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The Mumu the Bull price jumped 24% in the last 24 hours to trade at $0.00001256 as of 4 a.m. EST on trading volume that skyrocketed 69% to $6.23 million.
The popular bull-based meme coin has been struggling against a resistance at $0.000012 for the past month, occasionally getting rejected, and even dropping below the support at $0.000010.
The MUMU token’s positive performance may be a result of the correlation with the wider crypto market, which is recovering after the Bitcoin halving at the weekend.
Apart from that, Mumu the Bull also recently announced that it intends to host a gaming tournament for the Meme League in partnership with ESM X, the ultimate tournament platform of both Web2 and Web3.
The announcement said that the tournament will have a prize pool of $5,000 in MUMU, which will be awarded to top participants.
We’d like to unveil an exciting new addition to the MUUVEMENT!
We will be hosting a gaming tournament for our Meme League with @esmx_official and a prize pool of $5000 in $MUMU to be awarded to our top participants.
Vote below on which game you’d like to see featured.
— MUMU THE BULL (@mumu_bull) April 22, 2024
Mumu the Bull Price Prediction
While the MUMU price surged and brought considerable gains to its holders, the important question now is whether or not there is still time to buy and profit off of it, or is it too late to get into it now?
While the token is fairly young and doesn’t offer too much in the way of historical data, many crypto traders use technical indicators to make predictions of what the MUMU price might do next.
For example, the token’s Bollinger bands remain wide, even though its price has been fluctuating lately in an attempt to breach the $0.000012 resistance. This is a bullish sign that suggests that MUMU might stay above this level, now that it has finally been breached.
On the other hand, the token’s Relative Strength Index (RSI) value has dropped from the overbought zone to a more neutral one, currently at 56.35. This suggests that traders have taken profit, which knocked the price down somewhat, but at the same time, the RSI performance shows that the drop is not sharp or sudden.
This suggests that it likely won’t spiral down into the oversold zone, meaning that traders may have started buying the dip already, or if not, that they might do it fairly soon.
In other words, chances are that MUMU will see further growth now that the market is mostly trading in the green and the bearish influence has weakened.
As mentioned, MUMU’s upper limit is currently unknown, since the token is young and it did not have time to show what it can do. But, with over 43.75k holders, there is more than enough potential demand to push its price much higher than where it currently sits.
Promising Alternatives to Mumu the Bull
While the Mumu the Bull price surge brought significant earnings to its token holders, alternatives in the industry arguably offer even more significant potential. One example is Mega Dice (DICE), a cryptocurrency of the Mega Dice crypto casino.
The casino has been allowing users to wager digital assets for years, but now it is launching its own native cryptocurrency. This is a well-known, established, and licensed casino that has over 50,000 registered users and more than 10,000 monthly active players.
That represents a massive user base for its upcoming token.
Right now, however, the token is selling for only $0.069 per unit, and the casino has already managed to raise over $491k.
If you are an active player with a betting volume of $5,000 or more in 21 days, you will be eligible to participate in the project’s airdrop. The airdrop will distribute $2.25 million to its users in three rounds, each of $750,000.
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🔗 https://t.co/FjIFjfAnCY pic.twitter.com/XDn6JtH3GE— Mega Dice Casino (@megadice) April 19, 2024
There are also additional benefits, including limited edition NFTs for select holders of DICE, as well as bonus DICE tokens for early presale participants. Other than that, the casino will also provide token holders with daily rewards based on the casino’s performance.
You can buy DICE on the official website here in exchange for ETH, BNB, or SOL.
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