. 

The official Wall Street Memes Telegram group has expanded to include 18,500 members, showcasing the robust backing from individual investors. The huge awareness of Wall Street and the project’s massive presale performance has also drawn prominent Youtbuer’s attention.

Wall Street Memes has captured the attention of influencers, including crypto YouTuber Michael Wrubel, who boasts a subscriber base of over 310,000.

Another top $WSM fan and Youtubuer, Zach Humphries, recently disclosed on his channel that he has invested $1,000 in the project.

🤣

— Elon Musk (@elonmusk) April 22, 2023

Also, there’s Joe Parys, who shared his belief that there’s a significant potential for $WSM to increase its value by 100 times with his 380k YouTube subscribers just over a week ago.

Adding to this, another influential, CryptoDexWorld, YouTube channel envisions Wall Street Memes could follow the footsteps of Pepe coin due to its active community.

With an enthusiastic online community, influencer recognition, and a brand that resonates with memes, there’s more anticipation about the imminent entry of $WSM into the public market.

As the presale wraps up, the scene is set for $WSM to leverage this energy to move into its official launch stage.

Wall Street Memes Tokenomics Focus on Long-Term Stability

As detailed in the Wall Street Memes whitepaper, the team allocated 20% of the overall WSM supply for liquidity on centralized (CEX) and decentralized (DEX) exchanges. This strategic move aims to mitigate price fluctuations swiftly. 

Furthermore, 30% of the supply has been designated for community incentives and rewards, such as distributing airdrops to WSM holders. Subsequent roadmap goals involve establishing an exclusive community for WSM holders and striving to achieve a market capitalization of $1 billion. 

By positioning itself as a meme coin with a difference, WSM can attract more investor interest. As such, interested investors can visit the website to grab as many tokens as possible before its price skyrockets.

Also Read:

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