Kek Price Prediction After a Strong Week as BTC20 Coin Sees Increased Attention

Updated: 28 July 2023

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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KEK is up almost 50% this week and technical indicators suggest strong long-term growth potential.

KEK Price Actions

It’s down about 15% during the past 30 days and trading volume tumbled in the past 24 hours. But despite these dips, the coin still portrays strong long-term growth potential.

Will KEK’s Selling Pressure See More Increase?

The chart above shows that KEKE’s market value moves sideways in the bearish trend in the short term.

The asset’s Moving Average Convergence Divergence (MACD) indicator moves below the signal line and has green faded histogram bars. This depicts a weakening bullish momentum and an imminent bearish trend. The chart also shows a red candle stick forming beside the last green candle, indicating increased selling pressure.

Again, KEKE’s Relative Strength Index (RSI) is at 56.73, pointing toward the oversold region (below 30), suggesting a price loss for the coin today.

Nevertheless, the asset still trades above its 50-Day and 200-Day Simple Moving Average (SMA), suggesting that the long-term trend for KEKE remains positive. Traders should closely monitor these contrasting signals as market volatility and trading opportunities could be within.

KEK Support and Resistance Levels

The asset is facing a resistance at $0.00000001974. A potential breakout across this level could restore KEKE’s bullish momentum while targeting $0.00000002000.

Meanwhile, the asset has support at $0.00000001447, which provides a strong backup against more price dips as BUY trades surpass SELL trades.

Factors That Could Affect KEKE’s Rally

KEKE is a meme token compatible with Ethereum-based smart contracts. This compatibility can affect its price as increased utility may allow KEKE to participate in various decentralized applications (dApps) and DeFi protocols.

The increased utility and use cases can attract more investors and users, potentially driving up demand and price.

The compatibility with Ethereum-based smart contracts can also expose KEKE to competition from other similar tokens and projects within the Ethereum ecosystem.

Market dynamics and competition can influence the token’s price movements. But for those looking for an alternative to Kek (KEKE), BTC20 is another candidate with a promising outlook.

BTC20: New Stake-To-Earn Crypto Makes Waves

BTC20 (BTC20), a novel stake-to-earn alternative to Bitcoin, has achieved an impressive milestone, raising over $3.8 million via its presale in under two weeks.

The sudden surge of investor interest has captivated the crypto community, drawing attention to the increasing enthusiasm surrounding the token.

Operating on a Proof-of-Stake (PoS) model, BTC20 allows holders to stake their $BTC20 assets and receive rewards proportional to their stake.

BTC20 Incentivizes Stakers Through Distinctive Reward Mechanism

BTC20 employs a distinctive mechanism that incentivizes stakers based on the block release schedule of the original Bitcoin network.

A fixed number of $BTC20 tokens would be allotted to stakers for each block confirmation, ensuring a consistent flow of tokenized rewards.

According to the project’s whitepaper, this process will unfold over 120 years, mirroring Bitcoin’s legacy while adopting a more energy-efficient approach.

The investment community has embraced this stake-to-earn setup as it enables token holders to make passive earnings without the resource-intensive requirements of old-fashioned Bitcoin mining.

Moreover, it adopts a viable Proof-of-Work (PoW) alternative, addressing concerns over their significant energy consumption. These factors have generated considerable excitement around BTC20, contributing to its early presale success.

$BTC20 Presale

The BTC20 presale has raised $3.8 million from its expected initial valuation of $6 million. The $BTC20 token is selling at $1, allowing interested investors to join the high-growth potential token ahead of time.

$BTC20 presale has only 1 stage and will sell out in the next few days.

How to Buy BTC20

Visit BTC20’s official website and navigate to the presale widget.
Select the “Connect Wallet” option or “Buy with BNB.”
Connect your wallet (Trust Waller or MetaMask) to the widget
Ensure you have enough USDT, ETH, or BNB in your wallet to proceed.
Choose your preferred cryptocurrency and enter the amount you want to pay for $BTC20.
The transaction should be successful. Revisit after the presale to claim your tokens.