RED TOKEN's Market Outlook: Gearing up for 55% Growth Spurt

RED TOKEN’s Market Outlook: Gearing up for 55% Growth Spurt

Updated: 15 August 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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One of the lesser-known cryptocurrencies that have seen solid performance recently is Red Token (RED).

The token’s price has been moving sideways for weeks, even ⅘ of the last 30 days. In the second half of July, the token’s price made a few attempts to grow, but resistance at $0.000008373 prevented it.

Around July 8, the token’s price was rejected from this level, and it dropped to a support at $0.000006883. RED traded sideways again for several days, leading to early August.

Around August 3, the price started spiraling down. It was not a rapid drop, but it did seem relatively consistent, and the token finally hit bottom at $0.000005282 on August 7.

At this point, the project saw a sudden price surge that took it back to its previous resistance at $0.000008373, only to breach this level without slowing down.

The price continued to increase, breaking several resistance levels along the way, including the ones at $0.0000105, $0.000012, and $0.000016.

Each level required some effort to break, but RED had strong momentum. It reached its monthly high at $0.0000208 on August 11.

However, that was when its price was rejected, and it quickly crashed down to a support at $0.0000012.

After a brief attempt at recovery, which brought it to $0.000016 on August 13, the price dropped back to $0.00001226, which is where it sits at the time of writing.

Even so, the RED price is still 68.5% higher than it was a month ago, and in the last seven days, it has seen a 117.6% increase. However, on the daily chart, it lost 10.8% of its value in the previous 24 hours.

yPredict presale steals spotlight

While Red Token did see a considerable price increase recently, crypto buyers seem to have found something new to focus on.

This appears to be yPredict (YPRED), a new cryptocurrency dedicated to empowering the world’s first AI ecosystem that aims to offer all the tools and services needed to become a successful trader.

The project uses AI to send signals, create fundamental and technical analyses, recognize chart patterns, and more.

It uses state-of-the-art predictive models and data insights to give its users an unbeatable edge in various industries. Finance is only one of them, while others include health, human resources, and more.

The project is in the middle of its presale, which is currently in stage 7. So far, the project managed to raise over $3.45 million.

At the time of writing, the token is available for $0.11. However, once the presale ends, it will be listed for $0.12.

Anyone interested in buying the token can do so in exchange for ETH, BNB, USDT, MATIC, or purchase it via credit card.

The project will also offer several tools, such as a backlink estimator, yPredict editor, yPredict Analytics, yPredict Predictions, and a yPredict Marketplace.

Token holders can also access benefits, including lucrative staking rewards, huge discounts, and a lifetime of free predictions.

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