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The Open Campus price soared 30% in the last 24 hours to trade at $0.9607 as of 02:47 a.m. EST on trading volume that skyrocketed 231% to $148 million.
The impetus for the surge was news that Animoca Brands, a crypto venture capital firm, plans to buy more EDU tokens from the open market. Open Campus has since been on an uptrend, registering a 55% increase.
We aim to acquire additional $EDU tokens from the open market. $EDU is the governance and utility token used by @opencampus_xyz, which is the world's first #Web3 education protocol and is backed by us, @BinanceLabs, @sequoia, and others.https://t.co/fV94g6GpuT
— Animoca Brands (@animocabrands) May 22, 2024
The support for the EDU foundation by Animoca Brands is significant because the crypto venture capital firm is also behind projects including The Sandbox, and Eden Games.
Before the announcement, EDU was trading within a consolidation channel, as the struggle for dominance intensified within the $0.58 and $0.44 range, data from GeckoTerminal shows.
News of interest from Animoca Brands led to EDU breaching the upper boundary of the channel as it aims to sustain the bullish stance above.
Open Campus Price Set To Soar Above The $1.2 Resistance
The Open Campus price trades well above both the 50-day and 200-day Simple Moving Averages (SMAs), a confirmation of the bullish stance above.
Moreover, the reading on the Relative Strength Index (RSI) indicates that buyers have an upper hand, as the RSI soars above the 70-overbought region to trade at 97. This also shows continued investor optimism to buy more, which could sustain the current bullish momentum.
The Moving Average Convergence Divergence (MACD) is also bullish, as the MACD line (blue) crosses above the signal line (orange), forming a bullish crossover. A bullish crossover could encourage optimistic retail investors to buy more, further pushing EDU to new highs.
The green bars on the histogram also indicate that EDU is currently on a positive momentum.
Open Campus Price Prediction
The Open Campus price analysis shows that EDU is set to continue soaring to new highs, currently targeting $1.2, with the long-term goal of reclaiming its all-time high (ATH) of $1.67.
Major technical indicators, including the RSI and MACD, support the bullish sentiments, as they encourage buyers to add to their positions. The 50-day SMA is also crossing the 200-day SMA, forming a golden cross at $0.56, affirming the bullish sentiment.
However, the MACD and RSI show that the asset is overbought, which may likely prompt a price retrace back to the next support level around $0.65.
Meanwhile, as the EDU price soars, some investors are betting big on another crypto education project called 99Bitcoins, which has already raised more than $1.5 million in presale.
99Bitcoins Presale Blasts Past $1.5 Million – Best Crypto To Buy Now?
99Bitcoins (99BTC) is an educational platform with over 2 million registered users for its courses and more than 700K subscribers on its YouTube channel.
The project plans to gamify crypto education by allowing users to successfully tackle challenges and complete lessons to earn higher rankings and rewards through $99BTC tokens.
What is Spatial Computing? Discover how #Blockchain is transforming AR/VR, making immersive digital worlds more interactive and secure.
Dive deeper: https://t.co/2hlZYRFHBv#99BTC #SpatialComputing #Web3
— 99Bitcoins (@99BitcoinsHQ) April 8, 2024
99Bitcoins also integrates with BRC-20, which allows developers to seamlessly build dApps on the Bitcoin Network.
Introducing $99BTC on BRC-20! 🎓
Since 2013, #99Bitcoins has been the go-to resource for learning about #Cryptocurrency.
We're launching a platform that enables the building of #dApps on top of the #Bitcoin network!💡#LearnToEarn rewards users on the Bitcoin blockchain.🙌
— 99Bitcoins (@99BitcoinsHQ) April 30, 2024
Token holders can also stake their $99BTC tokens for a 1,101% annual percentage yield (APY). The team has already allocated 14% of the 99 billion token supply for staking rewards.
Jacob Bury, a prominent crypto YouTuber, believes that 99BTC has the potential to turn $1K into $10K after its launch.
You can buy 99BTC tokens for $0.00106 each. With a price hike coming in less than five days, buy them soon to lock in the best deal if you are interested.
To join the presale, buy $99BTC from the official website here using ETH, USDT, or a bank card.
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