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The Blur price has jumped by 18% in the last 24 hours to trade at $0.6913 as of 12:15 a.m. EST.
$BLUR with another leg up, +18% to $0.65
Will it continue to pump as we head into Blast season in February? pic.twitter.com/KauhXK6l6t
— The Nifty (@niftyportal) January 16, 2024
Blur Price Prediction
But the Blur price could now be headed toward a correction, as seen from an in-depth analysis of 1-hour BLUR/USDT charts. This can be seen from the Average Directional Index (ADX), an indicator used in gauging trends, which is currently moving south, suggesting strong bear trends.
The Relative Strength Index indicator is also on a southern trajectory as it heads for a cross below 50, suggesting bear pressure on the token.
The Awesome Oscillator (AO), also used in gauging trends, is reverting towards the zero line with red histograms suggesting building bear momentum on the token, backing the prospects of a plunge in the short term.
The Bollinger Bands are moving far apart, suggesting high volatility on the Blur price. This can be attributed to increasing price activities that have seen the token’s trading volume pump by 21.4% in the last 24 hours.
1-hour BLUR/USDT chart | Source: TradingView
Meanwhile, as the Blur price heads towards a correction, Meme Kombat’s MK token is emerging as another excellent investment option for investors, with the project now ranking among 2024’s top meme coins. The MK token presale has garnered $6.9 million out of the targeted $8 million.
Blur Price Prediction: Does MK Have More Upside Potential?
Meme Kombat is a recently launched meme coin that has already raised almost $7 million of its $8 million target.
The coin’s unique concept, combining elements of memes and gaming, has contributed to its appeal, and enthusiasts speculate on its potential for significant growth, drawing comparisons to other successful meme coins like Pepe Coin.
Recently, there has been a significant surge in the Meme Kombat community. The remarkable achievement of exceeding fifteen thousand users on X (previously Twitter) and seven thousand members on Telegram is clear evidence of the growing support for this gaming-centric phenomenon.
The Meme Kombat Telegram Group is now 7000 meme-bers strong💪
With that said, please make sure you stay safe. There is only one official group⚔️ pic.twitter.com/IetN6JxKRs
— Meme Kombat (@Meme_Kombat) January 5, 2024
Staking has witnessed substantial participation, reaching approximately 79% of the MK token supply, and offers an impressive annual percentage yield (APY) of 145%.
Will MK Explode 100X On Launch?
Renowned cryptocurrency specialist and YouTuber Michael Wrubel has lauded Meme Kombat. Addressing his 310K subscriber base, Wrubel believes the token may experience a 100x surge upon debut.
For those intrigued by Meme Kombat, initiating involvement is straightforward. Prospective participants can acquire tokens by visiting the official portal. Each Meme Kombat token (MK) is available for $0.279. With the staking dashboard now operational, token holders can actively place bets.
With the Blur price now heading towards a correction, those who missed out on the pump can still explore Meme Kombat before the presale concludes. Seize the opportunity to be part of the crypto gaming revolution by delving into Meme Kombat during the presale, which is quickly selling out.
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