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The Smart Monkey value 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 venture’s token, MONKY, went reside on December 12, which was introduced in a submit on X.
Since then, the venture noticed a couple of listings on main exchanges, together with PancakeSwap, KuCoin, MEXC, Gate.io, BitMart, CoinEX, and extra. As for its value, 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 venture discovered its backside at $0.00001179 on December 15. Nevertheless, Bitcoin’s value surge to $107k introduced a brand new constructive pattern to the market, and MONKY shortly adopted, skyrocketing to $0.00002173.
That is nonetheless not even near its ATH at $0.00003281 as recorded every week in the past, instantly after the venture’s launch, nevertheless it typically exhibits a significant development in the correct route.
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 value undergo a pointy correction which introduced its value to $0.00001952. The drop was reasonably sharp, going down in a really brief time.
The venture was exhibiting indicators of progress, 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 sometimes solely drop barely, not even reaching the center level between the 2 bands.
Then, it instantly dropped under the center level, nevertheless it stopped its descent quickly after, earlier than it ever obtained close to the underside band. This was probably a consequence of a giant sale, probably brought on by a big promote order by a whale, or by a sudden however short-lasting sell-off.
The venture’s Relative Energy Index (RSI) metric additionally exhibits sharp fluctuations previously 18 hours, with the RSI continuously 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 a direct change in pattern, 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 instantly broke under the worth of fifty, which prompted the sharp value drop, as effectively.
Promising Different To Smart Monkey
Whereas MONKY looks as if its value 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).
This can be a meme coin venture that’s set to finish its presale in lower than 2 days, making this the final probability to purchase STARS throughout its ICO value of $0.0016782.
The venture blew up because of its flagship product — a brand new sort of staking platform often called MemeVault, which is the trade’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 totally different meme cash. Other than STARS itself, that will even embrace Dogecoin, Pepe, Bonk, Shiba Inu, Turbo, Floki, Brett, Coq Inu, Milady, Mog Coin, and Toshi The Cat.
In time, the venture 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 venture’s ICO, and it’s the cause 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 serious crypto influencer on YouTube going by the identify of ClayBro, who has over 134k subscribers, says STARS could be the subsequent 10x crypto.
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