Psyop Coin Rebounds From Dip To Close To ATH. Too Late To Buy?

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Psyop coin rallied 750% in one day, rising from a 0.000206 dip to a high of 0.0018800. With this rally, the altcoin moved closer to its ATH of 0.004410.

Psyop Loyal Integration

On July 16, @eth-ben, the man behind the PSYOP project, expressed intention for innovation. Based on his post, he intends to find a solution for incorporating the “$LOYAL” into “$PSYOP” crypto and then send it.

https://twitter.com/eth_ben/status/1680651051656175616

He never provided specific details regarding how he plans to achieve the integration. Speculation has it that it could involve methods like token swaps. Others include cross-chain bridges, smart contract integration, or rebranding/token migration.

In response to his statement, a user requested Ben to expedite the process or offer rewards to the presale buyers. In response, Ben emphasized that their top priority is ensuring fully functional product development. Specifically, he mentioned Version 3 of the Launchpad and PsyDex contracts.

These are currently in the final audit phase and include significant upgrades. Once the products are stable and secure, the second priority on their agenda comes to play. This involves implementing a reward system likely to incentivize user participation and engagement.

https://twitter.com/eth_ben/status/1680657440294191104

Afterwards, other Twitter users suggested ideas to help advance Ben’s plans for LOYAL and PSYOP. The discussions sparked enthusiasm around both coins as users became aware of his promising future vision for the projects.

The excitement generated by Ben’s comments and his plans caused PSYOP to trend on Twitter, garnering 1.16 million tweets.

$PSYOP IS TRENDING 1.16 MILLION. pic.twitter.com/0qlKQYDZXj

— Peak.eth (@peaketh333) July 17, 2023

Additionally, users were delighted with the substantial rally, experiencing a remarkable gain of 750% in just one day. Many praised Ben for igniting the rally in the coins and rewarding those who remained loyal to his project.

https://twitter.com/thepeacock_eth/status/1680785293106982913

PSYOP Price Analysis

Pyop price — TradingView: PSYOP/USDT 2-hour chart

The PSYOP/USDT two-hour chart reflects a remarkable 740% surge in gains during the past 10 hours. Despite a prolonged period of decline since its launch, the coin experienced a significant bullish rally on late July 16. This pushed its prices closer to their all-time high (ATH) level.

Based on the chart above, the Relative Strength Index (RSI) has just confirmed Welles Wilder’s interpretation of an overbought asset. In his definition, investors should watch for the RSI breaking below 70. After a peak reading above the 80 market, the Psyop price is suffering the brunt of excessive buying, hence the current pullback.

The direction of this momentum indicator points to a continued downtrend as its direction south signifies falling momentum.

Also, the Moving Average Convergence Divergence (MACD) had redirected from the uptrend, suggesting buyer exhaustion.

Bulls losing their grip on PSYOP could give way for bears to recover control. The ensuing selling pressure could send the altcoin to new lows.

Nonetheless, the suposed developer behind the PSYOP project, Ben, suggests that the rally is just the beginning. He has several plans underway, comprising initiatives for the project’s future.

As this is not investment advice, traders should be cautious, conduct their research and closely monitor developments. Make investment decisions from an informed point of view, and with money, you are okay with losing.

As a side note, traders who missed out on the PSYOP gains might find alternative projects intriguing. Chimpzee is first in line.

Alternative to PSYOP

The Chimpzee ecosystem has achieved a significant milestone as it enters its seventh stage of the presale, specifically the Gold Stage. This stage introduces the Gold NFT, containing 750,000 CHMPZ, the native token of Chimpzee.

So far, the ecosystem has successfully collected $865,093, with the current token price at $0.0007. Following the presale, the ecosystem plans to list the token at $0.00185.

Hello #ChimpzeeArmy!🐒

Join the 7th Stage of the #Presale and get $CHMPZ at the lowest price in the Gold Stages!🪙🚀

🔥Receive a 125% Bonus
➡️Price Now – $0.0007
🚨Stage 8 Price – $0.000775
✅Listing Price – $0.00185https://t.co/Geog3EVuMC #GreenCrypto #EcoCrypto pic.twitter.com/WLu7yMosVu

— Official Chimpzee Project (@RealChimpzee) July 12, 2023

Addressing Environmental Issues and Providing Passive Revenue

The Chimpzee project aims to tackle important problems such as wildlife conservation and climate change. It also provides its customers with a passive revenue stream. The project team demonstrates their dedication by donating some of their revenues and allocating 10% of the total token supply to charities. The common denominator is a shared vision as they work to solve these pressing issues.

🌿🦁 Are you filled with…

A burning desire to protect Planet Earth?🌍

A strong commitment to wildlife preservation?🐆🦜

And want to earn incentives?💸

Then join the #Chimpzee #Presale right away and become a part of our journey!🚀🔥https://t.co/Geog3EVuMC #EcoCrypto pic.twitter.com/6OHPlfRfXU

— Official Chimpzee Project (@RealChimpzee) July 15, 2023

The Chimpzee ecosystem is a fully-equipped Web 3.0 platform ready to take on climate change and support wildlife preservation efforts. The project’s comprehensive approach highlights its commitment to positively impacting the environment.

Upcoming Token Burning Event and Bonus Offers

The Chimpzee ecosystem has announced an upcoming token-burning event on July 19. This will reduce the total supply and increase the price of $CHMPZ during the Gold stage. In a tweet on July 12, they also announced a 125% bonus on token purchases. This provides users with an exciting incentive to participate in the project.

Tokenomics and Distribution

Chimpzee’s native token, $CHMPZ, plays a crucial role within the ecosystem. There are up to 40 billion $CHMPZ tokens in circulation. Users can earn $CHMPZ and utilize it for various goods and services within the ecosystem once they become active participants. The distribution of tokens is as follows: 45% for public sales, 15% for marketing, 10% for trade and research, 10% for charity, and 5% for community prizes and sports teams.