SatoshiVM Price Prediction: SAVM surges 17%, but traders flock to this Meme coin pre-sale for 100x potential.

SatoshiVM price bounced back, rising 17% in the last 24 hours to remain close to spot prices. $4.13 1 AM EST.

This happens during a new upgrade of the network called S.VMZK is a comprehensive non-interactive zero-knowledge proof toolbox designed to efficiently submit concise proofs to Bitcoin to verify L2 block transactions and prevent sequencer manipulation.

It supports operations such as addition, subtraction, multiplication, division, and comparison, ensuring integrity between sequencer and verifier mempools and mitigating prover-verifier collusion.

We describe SVMZK, an efficient NIZK proof toolkit.

Given promises (a), (b), and (c), the prover can convince the verifier of various relationships, such as addition, subtraction, multiplication, division, or comparisons between them.

To address the following possibilities…

— SatoshiVM (@satoshivm) January 25, 2024

SatoshiVM price prediction

A deeper analysis of the 1-hour SAVM/USDT chart shows that SatoshiVM price may be heading in a bearish direction. This means that the token price appears to be oscillating around the lower band of the Bollinger Bands, which indicates that the asset is in a period of low volatility and is currently in a bearish phase. A narrowing band indicates a period of consolidation with a possible breakout in either direction.

The Relative Strength Index (RSI) is hovering around 43, slightly below the midline of 50. This means that RSI is in oversold territory (<30)이나 과매수 영역(>70), indicating some bearish momentum. .

On the other hand, the Moving Average Convergence Divergence (MACD) line (blue) is close to losing its signal line (orange), which suggests bearish momentum. The histogram also shows that bearish momentum increases as it approaches negative territory.

If we measure the trend, the Average Directional Index (ADX) is around 26, indicating a rather strong trend. Values ​​above 25 usually mean there is a strong trend, and in this context, a strong downtrend is likely, given the price position relative to the MACD moving average and histogram movements.

The chart also shows that the price has recently been trending downward, as indicated by the red candle, and is struggling to break the 20-day simple moving average (SMA), which is the midline of the Bollinger Bands.

1 hour SVM chart | Source: TradingView

SatoshiVM Price Prediction: Will SAVM Continue to Plunge?

Considering current indicators and price action, the near-term forecast would be cautiously bearish. The asset is trending downward in a consolidation pattern suggested by Bollinger Bands. While RSI does not indicate any extremes that could suggest a reversal is imminent, MACD confirms bearish momentum and ADX indicates a strong downward trend that is currently underway.

Meanwhile, as SatoshiVM price faces downside risks, SPONGE’s successor, Sponge V2, is emerging as a strong alternative for meme coin enthusiasts seeking explosive profits.

Due to its excellent reputation as a rapidly expanding meme digital currency, numerous investors are flocking to acquire Sponge V2 coin, which has been ranked as one of the best meme coins to reap exponential profits.

Is Sponge V2 the next big thing?

The long-awaited sequel to Sponge V1, Sponge V2is set to launch across various digital platforms. For those who missed Sponge’s 100x increase in 2023, SpongeV2 offers a new opportunity.

Aren’t 10 exchanges enough? 😉#SpongeV2 We will be listed on bigger and better exchanges! 🔥

Not ready to accept what happens next?#Sponge V2 #memecoin #Ticketing pic.twitter.com/LdXRYu65Z8

— $SPONGE (@spongeoneth) January 23, 2024

SpongeV1’s market value soared to over $100 million after gaining over 13,000 members and gaining a foothold on major centralized trading platforms such as BitMart, LBank, and Toobit.

Over $4.2 million worth of tokens were staked and converted to SpongeV2. Sponge V2 It stands out from its predecessors with new Play-to-Earn (P2E) gaming features that combine user interaction with a thrilling gaming experience.

Justin Sun’s participation in $SPONGE

The $SPONGE token, acquired by Tron founder Justin Sun last year, is now worth over $90,000. The acquisition is consistent with previous declarations by Platform X regarding its plans to invest in promising meme currency ventures.

I decided to actively trade meme coins and promising projects through public addresses. Any losses that may arise from these transactions will be personally borne by me, and all profits generated will be donated to charity.

— HE Justin Sun Sun Yuchen (@justinsuntron) May 11, 2023

The newly added Stake-Profit feature in Sponge V2 provides an incredible return of 266%.

Prominent YouTuber Conor Kenny, who boasts over 180,000 followers, believes the project could surpass Sponge V1’s reputation and increase in value 100x upon release.

With SatoshiVM prices facing correction risk, those who missed Sponge pumps last year have a second chance to profit with Sponge V2.

To get Sponge V2 tokens, connect your wallet to the SpongeV2 website and convert your Ethereum or USDT to V2 tokens. Alternatively, you can also pay by credit card.

Find out more at the official Sponge V2 website. If you visit this link.

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