Crypto Investors on High Alert: Is This Hidden Gem About to Explode?

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The recent activities of the U.S. Securities and Exchange Commission (SEC) have caused many cryptocurrencies to continue plunging further into the bear markets, resulting in significant declines in their previous gains over the past few months.

Despite this bearish trend, a few assets are still defying market sentiment and showing signs of potential growth. One such asset is Level (LVL), which currently displays a bullish signal for the upcoming days and weeks. Is this hidden gem about to explode?

Why Level (LVL) Might Be a Potential Hidden Gem That Could Explode Soon

LEVEL has achieved growth surpassing all expectations. Within the initial month, the platform recorded a trading volume of $320 million, resulting in fees exceeding $400k and attracting a large thriving community.

In just 110 days, the ecosystem accomplished a milestone of $10 billion in trading volume, generating $8.3 million in fees during that period. As time progressed, LEVEL’s momentum intensified, with $20 billion traded in the first half of 2023 alone. This growth trajectory solidifies LEVEL’s position as a force to be reckoned with in the industry, continually flourishing and demonstrating its immense potential.

It took our team 50 days to reach $1 billion in Total Trading Volume, and another 60 days to reach $10 billion.

The remarkable growth of #LEVEL has surpassed all expectations and gone beyond what our team could have imagined.

We couldn’t have achieved this without the huge… pic.twitter.com/KxsnUpjbYw

— LEVEL Finance #RealYield (@Level__Finance) April 15, 2023

LEVEL is actively building cross-chain infrastructure to establish the marketplace as an omnichannel protocol. As part of this initiative, they are migrating the LVL and LGO tokens to the ‘Omnichain Fungible Token’ (OFT) standard.

The primary objective is to facilitate the cross-chain aggregation of fees, allowing LEVEL users to earn yield anywhere within the ecosystem. Moreover, the DAO Treasury will be unified across the entire ecosystem, ensuring that LGO redemptions against the Treasury will take place on all chains.

🏦 DAO Weekly Treasury report

Treasury total value: $135,968,736 (+9.75%)

• Liquid Assets: $12,987,263 (+36.8%)
• Reserve: $122.9M (= 25.7M $LVL)$LGO circ supply: 116.9709
1 LGO = $1,166,989 (Total Treasury)
1 LGO = $111,119 (Liquid Assets) pic.twitter.com/ptjNcUMP1a

— LEVEL Finance #RealYield (@Level__Finance) June 24, 2023

Following the recently approved proposal, LEVEL is leveraging LayerZero’s technology to bridge 5M LVL to Arbitrum. This will help bootstrap liquidity and stimulate trader activity through auctions and other incentive programs.

LEVEL has taken a step towards enhancing accessibility to LVL tokens for users on Arbitrum by initiating the migration process of its LVL/USDT pool. The pool, valued at approximately $713,214, will be moved to Trader Joe’s Arbitrum, ensuring that new users engaging in their first trades have access to the necessary liquidity to trade LVL tokens seamlessly.

Gm $LVL enjoyooors.

10,000 $JOE rewards added to the $LVL + $USDT liquidity pool on #BNBChain with current APR ~440%.

We’re also chatting with the @Level__Finance team in a Twitter Spaces today at 2pm UTC, joining to learn more about our shared vision of an omnichain world. pic.twitter.com/jNm9CBOObp

— Trader Joe (@traderjoe_xyz) June 19, 2023

LVL Token Price Analysis, LVL on BulishTrend

LVL began the month of June with a trading price of $5.9916. Within four days, a rally boosted its market price to $6.1682 by June 4. However, on June 5, LVL’s price dropped back to $5.

Due to the SEC’s activities causing a general decline in the cryptocurrency market, LVL experienced a price decrease, falling to $3.9971 on June 18 and $4.0485 on June 21.

At the time of writing, the price of Level (LVL) is trading at $4.14 with a 24-hour trading volume of $952,372.92. This indicates a decline of -9.44% over the last 24 hours while also reflecting a 2.51% price increase in the past 7 days. With a circulating supply of 7.2 million LVL tokens, Level currently holds a market capitalization of $29,819,595.

LVL Price Prediction – LVL/USDT Chart Analysis

LVL is in the consolidation phase after experiencing a sharp hike, represented by the long green candle on the daily chart. The price has been trading along the support level of $3.83.

LVL price is also in a downtrend but is expected to rebound once it hits the support level. Additionally, the LVL price is trading below the 200 moving average and slightly below the 50 4-hour moving average, indicating a downward price trend.

The support level is strong despite the relative strength index trading below the 50-level mark at 37. Having been tested several times, the support level signals a bullish move is about to take off. Based on the analysis above and recent $LVL activities, assuming the bears don’t push it down further and taking into account the 50 4-hour moving average, we predict the price of $LVL to rise up to $6.17.

Level Alternatives

If you’re in search of a hidden gem that assures guaranteed returns, it might be worth exploring Chimpzee. Chimpzee (CHMPZ) is a new altcoin that allows you to earn income while positively impacting the environment and saving animals. The project is currently in the first stage of its presale and has already raised over $631,000.

Early investors can seize the opportunity to purchase CHMPZ tokens at the first stage’s price of $0.00064. This price will increase to $0.000655 when it enters its second stage within the next 35 hours.