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The Mode price skyrocketed by 4,705% in the last 24 hours to trade at $0.04789 as of 3:30 a.m. EST on trading volume that surged by 14,678% to $38.98 million.
The project’s price skyrocketed due to plenty of developments surrounding the new MODE token. The token recently saw numerous new listings, including CoinMarketCap, CoinGecko, Gate.io, MEXC, and Bitget.
🚨#MEXC New Listing Alert!
📈 $MODE/USDT will be listed in the Innovation Zone at 2024-05-07 11:00 (UTC) .@modenetwork is the Modular DeFi L2 building the Superchain alongside Optimism.
Details: https://t.co/k1PknfZpK7 pic.twitter.com/6Ia8xjRAOj
— MEXC (@MEXC_Official) May 6, 2024
MODE also recently concluded its first airdrop, only to announce the start of Season 2, the next round. In a separate post, Mode explained that season 2 started on May 5, and will run until September 6 of this year.
The project has made 500 million MODE tokens (5% of its total supply) available to users, with up to 1 million in OP token incentives. The project’s token runs on its native MODE network, and right now, Mode is working on developing its ecosystem, partnering with other projects, and onboarding as many developers as it can attract.
Its goal is to become one of the largest networks and players in sectors like DeFi, with the long-term aim of building new systems for growth powered by the Mode ecosystem.
The launch of $MODE brings us closer to our mission of building new economic systems for growth powered by the Mode ecosystem
Full details in the post below: https://t.co/zTAfHi3rVO
— Mode 🟡 (@modenetwork) May 2, 2024
Mode Price Prediction
Mode price saw a massive price surge following its launch, only for its value to then drop as MODE went through a major correction. The price was pumped by the airdrop, multiple listings, massive exposure, and the project’s plans to grow its ecosystem.
However, once the price surge reached the ceiling, the token entered into free fall. Even now, with the price crashing down as seen on the chart below, its value is still significantly higher than at the moment of launch, making it a worthwhile investment for early buyers.
It is difficult to say what will happen next, but there are some signs that hint at a potential recovery, such as the Relative Strength Index (RSI) value, which reached the oversold zone in the last few hours.
Typically, once the RSI sinks as low as to the value of 35, it is considered oversold, which might push many toward buying it in expectation of another surge.
However, it is equally possible for the drop to continue, or for the price to stabilize. The project’s Bollinger bands suggest that the bearish sentiment might continue for a while, as they saw significant narrowing compared to their earlier performance.
Right now, MODE has been out for a very short period of time and has not yet stabilized following the extreme events of the last 24 hours.
The price can change during this period, so traders need to monitor it and try to react accordingly. There is not enough historical data to make accurate long-term predictions, and the price is still subject to great changes as it has yet to shake off the extreme volatility that tends to happen post-listing.
A Promising Alternative To Mode
Mode is one of the top performers today, but some say it might be too late to get into the token after such a steep climb. Alternatives that might be considered include the Mega Dice (DICE) presale, which has plenty of reasons why it might see a strong surge after launch.
DICE is a cryptocurrency created by Mega Dice, a major crypto casino that has been around since last year. The casino allows users to place wagers in digital currencies for greater privacy, faster payments, and lower costs. Now its going to the next stage by launching its own token.
With over 50,000 registered users and over 10,000 monthly active users wagering $50 million each month, Mega Dice is one of the biggest casinos, with plenty of people to build demand for its DICE token.
It also offers incentives for its token holders, such as the opportunity to participate in a $2.25 million airdrop split into 3 seasons, rewards for holders in the form of limited edition NFTs, daily rewards based on the casino’s performance, and bonus investments for those who join the presale early.
Introducing #ReferAndEarn with $DICE! 🚀💰
You can now refer users to the Mega Dice presale and earn a generous 10% commission on all referral purchases.
Here's a simple guide on how to get started: 👇 pic.twitter.com/jbXSdljjvK
— Mega Dice Casino (@megadice) April 24, 2024
Currently, DICE is selling for $0.069, and the presale has already raised over $820k.
You can still buy it before its price rises when the presale hits $1 million in funds raised. You can buy with SOL, ETH, or BNB on the project’s platform.
Visit the Mega Dice official website here.
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