Cryptocurrency Price Prediction 2023: Will BEN Coin Reach New All-Time Highs?

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The cryptocurrency market strives to transition from a bear to a bull market. Meanwhile, several projects are making headlines with promising fundamentals. This write-up explores XYZ and BEN, evaluating their value outlook in 2023. Beforehand, note that this is not investment advice but a simple analysis of the tokens’ expected price actions.

Universe.XYZ: Revolutionizing NFT Engagement for Artists and Collectors

Universe.XYZ is a game-changing social media NFT marketplace streamlining community interaction with non-fungible tokens (NFTs). This all-in-one platform encompasses auctions, minting, galleries, forums, and social media services, providing a seamless experience for artists and collectors. At the heart of the Universe.XYZ lies the decentralized xyzDAO, ensuring a fully democratic ecosystem.

Powered by the XYZ token, Universe.XYZ grants artists and collectors a stake in the platform. It also enables active contribution to community building. The platform facilitates direct engagement between the community and buyers with comprehensive information about collections available in one place.

Imagine a future where you have complete control of your message and art, where you can harness the power of NFTs to create the projects that mainstream media ignores. 🌟

Let's unlock the potential of NFT art together! 🔓 That is what 🌌 @universe was built to💫

— Universe (@universe_xyz) April 27, 2023

The XYZ token holds significant utility, enabling users to vote on xyzDAO proposals and earn XYZ rewards staking on xyzDAO. Launched on June 6, 2021, with 1 billion XYZ tokens, the xyzDAO can issue additional supply each year to welcome new users. XYZ is actively traded on various exchanges like SushiSwap and UniSwap.

Furthermore, it empowers artists and collectors, fostering a vibrant NFT community. With its innovative features and community-driven approach, Universe.XYZ revolutionizes NFT engagement for creators and enthusiasts alike.

Increasing Inflows and TVL – XYZ is Gaining traction

Recently, TheCryptos.com has reported significant inflows into two projects, Paladin Vote ($PAL) and Universe XYZ ($XYZ), based on on-chain data. These inflows are measured by an increase in total value locked (TVL), indicating growing interest and participation in both projects.

Using #onchain data we see some serious inflows into the following projects. Measured by an increase total value locked (TVL).

Paladin Vote – $PAL
Universe XYZ – $XYZ

For more info on trending tickers go to https://t.co/X0nYPrwNbd

— TheCryptos.com (@TheCryptos_com) June 25, 2023

XYZ Price Analysis

The four-hour chart of XYZ/USDT exhibits clear indications of a bullish reversal, as evidenced by several key factors. Firstly, the prices have surpassed the descending trend line, which had acted as a formidable resistance level since June 3. This breakthrough is significant as the same trend line now assumes the role of a supportive barrier for cryptocurrency.

Moreover, the presence of Stochastic divergence reinforces the bullish reversal signal. This technical indicator suggests a divergence between the price action and the Stochastic oscillator. It indicates a potential shift in market momentum toward the upside.

It is worth noting that a decisive breach above the level of $0.00012042 can potentially propel the prices even higher. The projected target, in this case, is approximately $0.0001400. Conversely, should the price experience a break below the trendline, accompanied by a subsequent close below it, extended losses are likely toward the $0.00009555 level.

Data from DEXTools shows the XYZ/USDT pair currently holds a market capitalization of $80.13K, with a total liquidity of $95.51K. The pair has a 61/99 reliability score on DEXTools and 50% Community Trust.

While we continue monitoring XYZ token, consider BEN, another project with NFT affiliations.

BEN Token Gaining Traction amid Popularity of Orange NFT

$BEN token is the first project of Ben.eth, a crypto influencer. Shortly after its launch, the project faced a rug-pull, causing significant losses for his followers.

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Around 3 hours ago, a new meme-coin advised by @eth_ben was launched, called 'DAVE'.

Guess what happened in the first block?

