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Polymath, a computational lab’s token, is predicted to soar despite experiencing a daily drop of 8.23%. Investors are still hoisting green flags for this token on CoinMarketcap.
Meanwhile, Chimpzee, a green crypto, is on the verge of concluding its current presale stage. Have you invested in it yet?
Polymath Drops by 8.25%
The latest charts on Coinmarketcap show that Polymath has dropped by 8.25% in the last 24 hours. At 8.50am EST, Polymath is trading around the $0.15 mark.
However, while its market capitalization has experienced a minor decline of 8.24% (now $142.2 million), its trading volume has increased by 59.87% (now $1.7 million).
What is Polymath?
Polymath is a blockchain-powered tech designed to create, issue, and manage security tokens on the Ethereum blockchain. Spearheading the creation of a unique standard for security tokens – ERC-1400, the Polymath network has deployed more than 200 tokens to date.
According to the official website, it was founded while researching the solution to tokenize a private fund. This decentralized project has members working worldwide; over 50 global service providers have adopted this technology.
Polymath Price Analysis
Polymath has been moving up in a jagged pattern since June 10.
The token’s performance from that point has been mainly in the green. Even the recent decline is a correction from its early long green that pushed the token up by 55% the day before.
Polymath has been moving above its 50-day moving average since July 10. This SMA is acting as its current resistance. If POLY stays above this mark, it might soar on the price charts.
Another bullish prediction about Polymath is its RSI, which has now dropped in the middle after reaching the overbought zone. A positive MACD is another reason behind our bullish prediction for this token.
Polymath Alternative – Chimpzee
Chimpzee is a green cryptocurrency project that has raised upwards of $1 million in its ongoing presale. With its sharp focus on the environment and multiple “earn” mechanics, Chimpzee aims to have a mass appeal among investors seeking to become early movers.
Airdrop Coming
To celebrate the project raising $1 million through its presales, Chimpzee is organizing an airdrop, offering 10 million tokens. It states that as the presale progresses, the airdrop rewards will decrease.
🚀🎁Exciting news from #Chimpzee! Our #Airdrop system is here!💰💫
Tokens decrease as the #Presale progresses🎁
🎉Claim your tokens, and after presale ends receive these extra $CHMPZ as an airdrop to your wallet!📩💎
Don't miss out on extra CHMPZ!🚀🌐https://t.co/Geog3EVuMC pic.twitter.com/aaKzI2d5dF
— Official Chimpzee Project (@RealChimpzee) July 29, 2023
Tokenomics Involving Two Burn Events
The native token of the ecosystem – CHMPZ – will go through two burn events to limit its supply. The first one will take place after the timed presale, in which tokens that remained unsold during the presale will be burned. Experts have stated that this newly introduced burn mechanic can lead this crypto to 10x after the presale’s conclusion.
The second burn will happen when the user purchases the Chimpzee NFT passport, in which the tokens used to purchase the NFT will be burned. The official whitepaper states that it could represent 10% of the total supply.
The multi-stage presale stage is about to conclude its current stage, which means those seeking to gain a 125% bonus must act today by visiting chimpzee.io.
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