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The Slothana price jumped 60% in the last 24 hours to trade at $0.02577 as of 4 a.m. EST on trading volume that skyrocketed 100% to $17.18 million.
The pump may have been fired by a message from the development team that SLOTH community members should keep an eye out for some big news coming out today.
The news helped fire the token to an all-time high of $0.02866 earlier.
Slothana Price Prediction
Slothana concluded its presale at the start of the month, airdropping its tokens, and entering circulation. After seeing an initial surge, the token then dropped below its launch price, only for it to skyrocket over the past two days.
Starting on May 8, the Slothana price surged to a new all-time high, and while it was rejected as it approached the resistance at $0.30, its price is once again growing.
According to the project’s Relative Strength Index (RSI), this new surge is only starting, as SLOTH recovered most of what it lost over the last few hours, while its RSI barely climbed from the oversold zone into the neutral.
This suggests that SLOTH has a lot more room left to grow, as traders are unlikely to take profit until the RSI value climbs up, well into the overbought area.
At the same time, another bullish signal comes from the project’s Bollinger bands, which have seen a major widening in the past few hours.
This is good news for the Slothana price, but so is the fact that most of the market has been trading in the green over the last 24 hours. Bitcoin returned to $63k mark, and while it struggles to breach it, this is very positive performance.
The broader market is currently in a neutral position, with a hint of the upcoming bullish sentiment. While the situation could still turn at any time, traders interested in taking risks can certainly find good opportunities right now, and SLOTH may just be one of them.
Promising Alternative to Slothana
Slothana was one of the most successful meme coin presales of the year, but around the time its ICO was concluded, a new presale emerged, going by the name of Sealana (SEAL).
This is a meme coin based on a seal, as the name suggests, and it emerged on Solana’s network.
#Sealana, making #Memecoins great again! 🇺🇸
Manifesto
1⃣ No Frogs 🐸
2⃣ Less Hats 🧢
3⃣ Many Whales 🐳
4⃣ Zero Rugs 📉
5⃣ More $SEAL 🦭 pic.twitter.com/FEImgpWxWz— Sealana (@Sealana_Token) May 7, 2024
However, it has also recently announced that it has gone multichain and that it can now be purchased with ETH as well, which helped push the presale funds raised to more than $374k in a little more than a week.
Sealana does not offer promises of great profits or utilities. Instead, it seeks to be a traditional meme coin that only focuses on humor and is fun to buy and hold as part of one’s portfolio. With that being the case, the project does not offer staking, massive airdrops, or anything of the sort.
Slothana is just a “chubby seal absorbed in the degen market,” who is overwhelmed by an “obsession with finding the next big Solana meme coin.”
SLOTH’s community-focused strategy harks back to the success of Slerf, which quickly became a top 10 meme coin by market capitalization. At one point, Slerf even traded $2 billion in a single day. It’s such achievements that SLOTH dreams about emulating, and is hellbent on achieving.
SLOTH is a ”send SOL” type presale with no timer, stages, hard cap, or even a whitepaper. If you are interested to join, get aboard soon because ICOs like this sometimes end much sooner than expected.
Visit the SEAL presale here. One SOL buys 6,900 SEAL tokens.
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