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The Omni Network price plunged 42% in the last 24 hours to trade at $24.60 as of 03:09 a.m. EST on a trading volume that soared to $607 million.
This comes after the platform airdropped its test net users and some NFT holders with an airdrop worth $36.2 million and despite OMNI being listed on several exchanges, including Binance, ByBit, and Bitget.
After years of development, today we have reached a historic milestone for Omni: the $OMNI launch!
Claims and staking are available here now:https://t.co/PgRQ0xTC3V
Trading begins on @binance at 8 AM EST.
The future of Ethereum is now 🤖
— Omni Network 🤖 (@OmniFDN) April 17, 2024
Omni Network is a blockchain platform that aims to integrate Ethereum rollups, and with the restaking boom in DeFii protocols holders expect the price to skyrocket.
Omni Network Price Set For Price Recovery
After its launch, the Omni Network price began trading at $53.81 before crashing to the current price at $24.60. This is similar to notable projects, like Wormhole and Jupiter, which experienced a significant drop after $850 million and $700 million airdrop, respectively.
The Omni Network price has been on a downtrend, dropping within the confines of a falling wedge pattern to support around $22.88. OMNI bulls aim to use this support to propel the price, with the Omni Network price already trading within the upper boundary of the wedge.
Additionally, OMNI is trading below the 50-day Simple Moving Average (SMA), supporting the current price downtrend.
The Relative Strength Index (RSI) is moving from the 30-oversold level towards the 50-midline level at 44, showing intense buying pressure. If the bulls stage a trend reversal over the $22.88 support level, the RSI will pump over the 70-overbought region, indicating continued investor optimism.
Omni Network Price Prediction
The Omni Network price analysis on a 15-minute chart indicates that OMNI is currently on a downward trend but has the potential to surge over the $22.88 support as the bulls aim for $36.
However, in an inverse scenario, the bears could push the price down to the next support levels at $22.26 and 20.5.
Meanwhile, as the OMNI bulls look for optimal positions to enter the market, other investors are buying into the newly-launched Mega Dice ICO.
Mega Dice Blasts Past $356K In Crypto Presale
The Mega Dice platform has been a sensation as a popular crypto-oriented online casino and betting platform since its launch in 2023. Through the launch of the Mega Dice (DICE) crypto ICO, the team behind the platform is looking to extend its offerings.
Mega Dice is set to be the first GameFi project on the Solana blockchain, providing the ultimate casino token experience. And while at it, the projects aims to outdo sector giant Rollbit, and TG.Casino, which pumped 4X after listing.
🚀 $DICE is landing on Solana! 🎲
Get ready for exclusive benefits, retroactively and with every wager. 🌟
The ultimate casino token experience is coming. Stay tuned for updates through our official channels: Telegram & X.#Solana $DICE 🎰 pic.twitter.com/eDuMR3DH0e
— Mega Dice Casino (@megadice) April 3, 2024
In the first day after its launch, the project has already garnered more than $356k, with the presale soft cap minimum target set at $5 million.
The $DICE token will act as the utility token within the Mega Dice ecosystem. By participating in the project, you have an opportunity to earn rewards paid in the crypto token.
You will also gain access to 4,000 plus exclusive games and connect with 50,000 plus players on the platform.
Draw your sword and prepare for battle in our #NewGame release #SamuraisKatana by @push_gaming at Mega Dice Casino 🗡️ Wield the legendary katana of the samurai providing an unforgettable adventure filled with honor, courage, and BIG wins! 💰
🔗 https://t.co/fawORyTnCC pic.twitter.com/WuFp10tzeI
— Mega Dice Casino (@megadice) April 16, 2024
By participating, you also gain access to $2.25 million airdrop split across three seasons with an equal allocation of $750,000 each. You also get an opportunity to earn early bird bonuses and limited edition NFTs.
When you refer a friend, you get a 10% cut of your referral’s investment.
Refer a friend and stand a chance to win $1000 every week! 🤩
Simply visit https://t.co/QhS5uUOKEb on Telegram, click the 'earn tab,' and grab your unique referral link. Winners are announced weekly in our Telegram group: https://t.co/w6v0xNRi4q
You could be the next winner! 💰 pic.twitter.com/JfhjoLosvt
— Mega Dice Casino (@megadice) April 17, 2024
You can also stake $DICE and earn a portion of the 10% staking rewards.
According to 99Bitcoins, a YouTube channel with over 700,000 subscribers, $DICE has the potential to soar 100X after launch.
To participate in the presale, you can buy $DICE on the official website here for $0.069 using BNB, ETH, or SOL.
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