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The Gaimin price slid 3% in the last 24 hours to trade at $0.008408 as of 5 a.m. EST on trading volume that fell 2% to $1.4 million.
The project’s price has been correcting ever since its post-launch surge, and reached its all-time low yesterday, April 17, when it plunged to $0.008061.
Despite the poor performance of the GMTX price, the project itself is growing in popularity. It recently announced that it surpassed 400,000 downloads. All of the users who downloaded its app can earn rewards and monetize their spare GPU with Gaimin.
GAIMIN successfully surpasses 400,000 downloads!
All of whom can earn rewards and monetize their spare GPU with us, which is fast becoming the most sought after technological resource in the world.
Thank you to all our dedicated gamers and community!
Another milestone… pic.twitter.com/JEJnvCEHO0
— GAIMIN (@GaiminIo) April 16, 2024
About a week ago, Gaimin teamed up with Aether Games, which was described as an “epic collaboration that will take your gameplay to the next level.”
However, the project also launched right at the start of the major price correction that came after months of growth. The bearish pressure started pushing its value down. Right now, GMRX may have reached its bottom.
Gaimin Price Prediction
Despite Gaimin’s recent successful moves, its token’s price has been struggling due to the bear market that took over the crypto sector in the last few weeks.
However, while GMRX’s overall performance has been mostly bearish, the token still saw fluctuations and small recoveries, instead of just spiraling down constantly. In other words, short-term traders still have an opportunity to earn from the token if they pay attention to its movements and make their moves at the right time.
Technical indicators can help with predicting what the price might do next, for even in bear markets, trader activities are clearly seen in the performance of the Relative Strength Index (RSI), for example.
In Gaimin’s case, the project’s RSI recently surged from the oversold zone into neutral, and then overbought, only to drop toward oversold again, all in the last 24 hours. This suggests that traders have been trying to make a profit from the token by buying the dip and then taking profit as soon as the price increases slightly.
They likely used RSI as their main signal for when to make their moves. Meanwhile, the token’s Bollinger bands have seen extreme narrowing recently, which is a strong bearish signal, which suggests that the price might go down even further.
On the other hand, GMRX has seemingly reached its bottom at around $0.0080. So far, its price never went below this mark, no matter how bad the market situation got, or how strong the bearish pressure was. Of course, that doesn’t mean that this level won’t be broken in the future, but for the time being, it manages to keep the price from sinking further down.
Promising Alternatives to Gaimin
Gaimin is not the only project that stands to revolutionize the gaming experience. In fact, there is another cryptocurrency with the same, if not bigger, and more ambitious goals, that is holding a presale right now.
The project in question is called 5th Scape (5SCAPE), and it represents the world’s first AR/VR crypto ecosystem. It intends to serve as the gateway into the next big thing of the decade, and it’s already raised over $5.2 million.
Thanks to the infinite possibilities of the virtual space, which far surpass the boundaries of the real world, 5th Scape believes that it can revolutionize areas like education, as well as gaming and other forms of entertainment.
It can offer access to hyper-realistic game worlds where users can experience immersive sports, high-speed racing, and even adrenaline-pumping battles. These will be the realms of heightened experiences, with stunning visual realism, comfortable ergonomics, precise motion tracking, and intuitive controls.
You can join the waitlists for any of these, and more, on 5th Scape’s website right now.
🚀 Our presale has surged past stage 3!
🌐 Join us now and delve into a world of virtual reality with our multi-utility token.
🎉 Don't miss out on being part of our vibrant community! #cryptocrash #cryptocrash #Wormhole #cryptocurrency #5thScape #Presale #4thstage 🌟 pic.twitter.com/QeznEVAvFJ
— 5th Scape (@5th_scape) April 4, 2024
With the 5SCAPE token set to list for $0.01, buying now for $0.00327 locks in gains of almost 206% by the time of launch.
Visit the official website to buy 5SCAPE here. You can use ETH, BNB, USDT, MATIC, or a bank card.
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