Banana (BANANA) Price Prediction: Is BANANA Gearing Up for a 20% Increase?

Banana (BANANA) value is up 8% within the final 24 hours and over 50% since its relaunch on the Uniswap decentralized change on Sept. 14. BANANA started buying and selling at $6.2, reflecting a market capitalization of $14.8 million, with $2.1 million in liquidity locked on Uniswap v.2 for 2 years.

On the time of writing, the market cap had grown to $21.8 million, with a liquidity of $2.6 million. The 24-hour buying and selling quantity was $2.8 million, in line with information from CoinMarketCap. 

On Sept. 14, the workforce behind Banana Gun, a Telegram bot, initiated the relaunch of the BANANA token on Uniswap v.2. This was a strategic transfer in response to the mission’s latest challenges.

RELAUNCH OF $BANANA

Tonight we’ll relaunch $BANANA on Uniswap v2 and finalize the $BANANA airdrop for holders.

Relaunch time:20:00 UTC

Launch value: $6.20Launch market cap: $14.8m Launch FDV: $62mLiquidity: $2.1m (170k tokens + ~650 eth relying on eth value)

As a result of…

— Banana Gun 🍌🔫 (@BananaGunBot) September 14, 2023

Moreover, the Banana Gun workforce introduced that an airdrop would accompany the BANANA token relaunch to compensate holders who skilled a extreme lack of 99% as a consequence of an earlier glitch on the platform.

TOKEN BURN

With our refund programme, we basically purchased again tokens utilizing ETH.

This was a complete of 100k+ tokens, price over $1M. We simply despatched out the final of the airdrop to eligible individuals (e.g. 1inch restrict orders), so we burnt the remaining!

96289 $BANANA burnt perpetually.… pic.twitter.com/iNyy449R6P

— Banana Gun 🍌🔫 (@BananaGunBot) September 19, 2023

With a liquidity pool of over $2.5 million, BANANA boasts a sturdy reserve of tokens locked in sensible contracts. With such a giant stash, merchants can simply swap tokens for different currencies or fiat. 

A mission with a sound liquidity pool makes buying and selling extra easy, sooner, and handy. Such a mission instructions confidence amongst buyers, which is, in flip, favorable for its value progress. 

Banana Worth Evaluation

After rallying for six days, BANANA value hit an all-time excessive of $14 on the Poloniex crypto change on Sept. 20. The worth then underwent an enormous sell-off as early adopters booked income. The following promoting stress noticed Banana witness a pointy decline, halted across the $7.71 space. This was adopted by a gradual climb to the present degree of round $9.10. 

This value motion has led to a rounded backside chart sample on the two-hour chart (see under). At press time, BANANA was combating resistance from the $9.5 psychological degree. An increase above this degree would bolster the bulls to confront opposition from the $10 provider congestion zone, the place the 100-period Easy Shifting Common (SMA) at the moment sits. 

BANANA may shatter the 50  SMA at $10.3 in extremely bold instances earlier than returning to the rounded backside’s neckline at $11.2. Such a transfer would symbolize a 23% ascent from the present value.

BANANA/USD Two-Hour Chart

Aside from the considerably bullish chart sample, the upward-facing Relative Power Index (RSI) supported the optimistic outlook. The worth power had elevated from 30 throughout the New York buying and selling session on Thursday to the present worth of 48. This pointed to growing bullish momentum.

As well as, the Shifting Common Convergence Divergence (MACD) indicator was additionally transferring upwards. Word that the decision to purchase BANANA, which was despatched earlier at the moment when the 12-period Exponential Shifting Common (EMA) crossed above the 26-period EMA, was nonetheless in play. This prompt that the market situations nonetheless favored the upside. 

Then again, each oscillating indicators had been positioned within the destructive area, suggesting that there have been nonetheless extra bears than bulls out there. They might pull the worth downward to supply a two-hour candlestick shut under the assist degree at $8.3. 

A drop decrease would see BANANA revisit yesterday’s swing low at $7.71, coinciding with the technical formation’s backside. 

These searching for to go lengthy on BANANA should watch for a transparent transfer above $9.5. Whereas ready for this to occur, they might look to new cryptocurrency in presale with the potential to make good returns in 2023 as a crypto diversification technique. 

BANANA Various: Bitcoin BSC Attains its Smooth CAP 

Bitcoin BSC (BTCBSC) hit a major milestone on Sept. 22, reaching its comfortable cap of $3.96 million. BTCBSC continues to carry out nicely in presale, including greater than $400,000 within the final 24 hours to succeed in $4.4 million. 

One other thrilling replace from #BitcoinBSC!

We have now raised over $4.4 million! 🎉 pic.twitter.com/CCMRlBkU0m

— Bitcoinbsc (@Bitcoinbsctoken) September 22, 2023

The brand new BEP-20 token — a cryptocurrency based mostly on Binance Good Chain — reached this achievement in below two weeks, exhibiting rising recognition amongst crypto buyers.

Every BTCBSC is auctioned for $0.99 per token, providing those that missed out on Bitcoin (BTC) a possibility to make comparable returns over the following decade. 

Relive the early days of Bitcoin’s inception with #BitcoinBSC!

Make a journey again to April 2011, when #Bitcoin was merely 99¢ every. 🚀

Come together with us on this nostalgic journey and encounter market accessibility like by no means earlier than.💰 pic.twitter.com/afrE9yfDhF

— Bitcoinbsc (@Bitcoinbsctoken) September 22, 2023

The Bitcoin BSC presale will proceed till the provision devoted to the presale is bought off, which is $6.06 price of BTCBSC.

You possibly can purchase BTCBSC with BNB, USDT, or ETH, and as soon as it goes reside, it can supply staking providers, releasing rewards each 10 minutes, much like how the Bitcoin community handles mining rewards.

Go to Bitcoin BSC right here for extra data on the presale and what the mission is all about.

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