Curious About The Crypto That Might Overshadow Multichain? Look Beyond The Obvious

Updated: 08 August 2023

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Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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Multichains’ price went up in June, but it recently dropped to $1.71 after a bit of a correction. This price seems to have good support. It might not look too good right now because of some technical stuff, but it could go down a bit more before it gets better.

Even though Multichains tried to go up again in the last week, it couldn’t keep going strong. It might go up again from the $1.71 support, but getting past $1.88 could be challenging.

When Bitcoin went down to around $28,800, other coins also went down. The whole market needs to be strong for MultiCoin to start going up again. The amount of money people put into MULTI shows that sellers still have control.

Diving into MULTI’s 4-Hour Chart Analysis

Check the 4-hour chart. Currently, MULTI is trading at $1.72, and it’s staying steady around a big support area. It has a 24-hour trading volume of around 2.078 million and has decreased by 0.33%. Over the past month, MULTI has also declined by 35%.

Curious About The Crypto That Might Overshadow Multichain? Look Beyond The Obvious. — Source: TradingView 4H Chart MULTI/USDT

Moreover, more people might want to buy if the price goes down. But it could also go under $1.70. If more people buy, the next hard level to get past would be $1.96.

If MULTI can surpass $1.96, it might try to reach $2.28. But it must stay above $1.70, or the positive momentum might stop. In the last trading session, fewer people bought MULTI, which means less strong buying.

People sold more of MULTI, which shows that not many were buying in a good way. The Relative Strength Index, which helps see how strong the buying or selling is, was below the middle line. This means fewer people were trying to buy, and there were more sellers.

Also, MULTI was below the lines for the last 20 and 50 days. This tells us that few people were interested in buying at that price, and the sellers seemed to have more control over how things were going.

You might want to use a stop-loss order to help keep your profits safe and prevent significant losses. Also, make sure to watch the MULTI’s market closely.

Multichain Stats:

MULTI’s Price – $1.72
MULTI Market cap – $24.958 Million
MULTI Circulating supply – 14,541,094 MULTI
MULTI Total supply – 100,000,000 MULTI
MULTI CoinMarketCap ranking – 524

Alternative Multichain

Investors should pay attention to XRP20, which is a new version of XRP built on Ethereum. This project wants to make XRP fans excited again, as they’ve seen how successful XRP can be. The token has become quite popular, and they’ve already raised more than 1.271 million in the presale.

If you didn’t get a chance to invest in the first XRP when it was very cheap at $0.0028, now you have a chance to join the presale of the new XRP20 token at a much lower price of $0.000092, which is 30 times cheaper than before.

🎊 Exciting update #XRP20Army!🚀

We've achieved another milestone in our #Presale journey!🎊

Surpassing $1.2M in a mere week!💰

Many thanks to the entire #CryptoCommunity!🙌

Secure your spot with $XRP20 and hop in today!🔥https://t.co/l238y01sFA #XRP20 #Crypto #Blockchain pic.twitter.com/EI9nuoETBs

— XRP20 (@XRP_20) August 8, 2023

$XRP20 has a smart plan for giving out its tokens, so it stays valuable and gets people involved. There are 100 billion tokens in total. They’re spreading them out carefully. Out of all the tokens, 40% will be available in the presale, 40% will go into the staking pool, and the rest will be used for things like making sure the token is available on different platforms and reducing the number of tokens over time.

Investors will really like the token because it lets them earn more by staking it, and it’s designed to become rarer over time. When people buy or sell $XRP20, a tiny bit of it (0.1%) disappears, which can make the token more special.

People can get $XRP20 by trading either ETH or USDT for it, so there are different ways to get it.

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