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Is It Too Late To Buy AMC? AMC Price Soars 96% In A Week And This Might Be The Next Crypto To Explode

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.

AMC price
AMC price

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The AMC price surged 96% in the past week and 6% in the last 24 hours to trade at $0.000000151 as of 10 a.m. EST on trading volume that dropped 7% to $1.6 million.

The surge took the token to an all-time high, driven it seems by the presidential debate between Donald Trump and President Joe Biden.

While the debate was a major event for the American political scene, it also had consequences outside of politics, such as in the world of digital finance.

AMC stands for America’s Meme Coin and its official website says the nation has been ”rugged by our delegates for too long,” and that it’s ”time we make the USA Great again.”

AMC Price Prediction

The AMC price skyrocketed prior to the presidential debate yesterday, but it also saw a sharp price correction in the aftermath, as many who bought before the event decided to take profit and sell after it reached its new ATH.

The question that everyone is asking now — including those who kept their AMC, and those who are interested in buying it, whether again or for the first time — is what will happen next?

The answer is not as simple, unfortunately, as the project’s technical indicators often suggest conflicting data. For example, AMC’s Bollinger bands started seeing a sharp widening in the past few hours, which is a bullish signal. What’s more, the price is right up there with the upper band, which suggests strong bullish behavior.

Meanwhile, the project’s Relative Strength Index (RSI) value shows a figure of 68.62, which suggests that the traders are, indeed, buying the token again. However, with the RSI approaching the overbought area, this suggests that another correction might come soon.

After all, RSI is a very commonly used indicator that shows traders when the buying pressure is at its strongest, which typically means that the price is, as well. At that point, many start selling to take profit, which quickly leads the price in the opposite direction.

For those who end up holding for too long, this is a missed opportunity, but the same is true for those who sell to early and miss out on the price reaching its peak. Right now, the RSI shows that AMC still has some more room for growth before traders react, but given the high volatility of the asset, it is clear that handling it right now comes at quite a high risk.

Promising Alternatives to AMC

While AMC saw a major surge as a result of the election debate and will potentially skyrocket again once the elections themselves approach, those who wish to try out a less intense project could consider a GameFi alternative called Mega Dice (DICE).

Mega Dice is a gaming token of an online casino going by the same name, and its presale has already raised over $1.5 million.

The native DICE token will be at the heart of the Mega Dice platform, deeply integrated with all of its gaming features. More than that, holding it will also grant users access to certain benefits. Among the most notable ones are daily bonuses, which will depend on the casino’s daily performance.

Other than that, holders will also have access to early bird bonuses, limited edition NFTs, and more.

Mega Dice also attracted investors with a massive $2.25 million airdrop, split into three seasons of $750,000 each. To qualify, one must only wager $5,000 within three weeks on the project’s platform.

Today, DICE Airdrop Season 2 is officially ending, but very soon Mega Dice will start the third and final season, representing the last chance to participate in the event.

YouTuber Jon Trading says DICE has the potential to be the next 100x crypto.

DICE sells for only $0.0825, and it can be bought with SOL, ETH, or BNB. Buy soon if you are interested because a price hike is coming in less than three days.

Visit the official DICE website here.

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