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The Meme AI price dropped 11% in the last 24 hours to trade at $0.001105 as of 00:21 a.m. EST on trading volume that rose 883% to $3 million.
This comes days after the project released its NFT Marketplace beta version. Users can now test the platform’s capabilities to mint NFTs and create collections.
Hey #MEMEAIARMY,
Here is the NFT Marketplace Beta Version:https://t.co/ql1bklNYk5
– Minting NFTs
– Create Collections
– Create Profile
– AI GeneratorThis is the Beta version for the community to check and test.If you notice any Bugs pls share them with us!#MEMEAICOIN pic.twitter.com/1vJTiy2aZg
— Meme AI (@Memeaicoin) February 14, 2024
Meme AI, an Elon Musk-inspired token, draws its inspiration from Musk’s tweet, “Whoever commands the memes, commands the universe.” The project aspires to replicate the success of other Musk-related cryptocurrencies like DOGE, GROK, and SOHOT.
Congratz Guys !! Soon we start a new contest.#MEMEAICOIN #MEMEAI #MEMEAIARMY pic.twitter.com/Oo0xmR8lpN
— Meme AI (@Memeaicoin) February 6, 2024
Meme AI Price Rebounding To Trade Within The Falling Wedge
The Meme AI price has been following a downtrend, confirmed by the formation of the falling wedge. Despite a price decrease in the last 24 hours, the bulls have managed to find support at $0.0009. The support has enabled them to push the price slightly higher, within the boundaries of the falling wedge pattern.
Presently, the price is trading below both the 50-day and 200-day Simple Moving Averages (SMAs), coinciding with the current downtrend of MEMEAI’s price.
Furthermore, the Relative Strength Index seems to be rebounding from the 30-oversold region to sit at level 4. This signals that the price is on an upward phase, heading for the 50-midline level.
The Moving Average Convergence Divergence (MACD) line (blue) is trading below the signal line (orange), supporting the downward trend. The red bars on the histogram support this sentiment, yet they slightly elevate on the downside, indicating an impending price reversal.
Moreover, the Average Directional Index (ADX) is trading at 33, which indicates a strong trend, but on a neutral basis. This indicates that the price is currently trading in a range, with the possibility of a breakout.
Meme AI Price Prediction
The Meme AI price short-term analysis shows the price is bound for a bullish reversal. This is seen by the price jumping from the $0.0009 support to the current price of $0.001105, regardless of it being down 11% in the last 24 hours.
Additionally, the formation of the falling wedge indicates some bullish prospects for the MEMEAI price, trading within the boundaries as it aims to break to the upside. The MEMEAI bulls are currently targeting $0.001238, coinciding with the 50-day SMA.
However, in a reverse scenario, the bears could exert more pressure, which could drive the price to retrace to the critical support at $0.000854.
As MEMEAI bulls target a breakout, analysts suggest that BTCMTX, a Bitcoin mining project, could achieve a 10X increase in value upon its launch. This comes after it surpassed $11 million in its presale, positioning it as an outstanding alternative to MEMEAI.
Bitcoin Minetrix’s Presale Blasts Past $11 Million – Best Crypto To Buy Now?
The Bitcoin Minetrix (BTCMTX) presale has garnered over $11 million as it closes in on its $11.85 million target.
Just 2 more days until Stage 26 of #BitcoinMinetrix comes to an end! ⏳
Can you explain the concept of orphaned blocks in #Bitcoin mining? pic.twitter.com/OMP7XQ2Jq4
— Bitcoinminetrix (@bitcoinminetrix) February 18, 2024
Bitcoin mining is an intricate and resource-intensive process that requires one to have specialized hardware and technical knowledge. Bitcoin Minterix combines cloud mining and staking as a means to remove the need for costly equipment, making an affordable Bitcoin mining process available to anyone.
Embarking on a new era of cloud mining with #BTCMTX! 🚀
Users gather staking credits, managing their mining skills.#Ethereum network's smart contracts guarantee automatic, decentralized allocations, ensuring a secure and dependable mining experience. 🔗⛏️ pic.twitter.com/1SpVeCK2DN
— Bitcoinminetrix (@bitcoinminetrix) February 18, 2024
To join the project, you can purchase BTCMTX tokens at a discounted price of $0.0135 before a price hike in about a day. This opens up the opportunity for you to participate in Bitcoin mining regardless of your level of expertise, all while earning rewards.
Stake BTCMTX, 61% Annual Rewards
You have an opportunity to earn passively on the platform by staking BTCMTX for an impressive 61% annual percentage yield (APY).
Additionally, when you buy and stake BTCMTX tokens, you’ll automatically become a contender in the $30,000 minedrop airdrop competition. Ten winners will be chosen, each receiving a $3,000 prize.
🎉 #BitcoinMinetrix $30,000 Minedrop Is Now Live! 🎉
Get ready for your chance to win a share of $30,000 in $BTCMTX!
Follow the steps in the link below for the chance to win one of ten $3,000 $BTCMTX Prizes! 💰
➡️ https://t.co/v1UKskxi4Y pic.twitter.com/nseOBTNO9N— Bitcoinminetrix (@bitcoinminetrix) October 5, 2023
Jacob Bury, a prominent YouTube crypto analyst, believes that BTCMTX has the potential for a 10X surge upon launch.
To take part in the presale, visit the BTCMTX official website and swap your ETH or USDT for BTCMTX. You can also make purchases directly using your bank card.
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