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Wrapped Alvey Chain (WALV) token surged 41% last week and has shown sustainability with more gains this week. Despite losing half its prior profits, this renewed surge hints at the coin’s potential as a rising star.
🔥There is a lot of buzz about Alvey Chain this week!
🎇The support of our traders and the community is amazing
❤️We were trending even on X (twitter) ❤️
👉Sources :
https://t.co/nzzVZXy6qmhttps://t.co/ZSGS9fxoRchttps://t.co/Ct9LVNO9HO#Crypto #bullrun #Alveychain $walv $alv pic.twitter.com/ONhyB0qYBu— Alvey (@AlveyChain) August 23, 2023
Alvey Chain Emerges as Trailblazing Blockchain with Unique Features
Alvey Chain has recently emerged on the blockchain landscape, introducing innovative features that set it apart from conventional platforms. The blockchain is a decentralized Layer-2 protocol incorporating POA, POS, and POB elements. Alvey Chain is built on the Ethereum Virtual Machine (EVM), ensuring compatibility with decentralized applications (DApps).
One of the standout features of Alvey Chain is its impressive transaction speed, capable of handling up to 200,000 transactions per second. This speed is a significant advancement in blockchain technology, potentially addressing scalability concerns that have plagued other networks.
Users of Alvey Chain can seamlessly connect their Metamask wallets to the platform’s dedicated RPCs (Remote Procedure Calls). This integration provides access to Alvey’s Decentralized Exchange (DEX), enabling token staking, swapping, and farming activities. Security and efficiency are emphasized throughout these processes.
Furthermore, Alvey Chain offers a unique virtual experience through its VR Multiverse Exchange. Users can explore immersive environments like the enchanting Elven forest, engaging in various activities. These include airdrops, NFT collections, and more. It represents a significant step toward merging blockchain technology with virtual reality, potentially opening new avenues for user engagement.
Alvey Chain is a new layer 2 blockchain decentralized ecosystem with huge potential
– Speed: 200,000TPS
– TXN Fees: $0.0001
– VR Multiverse exchange
– Native coin $ALV on CEX
– Roadmap includes AR
– Multiple projects already built@Alveychain #Alveychain #wALV #blockchain #vr pic.twitter.com/I6d0bdXJcQ— 𝐒𝐚𝐦𝐦𝐢𝐮𝐬 (@SammiusH) August 2, 2023
The blockchain’s ecosystem also facilitates DApp development across diverse sectors, from Gaming to DeFi to Web3 and even VR. This support provides fertile ground for innovation and growth within these domains.
Alvey Chain aims to enhance user accessibility with Android and IOS wallets designed for secure storage, staking, and reward management. The integration of credit card functionality further simplifies the interaction between traditional and crypto finances.
WALV’s Recent Market Performance
The native token of Alvey Chain, WALV Coin, has recently made notable strides in the market. On the previous day, WALV secured a prominent position at the pinnacle of Coinmarketcap’s Daily Volume Gainers List, boasting an impressive 24-hour trading volume of $4.3 million.
🏆 TOP #VOLUME ON #CMC #COINMARKETCAP
✈️ $WALV – @AlveyChain
🥈 $WITCH – @witchwitch_sns
🥉 $BANK – @FirstBankETH
4️⃣ $CROWN – @photofinishgame
5️⃣ $AICODE – @arbdogeai
6️⃣ $MTC – @doc_comofficial
7️⃣ $RCKT – @RocketSwap_Labs
8️⃣ $RISITA – @Risitas_coin
9️⃣ $REDLC – @redlight
🔟… pic.twitter.com/fJSOmCWR3H— 中国鲸鱼资金 – Chinese Whale Capital (@chinapumprocket) August 23, 2023
Adding to its achievements, WALV experienced a substantial price surge, marking a remarkable gain of over 30% within a single day. This surge propelled the coin to a top-ranking position across various exchanges. On the Biconomy exchange, WALV achieved a noteworthy second-place ranking, driven by an impressive 30.24% price increase.
🚀#BICONOMYEXCHANGE MARKET STATS 🚀
🚀TOP GAINERS IN #BICONOMY 🏆$ALV @AlveyChain$WALV #Alveychain$KC @KSwap_DEX$SUI @SuiNetwork$BSW @Biswap_Dex
✅JOIN US: https://t.co/r4JBysetIs#BIT #Crypto #Trading #Bitcoin #BTC #ETH #Cryptocurrencies #altcoins #cryptos pic.twitter.com/9QHLeLraSr
— Biconomy (@BiconomyCom) August 23, 2023
The recent notable price surge could be attributed to several fundamental factors. One such factor is the recent integration of WALV with AppleSwap, a development that likely boosted investor confidence and interest.
