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Many crypto projects, especially meme tokens, are enjoying dramatic price pumps in the short term.
With many projecting promising future outlooks in the nearest days and others indicating a bullish market in the coming weeks, investors are entitled to massive returns.
Today, May 11, 2023, WOO, KAVA, AiDoge, Launchpad, yPredict, DLANCE, LUNC, ECOTERRA, and SPOONGE are the top gainers.
Analyzing these coins is vital to learning their real-time moves and possible strategies to employ when trading.
WOO Network (WOO)
WOO is a token that powers fee discounts and staking on the Centralized Finance (CeFi) and Decentralized Finance (DeFi) products of the liquidity network, WOO Network.
WOO Network aims at connecting exchanges, traders, DeFi platforms, and institutions with democratized access to top-class trading and liquidity execution at little to no cost via its WOO X and WOOFI developments.
WOO X provides optimum execution and liquidity to its institutional and professional traders. Also, it’s a Centralized Exchange (CEX) with workspace customization modules.
On the other hand, WOOFI is a Decentralized Exchange (DEX) deployed across the network with DeFi applications and protocols. These provide users with advanced on-chain execution and liquidity. It also offers swaps, income-stream pools on Avalanche and BNB Chain, and WOO token staking.
The WOO tokens are now trending, attracting institutional clients like exchanges, investors, and many others. Meanwhile, here is WOO’s performance so far!
WOO Token Price Action
WOO has performed remarkably since May began, compared to its performance in January, February, March, and April.
Throughout January, it traded between the $0.1 and $0.2 levels. After recording $0.12 on January 1, WOO touched $0.201 on January 24 and dropped to $0.1737 on January 31.
WOO’s performance in February was different. On February 1, it began at $0.18 and recorded $0.2181 on February 28.
Amid several fluctuations in March, the token struggled to maintain its $0.2 level, causing it to trade at $0.2075 on March 1, drop to $0.1951 on March 29, and back to $0.2069 at the end of the month.
April was more bullish. WOO went from $0.215 as of April 1 to $0.3242 by April 17. Although it dropped, it remained at the $0.2 level, trading at $0.2688 on April 30.
WOO’s bullish signals have prevailed till May. As of May 1, WOO was trading at $0.2623, but by May 6, it touched $0.307. Despite the bearish pressure on its price, WOO maintains the $0.2 level.
Today, WOO trades at $0.2308, a 4.31% price increase at the time of writing compared to yesterday’s price. Furthermore, several fundamental and technical analysis hints at WOO gaining more prices in no time.
WOO Technical Analysis
WOO is currently in bearish sentiment. It’s trading below its 50-Day and 200-Day Simple Moving Average (SMA), indicating a short and long-term bearish market.
The Relative Strength Index (RSI) at 32.90 represents WOO’s price stagnation. Also, the RSI line pattern shows the market’s possibilities of falling into the oversold region (below 30) if the bears intensify their pressure.
WOO’s Moving Average Convergence/Divergence (MACD) is below the signal, representing the persistent bearish pressure on the coin.
In contrast, WOO is trading some pips away from its 50-Day SMA at the time of writing, which means, it’s likely to break over the line, even amid fluctuations.
Kava (KAVA)
$KAVA is the native token for the Layer-1 Cosmos-built blockchain network, Kava. They are used to incentivize validators on the network to strengthen its security, stability, and decentralization.
Furthermore, the Kava ecosystem is extremely secure as it’s a Cosmos-built network with a Tendermint-based POS (proof-of-stake) consensus mechanism.
In the past months, KAVA traded between $0.5 and $0.9 (January to April 2023). However, since May 1, it’s been sitting around $0.7.
Although KAVA is bearish, it has recorded several gains in the long run. Today, it’s down 2.43% at $0.863 at the time of writing, yet, it’s higher than what it recorded yesterday.
Notwithstanding, crypto enthusiasts expect KAVA to gain more value with time, starting from the Consensus2023 announced on May 3, 2023, on Twitter.
Also, given the speed and interoperability of Cosmos combined with the developer power of Ethereum, Kava will become one of the best-decentralized blockchains.
