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The Mad price has surged 233% in a week, despite plunging 6% in the last 24 hours, to trade at $0.00003984 as of 2.30 a.m. EST on trading volume that declined 17% to $6.93 million.
The MAD price initially skyrocketed from $0.000012 on November 19 to $0.00007374 — a new all-time high that finally allowed it to overcome the record made in late July when it reached $0.00003650.
🚀 THE ALL-TIME HIGH PARTY HAS BEGUN! 🚀
What a journey it’s been! We’ve hit a NEW ATH, and we’re not stopping anytime soon. Thanks to the amazing community that’s been here every step of the way!$MAD is here to stay, and we’re just warming up! 😈💜#mad #alltimehigh… pic.twitter.com/Sv30XvpQk4
— MAD 😈 (@madcoinvip) November 21, 2024
The project also announced reaching 30,000 token holders on the same day, as its price surge attracted many new traders and investors looking for valuable opportunities.
After it hit ATHs, it also started trending on X, smashing thousands of views on social platforms combined.
After a week like this, was there ever any doubt?
🚨 We’re now trending Twitter Worldwide! 🚨
Breaking ATHs, dominating multiple crypto platforms, and smashing millions of views on Socials weren’t enough? 😈
A massive shoutout to our unstoppable community: the $MAD… pic.twitter.com/ridFsBs5G1
— MAD 😈 (@madcoinvip) November 22, 2024
However, as the weekend approached, the project saw a correction that pushed its price down. It still left it 233% higher than where it was prior to the surge, but its price saw a strong correction ahead of Bitcoin’s drop to the $93k range.
MAD Price Prediction
As mentioned, the MAD price saw a slight 6% decline in the last 24 hours which pushed it under the support at $0.000040. However, the meme coin found a new support at $0.000035, which allowed it to remain relatively close to the resistance at $0.000040.
Since then, the token has been fluctuating between these two levels, but as of the time of writing, it has yet to break out. Its Bollinger bands have seen a narrowing over the last 24 hours, while the price kept fluctuating between the bands, although its pattern would occasionally get interrupted by the middle line between the two bands.
Even so, the narrowing is a bearish signal which might mean that the token could break the support at $0.000035 in the near future and correct further.
MAD’s Relative Strength Index (RSI) value over the past 24 hours shows fluctuations in the neutral zone, with a single dip to the oversold area around 10 hours prior to the time of writing. After that, traders moved in to buy the dip, but the RSI stopped its growth after reaching the value of 60.
After that, it dropped again to the value of around 46, and it continued to fluctuate around the value of 50. This suggests that traders are aware of its growth potential, but also that they hesitate to buy and push the token’s RSI to the overbought zone.
In terms of price, this also suggests that traders believe that the resistance at $0.000040 is currently too strong to be broken, and so day traders are using small fluctuations to make minor profits.
Promising Alternative To MAD
While the MAD price currently maintains a delicate balance, investors have been doubling down on a popular presale called Crypto All-Stars (STARS), which has just blasted past $6 million in funds raised.
The project became popular thanks to its unique staking platform known as MemeVault. Essentially, this is a one-of-a-kind smart contract that allows you to stake multiple meme coins on one platform for the first time.
👾Hold onto your hats All-Stars!👾
We just flew past the 6M mark! It looks like the sky is going to be filled with $STARS pretty soon!
Grab your share here: https://t.co/8IZTKBdAp2 pic.twitter.com/9Bdm4z8jb7
— Crypto All-Stars (@all_stars_coin) November 26, 2024
Being a meme coin, Crypto All-Stars enabled the staking of other major meme coins, and it currently lets its token holders stake almost a dozen different cryptos. The supported projects are Dogecoin, Pepe, Shiba Inu, Turbo, Floki, Brett, Coq Inu, Bonk, Toshi, Mog Coin, and Milady. More will be added in the months ahead.
STARS itself can also be staked for a huge annual return of 326%.
All of this grants massive potential to the project, and crypto experts such as ClayBro, a YouTuber with over 132k subscribers, speculate that STARS could become a top meme coin with at least 10x potential.
In the meantime, the project’s developer announced that the ICO will be ending in just 24 days.
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