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The Smart Monkey worth skyrocketed 41% within the final 24 hours to commerce at $0.00002173 as of 4.45 a.m. EST on buying and selling quantity that soared 113% to $48.16 million.
The challenge’s token, MONKY, went reside on December 12, which was introduced in a submit on X.
Since then, the challenge noticed just a few listings on main exchanges, together with PancakeSwap, KuCoin, MEXC, Gate.io, BitMart, CoinEX, and extra. As for its worth, it noticed a reasonably underwhelming efficiency n the previous week. The token initially surged to a resistance at $0.000030, which was then adopted by a pointy correction to $0.000012.
The challenge discovered its backside at $0.00001179 on December 15. Nevertheless, Bitcoin’s worth surge to $107k introduced a brand new constructive development to the market, and MONKY shortly adopted, skyrocketing to $0.00002173.
That is nonetheless not even near its ATH at $0.00003281 as recorded per week in the past, instantly after the challenge’s launch, but it surely typically exhibits a significant development in the fitting course.
Smart Monkey Value Prediction
Following a number of makes an attempt to breach the resistance at $0.000020 within the final 5 hours, Smart Monkey noticed its worth undergo a pointy correction which introduced its worth to $0.00001952. The drop was reasonably sharp, going down in a really quick time.
The challenge was displaying indicators of development, with its Bollinger bands getting wider with every passing hour, as the value saved pushing the higher band additional up. It nonetheless noticed small fluctuations, however it could usually solely drop barely, not even reaching the center level between the 2 bands.
Then, it all of the sudden dropped beneath the center level, but it surely stopped its descent quickly after, earlier than it ever bought close to the underside band. This was probably a end result of a giant sale, presumably attributable to a big promote order by a whale, or by a sudden however short-lasting sell-off.
The challenge’s Relative Power Index (RSI) metric additionally exhibits sharp fluctuations prior to now 18 hours, with the RSI always fluctuating between the overbought zone at 70 and the impartial zone at 50. This implies that merchants would pump the value till the RSI climbed to the overbought zone, which was adopted by an instantaneous change in development, the place the merchants would promote till the RSI dropped to the impartial space, solely to start out shopping for once more.
This was a constant sample that remained unchanged for the final 18 hours, as talked about, till the RSI all of the sudden broke beneath the worth of fifty, which precipitated the sharp worth drop, as effectively.
Promising Different To Smart Monkey
Whereas MONKY looks like its worth is about to start out a restoration from its sharp drop, many have been turning to new high-potential different known as Crypto All-Stars (STARS).
It is a meme coin challenge that’s set to finish its presale in lower than 2 days, making this the final likelihood to purchase STARS throughout its ICO worth of $0.0016782.
The challenge blew up because of its flagship product — a brand new sort of staking platform often called MemeVault, which is the business’s first multi-coin staking sensible contract.
Proper now, it solely permits customers to stake STARS, however as soon as the token goes reside the platform will allow you to stake 12 completely different meme cash. Other than STARS itself, that may even embrace Dogecoin, Pepe, Bonk, Shiba Inu, Turbo, Floki, Brett, Coq Inu, Milady, Mog Coin, and Toshi The Cat.
In time, the challenge will add assist for much more meme cash, which can let everybody who has created a big meme coin portfolio stake all of their cryptos in a single place, making the method extra accessible and handy.
This has been a significant promoting level for the challenge’s ICO, and it’s the purpose why it’s raised over $21.5 million. With solely two days left, there was a significant inflow of investments, with whales becoming a member of as effectively.
A significant crypto influencer on YouTube going by the identify of ClayBro, who has over 134k subscribers, says STARS may be the subsequent 10x crypto.
Go to Crypto All-Stars.
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