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Loom Community (LOOM) just lately skilled a bullish trajectory, witnessing a 19% worth surge to achieve $0.17 earlier than falling.
LOOM is actively buying and selling at $0.14 as of 10:01 a.m. EST, reflecting a 24.7% acquire within the final 24 hours in addition to a 109.5% surge over the previous week.
The token’s 24-hour buying and selling quantity has additionally risen by 82% and reached $1.5 million.
LOOM Declines Throughout the Rising Channel
After a sustained consolidation, LOOM has damaged out, giving the bulls the chance to drive the worth upward. The worth seems to be buying and selling throughout the confines of a rising channel sample.
Regardless of situations the place the bears have tried to tug the worth down, the bulls have managed to safe a foothold, rebounding 3 times on the decrease boundary of the rising channel.
The bullish outlook receives assist from the 21 and 50 shifting averages, which point out a crossover at $0.046. At present, the easy shifting averages act as worth assist for LOOM, with values of $0.101 and $0.122, respectively.
However, the relative energy index (RSI) is trending downward from the overbought area of 70, suggesting a pullback in LOOM’s worth. Nevertheless, if the bulls preserve their footing, an RSI rebound may observe.
Loom Experiencing Bullish Pattern
LOOM is experiencing a common bullish development, buying and selling alongside the rising channel. If the bullish momentum continues, LOOM’s worth may doubtlessly attain $0.18.
Conversely, if a candlestick opens beneath the 21-moving common, the bulls might discover assist on the $0.10 stage.
One other crypto that’s on a bullish development is Meme Kombat (MK), which provides an incredible alternative for buyers with its Stake to Earn and Stake to Play options, together with a low-priced presale provide.
Meme Kombat (MK) S2E, S2P
The Meme Kombat token ($MK) has achieved a powerful milestone, accumulating over $113,157 in brief order since its launch. The present public sale worth for the $MK token stands at $1.667.
Meme Kombat makes staking and wagering easy. Winners not solely obtain $MK tokens but additionally get an opportunity to win helpful prizes.
$MK | Meme Kombat is an modern new gaming platform designed for gaming fanatics. #GameFi sector is rising, so it’s price checking 💯
Devs are doxxed on web site, presale is ongoing they usually already raised $100K+ | Verify particulars beneath👇 and Dyor@Meme_Kombat TG:… pic.twitter.com/wNlFytuOEC
— $SHIB KNIGHT (@army_shiba) September 27, 2023
Lengthy-term token stakers can take pleasure in passive revenue by an annual 112% yield (APY), which components within the period of staking and the extent of engagement on the platform.
The staking mechanism is computerized for presale consumers, and rewards accrue through the presale interval. After the presale concludes, presale stakers can re-stake their tokens through the declare web page.
Whereas $MK tokens will be withdrawn from staking on the finish of the presale, doing so will consequence within the forfeiture of rewards earned throughout that point. Staking rewards compound each day.
Staking right this moment positions you to start out betting when the battling system goes stay after the presale ends. Solely staked tokens can be utilized for wagering, selling a long-term dedication to the undertaking.
MK Notable Opinions
Because the platform expands and community results come into play, the ecosystem’s worth will develop, doubtlessly growing the worth of the Meme Kombat token as extra consumers drive up its worth.
YouTube crypto analyst Oscar Ramos, with 55,000 subscribers on his crypto channel, gives a considerate overview of the undertaking.
He appreciates the undertaking’s aesthetics and picture high quality, that are essential for a meme and gaming undertaking. Oscar additionally highlights the spectacular APY and the undertaking’s audit, additional boosting its credibility.
One other crypto analyst predicts that Meme Kombat may see a 10x improve in worth at launch and believes it holds 100x potential.
The undertaking has garnered vital consideration from premier crypto information platforms like Decrypt, Cointelegraph, and CryptoSlate, showcasing its immense potential within the business.
MK Roadmap
The MK group has allotted 50% of the token provide accessible within the presale, with 30% allotted for staking and battler rewards, 10% for group rewards, and 10% for decentralized change liquidity. The whole token provide is 12,000,000.
The worldwide on-line playing market is a large business, estimated at $95 billion for 2023, with a projected compound annual progress fee of 8.54% over the subsequent 4 years, aiming for a market quantity of $131.90 billion by 2027.
Rivalries so deep, you’ll be able to virtually style it 👀#Memekombat pic.twitter.com/9R7Dd8BBJg
— Meme Kombat (@Meme_Kombat) September 28, 2023
Meme Kombat stands on the forefront of the convergence of gaming and playing, leveraging blockchain, AI, and memes.
Moreover, it provides a type of liquid staking, which is gaining prominence within the DeFi crypto house.
By permitting staked tokens for use in different financial actions whereas remaining staked, Meme Kombat successfully capabilities as a type of liquid staking.
This aligns with the development accelerated by Ethereum’s shift to a proof-of-stake protocol.
Investing in Meme Kombat, priced at $1.667, gives a possibility to take part in meme-infused gaming and playing whereas having fun with a safe revenue stream from the token provide allotted to group rewards.
You should buy Meme Kombat tokens right this moment utilizing ETH, BNB, or USDT (ERC-20 and BEP-20).
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