Dubbed the SpongeBob Meme Coin, $SPONGE falls within the category of meme tokens, characterized by their emphasis on creating hype rather than practical applications.
The appeal of meme tokens, as demonstrated by the success of PEPE, lies in their capacity for swift value appreciation, prompting traders to include them in their portfolios.
The launch of $SPONGE was met with enthusiasm, amassing nearly $1 million in trading volume within the first hour. Predominantly driven by buyers, the token’s upward trajectory is anticipated to continue.
The trend of launching tokens on Decentralized Exchanges (DEX) has gained traction, partly in response to regulatory concerns affecting centralized exchanges, such as the FTX incident and issues faced by Coinbase.
Additionally, advancements in artificial intelligence have streamlined token creation, exemplified by Turbo Toad Token ($TURBO), developed in a week with a minimal human intervention using OpenAI’s ChatGPT.
For those intrigued by $SPONGE, the token is readily available on Uniswap, where it is experiencing a gain of 670% so far today.
With a total supply of 40.4 billion tokens and trading volume on the rise, $SPONGE’s trend is likely to continue as awareness spreads.
Internet Computer’s price trajectory has been volatile, as it retested the 50-day EMA in confluence with the Fib 0.618 level of $5.624 on May 3.
$ICP is currently trading marginally above the Fib 0.5 level at $5.932.
$ICP is showing a bullish trend based on its key exponential moving averages. The 20-day EMA is at $5.808, the 50-day EMA is at $5.616, and the 100-day EMA is at $5.484.
As the current price is above all three moving averages, this suggests a positive momentum in the market.
$ICP’s registers at 54.46, an increase from the previous day’s 53.31, signaling growing buying pressure.
The MACD histogram measures -0.006, a slight improvement from the previous day’s -0.007.
Although the MACD histogram remains in negative territory, the incremental increase suggests a weakening of bearish momentum.
As of this writing, $ICP is trading at $5.965, reflecting a 0.91% increase so far today.
Traders are advised to keep a watchful eye on the trendlines that form the symmetrical triangle pattern.
A breakout from the upper trendline could signal a bullish trajectory, with $ICP potentially retesting the Fib 0.382 level at $6.241, in confluence with the previous resistance level of $6.259.
On the other hand, a breach of the lower trendline could indicate that $ICP may revisit the support levels of Fib 0.618 at $5.264 and Fib 0.786 at $5.185.
The technical indicators suggest that $ICP is currently in a pivotal phase, and traders are urged to closely monitor key levels and trendlines for potential trading opportunities.
ecoterra’s presale has amassed a sum exceeding $3.1 million so far within a month’s time.
<oembed url="https://twitter.com/ecoterraio/status/1654486256963801090[/embed]As the fifth stage of the presale draws to a close, a mere $50,000 worth of tokens remains available for purchase.
The likelihood of these tokens being acquired before the two-day deadline is high, given the rapid pace of sales.
The Recycle2Earn project, which includes plans for a smartphone application, has garnered significant attention for its dual appeal: the potential for financial returns and the opportunity to address environmental challenges.
The initiative seeks to promote recycling and other environmentally beneficial activities, which it terms “impact actions,” by offering rewards in the form of ecoterra tokens.
Central to the Recycle2Earn initiative is the development of a smartphone application that facilitates access to the project’s ecosystem, including marketplaces for recycled materials and carbon offsets, as well as an impact profile to track ecological contributions.
ecoterra’s CEO, Mihai Ciutureanu, has outlined plans for a liquidity pool to manage token liquidity within the app.
The Recycle2Earn app is expected to launch its beta version by year’s end, offering an innovative approach to promoting recycling and environmental stewardship.
ecoterra’s integration of non-fungible tokens (NFTs) to represent ecological achievements and its support for renewable energy generation further enhance the project’s appeal.
Experts in the cryptocurrency space anticipate that ecoterra may potentially yield returns, a sentiment reflected in the token’s popularity on Google Trends, where it has ranked as high as third in the “crypto” category.
