[ad_1]
Be part of Our Telegram channel to remain updated on breaking information protection
The Elon Mars X value surged greater than 47% over the previous week to commerce at $0.000006088 as of two:00 a.m. EST as buyers wager huge on the newly-launched meme coin.
EMX is the most recent meme coin impressed by tech mogul and SpaceX founder Elon Musk. Different meme cash that took inspiration from the billionaire embody Dogelon Mars (ELON), Child Elon (BABYELON), and Elon Musk (MUSK), to not point out Dogecoin (DOGE) and Grok (GROK).
Elon Mars X Worth Outlook
1-hour chart for EMX/USD (Supply : TradingView)
The Elon Mars X value is at present resting on the 9 Exponential Transferring Common (EMA) line on its hourly chart because it makes an attempt to problem the resistance degree at $0.000006133. Overcoming this barrier inside the subsequent 6 hours might result in the meme coin rising to the following threshold at $0.000007462 within the following 6 hours.
Nonetheless, a break beneath the 9 EMA line within the coming hours could invalidate this bullish thesis. On this various situation, the Elon Mars X value could drop beneath the 9 EMA line. It’s going to then have the 20 EMA line on the hourly chart as its final line of protection earlier than it probably drops to the subsequent key assist at $0.000004657. In an especially bearish situation, the meme coin could possibly be vulnerable to dropping to as little as $0.000003291 within the quick time period.
Technicals Recommend The Elon Mars X Worth Could Right In The Brief Time period
Technical indicators on EMX’s hourly chart counsel the Elon Mars X value could drop within the subsequent few hours. The Transferring Common Convergence Divergence (MACD) indicator exhibits that EMX’s bullish pattern is within the strategy of transitioning to a bearish cycle. That is evident by the MACD line dropping in direction of the MACD Sign line. An intersection between these two technical indicators could also be a affirmation that EMX has entered a bearish cycle.
Along with this, the Relative Power Index (RSI) line is sloped negatively in direction of oversold territory. This can be indicative of sellers rising stronger in opposition to patrons. Lastly, there’s additionally a powerful detrimental pattern line that has fashioned on EMX’s hourly chart that the meme coin might want to overcome earlier than it will possibly start to rise.
Whereas EMX makes an attempt to interrupt above resistance within the subsequent few hours, Sponge V2 seems to be to be on observe to repeat its prior 100x success after it surged greater than 39% over the previous 7 days.
A Potential 100X Alternative
Sponge V1 managed to soar 100x shortly after its launch throughout the 2023 bear market to additionally attain a peak market cap of $100 million. Now, the Sponge staff has returned to supply buyers who missed the substantial returns posted by Sponge V1 a second alternative at whopping positive factors with the most recent iteration of the meme coin.
To raised Sponge V2’s probabilities of replicating its prior 100x success, the venture’s staff has lined up a number of main centralized alternate listings, whereas additionally introducing a singular play-2-earn racer sport into the meme coin’s ecosystem. This racer sport will are available in each a paid and a free model.
Within the paid model, Sponge V2 tokens will must be used for in-game credit. Gamers will even have the ability to earn tokens inside the sport. This not solely offers the meme coin publicity to the rising blockchain gaming sector, but additionally introduces a degree of utility to Sponge V2 that isn’t generally seen in memes coin tasks.
Polygon Migration
📣 Consideration, #SPONGERS!
Right here is a few necessary info to recollect about $SPONGE V2!$SPONGE V1 has formally been discontinued, and V2 has been launched on #Polygon! 🔥
Study extra concerning the token particulars beneath 👇https://t.co/TCdxgXx40w
🧵1/3 pic.twitter.com/YZzXOlKmHY
— $SPONGE (@spongeoneth) February 6, 2024
As a consequence of safety issues, the Sponge staff determined to maneuver ahead the date for his or her deliberate migration to the highly-scalable Polygon community. With the migration full, Sponge V2 token holders at the moment are in a position to transact at a lot faster speeds and at a lot decrease prices. This additionally will increase the revenue margins for gamers of the venture’s play-2-earn racer sport.
On high of the elevated revenue margins for Sponge players, there’s additionally a staking program with a gorgeous annual proportion yield (APY) of 932% on supply. Buyers have been scrambling to achieve entry to this chance as greater than $10 million has been staked and bridged on Sponge V2’s web site. In token phrases, this quantities to round 8.4 billion tokens, which is nearly 20% of SPONGE’s authentic provide.
Sponge V2 may be bought right here.
Associated Articles:
New Crypto Mining Platform – Bitcoin Minetrix
Audited By Coinsult
Decentralized, Safe Cloud Mining
Earn Free Bitcoin Day by day
Native Token On Presale Now – BTCMTX
Staking Rewards – Over 50% APY
Be part of Our Telegram channel to remain updated on breaking information protection
[ad_2]
Source link