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As of today, June 23, the broader crypto market is experiencing a challenging period, with many crypto prices struggling to make gains. This can be attributed to a reduction in trading activities and a general sentiment of caution in the market.
However, despite the weak market conditions, there are a few tokens that have been performing well over the past 24 hours and a few days.
It is worth noting that some of these tokens are still in their presale stages, while others are already available on exchanges. These tokens include PEPE, Monero (XMR), Conflux, DASH, Polkadot (DOT), Chainlink (LINK), a leading decentralized oracle network.
The presales include Ecoterra, yPredict, DeeLance, a blockchain-based freelance marketplace, and Wall Street Memes, leveraging memes for investment strategies.
Pepe (PEPE)
Pepe (PEPE) is a cryptocurrency that has gained significant attention and recognition within the crypto community due to its association with Pepe the Frog, a popular internet meme character.
PEPE operates on the Ethereum blockchain, utilizing the platform’s robust infrastructure and smart contract capabilities. Between April and the first period of May, Pepe attained a top market cap of around $1.6 billion since its inception.
This surge attracted a considerable number of investors to the project, providing substantial gains for those who capitalized on the opportunity.
Following the footsteps of previous meme coins like Doge and Shiba Inu, PEPE aims to position itself at the forefront of a potential crypto market revolution.
PEPE experienced a price increase of 6.40% in the last 24 hours. Currently, its price stands at 0.000001537, and despite a decrease in trading volume by 10.62%, it still holds a significant value of over $686.4 million. The market capitalization of PEPE has exceeded $602.6 million, marking a growth of 5.89% in the same 24-hour period.
PEPE price prediction according to technical analysis
Based on the current indicators, PEPE is exhibiting more signs of a bearish trend rather than a bullish one. One key indicator is the Moving Average Convergence Divergence (MACD) line, which is positioned below the signal line.
This suggests that the momentum of the price is potentially weakening, indicating a bearish sentiment in the market. Furthermore, although the price of PEPE is currently above both the 50-day and 200-day Moving Averages (MA), the price may be attempting to decline despite this position.
On the other hand, the Relative Strength Index (RSI) for PEPE holds a figure of 52.47, suggesting a relatively balanced market sentiment.
Monero (XMR)
The present price of Monero (XMR) reflects its resilience in the cryptocurrency market, as it has demonstrated a notable gain of approximately 4% in price within the last 24 hours.
Despite a decline in trading volume by 15.86%, the trading volume still holds at a substantial amount of $73,167,387. Currently, the price of XMR stands at $153, indicating a positive trend for the cryptocurrency.
Monaro’s ongoing bullish trend; will it sustain this rally?
The possible future price movement of Monero (XMR) suggests good bullish signs as projected by certain indicators. Presently, the price of XMR is positioned above both the 50-day and 200-day Moving Averages (MA).
This signifies a positive trend and indicates that the average price over these periods is upward. The Moving Average Convergence Divergence (MACD) indicator also shows the MACD line moving over the signal line, indicating a potentially bullish signal.
However, it’s worth noting that the Relative Strength Index (RSI) has passed the 70 mark, entering the overbought region. When the RSI exceeds 70, it suggests that the asset may be overbought and potentially due for a correction or consolidation.
While the bullish signs provided by the MA and MACD indicate positive sentiment, the RSI crossing into the overbought region serves as a cautionary signal for investors.
It suggests that the price may have risen too quickly, and a potential pullback or period of consolidation could be on the horizon.
Conflux (CFX)
Today, Conflux (CFX), the layer-1 blockchain token utilized for powering decentralized applications (dApps), Web 3.0, and e-commerce, is experiencing notable gains in its price.
Although the price of CFX is currently slightly up by approximately 1% over the last 24 hours, the token has seen a substantial increase of around 40% in the past seven days, as reported by CoinMarketCap.
Conflux’s rise in value can be attributed to various factors, including positive market sentiment, increased adoption of its technology, and developments within its ecosystem.
As a layer-1 blockchain, Conflux offers scalability, high throughput, and low transaction fees, making it an attractive option for developers and users alike.
Possible price path of the Conflux (CFX) token based on technical indicators
The potential price trajectory of the Conflux (CFX) token suggests that it is currently displaying signs of sustained bullish momentum. This is glaring from several indicators pointing toward a positive outlook for its price.
First, the Conflux price has recently grown to meet the 50-day Moving Average (MA). This indicates that the short-term trend of the token’s price is moving upward, as it aligns with the average price over the past 50 days.
Additionally, the price of CFX remains above the 200-day MA, which indicates a positive long-term trend for the token. Moreover, the Moving Average Convergence Divergence (MACD) indicator shows that the MACD line is positioned above the signal line.
