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The RabBitcoin price has plunged 13% in the last 24 hours to trade at $0.000004806 as of 4.40 a.m. EST on trading volume that plunged 17% to $5.81 million.
RBTC is a new project that is barely over a month old, and it’s been on a tear over the past week, surging 26%.
It launched as part of the GameFi sector, where gaming meets blockchain innovation, and it has since made plenty of headlines.
Its recent surge, however, started after the project posted an update saying that the first vesting has been unlocked for RabBitcoin’s token holders. Anyone who finds that their tokens are still locked should simply participate in one of the games, which will activate the unlock.
🐰Exciting update!
The first vesting has been unlocked for RABBITCOIN’s token holders! If your tokens are still locked, simply participate in one of the games to activate the unlock.
Don’t miss out on making the most of your holdings! 🐰💥$TON $RBTC pic.twitter.com/9zteMeVwQO
— RabBitcoin (@rockyrabbitio) October 29, 2024
The project became quite popular as it allows users to predict the price of BTC, and win big if their predictions are correct. The project also lets players use major cryptos from the TON network to play, which makes it easier to engage with the game.
RabBitcoin Price Prediction
RabBitcoin has seen a very low amount of activity after its lunch. Initially, its price plunged from $0.000008596 and then it stabilized just above the support at $0.0000040. For almost a full month, the token saw little to no activity, which all changed in the past 24 hours.
Now that RBTC became known to the wider market, RabBitcoin price has started seeing much stronger volatility, which could lead to new opportunities for the buyers. So far, the token saw sharp and quite massive surges, followed by price corrections which would cut the previous surge in half.
For the most part, the project spent the last 24 hours trying to breach a resistance at $0.0000050, and while it was successful on several occasions, it was unable to turn the level into a support and continue to grow from there.
Its Bollinger bands have seen a sharp narrowing in the last several hours, which is a bearish signal that might suggest that the token’s price will be rejected from the resistance in the near future. For the moment, the price remains between the two bands, but it could start pushing either one of them at any moment.
Then, there is the project’s Relative Strength Index (RSI) value, which went from the oversold zone to the overbought zone, and then spiraled back down to the neutral area, all in the last 19 hours or so.
This suggests strong trader activity, but also rapid shifts between bulls and bears. In other words, the token is currently not sticking to a particular trend and is instead trying to find its limitations as the traders experiment with the price.
Like the stability that the RabBitcoin price found between the two bands, the RSI is also in the neutral area at the time of writing, and its next move will likely determine whether the price will be rejected or if it will retest the resistance at $0.000005.
Promising Alternative To RabBitcoin
While RabBitcoin holds great potential for gamers and speculative traders, its technicals are signaling a potential upcoming decline. That being the case, investors could turn to an alternative like Pepe Unchained (PEPU), a new version of Pepe that views itself as a better, superior option thanks to the fact that it has its own blockchain.
Due to running on Ethereum’s network as the ERC-20 token, the original Pepe is technologically quite limited. Its transactions are slow and expensive, and it suffers from the inability to scale, just like ETH itself.
Even so, the project is one of the most popular meme coins in the industry, currently sitting as the third-largest meme coin by market cap.
If its underlying technology was better, PEPE might be able to conquer the meme coin sector, and rival even Dogecoin itself. This is the premise behind Pepe Unchained — the first Pepe-inspired meme coin to have its own Layer-2 chain, which allows it to offer near-instant transactions, low fees, and an entire ecosystem in the making.
The project has already designed a native DEX, bridge, and block explorer, with the PEPU Foundation in the making, as well.
On top of all that, it is still in presale stage, and its ICO is easily one of the most successful ones that the meme coin space has ever seen. To date, it raised over $23.7 million, and counting.
The project also attracted the attention of experts such as ClayBro, a crypto YouTuber with over 130k subscribers, who believes it has at least 10x potential.
Others think even more of the project, suggesting that it might overtake the original Pepe once it goes live. If true, that means that the project could be in for a major price surge, so buying early could be beneficial to any opportunity seeker in the crypto sector.
Anyone can buy PEPU tokens early for $0.01199 apiece using ETH, USDT, BNB, or credit/debit cards. Buy before a price hike in less than 38 hours for the best deal.
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