{"id":436877,"date":"2023-09-06T13:24:12","date_gmt":"2023-09-06T13:24:12","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=436877"},"modified":"2023-09-06T13:24:12","modified_gmt":"2023-09-06T13:24:12","slug":"yama-price-prognosis-yama-soars-110-as-defi-integration-matures","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/yama-price-prognosis-yama-soars-110-as-defi-integration-matures","title":{"rendered":"yama Price Prognosis: YAMA Soars 110% as DeFi Integration Matures"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The YAMA price on September 6, at 5:42 am EST, is $0.012, surging above 110% since its launch on September 4. On September 5, its price spiked <\/span><a href=\"https:\/\/twitter.com\/YamaInuCoin\/status\/1698957827103158555\"><span style=\"font-weight: 400;\">550 times<\/span><\/a><span style=\"font-weight: 400;\"> in 24 hours, driving investors into an accumulation frenzy.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to data from <\/span><a href=\"https:\/\/coinmarketcap.com\/dexscan\/ethereum\/0x85c920a41dd7de0d5bc0f3d6c03241bac9aef0f1\/\"><span style=\"font-weight: 400;\">CoinMarketCap<\/span><\/a><span style=\"font-weight: 400;\">, its trading volume is up by 176% in the last 24 hours, showing increased buying pressure for the token. <\/span><span style=\"font-weight: 400;\">But how high can it go?&nbsp;<\/span><\/p>\n<h2>Multiple Exchange Listing Also Driving Price Gains<\/h2>\n<p><span style=\"font-weight: 400;\">MEXC exchange, on September 5, <\/span><a href=\"https:\/\/www.mexc.com\/support\/articles\/17827791510418\"><span style=\"font-weight: 400;\">announced<\/span><\/a><span style=\"font-weight: 400;\"> another session of <a href=\"https:\/\/twitter.com\/bitgetglobal\/status\/1699028043174760524\/photo\/1\">Kickstarter<\/a>, a listing event created by the exchange before launch where users give MX tokens to support their favorite projects.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This event helps to identify high-quality projects and give airdrop benefits to MEXC users. YAMA token is now listed on Kickstarter for voting.&nbsp;<\/span><span style=\"font-weight: 400;\">Users who vote for YAMA can win free 6.95 million YAMA and 20,000 USDT airdrops.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Also, <\/span><a href=\"https:\/\/www.bitget.com\/support\/articles\/12560603797561\"><span style=\"font-weight: 400;\">BitGet exchange<\/span><\/a><span style=\"font-weight: 400;\">, on September 5, announced that YAMA is now available on Bitget Swap, the decentralized trading arm of the exchange.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">These listing confirm the rising interest in the crypto community for YAMA tokens and exposes it to millions of users on these exchanges. The exposure is likely a driving force for the increase in the token&rsquo;s value since September 4.<\/span><\/p>\n<h3>YAMA Sets New ATH of $0.13<\/h3>\n<p><span style=\"font-weight: 400;\">YAMA, on <\/span><span style=\"font-weight: 400;\">September 6<\/span><span style=\"font-weight: 400;\">, by 5:56 a.m. EST, attained an all-time high value of $0.013 at a market cap of $12.8 million.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">&#128058; <a href=\"https:\/\/twitter.com\/hashtag\/YAMA?src=hash&amp;ref_src=twsrc%5Etfw\">#YAMA<\/a> 1&#65039;&#8419;7&#65039;&#8419; ATH <\/p>\n<p>&#29356;&#31070; is soaring<\/p>\n<p>20M after CEX incoming <a href=\"https:\/\/t.co\/uiFfq7ziuP\">pic.twitter.com\/uiFfq7ziuP<\/a><\/p>\n<p>&mdash; YamaInuCoin&#128058; (@YamaInuCoin) <a href=\"https:\/\/twitter.com\/YamaInuCoin\/status\/1699361016243761552?ref_src=twsrc%5Etfw\">September 6, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">According to the developers, 20 million is the next market cap target after the centralized exchange listing, with the price gains likely to be sustained.<\/span><\/p>\n<h2>YAMA Retreating from Overbought Zone<\/h2>\n<p><img decoding=\"async\" class=\"wp-image-436882 aligncenter\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/09\/Screenshot-2023-09-06-at-6.05.44-PM-1024x441.png\" alt=\"YAMA\" width=\"740\" height=\"319\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/09\/Screenshot-2023-09-06-at-6.05.44-PM-1024x441.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/09\/Screenshot-2023-09-06-at-6.05.44-PM-300x129.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/09\/Screenshot-2023-09-06-at-6.05.44-PM-768x331.png 768w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/09\/Screenshot-2023-09-06-at-6.05.44-PM.png 1160w\" sizes=\"(max-width: 740px) 100vw, 740px\"><\/p>\n<p><span style=\"font-weight: 400;\">YAMA has slowed down from its early rally, dropping to $0.011 on the 15-minute chart after attaining an all-time high value of $0.013 a few hours ago.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, the buyers still control the market and continue pushing for further price gains, as the asset remains in the upper region of the Donchian Channel (DC).&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The sharp drop noticed by the long red candle formed was due to an attempt by buyers to take a profit. But a rebound to the upside is expected.