Crypto Gloom

Aevo Price Prediction: FOMO Craze Drives AEVO Up 7% as Presales of This AI Meme Coin Cross $10 Million

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By Crypto Gloom

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Aevo prices jumped 7% to trade at $3.01 as of 04:50 EST.

Aevo is the first derivatives layer 2 (L2) network focused on options and perpetual trading. It is built on top of the Ethereum blockchain and is supported by Coinbase Exchange as an investor.

The surge in Aevo’s price follows its listing on the Binance exchange, the largest trading platform by market capitalization.

This comes just a few days after Binance Launchpool mounted AEVO for farming. This allows users to stake and earn free cryptocurrency.

Following AEVO Launchpool, Binance Futures also announced a new promotion for AEVO to reward the community. New gift users and referrers had the opportunity to participate from March 8 to 13, with a total prize pool of 120,000 AEVO to be shared.

Even amidst the hype about Binance listing AEVO, the network is concerned about a surge in the number of fake accounts targeting Aevo community members. In particular, malicious actors are sharing misinformation and fraudulent links. As a result, the network urged caution.

These activities tend to spread FUD (fear, uncertainty, and doubt) in the community, which explains why there has been little to no spike in trading volume for AEVO tokens in the last 24 hours.

Aevo price prediction among Binance listing enthusiasts

Aevo price is moving within a one-hour range, with the possibility of a downtrend on Binance’s lower time frame steadily increasing. The Relative Strength Index (RSI) appears calm as it moves below the 50 threshold.

Further highlighting the downtrend, Aevo price remains below the central line of the Bollinger indicator at $3.05. If the selling momentum strengthens, the Aevo price may lose support due to the lower limit of the Bollinger indicator at $3.83. In severe cases, a slump could cause the price of the derivatives protocol to fall below the $2.80 support line, creating resistance and making lower lows in the process. This could give bears an opportunity to dominate the market.

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TradingView: AEVO/USDT 1-hour chart

On the other hand, if the bulls have their way, Aevo price could push north, turning the center line into support and using it as a starting point for further profits. A candle closing just above the upper Bollinger indicator band of $3.26 could set the pace for a continuation of the uptrend.

In a very bullish case, Aevo price could break the $3.30 high and possibly extend higher to create a new local high.

While Aevo prices continue to consolidate within a range, consider Scotty AI, a new pre-sale that has gone parabolic. Nearly $10.5 million has now been raised, most of it in the past week alone.

A promising alternative to AEVO

AI Scotty advertises himself as the guardian of the digital realm. We have deep insight into the inner workings of blockchain technology, achieved by understanding everything about AI, blockchain, and cryptocurrency.

AI Scotty expertly analyzes complex algorithms and codes and smartly identifies patterns and anomalies. Otherwise, even the most skilled human programmer would have missed it.

The Scotty team has outlined a broad roadmap for the future of AI Scotty. The initial phase includes launching the Scotty community and conducting a Scotty AI contract audit.

The project’s staking feature offers 30% annual returns with over 470 million SCOTTY tokens already staked. Scotty AI token rewards will be distributed to users at the rate of 82.5 $SCOTTY per ETH block and payable over three years.

The project’s pre-sale sold out faster than expected, leading the developer to extend it by a week. The token is scheduled to be listed within four days, but market rumors suggest that pre-sales may be halted today due to overwhelming demand.

This means this is your last chance to purchase SCOTTY at the regular price of $0.01.

ScottyScotty

Investors can purchase tokens using Ethereum (ETH), Tether (USDT) or bank cards.

Visit AI Scotty here to purchase.

Also read:

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