Flex Price Prediction: Is FLEX Coin's Surge Sustainable Or Is yPredict a Better Bet?

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FLEX coin is ranked third among top gainers today with an increase of more than 20% in the past 24 hours, no mean feat considering the recent lacklustre market. The big question, however, is whether it’s able to sustain its gains.

Top 10 Biggest Gain in Value in the last 24 hours$BTG $OX $FLEX $BSV $OP $COMP $XEC $BCH $HNT $XDC pic.twitter.com/NTvT0CPpDp

— CoinTrendz.com (@CoinTrendz) July 31, 2023

The Transition from FLEX to OX: Key Updates and Rising Token Value

CoinFlex officially rebranded to open exchange OPNX in March 2023. According to its official Twitter (now X) account, all users’ FLEX holdings will be converted into OX during the transition from FLEX to OX. Moreover, users can opt to bridge into staked OX and receive a 1:125 bonus rate for withdrawing their FLEX and utilizing the bridge.

As part of the transition from FLEX into OX, we will bridge over all users FLEX into OX at the 1:100 conversion rate on Tuesday July 18th.

If you wish to bridge into staked OX and benefit from the 1:125 bonus rate, please withdraw and use the bridge on: https://t.co/V7C8A4Y3Qh

— CoinFLEX (@CoinFLEXdotcom) July 15, 2023

These developments have likely influenced the current rise in the value of the FLEX token. This increase might be attributed to the fact that FLEX Coin will retain its pivotal role as the fee-paying currency, native token, and centerpiece of the newly rebranded exchange, despite the changes.

If we rebrand the @CoinFLEXdotcom exchange, FLEX Coin will continue to be the fee-paying currency, native token and centerpiece of the newly branded exchange.

— CoinFLEX (@CoinFLEXdotcom) January 17, 2023

Furthermore, FLEX stands out as one of the Top 15 projects by Total Value Locked (TVL) performance. It has secured the fifth position with remarkable gains of 32.9% in the past 7 days and 36.5% in the last 30 days. The total value locked in the FLEX network currently amounts to $28.8M.

TOP 15 PROJECTS BY #TVL PERFORMANCE IN 30 DAYS$WOO $PRT $ALPACA $BRISE $FLEX $PSTAKE $MNDE $ROUTE $VSP $RAY $SNX $GFI $IQ $SIS $VGX pic.twitter.com/iqkzwxc6od

— Cryptogics (@cryptogics) July 31, 2023

FLEX Price Analysis

The analysis of the 12-hour chart for FLEX/USD reveals a bullish ascending channel pattern. This has been in place since June 5. The price is trading near the ascending channel’s middle line, indicating a smooth upward trend.

Key levels to watch include the initial support at $4.432, which aligns with the 26EMA (green), and the initial resistance at $5.342. Breaking above this resistance would open the path to the upper band of the ascending channel. This would represent a potential 36% increase from the current price level.

The technical indicators all point to further upward movement. The green histograms of the Moving Average Convergence Divergence (MACD) above the zero line and the Relative Strength Index (RSI) oscillating between overbought and mid-level suggest increasing buying pressure in the market.

The FLEX coin currently boasts a market capitalization of $425.83M, with a total liquidity of $352K.

While FLEX coin exhibits indicators of potential further gains in the upcoming months, consider YPRED. This token also demonstrates similar signs of growth, and experts are very optimistic about it.

Alternative to FLEX

YPRED is the ticker for the yPredict ecosystem. This AI-powered crypto signal firm has achieved remarkable success in its ongoing presale, raising over $3.26 million. The platform aims to revolutionize crypto trading by empowering retail traders with valuable insights. It also offers predictive models driven by advanced AI technology.

The $YPRED tokens, available in the presale, provide access to the next-generation AI-trading platform. They also open doors for generating passive income through staking and earning a proportion of subscription fees. This long-term investment approach helps alleviate sell pressure in the market.

yPredict sets itself apart by offering precise, real-time crypto price forecasts through AI-based algorithms. The project’s impressive results are evident in the substantial funds raised during its skyrocketing presale.

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Beyond predictions, yPredict bridges the gap between AI/ML developers and crypto traders with its data-driven analytics platform. Data scientists can monetize their models and signals via a subscription service, streamlining the process for traders.

yPredict’s ecosystem consists of three powerful components. The first is yPredict Analytics, which addresses challenges against algorithmic bots with extensive technical analysis. Secondly, there is yPredict Marketplace, which enables AI and ML developers to offer predictive models. This operates through a monthly subscription with a 20% fee and 10% rewards for $YPRED holders. Third, the yPredict Terminal is presented as an advanced trading platform for quick order execution in response to signal alerts.

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