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The RTR price plummeted 95% in the last 24 hours to trade at $0.008408 as of 03:53 a.m. EST on trading volume that rose to $600K.
This comes after Eric Trump (Trump Jr.) denied ties to the Restore The Republic (RTR) token, and warned the crypto community of scam tokens claiming to be the official Trump token.
This is absolutely false https://t.co/qmv2AKeUYD
— Eric Trump (@EricTrump) August 8, 2024
The price of RTR had earlier skyrocketed to $0.1490 after a now-deleted post from Students for Trump chair Ryan Fournier suggested it was a new official Trump token. Soon after Trump Jr.’s denial, RTR tumbled.
Can the RTR price recover from such a significant drop?
RTR Price Could Recover
Following the recent price drop, the Restore The Republic price is now been trading in a sideways pattern, ranging between $0.0050 and $0.017, according to data from GeckoTerminal.
Bulls aim for a breakout above the sideways pattern, with the crypto’s price now trading above the 50-day Simple Moving Average (SMA). A breakout at this point could push RTR above the immediate resistance level at $0.030 (200-day SMA).
The current Relative Strength Index (RSI) reading is above the 50-midline level, currently at 51, but indicates that RTR is still in equilibrium. This is a signal that buyers are currently accumulating the meme coin, which could lead to a breakout in the short term.
If the buying continues, the RTR price could break above the $0.0030 resistance. Bulls might then target $0.050.
However, if bears continue exerting pressure, the price of Restore The Republic could drop further to the $0.0050 support zone.
While RTR attempts a recovery, cautious traders are accumulating Mega Dice (DICE), a new casino crypto that experts say might explode soon.
Crypto YouTuber TodayTrader predicts that DICE will achieve an “easy 100X” return post-launch.
Mega Dice Skyrockets Past $1.68 Million – Best 100X Crypto?
Mega Dice, the newest project from the renowned Mega Dice Casino, is creating considerable excitement in the crypto world.
As the casino’s native token, DICE is set to become a central component of a platform that already boasts over 11,000 active users and processes more than $50 million in monthly bets. This cryptocurrency is designed to elevate the gaming experience by seamlessly integrating with an extensive range of gaming options.
Mega Dice Casino provides access to over 4,000 casino games and more than 50 sports and eSports betting options, catering to diverse gaming preferences.
The integration of the Telegram Wallet (TON) streamlines fund management, adding convenience for users who prefer to handle their crypto assets directly within the app.
Mega Dice casino now supports the best Telegram wallet! #TON💳
Easily use your TON by choosing it as your deposit method and connecting your wallet in just a few steps. Start playing and winning today! 🔥
Join now👇https://t.co/FjIFjfAnCY pic.twitter.com/hlqt50vBUF
— Mega Dice Casino (@megadice) August 7, 2024
A standout feature of this project is its innovative staking model, which allows token holders to earn daily rewards based on the casino’s performance. This approach not only incentivizes long-term holding but also aligns investors’ interests with the casino’s success.
The presale for DICE has already raised over $1.68 million, with tokens currently priced at $0.105266 each.
If you’re interested, you can purchase DICE using BNB, ETH, or SOL on the official Mega Dice website here.
Additionally, you can earn a 10% reward on any purchases made by investors you refer.
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