The current rate of ecoterra sales is accelerating, with daily figures reaching approximately $200,000. The token’s price, currently set at $0.00700 in stage 5, is slated to increase to $0.00775 in stage 6.
To acquire ecoterra tokens, investors may use either ETH or the Tether stablecoin (USDT), with the option for traditional currency purchases via card for those less familiar with digital assets.
Upon the conclusion of the presale, ecoterra tokens will be listed on exchanges at a price of $0.01.
Visit ecoterra Now
Casper Network (CSPR) Casper Network (CSPR) has been enjoying a positive trajectory in recent weeks, with the cryptocurrency consistently printing higher lows and emerging as one of today’s gainers in the crypto market.
However, traders should exercise caution as technical indicators suggest the possibility of a bearish divergence, which may signal an impending retracement.
The RSI is currently at 64.20, down from yesterday’s 66.10.
While the RSI remains in the bullish territory above the 50 mark, the potential bearish divergence between the RSI and CSPR’s price action warrants attention.
Specifically, if the RSI fails to confirm new highs in price, it could indicate weakening momentum and a potential trend reversal.
Examining the moving averages, the 20-day EMA is currently at $0.0550, while the 50-day EMA stands at $0.0486, and the 100-day EMA at $0.0437.
The 20-day EMA has been acting as a reliable support level, as evidenced by its successful support on April 3-4, April 22, and April 25.
This level coincides with the Fibonacci 0.786 retracement level at $0.05046, suggesting strong potential support in case the bearish divergence materializes.
The MACD histogram, which helps identify trend direction and momentum, is currently at 0.00021, down from yesterday’s 0.00034.
The declining MACD histogram may signal a loss of bullish momentum, further supporting the case for a potential retracement.
CSPR’s current price stands at $0.05986, experiencing a loss of 1.32% so far today.
The immediate resistance level to watch is the previous high of $0.06097. A successful close above this level could signal a continuation of the bullish trend.
On the flip side, if the bearish divergence plays out, traders should keep a close eye on the immediate potential support at the Fib 0.786 level at $0.05046 in confluence with the 20-day EMA. A break below this level could see the price retest the Fib 0.618 level at $0.05046.
Buy Crypto Now
One of the Biggest Crypto Gainers Today: Swords of Blood’s Epic Storyline and High-Quality Graphics Role-playing game (RPG) Swords of Blood is continuing its presale, surpassing $1.2 million so far in funds raised during the third stage.
VIDEO Built on the Polygon network, Swords of Blood offers an immersive experience, drawing on the success of its predecessor, which garnered over four million downloads so far.
The game’s rich lore, crafted by creatives who have worked on renowned titles such as The Witcher and Cyberpunk, complements its dynamic combat mechanics.
The expertise of the development team sets the stage for a highly anticipated launch.
During the third stage of the presale, the game’s native token, $SWDTKN, is being offered at a price of $0.08.
$SWDTKN will play a central role in the game’s ecosystem, serving as the primary currency for transactions and rewards.
Swords of Blood distinguishes itself as the first AAA-rated, blockchain-based hack-and-slash thriller of its kind.
Players can delve into an epic storyline, exploring various game modes and enjoying high-quality graphics reminiscent of the Diablo franchise.
As players navigate dungeons, acquire rare equipment and battle foes, they have the opportunity to craft powerful weapons and master combat techniques.
The game’s MVP version is set to launch in May 2023, even as the presale continues.
This version will feature a main campaign story mode, a Monster Hunt mode, and multiplayer elements, including player-vs-player combat and cooperative boss battles.
The game’s lore transports players to the World of Ezura, where they must confront the Dragon Betrayer and restore peace.
The game’s narrative is enriched by the contributions of Jakub Szamalek, known for his work on Cyberpunk 2077 and The Witcher 3.
Additionally, the game’s graphics are inspired by Weapons Creator Ben Abbot, known for Forged in the Fire.
With the backing of prominent venture capital firms and a skilled development team, Swords of Blood is poised to captivate gamers and investors alike as it forges a path in the Web3 gaming landscape.
Visit Swords of Blood Now