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The SwissCheese price surged 15% in the last 24 hours to trade at $0.7547 as of 4.50 a.m. EST on trading volume that dropped 26% to $2.3 million.
The SWCH price surged by over 60% in the last week and by more than 145% in the last month, soaring from a support at $0.26 to the resistance at $0.80.
The project’s surge started around September 6, at the time when it announced the revealing of the new brand ambassador, who is a major football legend. The ambassador has not yet been revealed, but once SwissCheese finally drops the name, a new price surge might take place.
Other than that, the project also announced a 10,000 SWCH giveaway on September 8 for football lovers who are also SwissCheese supporters. To win the money, users need to guess the dream football player who will be the SwissCheese Ambassador and they can win 100 SWCH.
🎁 10,000 $SWCH Giveaway! 🎁
🧀⚽️ Cheese X Football lovers, guess the dream football player who will be the SwissCheese Ambassador & Win 100 SWCH!
❕How to Win:
Email us your guess + SWCH wallet address at :
Token2049@swisscheese.finance🎁 100 people who guessed correctly… pic.twitter.com/0d6R7iJ1yn
— Swisscheese finance (@Swisscheese_fn) September 8, 2024
The interest and the hype caused the token’s price to start growing in the first two weeks of September, which SwissCheese was happy to report.
🚀 Breaking News! SWCH has just hit $0.6320 and we’re gaining momentum! 🌟 Don’t miss your chance to join the movement and be part of something big. With higher targets in sight, now's the time to stack up on SWCH and ride the wave to new heights! 🚀💸#SWCH #CryptoRally #BuyNow… pic.twitter.com/NzpFqpAsKL
— Swisscheese finance (@Swisscheese_fn) September 10, 2024
As mentioned, the new ambassador has not yet been named, but the project will make the reveal in two days, claiming that the major partnership will transform its future.
🔥 48 Hours Left: The Big Reveal is Almost Here! 🚀
SwissCheese is just 2 days away from announcing a major partnership that’s set to transform our future. Get ready to see us soar to new heights! 🌍#SwissCheeseFinance #2DaysLeft #BigReveal #CryptoPartnership pic.twitter.com/atGLWYXUyo
— Swisscheese finance (@Swisscheese_fn) September 16, 2024
SwissCheese Price Prediction
While the revelation of the brand ambassador might have a major impact on the SwissCheese price, for the time being, SWCH seems to be in free fall as a consequence of a rapid surge that took place over the last week.
The token’s price started dropping in the last hour, pushing the lower Bollinger band further down. This also caused the bands to widen, and while the widening would usually be considered a bullish sign, the token’s price is dropping quite sharply.
Meanwhile, SwissCheese’s Relative Strength Index (RSI) value had dropped from the overbought zone and the value of nearly 70 to 19.80 — deep in the oversold area. The sharp drop could end fairly soon given the RSI value decrease, as many among traders may see this as a signal to buy the dip.
As a result, SwissCheese could find a strong support soon, and in fact, it may already have. The support at $0.75 seems to be holding up as of the time of writing, although there is no guarantee that the bearish momentum won’t cause the token to break it and continue its descent toward $0.70, or possibly $0.65.
This would be an extremely bearish scenario, but it is not out of the question if the bears double down on the token. Still, with the upcoming announcement of the new brand ambassador, the project could see a strong recovery due to fundamental factors in the next two days, so SWCH HODLers might do well to stick to their tokens.
If the news is as big as the project claims it to be, the announcement could be a massive game-changer for the token’s price, especially considering that many will move in to buy the dip after the token finds its bottom.
Promising Alternative To SwissChese
As for those who are unwilling to take major risks with highly volatile tokens, there are other options, such as buying cryptocurrencies that are still in presale. One analyst favorite is Crypto All-Stars (STARS), a new meme coin that only saw its ICO go live a few weeks ago.
The project immediately caught the attention of market participants thanks to its new product — a unique smart contract for staking that allows users to stake more than the project’s own meme coin.
Typically, projects that offer staking only let you stake their native token, but Crypto All-Stars’ product, known as MemeVault, lets you stake all major meme coins.
That includes Dogecoin, Pepe, Floki, Milady Meme Coin, Turbo, Brett, and more, and plans for more to be added to the mix down the road.
This would allow traders with multiple meme coins in their portfolio to stake all of them in one place, significantly simplifying the staking process.
More than that, the project offers a staggering 1,154% in staking rewards to those who stake STARS itself right now.
Even experts such as the crypto YouTuber ClayBro, with over 130k subscribers, have recognized the project’s potential, pointing out the massive staking rewards on offer.
So far, the ICO has been very successful, raising over $1.29 million. STARS is selling now for $0.0014477. Interested investors should buy before a price hike that’s coming in less than 3 days.
Buy STARS on the official website here.
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