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Relative Strength Index (RSI) shows a value of 60, moving sideways after dropping from the overbought region, which implies that buyers are still active even though sellers made an entry in a shorter time frame (15 minutes).&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Moving Average Convergence\/Divergence (MACD) displays a fading buy signal, making it risky to open new long positions. It hints at a possible bearish turn if the traders get greedy and continue to take profit.<\/span><\/p>\n<h3>Bears at $0.013 Force Price Decline<\/h3>\n<p><span style=\"font-weight: 400;\">YAMA encountered stiff resistance at $0.013, forcing a price decline for the asset to return to the $0.009 support level briefly. <\/span><span style=\"font-weight: 400;\">A drop below this level will return the asset to the $0.008 support level and confirm a bearish trend.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">YAMA is trading below the $0.011 resistance level and will have to overcome it to reclaim the $0.012 price level again.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The present price trend suggests that the buying pressure might be fading. However, it is likely a brief retracement for consolidation.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">YAMA will likely re-test its all-time high of $0.013 in the coming days if the buyers continue to pile pressure on its price.&nbsp;<\/span><\/p>\n<h2>BTCBSC Another Alternative for YAMA Investors<\/h2>\n<p><span style=\"font-weight: 400;\">While YAMA records exciting gains, investors who missed its early price surge can take advantage of the ongoing <\/span><span style=\"font-weight: 400;\">BTCBSC<\/span><span style=\"font-weight: 400;\"> presale. <\/span><span style=\"font-weight: 400;\">Bitcoin BSC is an eco-friendly BEP-20 built on the BNB smart chain.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Rather than engaging in mining, which is energy-intensive, <a href=\"https:\/\/insidebitcoins.com\/visit\/bitcoinbsc\" rel=\"nofollow\">BTCBSC<\/a> holders can earn passive income through staking.&nbsp;<\/span><span style=\"font-weight: 400;\">BTCBSC&rsquo;s<\/span><span style=\"font-weight: 400;\"> total supply is capped at 21 million tokens for the presale.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The presale is in two phases, with the initial phase targeting a soft cap of 4 million tokens available at 99 Cents, with each coin valued at $0.99.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">All unsold tokens will then be transferred to the Bitcoin BSC staking contract to preserve the fixed total supply of 21 million tokens.&nbsp;<\/span><\/p>\n<h3>Staking and Roadmap Make BTCBSC A Potential Crypto Success<\/h3>\n<p><span style=\"font-weight: 400;\">Bitcoin BSC<\/span><span style=\"font-weight: 400;\"> supports a stake-to-earn model where rewards will be distributed to users with every block from 69% of the total supply set aside for staking.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Also, these rewards will be distributed over 120 years, showing the developers&rsquo; commitment to the project&rsquo;s longevity.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">On September 6, by 7:13 am EST, 6,800 BTCBSC tokens were already staked at an APY of 38,647%, a massive return rate for investors. <\/span><span style=\"font-weight: 400;\">Staking BTCBSC will prevent massive dumping of the tokens after its listing on exchanges and drive more users to seek rewards in the ecosystem.&nbsp;<\/span><\/p>\n<h3>Read More<\/h3>\n<ul>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/best-crypto-to-buy-now-september-1-chainlink-thorchain-tron\">Best Crypto to Buy Now September 1 &ndash; Chainlink, THORChain, TRON<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/best-cryptocurrency-to-buy\">Best Crypto to Buy Now<\/a><\/li>\n<\/ul>\n                                        <div class=\"inContentProviderSingle inContentColor--insidebitcoins fc-row\">\n                        <div class=\"inContentProviderSingle--wrapper\">\n                            <div class=\"container\">\n                                <div class=\"row mb-lg-3\">\n                                    <div class=\"col-12 col-md-8\">\n                                        <p class=\"inContentProviderSingle--title\">Best Wallet - 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On September 5, its <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/in-content-providers\/a-default-box\" title=\"A Default Box\">[&#8230;]<\/a><\/div>","protected":false},"author":1940,"featured_media":436625,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-436877","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>yama Price Prognosis: YAMA Soars 110% as DeFi Integration Matures<\/title>\n<meta name=\"description\" content=\"The YAMA price on September 6, at 5:42 am EST, is $0.012, surging above 110% since its launch on September 4. 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