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The Crow with Knife price has soared 73% in the past 24 hours to trade for $0.000000089929 as of 07:50 a.m. EST.
Trading volume skyrocketed 250%, with investors celebrating the first meme coin on Cronos.
$CAW went from $1mil marketcap to 116mil MC in 5days as the first #memecoin on Cronos. Don't fade $WAVE which is the first Memecoin on #VenomNetwork which raised a billion dollars to invest in #Web3. Don't miss the beginning #WeAreVenom.@WeAreVenomeme #CAW #Crypto $VENOM #BTC pic.twitter.com/1g8yzvnAAl
— Cryptotemplar ℵ (@CryptoTemplars) April 30, 2024
The euphoria around the token saw its market capitalization hit $100 million in just five days. This was after it was listed on the Cronos chain and XYFinance trading platforms.
🔥 Congrats @crow_with_knife for hitting 100M market cap
🚀 #XYFinance has listed $CAW on @cronos_chain
⚡ Bridge & swap any token on 20+ chains to $CAW on #Cronos seamlessly
crow with knife pic.twitter.com/0XeFxnrwa8
— XY Finance | DEX & Bridge Aggregator (@xyfinance) April 30, 2024
The surge sent the CAW token to the top of Crypto.com’s trending list, alongside the Buy the Dip (DIP) token.
It beautiful to see #CAW and #DIP trending on top of #cryptocom
I’m holding to Valhalla. #MERY is next. pic.twitter.com/Uq171JNSoq
— Wizard101 🧙♀️ (@RedWizzard101) April 30, 2024
The token is also listed on the BitMart exchange.
Crow With A Knife Price Prediction
After a 73% surge, the Crow with a Knife price is on a load-shedding exercise, recording lower highs and lower lows as part of a vertical chop. This is attributed to CAW holders booking profits, playing into the typical ‘buy the rumor sell the event’ situation.
In this trading strategy, traders buy an asset based on rumors or speculation leading up to an anticipated event or announcement and then sell the asset once the news is officially announced.
Traders who use this strategy wager that by the time the news is confirmed or announced, the asset’s price will have already factored in the information. As such, its price could drop as traders book profits.
The Crow with a Knife price is sitting on immediate support due to the lower boundary of the ascending parallel channel. Based on the outlook of the Relative Strength Index (RSI), which is recording lower highs, the market is hinting at a further downside.
The trajectory of the RSI shows momentum is falling, accentuated by the Awesome Oscillator (AO) that has flipped into negative territory.
If the lower boundary of the channel fails to hold as a support level, the Crow with a Knife price could drop. The next logical support level in such a directional bias would be the $0.000000077800 level. A break and close below this level on the daily timeframe would confirm the continuation of the fall.
TradingView: CAW/USDT 1-day chart
Converse Case
On the other hand, if the lower boundary of the channel holds, effectively meaning the bulls capitalize on the correction as a ‘buy the dip’ opportunity, the Crow with a Knife price could recover.
While a flip of the $0.000000107757 blockade into support would be ideal, the bearish thesis would only be invalidated once the Crow with a Knife price records a higher high above the April 8 peak of $0.000000131800. Such a move would constitute a climb of nearly 50% above current levels.
Meanwhile, experts say Sponge V2 could 100X again after its predecessor Sponge V1’s remarkable 100X pump last year in a bear market.
Promising Alternative To The Cat With A Knife
Sponge V2 innovates the market with unique strategies for transaction fees, liquidity, and staking, building on its predecessor’s success. While it maintains the appealing viral meme coin aspect of its previous iteration, Sponge V2 introduces token utility, potentially resulting in sustained demand over the long run.
Did you miss another 100x, anon? 💦$SPONGE #SpongeV2 #Alts #100x pic.twitter.com/6WSh6BcaMT
— $SPONGE (@spongeoneth) April 9, 2024
The success of Sponge V1 last year recorded multiple milestones. Among them, it secured listings on major exchanges, recorded a significant increase in the number of holders, and garnered upwards of 30,000 social media followers in just a few days.
Now, Sponge V2 looks to build from that base and exceed the feats of its predecessor.
Sponge V2 will launch a Play-to-Earn (P2E) racing game that will offer both free and paid versions, allowing users to play for enjoyment or utilize Sponge V2 tokens to acquire game credits for additional passive earnings.
Don't forget, #SPONGERS! 🧽💦#SpongeV2 is bringing exciting utility through our upcoming #P2E game! 🔥
Get ready to earn $SPONGE tokens by playing the game and ranking on the leaderboard.
Stay tuned for more info! 🚀#MemeCoin #Crypto #Alts #100x pic.twitter.com/5aaLxGz8N1
— $SPONGE (@spongeoneth) March 22, 2024
Buy And Stake SPONGE
There’s also a staking program that offers an annual yield of 164% on Ethereum and 341% on Polygon.
Staking effectively reduces the tokens in circulation, and thus tilts supply-demand dynamics in favor of demand. As of publishing time, over 9.883 billion tokens have been staked.
Exciting news! There are now over 9.8 Million $SPONGE tokens staked! 🔥🧽#SpongeV2 #Crypto #100x #Alts pic.twitter.com/WBt3fCvnZm
— $SPONGE (@spongeoneth) April 18, 2024
With Sponge V2 now offering a last chance to buy before listings on top-tier exchanges, buy soon if you are interested so you don’t miss out.
Visit the Sponge V2 website here.
Also Read:
- Two Hidden Meme Coins to Watch in 2024 – New Crypto Gems With 100x Potential
- Crypto YouTuber Crypto Boy Provides Update on Sponge V2 Ahead of Its Upcoming Listing
- Maximize Portfolio Potential with the Top 3 Solana-Based Meme Coins for the Next Bull Run
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