💎 Discover how Wrapped Alvey Chain (#WALV) integration with #Appleswap💎
🐰Explore liquidity provision, token trading, and more 👇 https://t.co/t6liYXC2Bc pic.twitter.com/Wk1r5sVyt3— AppleSwap AI (@AppleSwapAI) August 24, 2023
Additionally, the introduction of Alvey Chain on Ave.ai, another significant event, has garnered substantial attention within the market. These combined factors may have contributed to the observed price upswing.
🔥We are live on https://t.co/b6kzmhm4th 🔥
🚀The elves are on fire today ! #alveychain #blockchain #crypto #bullrun #cryptomarket #vrexchange $walv $alv #Aveai #elvesarmy #CMC pic.twitter.com/zMe2OGTdjj— Alvey (@AlveyChain) August 22, 2023
WALV Price Analysis
The WALV/USDT daily price chart reflects a potential for a positive trend ahead. Recent history shows notable gains, with a 29% increase in a single day just two days ago, suggesting stabilization after significant prior surges.
Since July 10th, the WALV/USDT coin has been positive, following a breakout above the descending trendline. Between August 10th and 15th, it surged consistently by 41% to reach 0.7479. Subsequently, it retraced around 75% of these gains. Yet, on August 22nd, the coin experienced another 29% daily surge, indicating the continuation of the positive trend.
Technical indicators align with this positive outlook, hinting at potential sustainability. The RSI indicator points upwards, implying room for further growth before entering the overbought zone. The crossing of the 50EMA above the 200EMA supports bullish signals. However, MACD histograms in the red area suggest some selling sentiment, possibly due to profit-taking or corrective price movements following the rapid surge.
Considering the technical analysis, a slight drop is anticipated toward the initial support level at 0.05014 before rebounding toward the resistance at $0.07005. This resistance level has held gains in recent weeks. A breakout and close above this level could propel prices to 0.08498, indicating a potential 53% increase from the current price.
Conversely, if the support at $0.05014 gives way, a further decline towards 0.03742, approximately 33% lower than the current price, might occur.
Besides the bullish WALV sentiment, another coin has a similar idea – SONIK.
Promising Alternative to WALV
Sonik Coin (SONIK) draws inspiration from a well-known video game character and aspires to emulate its rapid pace. It aims for an impressive market capitalization of $100 million. While primarily rooted in entertainment, this meme coin introduces an inventive staking mechanism that combines enjoyment with substantial profitability. The project rewards participants within its staking smart contract, offering an unusually high annual percentage yield (APY). This is geared toward propelling $SONIK to greater heights.
Speeding 🏎️ into the crypto universe, meet $SONIK, a meme coin hoping to ring🔔 in a $100M market cap! Expect high-return staking adventures, but mind the risk of reward dilution💦. Think quick, invest quicker 🚀#SonikCoinTravels #MemeCoinMania 🚁💰https://t.co/c5Jc44G29W pic.twitter.com/HEtcPkOSzl
— Chain Review (@Chain_Review) August 15, 2023
Sonik distinguishes itself by pioneering the concept of stake-to-speed cryptocurrencies. This enables buyers to engage in staking and commence earning rewards swiftly. Notably, the project allocated 40% of the total token supply to community staking rewards distributed over four years. Over 90 million SONIK tokens are staked, boasting an extraordinary APY exceeding 26,000%. This rate will adjust as more users join the staking process.
speedy lil’ ba**ard pic.twitter.com/Lb9yj2lGoe
— SONIK COIN (@Sonikcoin) August 22, 2023
With a conservative target cap of $2 million, Sonik Coin is poised for rapid acquisition rather than lingering in the market. The ongoing presale, priced at $0.000014 per token, has already raised nearly $398,907. The developers are confident in pursuing a $100 million market cap, offering early investors the potential to multiply their initial investment significantly.
As the presale gains momentum, Sonik Coin emerges as an intriguing alternative to consider in the landscape of meme coins, potentially yielding substantial returns on investment.
Also Read:
- Crypto News Channel Reviews The Sonik Coin Presale – Next 10x Meme Token?
- While Leading Meme Coins See Declines, Sonik Coin Surpasses $300k in Presale with Under 14 Days Remaining.
- Sonik Coin Price Prediction – Can $SONIK 10x From Its Presale.
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