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The Initia price soared 34% in the last 24 hours to trade at $0.8720 as of 6:00 a.m. EST on trading volume that skyrocketed 46,884% to $1.03 billion.
Despite being a new token that only launched 24 hours ago, the INIT price soared after the project was listed on leading crypto exchange, Binance. The world’s largest exchange by trading volume announced the listing, adding that the rewards for the promotion tied to the project have been fully claimed.
The token was listed on the platform with USDT, USDC, BNB, FDUSD, and TRY pairs. Binance also said that it would launch a promotion for all eligible users who trade INIT, allowing them to earn a share of a 1 million INIT prize pool distributed in token vouchers on a first-come-first-serve basis.
Initia Price Prediction
Binance’s promotion, coupled with INIT’s listing on the exchange, led to a massive price surge and a rapid increase in the token’s trading volume. The newly-launched crypto was off to a great start, going from $0.2 to a resistance at $0.7 before dropping to $0.6.
After that, its price started a gradual increase, and while it encountered resistances at $0.8 and $0.9, its price is still pushing up, overcoming each level over time. Its Bollinger Bands are seeing a widening, with the rising price pushing the upper band higher up, which is a positive signal for the traders.
INIT/USDT chart analysis (Source: TradingView)
The project’s Relative Strength Index (RSI) climbed to the overbought zone at the value of 70 at the time of the initial surge. As the price saw its first minor correction, the RSI dropped to the neutral value of 50, only to then start growing again, as more traders started buying the token.
In early hours of April 25, the RSI skyrocketed due to renewed interest, passing the value of 80. Traders then decided to take profit, but the RSI once again stopped before crossing 50, suggesting high optimism surrounding the token. Since then, the amount of activity has slowed down a bit, with the RSI fluctuating between around 55 and 65, but the price action remains bullish.
Promising Alternative To Initia
Many believe that Initia has already seen its big surge, which is why investors are turning to SUBBD Token (SUBBD) — a project that has yet to go live and skyrocket itself, and has massive upside potential according to experts.
The SUBBD platform is a decentralized hub for content creators that is currently the largest new challenger to OnlyFans.
It employs artificial intelligence to take over many of the mundane management tasks and free up content creators’ time, allowing them to dedicate more energy to interacting with their fans. It emerged because fans on other platforms started feeling disconnected from their favorite creators, but SUBBD’s AI can take care of this problem with ease.
On top of that, it offers a number of benefits for those who buy SUBBD, such as VIP staking benefits, early access to the platform, access to exclusive content, platform-wide discounts, bonuses, the ability to earn XP, and more.
Both creators and their fans loved the idea, with over 2,000 top-earners applying to work with the platform – their combined following standing at 250 million fans. That’s 250 million potential SUBBD token users, which could result in a massive price surge when the crypto goes live.
The ICO is still fairly new, but has already raised over $256k while offering SUBBD for only $0.05525 apiece. ClayBro, a YouTuber with over 136k subscribers, is highly optimistic and said the platform could disrupt the $85 billion content subscription industry.
Interested investors that want to secure the best deal will want to buy before the next presale price hike in less than 2 days.
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