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X.COM (XCOM), one of the latest meme coin entrants into the world of crypto, had initially received a lot of hype thanks to Twitter’s infamous rebranding to X, which triggered XCOM’s price by more than 4000% overnight.
However, XCOM has not been able to sustain the hype, as its price dropped by 71.51% over the last 30 days.
However, considering the historical trends of price movement based on public sentiments and driven by the opinions of personalities like Elon Musk, is there a possibility of XCOM’s price recovery shortly?
XCOM Plunges 9% in Last 24 Hours
The latest figures from Coinmarketcap suggest that XCOM’s price has dropped by 9% in the last 24 hours and is currently trading at $0.00000000000011.
Ranked 3676 among all the active cryptocurrencies listed on Coinmarketcap, XCOM has a market cap of $99k. However, with all the hype around the meme coin, its trading volume has grown 6% in the last 24 hours to $35.4k.
XCOM has a volume/market cap ratio of 34% and a total supply of 840,000T XCOM.
What is X.COM?
X.com is a fresh meme token inspired by the recent transformation on Twitter. It operates on the Ethereum network.
It’s no secret that the momentum of many cryptocurrencies is often swayed by public emotions and thought leaders’ views. X.COM is no exception. Although it states that it aspires to change perceptions about money, transactions, and the future of technology, precise details regarding the token’s functionalities and potential are still hazy.
As of now, it is yet another meme coin drawing attention due to Elon Musk’s recent rebranding exercise of Twitter to X, positioned as a streamlined, secure platform striving to drive large-scale cryptocurrency adoption.
X.COM Price Analysis
Based on various technical signals, the prevailing mood surrounding XCOM currently leans towards a bearish sentiment. Interestingly, the Fear & Greed Index positions it at a score of 50, indicating a neutral stance. IfLookingack at the past month, XCOM has experienced seven seventeen days out of a possible 20, which translates to 35%. Additionally, there has been a noticeable price fluctuation for XCOM within these 30 days present; X.COM’s 14-day RSI stands at 44.21, which indicates that the community isn’t responding favorably to this crypto anymore.
However, being a meme coin emerging from the wave of Twitter rebranding, it can capitalize and move up. HGiventhe lack of clarity about its utility and long-term value, interest in it will likely fade away.
X.com alternative – Chimpzee
Considering the volatility and lack of credibility involved with X.COM, Chimpzee is a more viable investment option f one is looking to buy crypto assets for sustainable and long-term gains.
Chimpzee is a promising cryptocurrency with a social conscience. It has adopted a unique approach to combining financial growth with environmental impact. Chimpzee utilizes a part of the proceeds from its presales for societal contributions like planting trees and saving animals, among other charitable causes. Moreover, it offers an end-to-end platform where users can shop, trade, and earn virtual assets.
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The platform is now on its presale journey with exciting opportunities for investors to earn passive income and contribute to the environment. The project has already received massive support from the community and has raised $1.2 million so far.
Visit chimpzee.io to participate in this presale.
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