Tip Price Explodes 80% Hitting $0.00045

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Tip, the token that hopes to change how people interact and transact, has exploded in a splendid show of bullish muscle with 24-hour gains surpassing 80% a few days following protocol launch.

According to CoinMarketCap, Tip is trading at $0.000382, with more than $3.8 million in trading volume streaming in. Although TIP ranks #2,160 among other cryptos, its exact market capitalization is yet to be determined.

Tip Price Prediction: How High Can TIP Go?

Tip protocol launched at the beginning of September but started trading on multiple exchanges, including Uniswap, Bitget, MEXC, LBank, Bitrue, and AscendEX on September 18.

From a listing price of $0.0002942 on MEXC, Tip price printed a big green candle, whose wick hit an all-time high of $0.0012. Oodles of selling activities engulfed the token, resulting in a lengthy correction to its first significant support area at $0.000181 on September 28.

Over the last 24 hours, bulls put their best feet forward, quashing the selling pressure and supporting an impressive rally to $0.00045.

Tip price currently hovers at $0.00037 amid a glaring retracement unless bulls act fast to protect the progress and keep the uptrend intact ahead of a potential return to the ATH.

Tip price chart — TIP/USD two-hour chart | Tradingview

Based on the technical outlook as depicted by the Relative Strength Index (RSI) which measures the strength of an asset’s trend – either up or down, a correction is imminent. Soon after the RSI entered the overbought region above 70, traders started to sell, increasing the chances of a trend reversal.

The Moving Average Convergence Divergence (MACD) indicator reinforces the bearish outlook. While traders sought exposure to TIP as the blue MACD line crossed above the red signal line, they were likely to close positions if the opposite happened. In other words, traders will be inclined to sell if the blue MACD line flips below the red signal line.

Recovery from the current position might be a pipe dream, with the 100 Exponential Moving Average (EMA) pressing down on TIP at $0.0003855. Therefore, investors might have to consider another sweep through lower support areas, for instance, the 50 EMA at $0.0003.

After collecting more liquidity, bulls can begin to build momentum for another attack at $0.00045, determining if the Tip price continues above $0.001 to the all-time high at $0.0012.

About Tip

Tip is a new crypto project seeking to be “the future of social interaction” by allowing its community to reward friends and creators “without leaving the comfort of Twitter/X.” The idea behind Tip is that social interactions are dynamic, and people need to be able to tip content creators, artists, and even influencers directly for the value they provide to their audience.

The Tip Coin believes it has the potential to achieve that and more by promoting the use of a crypto token designed specifically for instant micropayments.

Here's a few $tips

1⃣ Epoch 1 form for those filtered this week
2⃣ Epoch 2 Claims will be live next week
3⃣ Epoch 3 ends next Friday 9/29
4⃣ All future airdrops will be on the $tip platform pic.twitter.com/RiKwDqnX4P

— tipcoin (@tipcoineth) September 22, 2023

According to the official project’s website, the token functions off one-week epochs that kicked off on September 1, 2023. The project monitors and measures user interaction and engagement while rewarding them with points. All the points earned or gathered in the initial epoch are eligible for claiming in TIP tokens during the following epoch.

“We add up all of your mentions and continuously recalculate engagement to update your points,” a quote on the website reads. “We determine your percentage of the epoch’s token allotment using points and account status.”

The bonus for holding tokens will be applied/not applied based on your submission wallet. Make sure the submitted wallet holds tokens to receive the point bonus/bonuses.

— tipcoin (@tipcoineth) September 20, 2023

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