This bullish crossover suggests that the momentum of the price movement is in favor of buyers, indicating the potential for further upward price movement shortly.
Furthermore, the Relative Strength Index (RSI) for Conflux is currently at 59.22. A value above 50 typically indicates a bullish sentiment. With an RSI of 59.22, there is still room for growth, suggesting that there is potential for further upward price movement for CFX.
Dash (DASH)
The present price trend of Dash (DASH), an open-source blockchain network and crypto asset designed for facilitating cheap and fast global payments in a decentralized manner, shows a slight gain in its price today.
At the time of writing, the price of DASH stands at $34.46, which is a 3.92% price increase in the last 24 hours. While DASH has demonstrated some bullish signs recently, it is important to note that its trading volume seems to be on a different trajectory.
Over the last 24 hours, the trading volume has declined by approximately 9% but still holds at $41,210,164. A decrease in trading volume can indicate a decrease in market activity and a potential weakening of investor interest.
To gain further insights into DASH’s possible future price trend, it is crucial to consider certain indicators. These indicators can provide valuable information about the market sentiment and potential price movements.
The possible price movement of Dash (DASH)
The future trend of the Dash token suggests a mixed sentiment in the market, but it still holds the potential for a bullish trend. Several indicators provide insights into this potential future movement.
The Moving Average Convergence Divergence (MACD) indicator line is above the signal line. This bullish crossover suggests a positive momentum shift, indicating the potential for an upward price movement in the future.
It implies that buyers might be gaining strength and could drive the price higher. Furthermore, the RSI indicates that the token is recovering from the oversold region.
An RSI below 30 typically indicates an oversold condition, while a value above 70 suggests an overbought condition. The recovery from the oversold region could indicate a potential shift toward more positive sentiment and an increase in buying pressure.
However, it is worth noting that the price of the Dash token currently stands below both the 50-day and 200-day Moving Averages (MA). The 50-day MA represents the short-term trend, while the 200-day MA reflects the long-term trend.
The fact that the price is below these moving averages suggests that there may be some resistance or selling pressure in the market. While the indicators provide mixed signals, the potential for a bullish trend is still evident.
Traders and investors should closely monitor the price movement, along with the MACD line, RSI, and other relevant indicators, to gain a clearer understanding of the market sentiment and make informed decisions.
Polkadot (DOT)
Polkadot (DOT) is an open-source multichain protocol token that aims to provide a secure and scalable infrastructure for connecting specialized blockchains. One of its key features is enabling interoperability and facilitating cross-chain transactions between different networks.
In the past 24 hours, the price of DOT has experienced a rise of 1.53%, reflecting positive market sentiment and increasing demand for the token. As of now, DOT is valued at $4.9.
The market capitalization of Polkadot has also seen growth within the same time frame, increasing by 1.62% to reach $5,908,754,831.
Polkadot (DOT) future price trajectory according to technical indicators
The likely trend of the Polkadot (DOT) price suggests a potential recovery from selling pressure, with several indicators pointing towards a positive outlook.
The price of DOT is currently approaching the 50-day and 200-day Moving Averages (MA) from below. As DOT approaches and potentially moves above these moving averages, it indicates a shift towards a more positive trend in the short and long term.
Moreover, the Moving Average Convergence Divergence (MACD) indicator reveals that the MACD line is moving above the signal line. This is another bullish signal that shows a potential reversal of the previous selling pressure and indicates a shift in momentum favoring buyers.
Additionally, Polkadot’s Relative Strength Index (RSI) is currently at 53.86 and rising. This could further support the notion of a potential recovery in price and indicates a more positive sentiment among market participants.
Chainlink (LINK)
Chainlink provides a secure and reliable solution for fetching external data and executing various functions within smart contracts, enhancing their functionality and utility.
Chainlink (LINK) has been experiencing gains in its price over the past four days, particularly since June 19, when its price reached a high of $5.1738. As of now, Chainlink is trading at $5.9004, reflecting a 6.04% increase in price over the past 24 hours.
This upward momentum is also reflected in the token’s market capitalization, which has risen by 6.26% over the same period to surpass $3.16 billion.
Chainlink future price trend according to technical indicators
The future price trajectory of the Chainlink (LINK) token indicates a potential shift from a bearish trend to a bullish trend, supported by several indicators. The price of the token is currently rising and approaching the 50-day and 200-day Moving Averages (MA).
As LINK approaches and potentially moves above these moving averages, it suggests a shift in momentum toward a more positive trend.
Also, the Moving Average Convergence Divergence (MACD) indicator line stands above the signal line. This bullish signal shows a potential reversal, indicating that buyers are now dominating the market in the interim.
