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The Chuck Norris price is up almost 2%, with trading volume soaring 175% as CHUCK trades for $0.007594 as of 3:55 a.m. EST time.
This altcoin has recorded a series of higher highs for the past few days, accompanied by soaring trading volume. With both price and trading volume rising, this points to growing interest in the asset.
With the surge, CHUCK token has merited the list of trending cryptos of the day, standing alongside Dymension (DYM), Orchid (OXT), Pangolin (PNG), Starknet (STRK), and JasmyCoin (JASMY).
Here are the trending #Cryptos of the day!✨
✅Dymension ( $DYM ) – @dymension
✅Chuck Norris ( $CHUCK ) – @ChuckOnSol_
✅Orchid ( $OXT ) – @OrchidProtocol
✅Pangolin ( $PNG ) – @pangolindex
✅Starknet ( $STRK ) – @Starknet
✅JasmyCoin ( $JASMY ) – @JasmyMGTDo you hold any?🧐 pic.twitter.com/vk5Tyx1TAO
— TheNewsCrypto (@The_NewsCrypto) February 23, 2024
CHUCK token is barely two weeks old and has already secured a place on CoinMarketCap, with multiple exchanges expected to list it soon.
🔥New cryptocurrencies added to CoinMarketCap:$SORA PORN | Sora Porn
$BONKFORK | BonkFork$TROLL | Troll (NEW)
$SAITAMA | Saitama Inu$ETHI | Ethical Finance
$BABYSORA | BABY SORA$ESAI | Ethscan AI$CHUCK | Chuck Norris$SCAPE | Etherscape
$ELON404 | Elon404#listing— AI Crypto Pattern (@aicryptopattern) February 22, 2024
Chuck Norris Price Prognosis
The Chuck Norris price is sitting atop support due to the 78.6% Fibonacci retracement level of $0.006524 in a market range measured from $0.00002639 to $0.008293. The upside potential remains alive, reinforced by the upward trajectory of the Smooth Moving Average (SMMA), which provides support at $0.004080.
Enhanced buyer momentum could see the Chuck Norris price reclaim its peak of $0.008293. In a highly bullish case, the gains could see the altcoin record a new local top, potentially going as high as to shed a zero and tag $0.01000 psychological level. Such a move would denote a 31% climb above current levels.
TradingVolume: CHUCK/USD 1-day chart
On the other hand, early profit taking could see the altcoin drop, first losing immediate support at the 78.6% Fibonacci retracement level at $0.006524. An extended fall could see the Chuck Norris price retrace the most important Fibonacci level, the 61.8% at $0.005135.
In a dire case, the Chuck Norris price could drop to the 50% Fibonacci retracement level at $0.004159, or worse, the 38.2% Fibonacci level at $0.003184.
For the bullish outlook to be invalidated, however, the CHUCK price must break and close below the 23.6% Fibonacci level at $0.001977.
Meanwhile, while the Chuck Norris price works out its next directional bias, investors are shifting their focus towards Sponge V2, an upgraded meme coin that recently migrated to the Polygon network. Analysts have placed it among their list of best penny crypto investments with potential for explosive growth.
Promising Alternative To Chuck Norris
Sponge V2 is built atop the success of its predecessor, Sponge V1. And it is committed to providing just as much success as its forerunner, and then some.
If you missed out on $SPONGE V1, don't miss out on #SpongeV2!
Time to stake your $SPONGE! 🚀🧽#MemeCoin #Web3 #Altcoins #BullMarket #Bullish #Trade pic.twitter.com/oNwatR7ihw
— $SPONGE (@spongeoneth) February 10, 2024
Standing among the best crypto ICOs of 2024, Sponge V2 recently migrated to the Polygon network. That migration was inspired by a recent malicious attack on its liquidity pool. The move is a precaution to prevent future attacks as all Sponge holders migrate to Polygon. There, they can enjoy more security, efficiency, speed, and affordability.
📣 Attention, #SPONGERS!
Here is some important information to remember about $SPONGE V2!$SPONGE V1 has officially been discontinued, and V2 has been launched on #Polygon! 🔥
Learn more about the token details below 👇https://t.co/TCdxgXx40w
🧵1/3 pic.twitter.com/YZzXOlKmHY
— $SPONGE (@spongeoneth) February 6, 2024
Sponge V1 holders stake their SPONGE and earn Sponge V2 tokens. Those who purchase and stake now will receive a special V2 token bonus. The transition comes by way of a unique distribution mechanism, where Sponge V1 tokens are permanently locked in a staking contract.
📘 Visit our website and stake your $SPONGE to be part of V2's TAKEOVER.
Simple steps to significant rewards!
GO GO GO! 🧽💦💦#CryptoStaking #SpongeV2 #Web3 pic.twitter.com/3TF0HZIT9k
— $SPONGE (@spongeoneth) January 18, 2024
The staking is value adding, effectively removing the tokens from circulation, and thereby tilting the supply-demand dynamics in favor of demand. To acquire $SPONGEV2, the stake-to-bridge utility is the exclusive method, which distinguishes it from a standard presale. As of publishing time, over 8.583 billion tokens have been staked, with annual rewards now standing at 188%.
According to analysts, Sponge V2 has the potential to record 100X gains at launch, like its predecessor.
The token is committed to surpassing the achievements of Sponge V1, with forward-looking investors already showing support. They are drawn to the project’s new features and benefits for token holders, with fast-moving traders already capitalizing on the new avenues. These include:
- Exploring iconic locales
- Navigating thrilling obstacle courses, and
- Potentially unlocking lucrative rewards
Visit the Sponge V2 website here.
Also Read:
- Two Hidden Meme Coins to Watch in 2024 – New Crypto Gems With 100x Potential
- Crypto YouTuber Crypto Boy Provides Update on Sponge V2 Ahead of Its Upcoming Listing
- Maximize Portfolio Potential with the Top 3 Solana-Based Meme Coins for the Next Bull Run
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