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The Meme AI price soared 56% in the past 24 hours to trade at $0.009045 as of 6:19 a.m. EST.
The pump comes as MEMEAI introduces the Meme AI NFT Collection, and as the meme coin sector bounces back after a difficult week. The sector’s market capitalization has climbed 4% in the past 24 hours.
https://twitter.com/Memeaicoin/status/1776316786851393794
Meme AI Price Prediction
Looking at an in-depth analysis, we notice that Meme AI has experienced a significant uptrend in the past few days, as indicated by the large green candlesticks.
However, the price has consolidated following this rise, with smaller candlesticks indicating a period of lower volatility. There appears to have been a slight uptrend recently, as the last few candlesticks are green, and the price is above the Alligator indicator lines.
The Alligator indicator (composed of three moving averages) shows signs of convergence in the middle of the chart, suggesting that the market was in a range-bound state with no clear trend.
Towards the right side of the chart, the lines start to separate, with the green line (the lips) on top, followed by the red (the teeth) and then the blue line (the jaw) underneath which is a bullish signal.
The RSI (Relative Strength Index) hovers around the 60 mark, indicating bullish momentum. Since it is not above 70, the market is not considered overbought, leaving some room for potential upside before becoming overextended.
On the other hand, the ADX (Average Directional Index) is trending around 30, which signifies that the market has the potential to establish a trend.
4-Hour MEMEAI/USDT Chart | Source: TradingView
Meanwhile, as the Meme AI price pumps, investors looking for strong alternatives might want to consider Sponge V2.
A Promising Alternative
Sponge V2 is the successor to Sponge V1, which wowed markets last year by surging 100X after launch during the crypto winter, amassing a market cap of $100 million. From its all-time low last year, Sponge has skyrocketed 7,411%.
Sponge V2 preserves the key components of the original meme token while introducing new uses and features. One of the new features is staking, which gives an annual percentage yield (APY) of 367% on Polygon and 167% on Ethereum. Over 9.6 billion tokens have already been staked.
If you missed out on $SPONGE V1, don't miss out on #SpongeV2!
Time to stake your $SPONGE! 🚀🧽#MemeCoin #Web3 #Altcoins #BullMarket #Bullish #Trade pic.twitter.com/oNwatR7ihw
— $SPONGE (@spongeoneth) February 10, 2024
The Sponge V2 team is also adding a play-to-earn (P2E) game. Players can play and rank on the leaderboard to earn $SPONGE tokens. Users can choose to upgrade to the paid version to earn additional $SPONGEV2 tokens, or play for pleasure on the free version.
The P2E game will increase the Sponge ecosystem’s enjoyment and addictiveness.
Don't forget, #SPONGERS! 🧽💦#SpongeV2 is bringing exciting utility through our upcoming #P2E game! 🔥
Get ready to earn $SPONGE tokens by playing the game and ranking on the leaderboard.
Stay tuned for more info! 🚀#MemeCoin #Crypto #Alts #100x pic.twitter.com/5aaLxGz8N1
— $SPONGE (@spongeoneth) March 22, 2024
Oscar Ramos, a YouTuber and cryptocurrency analyst with 76k subscribers, says that Sponge V2 has the potential to explode 100X on launch.
If you missed the Meme AI price pump, consider Sponge V2, which also stands to gain from its plan to add more top-tier exchange listings soon.
You can purchase the token by visiting the Sponge V2 website here.
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