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OG Fan Token’s price suddenly surged yesterday, August 17, just around when Bitcoin and most other cryptos started to crash.
The token has been trading sideways for over a month, slowly slipping its price. In the last 30 days, the price dropped from $4.11 on July 19 to $3.71 on August 15.
Then, it suddenly slid to $3.2 in only two days, sinking to this level on August 17. However, it was its next move that took everyone by surprise.
The token surged to $6 without warning, only to be briefly rejected back to $4.7 earlier today. After that, the price surged again, nearly hitting $7 before the resistance left it again.
The token likely lost momentum as the market-wide price drop suddenly pulled it, but even so, it is currently 24% higher than it was a week ago.
Its surge from earlier today increased it by roughly 140% in only 24 hours. At the time of writing, however, the price is $4.65. The big question is whether the token can decouple from the rest of the market and continue down its path.
OG Fan Token: Key to unlocking new gaming opportunities
OG Fan Token is believed to be the next big thing in gaming. The cryptocurrency was built to allow developers to create apps and games that utilize the token.
The token can be used for in-game purchases, rewards, and payment in specific marketplaces.
The token is often being marketed as an innovative solution for the gaming industry’s payment problem, primarily what brought it to the market’s attention.
On top of that, experts have assessed that it is a low-risk token, which makes it quite attractive now that most major cryptocurrencies have become high-risk due to massive volatility.
Traders focusing on risk have likely turned to this token after Bitcoin started pulling the market down. Their interactions increased demand and price, which attracted those who sought solid performance.
Day traders also found their way to OG Token and the opportunity it represents, and suddenly, its volume surged from $8.35 million yesterday to $263.43 million earlier today. Even now, at the time of writing, the token’s volume is still relatively high, sitting at $172 million.
yPredict presale hits $3.5 million
In the middle of massive market uncertainty, some do not focus on low-risk tokens but on those seeking new opportunities among tickets that are not yet out.
yPredict (YPRED) is one such project that does not only have a solid plan for what it seeks to accomplish but remains immune to volatility while its presale is still ongoing.
The token raised $3.5 million, selling each ticket for $0.1. Once the presale is over, the listing price is scheduled to be $0.12, so there is an opportunity here.
YPRED is a native cryptocurrency of a new AI-based platform using artificial intelligence to offer AI-based trading signals, technical and fundamental analysis, pattern recognition, and more.
It was specifically built for developers, traders, and analysts. Furthermore, its AI technology can analyze the data much faster than humans.
All that users need to do is monitor the signals and reports that the platform generates, and they will be able to get a quick overview of the market and solid predictions.
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