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Ben coin (BEN) price is correcting on a recovery mission after a 53% slump beginning in late August. However, after finding support at $0.00000001365, the token has been attempting a pullback, with multiple failed attempts. On October 9, Ben’s token price exploded 90% from $0.00000001727 to record an intra-day high of $0.00000003300. Just like in the early September rally, this too, proved premature. Nevertheless, it does not invalidate the altcoin’s 100% surge potential.
Ben Coin Price Rallies As Investors Chase FOMO
Perpetual traders are raking in profits with the high volatility in the BEN market, with shorts in particular capitalizing on today’s 54% surge.
#ben $ben second round printing! https://t.co/IvQBdDnjIQ pic.twitter.com/JuOr0cfXcv
— Prof.Noan.Ai 𓃵 (@CryptoNoan) October 9, 2023
Meanwhile, the surge can be attributed to the fear of missing out, alias FOMO. This comes from the imminent launch of the version 2 (V2) contract.
$BEN Chart is looking 🔥🔥🔥
With the imminent launch of the V2 contract it seems FOMO is kicking in!
Don’t miss out on your chance at financial freedom!
Join the BEN NATION here:https://t.co/noyXlYZnfE@joinBENCoin #BEN #Crypto #Bullish pic.twitter.com/9pfBTgwSsF
— Mike Howard (@iammikehoward1) October 9, 2023
On October 11, the BEN token will migrate to a newer version, bringing a delisting. With this, Coinstore users can no longer trade BEN on the platform. The transactions will bring a wide range of growth potential for the BEN ecosystem, starting with new tokenomics.
Exclusion from the list for version 2. It will bring: new tokenomics. A new life. And a very huge potential. I know that. This is not fiction. Bullish $Bencoin.#Ben #crypto #NFT #cryptocurrency #ElonMusk #Elon_Musk @MrBeast @elonmusk @BenArmstrongsX @joinBENCoin #BITCOIN https://t.co/nUlYGUam8p
— Wolfe (@Duke_kripto) October 7, 2023
Ben Price Forecast as BEN Targets Sweep of August Highs
Ben’s price has recorded significant volatility over the past few months, oscillating within a wide range from $0.00000001365 to $0.00000003655. The Fibonacci retracement indicator covers this market range, showing that Ben’s price could soon breach the 50% Fibonacci at $0.00000002510.
A break and close above the aforementioned level could send Ben’s price to the $78.6% Fibonacci retracement level at $0.00000003165. Such a move would see BEN clear the September highs of $0.00000003000. It would also indicate Ben’s price doubling its value, and then some, a 100% move. In a highly bullish case, the gains could extrapolate to the forecasted target of $0.00000003655.
The Relative Strength Index (RSI) supports this outlook, moving north while sustaining above the midline. Its orientation shows more bulls are coming into the scene, while the position at 58 shows there is still more room for the upside.
The Moving Average Convergence Divergence (MACD) indicator also supports this outlook. Its histogram bars are in the positive territory and flashing green to show bulls are leading the market.
Conversely, a rejection from the 50% Fibonacci could see Ben’s price retract, going as low as the 23.6% Fibonacci at $0.00000001905. A break and close below the $0.00000001450 level would invalidate the bullish outlook. This level is significant as it coincides with the last lower high of the latest uptrend. The significance of this level is also echoed by the Parabolic Stop And Reverse (SAR) indicator, showing where longs should probably position their stop losses.
Besides BEN, another token is also worth considering and could be a crypto game-changer. It debuted only recently but has skyrocketed its way to the top. This is so much so that it now contends with the likes of Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe Coin (PEPE).
BEN Alternative
MK, the ticker for the Meme Kombat ecosystem, is a new meme coin presale making headlines despite only premiering weeks ago. It touts itself as a stake-to-earn project with myriad rewards for investors. The project presents an innovative new gaming platform customized for the needs of gaming enthusiasts. This spans from active betting to passive staking. Start the week with MK in your portfolio.
We are looking forward to this week ahead. It will be a big one for $MK 👀#MemeKombat pic.twitter.com/1hxWJXYJYQ
— Meme Kombat (@Meme_Kombat) October 8, 2023
The project has a web3 showdown running, with Pepe and Pepe 2.0 battling it out. Choose your winner based on preference or the playing odds.
Web3 titans will face off. An excellent chance for @pepecoineth and @pepe2coineth followers to show up for their communities 👊
Join us in the arena in #MemeKombat pic.twitter.com/eJiRnP8A3q
— Meme Kombat (@Meme_Kombat) October 7, 2023
More interestingly, once you buy MK tokens, you do not need to wait for the presale to end before you can start earning. A staking function is in place, offering you a chance to diversify your income with Annual Percentage Yields (APY) as high as 112%. Get in on the action by buying and staking your MK tokens and enjoy exciting meme battles for more tokens and prizes.
The Meme Kombat project is underway with the presale, selling fast with upwards of $408,000 already collected. This is almost 50% of the project’s $1 million soft cap. Investors are buying MK for only $1.667 per token using Ethereum (ETH) or Tether (USDT) stablecoin.
How to stake MK tokens
Stocking MK tokens is easy, but the benefits are extensive, with many rewards up for grabs. Here is a brief guide to how staking works.
Also Read:
- Shiba Inu Price Prediction: Can SHIB Rise by 5% Amid Meme Kombat’s Surge?
- Could Meme Kombat be the New Dogecoin or Shiba Inu? ICO Attracts $230,000 in Investments
- PEPE Price Prediction – Is It The End For Pepe Coin? Meme Kombat Could Be The Next Big Meme Coin
- `Bitboy Crypto’ Ben Armstrong Released On Bail After Livestreaming Confrontation, Starts Tweeting
- Ben Armstrong Announces Plans To Sell His Bored Ape NFT – Faces Criticism
Most Searched Crypto Launch - Pepe Unchained
- Layer 2 Meme Coin Ecosystem
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- SolidProof & Coinsult Audited
- Staking Rewards - pepeunchained.com
- $40+ Million Raised at ICO - Ends December
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