Hedera (HBAR) Price Outlook - HBAR Hashgraphs Its Way to a 2% Increase

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The announcement of BCW Group’s acquisition of hashgraph.name has triggered a resurgence in the Hedera (HBAR) price, capturing the interest of investors and traders.

This acquisition is poised to usher in fresh ecosystem partnerships and elevate the value of the naming service, especially as Hedera’s capabilities continue to grow.

Furthermore, renewal promotions for .hbar names will be conducted, with the first renewals scheduled for September 9, 2023.

https://t.co/sf06xPDZwk #Hedera #BCW-Group

BCW Group will connect Hedera and their partners with each other. pic.twitter.com/jnGTD7o1J9

— Hederararara~rarararara Means I Love You (@SYCR6h8A4qUyAHf) July 26, 2023

In response to this development, HBAR has experienced a significant 13% price surge in the last 24 hours, currently trading at $0.05 as of 8:05 a.m. EST.

HBAR Price Shows Recovery Signs

Over the past seven days, Hedera’s price has experienced a substantial drop, plummeting from $0.0628 to its support level at $0.053.

The token has been on a downward spiral for several days, breaking through one support level after another.

It first encountered resistance at $0.058, briefly allowing the price to bounce back up to $0.061. However, subsequent corrections pushed it down, eventually leading to a breach of this support level and a descent to $0.056.

After reaching this level, the price briefly recovered to $0.059, only to face more rejection. This rejection pushed it below the formidable resistance at $0.058, preventing HBAR from further growth.

This resistance also rejected the price on August 28, causing it to fall back to $0.056, transforming from a support into a resistance. However, the downward momentum persisted, leading the price to reach its ultimate low of the week at $0.051.

As of the time of writing, the simple moving averages are positioned above the price, indicating significant selling pressure.

However, if the bulls can regroup effectively, they have the potential to break through these daily averages.

Meanwhile, the Relative Strength Index (RSI) presents a more positive picture, with the price rebounding and trading at 38. This suggests intense buying pressure moving closer to the neutral mark of 50.

HBAR may experience a short-term rebound, with price targets expected at $0.064 and $0.072. Conversely, a further price decline could be anticipated if the bearish trend persists, with a potential support level at $0.04.

Wall Street Memes is attracting investors as it approaches the end of its presale phase. HBAR investors may want to consider this as an alternative investment option with substantial profits.

Wall Street Memes (WSM) Prepares to Launch on Tier 1 Exchanges

Wall Street Memes (WSM) coin is set to have its initial exchange offering (IEO) on September 27, and the presale phase has already attracted over $25 million in funding.

This move into cryptocurrency isn’t the company’s first venture in this space. In 2021, Wall Street Memes gained recognition with its NFT collection “Wall St Bulls,” which remarkably sold out within thirty minutes. In 2023, the company expanded its NFT efforts by listing its Wall St Bulls Ordinals NFTs on Magic Eden.

"All it takes is faith and trust" – Peter Pan
(says no one as Disney sees the cheapest valuation since the Covid-19 pandemic) pic.twitter.com/yOFRDQvxru

— Wall Street Memes (@wallstmemes) September 7, 2023

You can still purchase Wall Street Memes (WSM) at its current price of $0.0337, with only 19 days left until its tier-1 listing. Analysts predict a rapid price increase following its official debut on significant exchanges, citing strong fundamentals and positive project news.

With a substantial social media following of one million followers, Wall Street Memes has garnered significant support for its meme coin project.

The company has outlined a roadmap for its meme coin, with the entire token supply distributed to the community.

Half is designated for the presale, while the remaining portion is split between liquidity and community rewards. Currently, 289 million tokens have been added to the staking pool, projecting an estimated annual percentage yield (APY) of 69%.

Elon Musk has engaged with Wall Street Memes on Twitter. However, it doesn’t confirm anything, sparking speculation that WSM may be listed on major exchanges in the future, similar to other trending meme coins.

Just a casual loan of $1 billion, no biggie pic.twitter.com/UJ1KqlJsZr

— Wall Street Memes (@wallstmemes) September 6, 2023

One remarkable aspect of Wall Street Memes is its successful fundraising, raising around $28 million in its presale. It will have a circulating supply of approximately 1.4 to 1.5 billion tokens upon completion.

Wall Street Memes Staking Opportunity

Wall Street Memes offers a staking opportunity with 288 million tokens staked and an attractive annual percentage yield (APY) of 69%. This staking option has garnered significant interest and supports the project’s long-term stability.

As the launch date approaches, 50% of resources are allocated to marketing efforts, with influential YouTubers promoting the project. Additionally, 30% is dedicated to community rewards, and 20% supports liquidity and media streaming initiatives.

Wall Street Memes aims to achieve a $1 billion market capitalization before listing on a tier-1 exchange, potentially leading to price increases. The project’s roadmap outlines clear steps toward this goal, making it appealing to investors.

To sweeten the deal, Wall Street Memes hosts an airdrop, offering participants the chance to win $10,000 by following them on social media and visiting their website. The more entries, the higher the chances of winning.

The presale is straightforward; WSM tokens are available for purchase using Ethereum, USDT, credit cards, or BNB. Simply link your Web3 wallet to the token website to acquire the tokens.