Is Wagmi Coin Back From The Dead? 545% Pump Shows There's Still Life

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WAGMI Coin soared 545% in the past 24 hours, and is up 58% in a month. After a long period of stagnation, is its comeback sustainable?

It is important to note that the technical indicators have yet to confirm the bullish signals. The Exponential Moving Average (EMA) 26, seen in the chart below, is still positioned above the EMA 9, indicating a bearish trend in the market. The Relative Strength Index (RSI), currently hovering at 63, provides mixed signals.

$WAGMI won't die….up and down maybe, but never die pic.twitter.com/HPhvaXGysh

— $WAGMI (@WAGMIHQ) July 12, 2023

WAGMI Price Analysis

The daily price chart of the WAGMI/USD trading pair indicates that the coin has shown notable activity with a strong recovery today. These sudden gains have improved the overall perception of the WAGMI token in the market.

The Parabolic SAR, located below the current price levels, implies WAGMI is bullish and, therefore, a buy signal.

However, it is advisable for traders to exercise caution and wait for confirmation of reversal signals before entering the market.

A potential long entry in WAGMI/USD may be considered if the 9EMA line crosses above the 26EMA line and the RSI value edges further north.

The market capitalization of WAGMI stands at $925,540, with a trading volume of $2.89M within the past 24 hours. According to DEXTools, the coin has an impressive reliability score of 99/99. This is accompanied by an 89.9% Community Trust rating.

WAGMI Token: Pursuing Financial Freedom with Adventure

WAGMI is a community-driven project that brings together ambitious individuals and cryptocurrency enthusiasts. The project aims to provide a pathway to financial freedom and exciting opportunities. While focusing on serious goals, WAGMI promotes a fun-filled atmosphere, fostering positivity, laughter, and a spirit of adventure. It is about chasing dreams, enjoying the journey, and embracing the thrilling ride to success with the WAGMI community.

WagmiPay: Bridging the Gap Between NFTs and Credit Card Processing

The project has recently announced a new feature WagmiPay, which might also be the reason behind the sudden price jump.

In a ground breaking development, WAGMI has achieved a significant milestone. It has become the first to bridge the gap between non-fungible tokens (NFTs) and credit card processing. Through the introduction of WagmiPay, the project enables token holders to provide valuable merchant services to businesses. This grants them access to major credit card providers such as Visa, Mastercard, Discover, and American Express. This integration opens up new opportunities for the project’s NFT holders. This allows them to earn monthly recurring revenue through referral programs facilitated by WagmiPay.

https://twitter.com/wagmiarmynft/status/1678956604970901504

Wagmi NFT holders can play an active role in facilitating secure and convenient credit card transactions for businesses. This is through offering merchant services. Besides adding value to the NFTs themselves, it also empowers token holders. Specifically, they can enjoy a sustainable income stream based on the referrals they bring to WagmiPay.

Impact of Pepe Developer’s 15 ETH Purchase on WAGMI

The developer of Pepe (PEPE) purchased WAGMI worth 15 Ether (ETH). The buy has resulted in a significant value surge of 276% for WAGMI. This acquisition has directly and notably impacted the token’s price. It indicates the market’s positive response to the developer’s involvement.

https://twitter.com/surferbeach5/status/1678845705312673797

The endorsement and investment by the Pepe developer have likely sparked increased interest and confidence in WAGMI. This is seen in the impressive price increase the coin is recording.

While WAGMI shows signs of life, there’s another coin that has similar potential:

Alternative to WAGMI

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The LPX Token Presale has raised $1.14M

At the core of the Launchpad ecosystem is the native token, LPX. This token serves as the payment method for fees within the platform. Additionally, users can stake LPX tokens to earn rewards, enhancing their overall participation in the ecosystem.

The LPX token is currently in presale and has garnered significant interest from investors. With a current price of $0.0445 per token, it is an opportune time to acquire LPX before it reaches the next stage at $0.046. The presale has already raised $1,142,513.06 USDT.

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