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In a recent announcement on X (Twitter), WAX revealed that Bawlers is venturing into the blockchain arena to unlock access to a broader array of thrilling games, thereby expanding the Bawlerverse.
Following the news of gaming collaborations with Bawlers, Vpunks, and other entities, the price of WAX is experiencing a remarkable impact.
🛸 Latest Transmission from vPunks HQ: New Galactic Phenomenon Observed!
LOG ENTRY 333: Following our successful collaborative rescue missions, a cosmic revelation dawns! An ancient constellation, previously hidden, has unveiled itself, casting a celestial glow upon select… pic.twitter.com/fj1faqGXG1
— WAX (@WAX_io) October 10, 2023
The price of WAX has experienced a significant surge and is trading at $0.058 at 9:31 a.m. EST, marking a 25% increase within the last 24 hours. The daily trading volume has also increased by 60% to $37 million.
The price of WAX has been on an upward trajectory, originating from the support level of $0.036. Despite the ongoing battle for control between buyers and sellers, the buyers have managed to sustain the bullish momentum by breaking through the ascending channel. This indicates a continuation of the bullish trend.
Nevertheless, it’s anticipated that a retest of the upper trendline within the channel is still needed for confirmation.
WAX Price Indicators are Bullish
The relative strength index (RSI) has gradually increased bullish momentum, starting at 27 on September 11 and now standing at 81, above the overbought threshold of 70. If the bullish sentiment continues, the RSI for WAX could reach 100 before experiencing a subsequent decline.
Furthermore, the price is currently trading above both the 50-day and 200-day moving averages, indicating a strong bullish sentiment in the market.
Buyers of WAX have successfully sustained the bullish trend. The bulls may target the $0.071 price level if this momentum remains uninterrupted. However, if the bears intervene and weaken the market, the price could retreat to the support level at $0.05, coinciding with the 200-day simple moving average.
Meanwhile, the presale of Meme Kombat is nearing its fundraising target and offers a promising gaming opportunity with its stake-to-earn and play-to-earn features. This makes it a compelling alternative to WAX.
Meme Kombat (MK) Presale Almost Ending, Over $550K Raised
Meme Kombat is approaching its $1 million target, placing it on the verge of substantial growth following its successful presale.
This project combines the worlds of memes and artificial intelligence to create a competitive environment on the Ethereum Network. The platform additionally presents automatic staking advantages during its presale and offers diverse betting choices. On the MK platform, you can stake your tokens in competitions featuring well-known memes.
If the meme you choose emerges as the winner, you become entitled to a share of the prize pool. Moreover, you can collaborate with others, place bets together, and share the resultant winnings.
You can pick one to fight alongside you, the rest are against you.
Who you picking? ⚔️ pic.twitter.com/sZOGmoFEss
— Meme Kombat (@Meme_Kombat) October 17, 2023
The Meme Kombat (MK) presale launched a few weeks ago, raising $564,234 in funding. This demonstrates significant investor interest in the presale token and underscores the urgency for potential investors.
Buy MK, Stake, Earn Rewards
For investors and those seeking passive income, $MK can be utilized on the MK Platform. The platform offers automatic staking benefits during the presale and provides a range of betting options. It has implemented a well-structured tokenomics model to ensure sustained growth.
Hard to win, but you're winning at life if you have $MK 🫡 pic.twitter.com/H9ghcOcH7f
— Meme Kombat (@Meme_Kombat) October 16, 2023
Meme Kombat’s staking-to-earn and play-to-earn features offer attractive opportunities for investors. By participating in the presale, purchasing MK tokens, staking them, and earning a high annual percentage yield (APY) of 112% with 30% of the token supply allocated for staking and battle rewards.
Jacob Crypto Bury, a well-known YouTube personality with 22.7K subscribers, explains how Meme Kombat operates and offers a guide on how to use its staking feature.
To acquire MK tokens, visit the MK website and link your web3 wallet, allowing you to purchase tokens using ETH, BNB, or USDT (ERC-20 and BEP-20).
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