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The global adoption of cryptocurrencies is gradually increasing, causing the prices of several crypto assets to rise and new projects to reach higher milestones in their presales.
Besides the global adoption, their impact and utility in several industries could drive these dramatic price increases and achievements.
Today, May 25, 2023, some of the top crypto gainers with promising price outlooks are KAVA, RNDR, AiDoge, Launchpad, yPredict, DLANCE, MATIC, ECOTERRA, and HT.
Also, several indicators hint at potential price growth for these cryptocurrencies.
Kava (KAVA)
Kava (KAVA) shows a price increase compared to what it recorded yesterday. Today, it’s trading at $1.12, depicting a price increase from yesterday’s $1.07. Since the start of May, KAVA has been within the $0.9 and $1.0 levels.
According to several indicators on Tradingview, the crypto could possibly increase beyond the current level in the coming days.
Technical Indicators Points At More Bullish Trend For KAVA
KAVA is trading a bullish representation above its 50-Day Simple Moving Average (SMA). This means KAVA will experience more BUY trades in a short period. Notwithstanding, KAVA’s Moving Average Convergence/Divergence (MACD) is above the signal line, representing the asset’s bullish trend.
The light green bar on the histogram hints at KAVA’s price fluctuation today. Given the MACD’s position, Kava (KAVA) could experience several BUY trades before the end of the day.
Also, the Relative Strength Index (RSI) at 59.08 indicates a neutral market position for the asset as it sits between the oversold below 30 and the overbought zone above 70.
But considering the downward movement of the RSI line, a trend reversal will occur if it falls into the oversold zone (below 30).
Render Token (RNDR)
Render Token (RNDR) has recorded a dramatic price increase in the short term, rising from $2.4 on May 23 to $2.7 on May 25, a 6.25% price gain.
As a utility-infused token, RNDR provides numerous use cases for artists on the Render Token network, attracting more users.
This could be one of the factors boosting the token’s price.
RNDR Price Analysis with Technical Indicators
RNDR is trading above its 50-Day and 200-Day Simple Moving Average (SMA), a short and long-term bullish signal. As such, it’s likely to uphold its bullish market for longer.
The Relative Strength Index (RSI) at 68.48 represents a neutral market position for RNDR between the oversold below 30 and the overbought region above 70.
The RSI points upwards, showing its tendency to enter the overbought zone (above 70) and suggesting more price growth before a trend reversal.
Furthermore, the Moving Average Convergence/Divergence (MACD) above the signal represents RNDR’s current price gains.
Considering the bold green bar on the histogram, the asset could increase further quickly.
AiDoge (AI)
As a revolutionary meme crypto project, AiDoge aims to enhance users’ experience in the meme creation space using its AI-powered technology.
The project combines two crucial worlds of crypto and artificial intelligence (AI) to build a ground-breaking tool for memes and content creators. Users can create unique memes inspired by the platform’s internet-trained algorithms (DALL-e and ChatGPT) with text prompts.
The project’s native token, $AI, powers all activities on the platform while also serving as its primary currency. Thus, users can purchase credits to create memes to redeem rewards on the platform.
The $AI tokens in their concluding presale stage have raised over $13.5 million, selling 1 $AI at $0.0000332. With 95% of the tokens in presale sold out, $AI will soon hit several exchanges at $0.0000336 and may spike afterward as more crypto enthusiasts join the platform.
Launchpad XYZ (LPX)
Launchpad XYZ project is building an all-encompassing hub for everything related to web3. Users will have full access to several web3 products and services in a streamlined manner via their $LPX token.
Launchpad XYZ is offering its $LPX tokens at $0.0445 in its presale to enable interested investors to join at this early stage.
The team has raised $605,159 in the ongoing $LPX token presale with a few more stages before it ends. Afterward, the token will hit several exchanges at $0.0565.
Apart from the paper gains awaiting early investors at the end of the presale, the platform will unveil several features to help users discover the next big projects for their portfolios before they explode.
Since Launchpad XYZ has a lot of plans and developments for its platform, as detailed in its roadmap, it could become a high-potential option for crypto and web3 enthusiasts to consider.
yPredict (YPRED)
yPredict is an immersive Artificial Intelligence (AI) ecosystem designed for traders, quants, developments, and analysts in the crypto space.
It provides an AI-powered toolkit containing all the vital tools needed to make precise predictions on cryptocurrencies and other trading activities. With AI-powered state-of-the-art data insights and predictive models, yPredict is set to eliminate the increased rate of trading losses in the crypto industry.
It also has several automated features to give users a matchless edge in various industries like finance, human resource, and health.
Notably, yPredict is running a presale funding campaign for its native token, $YPRED, to enable interested investors to grab them at an affordable rate ahead of the potential price spike.
