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GEGE’s price is up 264% in the last 24 hours to trade for $0.01484 as of 01:00 AM EST on trading volume that is up 232%.
This comes amidst a possible list on Bitmart Stock exchange, a development that often boosts the price of a cryptocurrency through speculation and FOMO (fear of missing out) causing the price of the asset to rise.
🌟 New upcoming menu 🌟
🤩 #Bitmart will list $ accordingly @GegeAkutamiSol almost!
Keep an eye on our social accounts for more announcements.
Share in the comments what you like about this project 👇 pic.twitter.com/wHjIsiVZa7
– BitMart (@BitMartExchange) June 17, 2024
The new listing on one of the major exchanges provides easier access to a wider range of traders and investors, thus enhancing liquidity.
Listing on reputable exchanges can also raise the status and credibility of the cryptocurrency in the eyes of the market, enhancing its legitimacy.
GEGE price forecast
GEGE price is trading with a bullish bias, consolidating within a bullish technical formation. However, on the 1-hour time frame, GEGE holders are actively taking profits. This is shown in the red candle that tests the lower border of the channel.
Looking at the Relative Strength Index (RSI), this momentum indicator has registered lower highs, indicating waning buying pressure. In the same way, the Moving Average Convergence Divergence (MACD) indicator executed a sell signal, crossing its signal line (orange band). Traders who respond to this call to sell GEGE could extend the downtrend for the altcoin.
However, for the bullish hypothesis to be invalidated, GEGE price must decline to record a closing candle below $0.00738. In a severe case, a decline could send the altcoin below the $0.00346 threshold.
GeckoTerminal: GEGE/USD 1-hour chart
On the other hand, if the bullish momentum increases, GEGE price may break the massive barrier at $0.01484. This barrier is determined by even highs and is crucial to the upside potential of the altcoin. This is evident as the price of GEGE has faced multiple rejections from it previously and consecutively.
Meanwhile, crypto analyst Jacob Burry recommends investors consider Base Dawgz (DAWGZ), a new on-chain meme that he says could multiply 100-fold after its launch and outperform coins like BRETT, DEGEN, and TOSHI.
A promising alternative to GEGE
DAWGZ is running Dawgs base An ecosystem, its primary habitat is the main chain. However, the project offers a unique cross-chain experience, providing seamless interoperability with Ethereum, Solana, Binance Smart Chain, and AVAX.
It uses Wormhole and Portal Bridge to ensure users can easily navigate their way across the borderless, decentralized world. As such, users can seamlessly transact across multiple blockchain ecosystems and gain unparalleled cross-chain functionality.
Staking will launch soon with pre-sale buyers staking their tokens before launch and receiving a retroactive reward later. The team has allocated 20% of the total token supply to staking.
The project is also scheduled to launch a “Be Social for Airdrop” campaign to reward users with points that can later be exchanged for DAWGZ. All you have to do is interact with social networks on X.
GM🌤️
X tries to keep us on earth but we will always come back to heaven. Reply with “🪂” if you see this.
– Base Dawgz (@BaseDawgz) June 10, 2024
If you are interested in participating, you can purchase DAWGZ tokens for $0.00527 each. However, don’t wait too long, because the price will rise in less than 4 days.
Visit and purchase Base Dawgz here.
Read also:
PlayDoge (PLAY) – The latest ICO on the BNB chain
- 2D Virtual Doge Pet
- Play to earn Meme Fusion Coin
- Staking and in-game token rewards
- SolidProof – playdoge.io has been audited
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