It got sniped and dumped, allowing one MEV Bot to extract over $100K in WETH from DAVE *and* PSYOP. 🤦‍♂️

The bot spent just over $10 to do this. pic.twitter.com/dPBDJY7zbY

— Arkham (@ArkhamIntel) June 2, 2023

Despite the setback, the BEN token has managed to maintain a prominent position in the HotPairs list on DEXTools. It currently ranks at #5 with 5.25%m daily gains.

Undeterred, Ben.eth quickly moved on to his second project, PSYOP. With promises of a different outcome, he attracted substantial liquidity to the project. However, he liquidated the supply eventually, leaving investors empty-handed, pocketing millions for himself.

Next came the LOYAL token, where Ben.eth allocated a significant portion of the supply to presale buyers. He kept the majority for himself. Partnering with popular influencer BitBoy, he aimed to rebuild trust. However, this project also ended in disappointment, further tarnishing his reputation.

Despite these controversies, Ben.eth has recently launched the Orange NFT collection. With 10,000 unique pieces available and a 0.1 ETH minting fee, the collection quickly sold out in under 15 minutes. Holders of $PSYOP and $LOYAL tokens were reserved for a portion of the collection, further incentivizing participation.

https://twitter.com/eth_ben/status/1664383263945924610

The Orange NFTs are not just collectibles; they offer exclusive benefits, including early access to future products. Additionally, $LOYAL token holders can verify their community membership by linking their Twitter handles, and displaying a distinct “FF6000” Affiliate Badge on their profiles. This latest project represents an opportunity for Ben.eth to rebuild trust. It also allows him to deliver positive experiences for his followers in the Web3 space.

This might be the reason behind the recent surge in the BEN token price.

BEN Price Analysis

The outlook of the four-hour chart of BEN/USDT shows that the prices have breached above the sloping trendline of the descending triangle pattern. Since mid-May, the coin has been moving under descending triangle pattern. On June 23, the price finally managed to complete this pattern. Now it is attempting to reverse the direction to the upside.

However, while the gains are a little passive, the price still moves above the sloping trendline. Accordingly, the line acts as initial support for the cryptocurrency pair BEN/USDT. If prices keep rising, they will face first resistance at 0.00000009082. Any break and closing above this level would further push the prices toward the next resistance at 0.00000011499.

The total market capitalization of this coin at DEXTools is $32.46M. Its total liquidity stands at $187.79K with a $42.11K total volume under the 24-hour timeframe. It has a reliability DEXTscore of 99/99 with 66.7% Community Trust.

XYZ and BEN Alternative

Switch attention from XYZ and BEN and consider Chimpzee, which is at the forefront of a groundbreaking movement.

Chimpzee: Earning with Purpose for Animal Welfare

Chimpzee offers individuals the chance to make a difference while earning income. With a focus on sustainability and animal welfare, the project presents three avenues for users to engage and be rewarded.

Through the Chimpzee Shop, users can contribute to the cause by purchasing unique merchandise. They can generate passive income in the form of CHMPZ coins. The NFT Marketplace allows users to trade NFTs, earning rewards as they actively contribute to a better world. Furthermore, the Zero Tolerance Game offers an interactive gaming experience, providing players with opportunities to earn CHMPZ tokens.

🌍Welcome to #Chimpzee!🐵

🙌🌳The Chimpzee initiative strives to save animals and the environment!🐾🌿

📢 Join our #Presale today and help us in saving endangered species and fighting deforestation!🌍🛡️https://t.co/Geog3EVuMC #CryptoCommunity #EcoCrypto #GreenCrypto pic.twitter.com/edNbM5KkOl

— Official Chimpzee Project (@RealChimpzee) June 29, 2023

The remarkable success of the CHMPZ token’s presale, raising over $643,969, exemplifies the strong support from the community. It also points to a shared vision of making a positive impact while participating in the crypto market. Chimpzee is empowering individuals to be catalysts for change while reaping the benefits of their involvement.