aelf Price Prediction: ELF Soars 13% To Buck Market Drop As This Telegram Casino Closes On $4 Million In Presale

Updated: 13 December 2023

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

Join Our Telegram channel to stay up to date on breaking news coverage

The aelf price has surged 13% in the last 24 hours to trade at $0.82 as of 5:51 a.m. EST as trading volume skyrocketed 163% to $28 million.

aelf (ELF) has a market capitalization of $579 million and has seen a price increase of 30% in the past 7 days, positioning itself as a clear outperformer.

The aelf Price: Bulls Break Above the Consolidation Phase

aelf Price Chart Analysis. Source: Tradingview.com — ELF/USD Chart Analysis. Source: Tradingview.com

The ELF price has been following a gradual uptrend since June 2023, providing a foundation for bulls to elevate the price from the $0.34 support level, coinciding with the 50-day simple moving average (SMA), and pushing it beyond $0.60.

Despite a brief correction to the $0.47 support, bulls swiftly regained control, resulting in a rally to the peak of $0.81.

Additionally, the price is currently trading above both the 50-day and 200-day SMAs, confirming the prevailing bullish sentiment for ELF.

The Relative Strength Index (RSI) is on an upward trajectory, progressing from the midline level of 50 to 84. This RSI recovery signifies substantial buying pressure for the aelf price.

The aelf Price Maintains A Bullish Stance

The aelf price maintains a robustly bullish stance, supported by the 50-day and 200-day SMAs and the RSI, indicating consistent buying interest in ELF.

This sets the stage for potential upward movement, with buyers eyeing new highs in 2023.

However, there is a possibility that bears could initiate a corrective phase, driving the price to the $0.60 resistance-turned-support level, potentially impacting existing profits.

A further decline could prompt the bulls to retreat to the $0.42 support zone, serving as a protective buffer and enabling them to stage a resurgence, sustaining the overall bullish momentum.

while aelf is on a tear right now, a hot presale that’s worth considering as an alternative is the Telegram Casino Token (TGC).

TG.Casino: $3.9 Million Raised, Price To Hike In 72 Hours

The TG.Casino (TGC) presale has already sucked in $3.9 million and it’s rapidly approaching its $5 million goal.

We've just passed $3.9m in our presale, we can see the finish line not too far away! 🏁 pic.twitter.com/lHL58s5zba

— TG Casino (@TGCasino_) December 12, 2023

TG.Casino operates as a Telegram-based casino, providing a hassle-free gaming experience without the tiresome Know Your Client (KYC) process typically associated with gambling platforms. All that’s required is a Telegram account, enabling users to enjoy a wide array of casino games using popular cryptocurrencies like BTC, ETH, or TGC.

Earn 25% Cashback On Losses

The $TGC token has gained attention for its integration into the TG.Casino platform, offering a unique cashback incentive. Users who wager with TGC tokens qualify for a 25% net cashback on losses, adding to the demand for the token.

Currently, there are more than 2,500 active players participating in the casino, all of which have been achieved during the presale phase.

Last Call: Buy And Stake TGC, Earn 159% APY

You can participate in TG.Casino by purchasing tokens during the presale and staking them. Currently, 1 TGC token is available at a discounted rate of $0.185, with staking providing an annual percentage yield (APY) of 159%.

TG.Casino further sweetens the deal with attractive incentives, including recent airdrop events that generously distribute 16 million TGC tokens to token holders.

The $TGC Airdrop event is here!

16 Million Tokens (16% of supply)
4 Stages

See our Community TG for full details!

BEWARE OF SCAMS! NO CLAIMING NEEDED! pic.twitter.com/ZG42DHmdYj

— TG Casino (@TGCasino_) November 20, 2023

Renowned YouTuber and crypto trader Michael Wrubel, boasting over 310,000 subscribers, recently disclosed his $1000 investment in TGC, offering insights into the project’s potential for high returns after its official launch.