Prophet Price Prognosis: With Prediction Markets Rising, Will PROPHET Touch $5, Amid The Chatter About A Hidden Presale Jewel?

ByLockridge Okoth

Updated: 13 October 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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Prophet is a trading bot, just like any other bot, only better because it performs its own trades and distributes profit to holders. With a steady streak of gains, analysts qualified it among the most profitable plays in the currently lulled market.

This may be the most profitable play in a bear #PROPHET

Seems like their holders are the only ones consistently making money at the moment.@ProphetBots looking really solid here.

I've entered with size, hear its a big week for them. Tons of new features being rolled out. pic.twitter.com/xE7s0uxD4g

— POΞ (@Poe_Ether) October 10, 2023

Prophet token boasts a $2 million market cap after recording an all-time high of over $4 million. With some describing the token as a strategic choice for long-term investment, it quickly passes as one of the crypto versions of low-cap stock funds.

Tokens like $AIMBOT and #PROPHET are the crypto version of low cap stock funds

— Slayer (@SLYR1111) October 13, 2023

Prophet Token From A Technical Standpoint

Prophet price is bullish, consolidating along an ascending trendline. However, its upside potential remains trapped below two levels, the critical resistance at $2.85 and the range high at $3.86. With these, a rising wedge pattern is formed. A rising wedge pattern is a technical formation that occurs following an uptrend, signaling a potential reversal in the asset’s price.

With this, it is likely that Prophet’s price could fall, breaking below the support offered by the ascending trendline at the $2.00 psychological level. The Moving Average Convergence Divergence (MACD) histograms are in the negative territory, signifying a strong pull by the bears.

Enhanced seller momentum could see Prophet’s price flip below the Parabolic Stop and Reverse (SAR) indicator at $1.67 before a possible run down to the $0.97 support level. A break and close below this level would annihilate the optimism.

In the meantime, however, the odds still favor the bulls, and Prophet price could still surge. To begin with, the Parabolic SAR continues to trail the asset’s price from below, pointing to a possible entry point at $1.67 for the willing investor. Increased buying pressure above this level could set the course for PROPHET to maintain the current uptrend.

A sustained move above the ascending trendline could see Prophet price tag the critical resistance at $2.85 or extrapolate the gains to the range high at $3.86. In a highly bullish case, the altcoin could extend a neck high to the forecasted $3.00 psychological level. Such a move would denote a 125% climb above current levels.

Meanwhile, MK is another token worth considering, having debuted only recently but already recording so much success. This is so much so that it threatens to dethrone Pepe Coin (PEPE).

https://youtu.be/V-i9AMjT1Io?si=PK9zhllXFxEOT3SO

Prophet Alternative

According to some analysts, MK is the next PEPE potential crypto, featuring among the top five meme coins to buy in 2023. It is the powering token for the Meme Kombat ecosystem, offering gaming enthusiasts a new gaming platform with the opportunity to choose their meme characters for battles.

pic.twitter.com/uBMNFx1kuc

— Meme Kombat (@Meme_Kombat) October 6, 2023

Meme Kombat has multiple utilities and functions, including memes, GambleFi, and staking functions with AI battles. This helps it deliver an engaging experience. Contending against Wall Street Memes (WSM), the project has secured its place in the meme niche with well-crafted tokenomics. Specifically, it emphasized the importance of investing in projects with long-term potential.

You feel that?

That's the sweet sound of $MK soaring to the moon 🚀

Big week ahead of us memers🔥 pic.twitter.com/zUiqf002MY

— Meme Kombat (@Meme_Kombat) October 11, 2023

Meme Kombat presale, as reviewed by Crypto Gains, is one big success story with a forecasted 10X growth potential. Every MK token is going for $0.1667.

Your thoughts on the $MK tokenomics updates?

We're just gearing up for kombat ⚔️ pic.twitter.com/tDJ8NgcEVV

— Meme Kombat (@Meme_Kombat) October 11, 2023

In the sprint to its $1 million soft cap, the project has already raised $484,504. Amid the presale, 50% of the MK tokens are up for grabs, with allocations of 10% for exchange liquidity. Besides these, 10% will go toward community rewards, while 30% will be channeled toward staking rewards. In case you missed it, the project recently slightly adjusted its tokenomics, increasing the total supply by a factor of 10.

🚨 PRESALE UPDATE 🚨

The team at #MemeKombat are making a minor, yet noticable change to our tokenomics for $MK. We are increasing the total supply by a factor of 10. The new token supply will be 120m $MK tokens 📈

So what does this mean for everyone?

— Meme Kombat (@Meme_Kombat) October 10, 2023

With a new token supply of 120 million, community members enjoy increased flexibility with tokenomics. Noteworthy, the change will not harm holders in any way.

Visit and buy Meme Kombat here