Wise Monkey Price Prediction: MONKY Pumps 19%, But Traders Rush To Buy This Meme Coin Staking ICO With Time Running Out
MONKEY
MONKY
MONKEY
STRS
TOSHI
The Wise Monkey price skyrocketed 41% in the last 24 hours to trade at $0.00002173 as of 4.45 a.m. EST on trading volume that soared 113% to $48.16 million.
The project’s token, MONKY, went live on December 12, which was announced in a post on X.
Since then, the project saw a few listings on major exchanges, including PancakeSwap, KuCoin, MEXC, Gate.io, BitMart, CoinEX, and more. As for its price, it saw a fairly underwhelming performance n the past week. The token initially surged to a resistance at $0.000030, which was then followed by a sharp correction to $0.000012.
The project found its bottom at $0.00001179 on December 15. However, Bitcoin’s price surge to $107k brought a new positive trend to the market, and MONKY quickly followed, skyrocketing to $0.00002173.
This is still not even close to its ATH at $0.00003281 as recorded a week ago, immediately after the project’s launch, but it generally shows a major progression in the right direction.
Wise Monkey Price Prediction
Following several attempts to breach the resistance at $0.000020 in the last five hours, Wise Monkey saw its price suffer a sharp correction which brought its price to $0.00001952. The drop was rather sharp, taking place in a very short time.
The project was showing signs of growth, with its Bollinger bands getting wider with each passing hour, as the price kept pushing the upper band further up. It still saw small fluctuations, but it would typically only drop slightly, not even reaching the middle point between the two bands.
Then, it suddenly dropped below the middle point, but it stopped its descent soon after, before it ever got near the bottom band. This was likely a result of a large sale, possibly caused by a large sell order by a whale, or by a sudden but short-lasting sell-off.
The project’s Relative Strength Index (RSI) metric also shows sharp fluctuations in the past 18 hours, with the RSI constantly fluctuating between the overbought zone at 70 and the neutral zone at 50. This suggests that traders would pump the price until the RSI climbed to the overbought zone, which was followed by an immediate change in trend, where the traders would sell until the RSI dropped to the neutral area, only to start buying again.
This was a consistent pattern that remained unchanged for the last 18 hours, as mentioned, until the RSI suddenly broke below the value of 50, which caused the sharp price drop, as well.
Promising Alternative To Wise Monkey
While MONKY seems like its price is about to start a recovery from its sharp drop, many have been turning to new high-potential alternative called Crypto All-Stars (STARS).
This is a meme coin project that is set to end its presale in less than 2 days, making this the last chance to buy STARS during its ICO price of $0.0016782.
The project blew up thanks to its flagship product — a new type of staking platform known as MemeVault, which is the industry’s first multi-coin staking smart contract.
Right now, it only allows users to stake STARS, but once the token goes live the platform will let you stake 12 different meme coins. Apart from STARS itself, that will also include Dogecoin, Pepe, Bonk, Shiba Inu, Turbo, Floki, Brett, Coq Inu, Milady, Mog Coin, and Toshi The Cat.
In time, the project will add support for even more meme coins, which will let everyone who has created a large meme coin portfolio stake all of their cryptos in one place, making the process more accessible and convenient.
This has been a major selling point for the project’s ICO, and it is the reason why it’s raised over $21.5 million. With only two days left, there has been a major influx of investments, with whales joining as well.
A major crypto influencer on YouTube going by the name of ClayBro, who has over 134k subscribers, says STARS might be the next 10x crypto.
Related Articles:
