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Fasttoken value remained stagnant in August, buying and selling inside the $1 value vary however with slight modifications. FTN’s value at 4:22 a.m. EST on September 1 is $1.08, with a negligible value improve of 0.1% previously 24 hours. Additionally, its slight positive aspects of 1.5% within the final 30 days present merchants’ hesitation.
Given the extended consolidation, will the $1.08 degree be a value ceiling, or will we see a rally within the coming days?
Bahamut Lists on Bitget Boosting Ecosystem Development Potential
Bahamut FTN is now listed on @bitgetglobal!
Bahamut FTN, the native #token of Bahamut, has been listed on #Bitget, increasing its attain for worldwide customers, #traders, merchants & the complete Fastex #neighborhood.
🌐 Be taught extra right here: https://t.co/Tx3sKzwbvp pic.twitter.com/IHqdPgnRGL
— Fasttoken (@fasttoken_com) August 17, 2023
Bahamut FTN, the native token of Bahamut, debuted on the Bitget trade on August 17.
Bitget is a number one digital belongings trade platform with an unlimited consumer base. Launching on Bitget widens Bahamut FTN’s market attain, enhancing the token’s accessibility to extra customers worldwide, a feat that will probably increase its usability and long-term worth.
Fastex Receives Preliminary Approval by VARA
Fastex, the crypto trade powering the FTN token, introduced that it has acquired preliminary approval from the Digital Property Regulatory Authority of Dubai (VARA).
Whereas it’s not a full approval, it is step one for Fastex to amass a full regulatory license. This approval is a major accomplishment for Fastex and its growth drive within the Center East. FTN tokens will probably get a value increase as soon as the method is accomplished.
Fastex Launches Owl Contest To Give Again To Group
Fastex on September 1 introduced the Owl Contest on Zealy from September 1-15. Customers are invited to finish duties to share within the 2000 FTN rewards pool that will probably be distributed inside seven enterprise days after the marketing campaign’s conclusion.
This competitors will improve customers’ curiosity in Fasttoken tokens and certain increase their worth. Fasttoken will even take part in Token 2049, probably the most anticipated crypto occasion this 12 months, between 13-14 September. This occasion will permit Fasttoken builders to attach with different Web3 executives.
Prepare for the 12 months’s most anticipated #crypto occasion! ⚡
Nearly 2 weeks to go, we’re thrilled to take part in @token2049 #Singapore. Be part of us for a novel probability to #join with prime #Web3 firm founders and executives.
📅Save the date & meet us at our stand № P3-P4. pic.twitter.com/Us8cSwwwP6
— Fastex (@Fastexecosystem) August 28, 2023
Fasttoken Historic Value Sample Suggests Doable Uptrend In Coming Days
FTN is buying and selling in a sideways development on the day by day chart. The inexperienced candle for September 1 suggests that purchasing stress is rising, though the bears are nonetheless energetic available in the market.
FTN, after its itemizing, rallied between Could 10 and 22 as traders moved into an enormous accumulation part. Between Could 23 – July 5, the asset transitioned right into a sideway development as patrons’ curiosity dropped and buying and selling exercise lowered, evident from the small-sized candles fashioned.
On July 6, the patrons tried to power one other rally, forming a bullish engulfing sample on the day by day chart.
Nevertheless, FTN entered one other sideway development between July 7-24, repeating its historic value sample. However between July 25 and August 1, FTN moved into an uptrend because the patrons entered an aggressive accumulation part.
Though the bears pressured a retreat from August 2-6, FTN rallied once more on August 7 until it attained its all-time excessive worth of $1.12 on August 29. FTN is presently in a sideways development, suggesting one other rally based mostly on its previous value sample, which is able to probably exceed its all-time excessive worth.
FTN is within the higher area of the Donchian Channel (DC) and is rising quickly because the patrons return to power one other rally. Additionally, its Relative Energy Index shows a worth of 55.73 however is rising to strategy the overbought area of 70, which suggests that the patrons are gaining management.
Though the Transferring Common Convergence/Divergence is under its sign line, the fading Histogram bars counsel that the sellers retreat because the patrons dominate.
Fasttoken May Surpass All-Time Excessive Worth in Subsequent Rally
FTN has discovered assist at $1.07 and is rising because it approaches the $1.10 resistance. A break above this degree will ship it again to retest its all-time excessive worth of $1.12.
Regardless of its value indifference previously week, the patrons are probably transferring into one other aggressive accumulation part to power a break above its shut resistance ranges.
FTN will probably transfer into an uptrend within the coming days if the shopping for stress is sustained. Merchants can be careful for the shut of at present’s candle for affirmation with $1.10 the following reasonable revenue goal.
Whereas main cryptocurrencies constantly immerse in a pool of losses, meme tokens have confirmed a worthy different, often bucking market traits. New initiatives like Sonik are not any exception and current a haven for traders who diversify their portfolios.
Missed Fasttoken FTN’s Preliminary Surge? Sonik Coin Provides Traders a Second Probability
Sonik Coin is a fast-growing meme coin undertaking decided to reward early traders with its race to attain a $100 million market cap in document time.
It attracts inspiration from the success of in style initiatives like HarryPotterObamaPacMan8Inu that raced to a $200 million market cap in lower than 100 days.
It hopes to capitalize on the meme coin season to ship a token that may reward traders shortly. Sonik Coin has a complete provide of roughly 299.79 billion $SONIK tokens, equal to the worth of the pace of sunshine.
50% of the overall provide is devoted to the presale, 40% to staking rewards, and 10% to liquidity.
Sonik Staking An Different To FTN Buying and selling
Sonik Coin Staking affords a extra dependable resolution for risk-averse traders needing assist navigating crypto buying and selling to earn rewards from FTN’s attainable rally.
Sonik Coin helps a purchase and stake function the place customers can immediately stake tokens they buy to earn huge rewards. Utilizing the pace staking dashboard, a consumer can stake $SONIK tokens to earn a share within the 40% of the overall provide distributed as token rewards over 4 years.
The reward distribution is spaced over the four-year window to stop inflation from extra token circulation.
On September 1, at 6:41 am EST, roughly 32.71 billion $SONIK tokens had been staked at an APY of 73%, increased than the trade common of 5-10%.
$SONIK Presale Shut To Conclusion
SONIK is on presale with three days left to its conclusion. Over $900,000 has been raised from the presale goal of $2.09 million, exhibiting huge curiosity from traders as they scramble to build up SONIK tokens forward of their eventual itemizing.
1 SONIK token is price $0.000014, which is sort of reasonably priced now. Customers should buy the tokens with ETH or USDT after they join a safe crypto pockets to the presale web page.
Sonik Coin’s Partaking Roadmap
Sonik Coin has an in depth roadmap to attain its objectives, with the primary stage masking token and staking improvement, meme creation, and presale.
The second stage options the staking launch, advertising marketing campaign, deployment, and the Sonik increase sellout.
The third and last stage focuses on neighborhood constructing and distribution of staking rewards. Additionally, the $100 million market cap purpose is a part of the goal for this stage, which is able to translate to huge rewards for traders.
Michael Wrubel, a YouTube vlogger with over 300,000 subscribers, described Sonik Coin as the following $1 million meme cryptocurrency in a video. This video additional highlights the rising relevance of Sonik Coin within the crypto neighborhood as extra traders transfer to build up the tokens.
Sonik Coin depends on the energy of its neighborhood to attain its objectives and can probably be the following meme coin revolution of 2023. Nevertheless, traders are suggested to conduct correct analysis.
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