AirDAO Price Prediction: AMB Crashes 40%

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AirDAO, a decentralized blockchain and web3 dApps ecosystem, witnessed its token AMB surge over 36% in the last two days. On August 27, the AMB/USD rate peaked at $0.012 before retracting by 40% to $0.0072 later on August 28. The token’s trading volumes skyrocketed by +700% within the 24 hours on August 27, propelling its price.

Given this significant price fluctuation, Binance Futures revised the margin tiers, leverage, and capped funding rate multiplier concerning the AMBUSDT Perpetual Contract. This update came into effect on August 28 at 05:05 (UTC). Notably, the capped funding rate multiplier for the said contract was increased from 0.75 to 1.00.

This adjustment is attributed to a precautionary measure against potential risks posed by elevated market volatility. As the situation progresses, Binance maintains the prerogative to modify margin tiers and funding rates further.

AirDAO Launched Game-Changing Mobile App

Three weeks ago, AirDAO launched its game-changing mobile app for iOS and Android. This also added some part to the previous AMB rally. The AirDAO community eagerly welcomed this step, contributing their insights during the app’s development to make it a perfect fit for their needs.

The #AirDAO app is now available on #iOS and #Android!

Our app gives you insights into our ecosystem with watchlists, transaction notifications, and $AMB price alerts.

Download our app today: https://t.co/8CRhbcXuvi pic.twitter.com/2VZUGHvvTM

— AirDAO (@airdao_io) August 9, 2023

The app’s first version offers users unprecedented views of their AirDAO blockchain addresses. This gives them more control over their wallets and assets. It also includes advanced tracking of the AMB market, providing custom notifications for real-time changes in AMB prices. In turn, this empowers users to make informed decisions quickly.

The app has a notable feature, the watchlist, helps users organize their wallets. It also helps them keep track of their AMB portfolio. Furthermore, users receive personalized transaction notifications for the wallets they monitor, ensuring they are always in the loop.

Meanwhile, AirDAO has repurposed its focus on making the app even better. Among the approaches are scheduled updates that will introduce user-friendly crypto wallets and governance features. They are actively considering the community’s suggestions to drive these ongoing improvements.

AMB Price Analysis

The H3 chart analysis of the AMB/USDT trading pair indicates a significant drop of approximately 90% from its recent gains. Given the current outlook, the AMB coin faces resistance at the 61% Fibonacci Retracement level of $0.00772. From here, the potential for improvement rests on the condition of closing above this level.

Technical indicators, such as the Relative Strength Index (RSI) and Stochastic Oscillator, signal that the prices have just entered the oversold region. This suggests a likelihood of an upcoming price reversal. Additionally, the 20 EMA has recently crossed above the 50 EMA line, indicating a positive market momentum.

If prices ascend and successfully close above the initial resistance of $0.00772, the next significant hurdle is $0.00949. It represents the 32% Fibonacci Retracement level calculated from the lowest value on August 17 to the highest value on August 28. This move would equate to a substantial 26% price increase from the current level.

AMB price — TradingView: AMB/USDT 3-hour chart

Conversely, a continued price decline would find initial support at the 78% Fibonacci Retracement level of $0.00646. A further drop of 32% can be expected if this level is breached, leading prices towards the $0.00484 level.

Meanwhile, an alternative coin, WSM, might give clear growth potential after breaching the $26 million mark recently in presale sales.

Alternative to AMB

The highly anticipated cryptocurrency token, Wall Street Memes coin ($WSM), is approaching the conclusion of its presale phase. It has attracted remarkable investor enthusiasm and amassed an astonishing $26 million. This was only days after breaching the landmark $25 million. This achievement positions it as the most substantial cryptocurrency presale of the year.

Additionally, participants can enter an airdrop giveaway. This features 87,162 entries and $50,000 worth of $WSM tokens distributed among five recipients.

https://twitter.com/spurdo__fuggg/status/1693255077618729214

$WSM is designed as a tribute to the anti-bank movement, symbolizing the sentiment of the Wall Street Bets community. It seeks to achieve two objectives: encapsulating the anti-bank spirit in a tokenized format and redefining the valuation of digital assets. While this is the project’s first token presale, it has previously succeeded in whitelisting NFT mints, such as the Ethereum-based Wall St Bulls collection on OpenSea and recent Bitcoin NFTs.

$WSM has a limit of 2 billion tokens on Ethereum as an ERC-20 token. People can stake it to earn rewards based on how much they have staked and the Annual Percentage Yield (APY).

About 238 million $WSM tokens are currently staked, and the expected APY is 84%. The program gives out 75 rewards from 1.6 billion $WSM tokens for every block.

I just jumped in!! $WSM #WallStreetMemes @wallstmemes #presale #staking
This will be huge! Be ready! pic.twitter.com/m5LHbPs1WL

— Boolasama (@Boolasama) August 16, 2023

Countdown to Tier-1 Exchange Listing

Each $WSM token is worth around $0.0337. It will be available on well-known tier-1 exchanges in 29 days, the last chance for potential investors. During the presale time, the price of $WSM has stayed relatively stable, a testament to the project’s dedication to long-term success.

Visit Wall Street Memes here