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With a double figure growth over the past month, Standard Tokenization Protocol (STP) has stormed the market by surprise. The decentralized open-source protocol has recorded impressive growth that has it among the market’s top gainers, evident by its 10.83% price increase within the last 24 hours.
Due to the token’s massive bullish trend, market analysts have optimistic STP price predictions that suggest it’s one of the best cryptocurrencies to buy now. But are there enough indicators for investors to add STP to their portfolios right now? We analyze the current market realities below.
STP Records Double Digit Growth: Is it on A Run to $0.1?
Over the last 24 hours, many low-market capitalization altcoins have topped the list of the top market gainers. STP is one of such coins, with a 24-hour price increase of 10.83%. The price increase has also impacted the token’s market cap, which has increased to over $151 million and moved STP to #158 in the coin market cap ranking.
However, STP’s positive market trends extend beyond the last 24 hours. In the previous 7 days, the token has experienced a 30.54% growth, and its month-to-date performance shows a massive 59% increase. In other words, STP has attained double-figure growth over the past month, week, and day.
Though the current STP price of $0.078 is significantly lower than the $0.27 all-time high it attained in 2021, it remains one of the best crypto tokens of 2023. Because of the recent bullish trends, our STP price prediction is optimistic, raising the question of whether $STPT will break new support levels and reach $0.1 soon.
A further look at the $STPT technicals provides more insight into the token’s potential. According to data from TradingView, $STPT is in high demand among traders. The token’s market summary shows a “Strong Buy” sentiment pegged at 16 and a “Sell” sentiment at 0.
Today's Hot Token!$STPT has surged by +24% in the last 24 hours.
What is fueling this price increase?
Please let me know.#gainers #CryptoNews pic.twitter.com/GbywMOCLOs
— Red (@Boniface1905) October 5, 2023
The moving averages also indicate a “Strong Buy” pressure, with bulls having the market at 14, and the oscillators are neutral-bullish, with a “Buy” sentiment at 2. Interestingly, the same sentiments cut across $STPT trades over the past week and month.
The reason for STP’s market upturn is still unclear. However, both long-term and short-term investors will potentially profit from the token’s returns if it continues a bullish run – especially as $STPT gears up for massive gains in 2023 and beyond.
However, while STP is rallying, Meme Kombat is set to break the internet with its ongoing presale. The presale offers investors various investment opportunities to play, stake, and earn in one place.
Meme Kombat Lights Up the Online Betting World With Innovative Web3 Features
Meme Kombat is a new metaverse project set to transform online gaming for bettors and combine it with investment opportunities for traders. The gaming project creates a virtual ecosystem where gamers can bet on combats among different memes and earn real money if their stakes are successful.
Meme Kombat determines all game outcomes using a transparent and tamper-free on-chain generator since it operates on the Ethereum network. So, players can get real-time result updates and determine their rewards instantly.
You can pick one to fight alongside you, the rest are against you.
Who you picking? ⚔️ pic.twitter.com/sZOGmoFEss
— Meme Kombat (@Meme_Kombat) October 17, 2023
However, besides its focus on Web3 gaming, Meme Kombat community members and investors can leverage its staking feature and earn up to 112% annual percentage yield (APY). All you need to do to participate in the staking program is buy the proprietary $MK tokens and stake them on the platform.
So, Meme Kombat has a perfect environment for active online bettors and passive crypto investors looking for risk-averse investment opportunities.
Meme Kombat Presale Raises Almost $600K: Set for Massive Explosion
The Meme Kombat presale is currently ongoing, offering investors the opportunity to join the Web3 ecosystem and maximize its stake-to-earn possibilities. The presale is in its first stage, where it has raised almost $600,000 within a few weeks, making it one of the best crypto presales on the market.
The presale is going just great so far ⚔️
Thank you kombatants!$MK #MemeKombat pic.twitter.com/Vl3qd8rUCU
— Meme Kombat (@Meme_Kombat) October 17, 2023
Interested investors can buy $MK tokens here at a discounted price of $0.1667 using ETH or USDT. You can also stake your coins immediately and start earning passive income before the project fully launches.
With its upcoming exchange listing and full launch, there’s a lot of potential in the future of Meme Kombat, and the token is poised to explode.
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