Join Our Telegram channel to stay up to date on breaking news coverage
The Mubarak price dropped 13% in the last 24 hours to trade at $0.1241 as of 3:25 a.m. EST on trading volume that declined 50% to $179.45 million.
Mubarak is a new cryptocurrency that went live last week, after which it saw a sharp price surge from $0.07572 to $0.2158. While it saw a considerable decline since then, going down by 45%, it is currently still 51% higher than where it was when it debuted.
However, this price performance is quite normal for a newly launched crypto, and as the coin of the community, Mubarak could soon start seeing new growth, especially if the upcoming Q2 brings the crypto rally that many in the industry are hoping for.
Mubarak Price Prediction
The last 24 hours have brought a fair bit of volatility to the crypto sector. Prices were surging yesterday, seeking to recover from the drops seen over the past two months, and while Mubarak has only been around for four to five days now, it was quick to join other surging tokens.
Its Bollinger Bands were expanding as its price grew to $1.44 some six hours prior to the time of writing, only to start narrowing as a wave of corrections pushed its value down to $0.1241. However, the token is already showing signs of a recovery, with its price back to the middle point between the two bands.
Chart analysis for MUBARAK/USDT (Source: TradingView)
The token’s Relative Strength Index (RSI) has seen strong fluctuations between the value of 40 in the neutral area, and the start of the overbought zone at 70 for the most part of the last 12 hours. However, the last few hours brought a sudden shift, as traders decided to take profit as the price reached its peak at $1.44, which brought both the price and the RSI down.
The popular metric dropped to the start of the oversold zone, hitting the value of 30 before it recovered to 50 again. Right now, it is seemingly going down again as traders started selling once again, which could mean that the price will dip back toward the support at $0.122.
Promising Alternative To Mubarak
With the Mubarak price declining again, investors might be interested in BTC Bull Token (BTCBULL) as a solid alternative. This is an official Bitcoin meme coin that launched its presale on Feb. 10, and is currently still in the middle of it.
However, the project attracted quite a lot of attention from opportunity-seeking investors thanks to its promise to airdrop free BTC to its token holders whenever Bitcoin’s price skyrockets and hits major milestones that BTCBULL has selected, including $150k per coin, $200k, $250k, and so on.
Simply put, BTCBULL is a major believer that the Bitcoin price has massive potential, and that it could go all the way up to $1 million, potentially even further than that. Its goal is to help Bitcoin get there, and along the way, create some earning opportunities for its own investors.
Apart from giving away free BTC, the project also established a token-burning mechanism for its own BTCBULL tokens. The rules are simple — whenever Bitcoin’s price goes up by $25k, a certain amount of BTCBULL will be permanently removed from circulation, thus increasing its scarcity, and eventually, its price too, at least in theory.
In the meantime, while you wait for BTC to grow and BTCBULL’s mechanisms to kick in, you can also stake the token and earn 109% APY from its staking rewards. But, to do any of that, you must first get some BTCBULL for yourself, and the best opportunity to get it at the best rate is right now, while the token is still in presale.
With its ICO price being only $0.00242, this is the cheapest BTCBULL will be during its presale, and those who have recognized its potential have already bought $3.89 million worth of the token. It is worth noting that numerous experts, including Danjo Capital Master — a crypto YouTuber with over 946k subscribers — have expressed high hopes for the project.
Danjo Capital Master, for example, believes that BTCBULL might have 1000x potential, making it one of the most promising meme coins of this year.
Buy BTCBULL before the next presale price increase in 24 hours.
Check out BTCBULL on its official website.
Related Articles:
- BTC Bull Token Charges Past $3.8M In Presale
- 6 Best Altcoins To Invest In Today
- Best Dog Meme Coins to Buy in March 2025
Best Wallet - Diversify Your Crypto Portfolio
- Easy to Use, Feature-Driven Crypto Wallet
- Get Early Access to Upcoming Token ICOs
- Multi-Chain, Multi-Wallet, Non-Custodial
- Now On App Store, Google Play
- Stake To Earn Native Token $BEST
- 250,000+ Monthly Active Users
Join Our Telegram channel to stay up to date on breaking news coverage