AiDoge (AI)
The AiDoge meme generator platform and its native token, $AI, are taking the meme coin space by storm.
The platform is a Web3-centered meme generation tool that uses artificial intelligence (AI) and machine learning (ML) to revolutionize meme creation.
This tool runs with an entirely internet-trained AI algorithm similar to DALL-e and ChatGPT’s AI algorithms. Unlike traditional meme tools, users can create memes in no time with just text prompts on AiDoge.
Its token, $AI, is the primary currency and driver of all activities on this platform, including purchasing credits for generating memes, staking for daily rewards, and community rewards for best meme creators and voters.
$AI tokens presale has been ongoing and is currently in the 9th stage at $0.0000292, with eleven (11) more stages left before it reaches $0.0000336. So far, the tokens presale has raised over $5.6 million in the last 9 stages.
With the speed at which investors are scooping these tokens, $AI might skip over some presale stages as it did before (leaping from stage 4 to 6 in less than a day).
Also, given that the tokens are utility-infused, more and more investors will flood the platform. Early interested investors should amass enough tokens while the presale lasts.
When $AI hits several exchanges, the price will spike above its listing price.
Launchpad XYZ (LPX)
Launchpad XYZ is a goal-infused new project that assists crypto investors in making guided investment decisions in the Web3 world. The project’s innovative dashboard will provide users with unique data, covering market sentiment on several coins.
This will enable investors to find the best crypto to purchase without deciding based on 3rd party information.
Furthermore, Launchpad XYZ will provide access to top new cryptocurrencies, informing users about future crypto presales and other vital details about the project, including the core staff, roadmap, and whitepaper.
This project is adopting a decentralized exchange innovation to enable users to use their strategies and insights for trades from their Launchpad XYZ dashboard. In a nutshell, Launchpad XYZ seeks to become the leading platform for every Web3 trading needs.
Launchpad XYZ is running a 10-stage presale for its native token, $LPX, offering at $0.035 (stage 1). After the 10th presale stage, the $LPX tokens will list at $0.07.
Notably, it has raised $302,135 in the short term and is likely to reach a new milestone to the increasing number of interested investors in no time. It’s likely to rise above the expected $875,000 before the end of stage 1.
yPredict (YPRED)
$YPRED is the native token in the heart of the AI-powered crypto toolkit, yPredict. Apart from being the main currency for transactions on the platform, $YPRED has a wide range of utilities to give users the best of its platform.
The AI-powered toolkit, yPredict, is erecting a fully-fledged prediction toolkit for its users, including software developers, quants, traders, and analysts. It allows users to develop unique models for predicting the next price action of a token.
These models use artificial intelligence to learn the market’s movement, empowering them for more precise predictions.
From automated analysis to Chart trading, yPredict pits users in a revolutionary world of crypto and AI.
Furthermore, the platform initiates an unending income flow for users, allowing them to showcase their predictive models across its marketplace for other traders.
These traders or analysts will pay for subscriptions to access the models. Also, users unlock several other features on the platform when they stake their tokens.
Following yPredict’s roadmap, more developments will emerge in its ecosystem ranging from the tokens listing on centralized exchanges to the release of yPredict’s full version.
As a result, interested investors have flooded the tokens presale already to be part of this promising journey.
$YPRED tokens are live and have raised $870,175 so far. Currently, 1 $YPRED is worth $0.05 in this 4th presale stage.
By stage 5, the price will increase to $0.07; at the end of all stages, the token will list at $0.12.
With the increasing number of tokens (over 80%) sold out, the $YPRED price will likely spike by 28.57% in the next few days.
Investors can grab as many tokens as they want at this 140% discount price because $YPRED might spike after hitting several exchanges.
DeeLance (DLANCE)
The $DLANCE tokens presale has entered a new stage in the space of 2 weeks. Due to its futuristic plans and projections, the presale is attracting several investors.
$DLANCE is the native token for all Web3 remote working platform activities, DeeLance.
DeeLance is a freelancing and recruitment metaverse platform where employers and freelancers connect in a next-level dimension.