So far, the presale has raised over $1.7 million and could reach $2 million before the end of the presale. In stage 6 of the presale, $YPRED is selling for $0.09 and will increase by 28.57% to $0.1. After the presale, the token will list for $0.12 on several exchanges.
DeeLance (DLANCE)
The DLANCE token is an ERC-20 utility token that powers all transactions and activities on the revolutionary freelance platform, DeeLance. As a decentralized project, DeeLance targets the freelancing and recruitment sector with its cutting-edge crypto integration.
For enhanced security, transparency, and swift transactions, DeeLance operates on blockchain and carries out smart contract audits to keep its platform secure.
In addition to DeeLance’s utility, it provides users with a hiring platform for job seekers and employers. It also provides a freelancing platform for sellers and buyers and Metaverse and NFT marketplace for all users.
DeeLance unites freelancers and employers within the Metaverse’s virtual world, launching users into the ever-changing world of technology. Users can even own office spaces and lease them in the virtual world.
Unlike other freelancing sites, DeeLance is fully decentralized, provides complete ownership and instant withdrawal, and takes only a 2% commission from its users. Today, DeeLance’s token presale (DLANCE) has reached a milestone of $1 million since it began. Notably, the tokens are selling out fast at $0.033 and are set to increase to $0.038 in the next five days.
After the presale, DLANCE will list on several exchanges at $0.057. The token’s value will likely spike when the project commences operations on the platform, leaving early investors with massive returns.
Polygon (MATIC)
Polygon (MATIC) is showing a price increase today. It’s trading at $0.8829 with a 1.87% price increase at the time of writing.
According to Tradingview’s chart, Polygon (MATIC) could experience price weakness even though many other indicators depict bullish signals.
Thus, it’s likely to enjoy price gains amid persistent fluctuations in the long run.
MATIC Price Analysis with Technical Indicators
The 50-Day and 200-Day Simple Moving Average (SMA) above MATIC’s price and a death cross (200-Day SMA above the 50-Day SMA) indicate a short and long-term bearish market.
Notwithstanding, considering other indicators, MATIC is gaining today and could gain more in the coming days.
The Relative Strength Index (RSI) is at 44.75 with an upward movement, representing a neutral market but moving upward, approaching the overbought region above 70.
The upward move suggests more price gain before a trend reversal occurs once it hits the overbought region.
Also, MATIC’s Moving Average Convergence/Divergence (MACD) is above the signal line with negative values, showing the price weakness of MATIC.
Thus, the crypto’s price could stagnate within the $0.88 level.
Ecoterra (ECOTERRA)
ECOTERRA is boasting $4.2 million in funds raised in its ongoing presale. ECOTERRA is the utility token and primary currency of the revolutionary green crypto project, Ecoterra.
The project encourages individuals and companies to participate in environmentally friendly activities while rewarding them with its native crypto token, ECOTERRA.
As such, it provides users with a feature-packed Recycle2Earn mobile app. This app enables them to scan recyclable items and utility bills for carbon offsets, purchase products of recycled items, and an impact profile tracking to monitor users’ eco-friendly activities.
ECOTERRA’s presale price is currently $0.0085 and will increase to $0.00925 in the next few days. After the presale, the token will list for $0.01 on several exchanges.
Ecoterra’s R2E concept suggests the project will likely restore the dying earth, making it habitable for all living things.
Huobi Token (HT)
Huobi Token is the native cryptocurrency of a popular cryptocurrency exchange Huobi Global. It operates on the Ethereum blockchain making it ERC-20 compliant.
The main functional purpose of this token is to minimize trading commissions by reducing trading operations on the exchange. Also, users can purchase VIP plans to receive discounts on transactions with their HT tokens.
Huobi Token traded at $5.1183 on January 1, 2023, before the bears reduced it to $4 between January 5 and January 11. It traded between $4 and $5 from January 12 till March 9, when the bears moved it to $3.9542.
Between March 9 and May 7, it traded between $3 and $4 until the bears forced it down to $2 on May 8. However, HT regained the $3 price level on May 23 and is consolidating on its gains today.
HT Price Prediction
Despite forming a green candle on the daily chart, HT is in a sideways trend. Its trading volume is rising, indicating traders’ interest in the token and likely boosting its price performance.
The Relative Strength Index (RSI) is neither in the oversold 30 and below nor overbought region 70 and above. Instead, it is in the neutral zone at 50.78.
However, the RSI is moving upwards, hinting at a possible bullish trend ahead for the asset. HT’s Moving Average Convergence/Divergence (MACD) is above the signal line, which is also a bullish sentiment. Also, its histogram bars are green and above its zero line reflecting bullish energy despite the MACD’s negative value.
However, HT is still trading below its 50-day and 200-day Simple Moving Averages (SMA), a bearish sentiment. But it may continue its uptrend today if the bulls sustain their pressure.
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