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Some cryptocurrencies, including already-listed and yet-to-list crypto projects, are gaining today, May 24.
Considering some of their price gains and the recent performance of the tokens on presales, these cryptocurrencies could be potential investment options for investors.
The top gainers today are Kava, RNDR, AiDoge, Launchpad, yPredict, DLANCE, TON, ECOTERRA, and SNX. Besides their current gains, several indicators hint at potential price growth in the nearest future.
Kava (KAVA)
Kava (KAVA) currently shows an increase of 2.42% at the time of writing, pushing its price to $1.1960.
As a layer-1 blockchain merging the interoperability and speed of Cosmos and Ethereum’s developer power, Kava’s solutions to the developer community could be one of the factors driving this price performance.
KAVA Price Analysis
KAVA’s price in the last 24 hours shows an increase from May 23. Moreover, KAVA is trading above its 50-Day Simple Moving Average (SMA), an indicator representing its daily closing price plots in the last 50 days. As such, KAVA is prone to a short-term bullish market in the future.
Also, KAVA’s RSI is at 67.32, representing a neutral market position and the possibility of entering the overbought zone. The Relative Strength Index (RSI) indicator represents the coin’s market position, whether oversold below 30, neutral, or overbought below 70.
A trend reversal occurs when it reaches the overbought or oversold level. The RSI points downward, indicating a movement to the oversold region.
KAVA’s Moving Average Convergence/Divergence (MACD) indicator is above the signal line. This indicator is a momentum oscillator for monitoring trade trends. As such, KAVA could experience several green trades in the coming days.
Render Token (RNDR)
Render Token (RNDR) is trading today at $2.50, a 5.35% price increase at the time of writing. The bears are mounting pressure on RNDR’s price, causing it to fluctuate. However, several indicators tip at RNDR, maintaining its $2.5 level in the short and long term.
RNDR Price Analysis
Render Token (RNDR) is drawing a red candlestick despite having bullish signals on several indicators. RNDR is trading above its 50-Day and 200-Day Simple Moving Average (SMA), which indicates a short and long-term bullish market for the crypto. Thus, the RNDR price growth potential is high.
Also, its Relative Strength Index (RSI) is at 60.98, a neutral market position. However, a few more BUY trades in the asset’s market can send it to the overbought zone above 70, causing a trend reversal.
The Moving Average Convergence/Divergence (MACD) is also above the signal line, representing the tendency for more price gains for RNDR in the coming days.
Meanwhile, the faded green bar on the histogram indicates the asset price fluctuation.
AiDoge (AI)
AiDoge (AI) is almost reaching its $13.2 million milestone since its token presale entered stage 19.
As of yesterday, the presale had raised $12.2 million in stage 18. Today, May 24, 2023, the total amount raised so far is $12,924,771, an addition of $694,812 in less than a day.
The price of 1 $AI has also increased from $0.0000328 to $0.0000332.
Notably, AiDoge’s token presale is 95% sold out, with a few days left before it lists on its initial exchange at $0.0000336.
Given the project’s plans to revolutionize the meme sector with the combination of artificial intelligence and cryptocurrency, AiDoge could become a big project in the crypto space.
AiDoge provides multiple ways of earning in cryptocurrency on the platform. As such, many users, traders, and investors may flood AiDoge to make the most of it once operations begin.
Launchpad XYZ (LPX)
Launchpad XYZ (LPX) presale has increased to $585,159, with 1 $LPX selling for $0.0445. The price will increase to $0.046 in the next few days, representing a new presale stage for the LPX token.
Meanwhile, Launchpad XYZ is a revolutionary crypto project that aims at eliminating losses in trading activities in web3. As such, it provides all the necessary tools crypto enthusiasts need to make the most out of web3 products and services.
Users can learn everything about trading via several podiums like Alpha and Trading Edge. Also, they will peek at new crypto projects that could explode soon, keeping them ahead in the crypto market.
