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The price of Wise Monkey has surged 41% in the past 24 hours, trading at $0.00002173 as of 4:45 AM ET, with volume up 113% to $48.16 million.
The project’s token, MONKY, was released through a post by X on December 12th.
Since then, the project has been listed on several major exchanges, including PancakeSwap, KuCoin, MEXC, Gate.io, BitMart, CoinEX, and others. As for pricing, it had a pretty disappointing performance last week. The token initially surged to resistance at $0.000030 before undergoing a sharp correction to $0.000012.
The project hit a low at $0.00001179 on December 15th. However, a new positive trend emerged in the market as Bitcoin price surged to $107,000, and MONKY quickly followed suit, soaring to $0.00002173.
This is still not close to the ATH of $0.00003281 recorded just a week ago shortly after the launch of the project, but it is generally a big step in the right direction.
Wise Monkey Price Prediction
After several attempts to break the $0.000020 resistance level over the past five hours, Wise Monkey has seen the price correct sharply towards $0.00001952. The decline was very sharp and occurred in a very short period of time.
The project was showing signs of growth, with the Bollinger Bands widening over time as the price continued to rise above the upper bands. There were still small fluctuations, but generally only a slight decline, not even reaching the midpoint between the two bands.
Then it suddenly dropped below the halfway mark, but soon stopped descending before it got close to the bottom band. This may be the result of a large sell-off, possibly due to a large sell order from whales, or a sudden but short-lived sell-off.
The Relative Strength Index (RSI) indicator of the project also shows sharp fluctuations over the last 18 hours. RSI has consistently fluctuated between the overbought zone of 70 and the neutral zone of 50. This means that traders pump the price until RSI rises to 70. Overbought areas lead to an immediate change in trend, where traders sell until the RSI falls into the neutral area and then start buying again.
This was a consistent pattern that did not change over the last 18 hours until, as mentioned, the RSI suddenly fell below the 50 value, causing a sharp price decline.
A promising alternative to Wise Monkey
MONKY’s price looks set to begin recovering from its plunge soon, but many are turning to a new high-potential alternative called Crypto All-Stars (STARS).
This is a meme coin project whose pre-sale is scheduled to end in 2 days, making it your last chance to purchase STARS during the ICO price of $0.0016782.
The project owes its success to its flagship product, a new type of staking platform called MemeVault, the industry’s first multi-coin staking smart contract.
Currently, users can only stake STARS, but once the token is activated, they will be able to stake 12 different meme coins on the platform. In addition to STARS itself, it also includes Dogecoin, Pepe, Bonk, Shiba Inu, Turbo, Floki, Brett, Coq Inu, Milady, Mog Coin, and Toshi The Cat.
Over time, the project will add support for more meme coins. This will allow anyone who has created a large meme coin portfolio to keep all their cryptocurrencies in one place, making the process more accessible and convenient.
This was the main selling point of the project’s ICO and the reason it raised over $21.5 million. There was a huge influx of investment, with even whales joining in with only two days left.
A leading cryptocurrency influencer on YouTube named ClayBro with over 134,000 subscribers says STARS could be the next 10x cryptocurrency.
Visit Crypto All-Stars.
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