Moreover, the Relative Strength Index (RSI) for Chainlink stands at 55.04. An RSI above 50 is a sign that the buying pressure is relatively stronger than the selling pressure.
Ecoterra (ECOTERRA)
Ecoterra (ECOTERRA) is a digital crypto currency that promotes environmental sustainability and conservation efforts.
In simple terms, Ecoterra aims to create a platform where individuals and organizations can contribute to environmental projects and be rewarded with ECOTERRA tokens.
These tokens can be used within the ecosystem to support green initiatives, such as reforestation, clean energy, waste management, or wildlife conservation.
The project aims to incentivize positive environmental actions by providing a digital currency that rewards participants for their contributions. By utilizing blockchain technology, Ecoterra aims to ensure transparency, traceability, and accountability in environmental initiatives.
It seeks to harness the power of cryptocurrency and blockchain to make a positive impact on the planet while involving a wider community in environmental conservation efforts.
With Ecoterra’s Recycle2Earn mobile app, users can scan recyclable items and receive rewards in crypto if the item matches Ecoterra’s database.
$ECOTERRA Presale Success
Since the $ECOTERRA became available in presale, it has tasted different prices, and now, it’s currently priced at $0.00925.
In the next five days, as indicated on the presale site, the price will increase further to $0.01, the listing price of the token. So far, the $ECOTERRA token presale has raised over $5.3 million, approaching its benchmark of $5.7 million.
Considering how fast the tokens are selling out, the presale could reach its benchmark before the end of the presale. Interested investors can purchase the tokens ahead of the price surge using their USDT or ETH balance or even with their card.
DeeLance ($DLANCE)
DeeLance is an upcoming crypto asset that aims to bring innovation to the world of freelancing by leveraging blockchain technology and secured smart contracts.
The primary goal of DeeLance is to empower both freelancers and clients by providing them with a decentralized platform that ensures transparency, trust, and efficiency in their transactions.
Currently, the ongoing presale of the native token DLANCE is making remarkable progress, having raised over $1 million. The token will be sold at $0.043 at the next presale stage, representing an increase of 13.15% from its current price of $0.038.
Following the completion of the presale, DLANCE is anticipated to be listed on various trading exchanges, starting with a price of $0.057 per token. Investors and traders who take advantage of this current price of $0.038 will be expecting a significant gain of 50% on their investment.
It is important to highlight that the price of DLANCE is expected to experience exponential growth after each presale stage. It is important to note that the presale time remains less than hours before DeeLance officially closes the presale event.
To join the ongoing presale of DeeLance, follow the procedures below;
- Click on trust wallet, then click on the browser tab.
- Paste the deelance.com link in the search bar.
- Click on the Buy button to connect your wallet.
- Choose dApp Wallet (Trust Wallet, MetaMask) to Connect.
- Click on Buy with ETH or USDT to purchase.
- It will ask to approve; confirm it.
- If you have followed all steps, then it will show Transaction Successful.
yPredict (YPRED)
yPredict is a meme crypto platform that harnesses the capacity of Artificial Intelligence to predict and analyze the crypto market. With the project, crypto trading is enhanced, as this project deploys the full ability of AI technology.
Notably, crypto asset trading will be enjoyable and friendly when this great dream is achieved since the platform has made AI trading tools and services available in the ecosystem it created.
yPredict Presale Performance
The project team at yPredict shared its token achievement as the presale made $700,000 on May 9, 2023. Notably, the yPredict’s presale surpassed $1.6 million on May 24, 2023, and in 2 days, it reached $1.7 million.
The $WSM presale held firm on its success; it raised $1.9 million on May 30, 2023, and further hit a milestone as it raised $2 million on June 4, 2023.
Note the presale justified its success as the price increased to $0.09; it still raised $2.3 million on June 16, 2023. Later, the presale raised an additional $400K in one day, reaching $2.4 million on June 17, 2023.
Notably, today, June 23, 2023, the project’s presale raised $2,543,533.59 against its presale target of $2,982,551.25 as of writing. Furthermore, the YPRED presale might stop when it reaches this benchmark at $2,982,551.25.
Wall Street Memes with Its Presale Performance
Wall Street Memes is a meme project created out of excitement to honor a young man and to express the joy the internet had over capitalism.
The project anticipates leveraging the success memes crypto projects have made recently and its possible association with a movement referred to as WallStreetBets to create a token, $WSM.
$WSM Presale Performance
Interestingly, the $WSM presale reached $100K just a few minutes after the presale started. It further hit an astounding success later, raising $1 million on May 30, 2023.
Notably, on June 5, 2023, $WSM presale reached a milestone as it raised $4 million; as of June 9, 2023, it raised $5 million. Notably, the presale has raised $9,872,818.98 today, June 23, 2023.
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