Furthermore, Launchpad XYZ is building an all-encompassing web3 hub for users to engage in profitable activities like play-to-earn gaming, trading, joining early presales, and lots more. As such, they can make the most of their crypto experience without leaving the platform.
Given the developments and solutions Launchpad XYZ brings to the web3 space, the project could see more adoption once it commences operations.
yPredict (YPRED)
yPredict leverages blockchain technology and secures smart contracts to ensure transparency, security, and transaction speed for all activities on its platform.
The yPredict platform creates an advance and inclusive platform for accurate forecasting by developing different analyzing tools and algorithms.
The yPredict tokens ($YPRED) have reached the sixth presale stage, with over $1.6 million raised so far.
The token’s presale price is up by 40% selling for $0.09. It’s set to increase by 28.57%, taking the price to $0.1 in a few days. After the YPRED presale, it will be listed on multiple exchanges for $0.12.
Only three presale stages are left before listing. Interested investors can join this presale by visiting the official site.
DeeLance (DLANCE)
DeeLance (DLANCE) is an innovative project aiming to empower freelancers and clients through blockchain technology and secure smart contracts. DeeLance native token presale (DLANCE), selling at $0.33 per token, has raised over $1 million. The price of DLANCE will increase progressively after each stage of the presale.
The DeeLance token is anticipated to be listed on several trading exchanges at the price market of $0.057. This will provide a huge opportunity for investors who utilize this current price.
The presale is progressing massively and has reached a milestone of $1,016,858.25 since its inception.
Toncoin (TON)
Recently, the price of TON showed a positive price gain causing investors and traders to be optimistic about the asset’s potential. The strong momentum from the market bull has contributed to price gains, increasing positive market sentiment.
Presently, the asset is up by today 3.53 % representing a value of $1.99, accompanied by a trading volume of $17.08 million. Note that the asset has been on an uptrend for the last seven days representing an increase of 0.43%.
TON Technical Overview
The Moving Average Convergence/Divergence (MACD) has crossed above the signal line, suggesting bullish pressure from the bulls. TON’s Relative Strength Index (RSI) is currently at 50.55, indicating a neutral market.
However, it’s important to note that the RSI line is approaching the overbought region above 70. This suggests a possibility of increased buying pressure and a potential overvaluation.
The Bollinger Band suggests a rising momentum as the price of TON is approaching the Upper band (overbought). Note that as the Bollinger Bands widen, it indicates an expansion of volatility, suggesting trend continuation or increased price momentum.
Ecoterra (ECOTERRA)
Ecoterra is a project aiming to revolutionize the cryptocurrency industry through a strong commitment to environmental sustainability, aiming for a greener world for all.
The native token ECOTERRA has achieved a funding milestone, surpassing $4 million in their presale. The presale is in stage 7, with ECOTERRA tokens selling at $0.00850 per token.
It’s important to note that the price of ECOTERRA tokens will increase as the presale progresses. In stage 8, which is set to begin in the next few days, the price is projected to rise to $0.00925 per token.
Once the presale phase concludes, ECOTERRA tokens will be listed on various cryptocurrency exchanges at $0.01 per token.
Synthetix (SNX)
The price of Synthetix (SNX) has been showing positive market sentiment, resulting in a 24-hour price increase of 3.56%. The asset has gained over 15% within the last seven days, indicating strong bullish momentum. The current price market of SNX is $2.54, with an estimated trading volume of $57.8 million.
SNX Technical Overview
The Moving Average Convergence/Divergence (MACD) is above the signal line, suggesting a strong bullish momentum. This indicates that the bulls control the market and a potential buy signal.
Also, the Relative Strength Index (RSI) of SNX is at 60.04, suggesting a rising momentum and an increase in buying pressure. The price of SNX has hit the Upper Bollinger Band, which suggests that the asset has high bullish pressure.
It also indicates a potential trend reversal as the price of SNX approaches the overbought zone. Note that as the Bollinger Bands widen, it indicates an expansion of volatility, suggesting trend continuation or increased price momentum.
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