As a crypto-based project, it uses smart contracts and blockchain technology to provide its users with strict security, transparency, data privacy, and work ownership rights. Its NFT-reward concept for employers and freelancers is set to disrupt the multi-billion recruitment industry.
Unlike other freelance sites with sign-up difficulties and a huge cut of users’ earnings, DeeLance is remarkably accessible and has very low fees.
Furthermore, its metaverse provides a virtual space for users to socialize, work, and earn. They can purchase commercial office spaces, land, business advertisement on billboards, and even lease office spaces on the Metaverse.
Also, a generalized NFT marketplace will be available for users to showcase their digital assets like tickets, music, photography, art, and trading cards.
Users can access these features and other VIP tools with their $DLANCE ERC-20 token.
DeeLance gives 30% of its 1 billion $DLANCE tokens supply via presale. As of today, May 11, 1 $DLANCE is equal to $0.033 (stage 3).
The price will increase to $0.038 (stage 4) and continue till it reaches $0.057, the launch price. So far, DeeLance has raised $805,222 and will raise more as new investors join the platform.
Terra Classic (LUNC)
LUNC traded modestly at $0.00015 on January 1, 2023, but increased to $0.002027 on February 3, 2023.
By March, the bears pushed LUNC’s price down to the $0.0014 price level, with the bearish trend persisting till April.
LUNC’s price crashed further in May as it currently trades in the $0.00008907 price level.
LUNC is trading below its 50-day and 200-day Simple Moving Averages (SMA), a bearish sentiment for the asset.
It is currently in a sideways trend despite forming a red candle on the daily chart suggesting the possibility of a trend reversal ahead.
The Relative Strength Index (RSI) indicator reveals that LUNC is in the oversold zone at 29.60. It implies that the bears are in control of the market. However, a price reversal remains a possibility.
LUNC’s Moving Average Convergence/Divergence (MACD) has dropped below its signal line, showing negative values, a bearish signal for the asset.
However, the histogram bars are fading, hinting at a trend reversal; expect a price recovery ahead for the asset in the coming days if the bulls prevail.
Ecoterra (ECOTERRA)
The recycle-to-earn blockchain platform, Ecoterra, has reached over $3.4 million in its token presale fundraising, $ECOTERRA.
Ecoterra is a blockchain ecosystem that aims at restoring the world to its environmentally friendly state.
As such, it encourages companies and individuals to take action on climate-changing activities while rewarding them with its crypto in return.
Ecoterra features an all-in-one app with a recycle-to-earn concept that will facilitate the journey to restoring an eco-friendly world.
With the mobile app, users can scan recyclable items or utility bills before recycling them to earn crypto, $ECOTERRA.
Also, activities like purchasing products made of recycled items from the Carbon Offset Marketplace can reward users with crypto.
The $ECOTERRA tokens are live in presale and selling off quickly at $0.00775. In the next few days, the price will increase to $0.0085, and by the time of its initial listing, $ECOTERRA will sell at $0.01.
With the many interested investors and the fact that Ecoterra is an innovative project, its tokens will likely spike after listing on several exchanges.
Spongebob (SPONGE)
SpongeBob is a community-driven meme coin currently rewarding investors massively. It was first listed on Uniswap and had other listings, even on centralized exchanges.
SpongeBob launched on May 4, trading at $0.0007261 on its first day. However, market volatility has reduced its initial gains and currently trades at the $0.0005579 price level.
Currently, its trading volume is up by 41% showing massive investor interest in the token.
Meme tokens are the hottest niche of cryptocurrencies, and SPONGE is a frontrunner in the meme revolution.
SPONGE has formed a red candle on the 15-minute chart; its price has declined from the initial $0.0007261 on May 4 as the bears seize control.
It has dropped below its 200-day Simple Moving Average (SMA), a long-term bearish trend.
However, it is trading above its 50-day SMA, implying that the bulls can rally again in the short term.
The Relative Strength Index (RSI) is 53.96 in the neutral zone indicating traders’ indecision in the market today.
SPONGE’s Moving Average Convergence/Divergence (MACD) is slightly above its signal; line and showing convergence.
It implies a possible rally for the asset. SPONGE will likely rally again once the bulls mount sufficient pressure.
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