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STORJ has emerged as one of the most potent bullish tokens on Dextools, surpassing the $0.50 threshold, claiming a 46.2% growth. This echoes a substantial 91% surge over the past 7 days.
⚡️ STORJ Token Price Pumps 43% In Last 24 Hours. @storj $STORJ pic.twitter.com/FOEyTFhXjY
— Crypto Today (@CryptoToday24X7) July 5, 2023
The STORJ price surge can be attributed to active trading of STORJ/KRW pair on Upbit, the largest cryptocurrency exchange in South Korea. This particular trading pair represents a significant portion, accounting for 57.04% of the total volume of crypto assets.
At the time of writing, the STORJ/USDT trading pair is valued at $0.4917 on Binance, and $0.502 on Upbit. South Korea’s crypto scene is known for its retail traders, who are recognized for driving up coin prices.
The storage token STORJ has risen by more than 37% in the past 24 hours. Upbit STORJ/KRW, South Korea's largest exchange, contributed 57.8% of the entire spot trading volume of about $251m. At present, the annualized negative fee rate of STORJ U-standard contracts in Binance…
— 🇨🇳 Chinese Blockchain (@ChineseBlocks) July 5, 2023
STORJ Breaks Above the Descending Triangle
The bears have been pulling the price of STORJ down for a while now, even in the wake of the bulls struggling to push prices up. The price has formed 2 lower highs and 2 lower lows before breaking above the upper bearish trendline.
Additionally, STORJ descending triangle indicates that the price will break out of the triangle. However, the surge may be short lived as its price has formed a double-top trading pattern, indicating that STORJ will experience a price decline.
If this occurs, the price might fall back to the support level of $0.44 before the bulls swoop in to push it up. The support level might be a catalyst for creating a new high for the price of STORJ.
STORJ Price Indicators Confirm Bullish Trend
STORJ indicators also support the recent surge in its price, looking at simple moving averages and the relative strength index. The 9 and 21 moving averages display a struggle between the bulls and the bears, pushing and pulling the price in the hope of a breakout on either side.
However, the bounce of the price on the upper trendline at $0.44 would later drive the price to its low of $0.22.
However, the moving average cross at $0.25 confirms the price breakout as STORJ retests the moving average before the breakout. Furthermore, the 9 SMA acts as a support for the STORJ price at the time of writing.
Additionally, the relative strength index (14) trades in the overbought region at 82, above its buy-end level of 70.
As STORJ continues with its bullish momentum, here is another coin that promises huge returns. Investors who like to diversify their portfolio will find this coin as a safe haven. In fact, Elon Musk, one of the most influential figures in crypto, tweeted about it.
Wall Street Memes (WSM): Rising to Prominence in the Cryptocurrency Market
The Wall Street Memes community is rapidly expanding, with the current token price at $0.031, making it an attractive investment opportunity. Moreover, the project has already succeeded with a highly successful presale that raised over $12.6 million.
The Wall Street Memes (WSM) token is a new cryptocurrency that has gained attention in the market.
It is associated with the artists behind the Wall Street Bulls NFT collection, which sold out quickly upon its debut. The WSM NFTs are traded at high prices on a renowned NFT marketplace, reaching up to $14,000.
Investors are encouraged to visit the WSM platform for this opportunity. Investing in meme stocks through WSM can combine entertainment and financial gains. The WSM team aims to understand crypto trends and simplify portfolio diversification.
In addition to the WSM token, the creators have launched Bitcoin Ordinals NFTs, showcasing their market expertise. WSM aligns with the current market trend of memecoins, further strengthening its appeal.
The roadmap for Wall Street Memes outlines the plans for Phases 2 and 3. These include collaborations with influencers, awareness campaigns, and establishing an exclusive community.
The team has set a goal of reaching a $1 billion market cap, which suggests a potential token price of $0.50 based on a total token supply of two billion.
Wall Street Memes ($WSM) eagerly awaits its listing on top-tier exchanges (CEXs), which could potentially result in a significant price surge.
Investors can acquire WSM tokens using ETH, USDT, or a credit card, providing accessible options for interested investors
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