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Foom Price Prediction: Is FOOM Preparing for a 60% Upswing?

FOOM Price Prediction: FOOM Plunges 3% - Market Correction or Panic Selling?
FOOM Price Prediction: FOOM Plunges 3% - Market Correction or Panic Selling?

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FOOM (FOOM) is one of the cryptocurrencies that recently saw a substantial price increase, even though the Bitcoin price, which typically dominates the market, decreased in the last 24 hours.

On the other hand, FOOM kept going further up, showing great buying power that is fueling it despite the influence of the more dominant BTC.

FOOM in September 2023

FOOM has seen a 12% price increase in the past seven days. However, most of it happened in the last 24 hours or so. In early September, FOOM price surged from $0.0000003168 to $0.00000004155 in only a few hours.

The token then spiraled down to its lowest point this month at $0.00000002987 on September 12.

From there on, its price fluctuated between a support at $0.000000030 and a resistance at $0.000000032, but mostly trying to find a balance between these two levels, around $0.000000031.

On September 18, however, its price suddenly skyrocketed, breaking the resistance at $0.000000032 and hitting the one at $0.000000034, which reduced it to $0.0000000330.

The token kept trying to climb further up, but it lacked the strength to come close to the resistance that previously pushed it back down, let alone breach it.

FOOM Surges as Rest of the Market Struggles

This changed today, September 19, as FOOM saw another significant increase that again broke the previous barriers.

At the time of writing, the token’s price has reached $0.00000003446, according to data from DEXTools. Every week, this represents an 11% increase. However, since most of this growth occurred in the last 24 hours, FOOM’s price growth shows an 11% daily.

Interestingly, the token is 11% down every month, as its achievements in mid-August, when it hit the price of $0.0000001, overshadow this new performance.

Experts have been speculating whether the token can see a 60% upswing. While this might be an overly optimistic expectation, FOOM has performed unexpectedly well, trading against the market trend.

Bitcoin BSC Presale Hits $3 Million Raised

Some in the crypto industry believe that it is only a matter of time before FOOM loses its momentum and its price collapses as rapidly as it has surged.

Traders unwilling to take such risk have recently turned to Bitcoin BSC (BTCBSC), a new BEP-20 token running on the Binance Smart Chain. The token represents a version of Bitcoin from 2011 when its price was only $1.

This is why BTCBSC is available for only $0.99 during its presale, which has been running for about a week and a half now. It will end in a few days, as it already raised over $3 million.

Meanwhile, the presale will end once it hits the soft cap of $3.96 million. In other words, those wishing to join others who purchased the token must react quickly.

The token can be bought with ETH, BNB, and USDT. Once it goes live, it will offer staking services, with rewards that will be released every 10 minutes.

More importantly, the project provides a chance to experience buying Bitcoin before it blew up, becoming the most prominent cryptocurrency in the industry’s history.

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