Is It Too Late To Buy EGO? EGO Price Soars 65% And This Might Be The Next Crypto To Explode

The EGO price surged 65% in the last 24 hours to trade at $0.02275 as of 4:00 a.m. EST on trading volume that skyrocketed 53% to $2.61 million.

The token saw a price surge that took its price from $0.01382 to $0.0232 before seeing a slight dip to its current value. This surge also came after a week of very mild and steady drops that took the token from $0.01696 to $0.01364, before suddenly skyrocketing.

Despite the surge, the project is still not close to its ATH which it established in March of this year, when it hit $0.1316. It is also worth noting that the price boost came at a time when most cryptos traded in the red, with BTC’s price even falling to a mid-$92k range after a week of drops.

This could be a signal that a price rally is coming and that EGO was simply among the first to react, but it might also be a sign that the Paysenger social network — an innovative platform that helps creators take audience interaction to a new level — is seeing an increase in usage. With EGO being its native token, any increase in the app’s performance or usage could reflect positively on the token as well.

EGO Price Prediction

The EGO price has skyrocketed in the past day, but technical indicators suggest that a major correction is likely to arrive.

The token’s Bollinger Bands have been widening for hours earlier today, but have since started going up parallel to each other. The price is still pushing the upper band further up, with a minor correction from time to time which stops halfway between the upper band and the middle line between the two bands. After that, the surge continues, and the upper band is pushed up even further.

So far, the project has been giving off extremely bullish signals, which further encouraged other traders and investors to join.

However, the situation is different when it comes to its Relative Strength Index (RSI). The RSI has spent most of yesterday fluctuating around the middle neutral zone at 50, going up to 60 and then dropping down to 45, or even 40. Then, around 18 hours ago, the RSI value skyrocketed to the overbought area, reaching the value of 80.

As traders took profit, the RSI started spiraling down back to the neutral zone and the value of 50, from where it once again skyrocketed deeply into the overbought zone. It has not dropped below the value of 70 ever since, which is a massive indicator of an upcoming correction.

Right now, traders are keeping a close eye on the market and the EGO price performance, waiting for the signal that will mark the start of the retracement. In other words, if you are interested in buying EGO, doing so right now would likely be a bad move.

The token is bound to see a strong correction soon, so the best time to buy would be after its price finds a strong enough support to act as its new bottom.

Promising Alternative To EGO

While waiting for EGO to position itself in a way where a purchase would be a good idea, consider buying Catslap (SLAP) — a token that is one half a meme coin and one half a GameFi cryptocurrency.

Catslap has been around for about a month now, but this was the month marked by major milestones and great community engagement. Most of it comes from its slapping game — a clicking game on its website where clicking on the picture of a cat causes it to slap one of several entities, such as Pepe the Frog, Chris Rock, Kamala Harris, or Michael Jackson.

Each slap is recorded on the Slapometer, and it rewards you with SLAP tokens, thanks to the project’s Slap-To-Earn model. So far, the community has generated over 2 billion slaps, which goes to show how much engagement the project saw in the past month alone.

The SLAP price did struggle throughout the month, but so did the rest of the crypto industry. BTC did see a massive price surge earlier in December, but even its price struggled ever since, knocking its value down from $107k to $92.7k. In the meantime, Catslap also saw major listings, and its price started to recover slightly over the last few days.

Furthermore, a popular crypto YouTuber, ClayBro, who has over 134k subscribers, predicted recently that SLAP likely has 20x potential, with his assessment being a rather conservative one, since many others believe that it could grow to see 50x gains or even more.

Visit SLAP’s official website.

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Catslap (SLAP) - New Cat Meme Coin On Ethereum

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