After what seemed to be an unstoppable race, official Melania even-a new coin linked to the First Lady of the United States Melania Trump-finally died of a real Krach, losing almost 80 % of its maximum value of $ 13 in 2017. A period of a few days.
The price of the token, according to CoinmarketcapNow is negotiating around 2.4 dollars and its market capitalization – which initially exploded at $ 6 billion – suddenly reversed under the threshold of $ 500 million.
Melania’s current adversity is not a surprise, given the high sales on the part of holders who are now focusing more on the best alternative to the purchase of parts even.
While the sales frenzy continues to grow, the downward movement of the token becomes even more intense, which means that the token could soon lose its $ 2 support level.
Can bulls take the advantage and create another rebound for $ Melania? Or will the token know a greater drop in the coming days? Our experts deeply examine the potential evolution of the prices of the Melania piece even to determine whether it is currently the best or the worst cryptocurrency even to buy.
Official analysis of the Melania Prize even-Will the next $ Melania movement be a recovery?
For almost two days after its launch, the traders of coins, in particular those who initially bought Trump, paid their profits to Melania. The purchase frenzy triggered an increase of more than 2,000 % of the price of the room even and also pushed its market capitalization over $ 6 billion.
After this pump, it was a big correction. However, due to the positive market conditions that propelled Bitcoin at its highest price of $ 109,000 on Monday, it was not until Wednesday that the price of the Melania token began to decrease significantly.
When putting in press, the token is blocked around the $ 2.4 level, down more than 55 % on graphics over three days while traders continue to sell their assets. Its daily volume of transactions also dropped by 35 %, to $ 117.06 million, which suggests growing pessimism about its potential.
The Melania/USD graph over 4 hours depicts a darker landscape. Nevertheless, the resistance remains at $ 3, which could be the front door to brighter horizons. A break here could open the way to a rally around $ 7.79, $ 10.99 constituting a distant but attractive summit.
Conversely, the inability to defend the current level could draw the price of $ Melania to lower levels, $ 1.8 constituting the next defense line.
Meanwhile, Jacob Bury, a famous cryptography analyst with more than 54,000 YouTube subscribers, offered a more in -depth perspective of the Melania market. In a short video, Bury says that it will be difficult for the meme Solana to regain its upward strength if there is no real roadmap, conviction or objective.
Even if the general conditions of the market should play a crucial role, the YouTuber not finds any purchase frenzy or any prices for $ Melania, unless there is a powerful catalyst.
Will Melania rebound above the $ 5 bar?
The RSI at 31.37 echoes the weariness of the market, suggesting an intense sales activity. However, with the room even wandering on the territory of occurrence, the bullish could still trigger another purchase pressure to cause a rebound.
A triumphant push beyond 50 average levels could revive hope, opening the way to a recovery in the middle of this volatile storm.
In this story of prudence and possibilities, traders must sail with caution and vision. However, to reach the $ 5 mark, it takes more than a simple fundamental force; The atmosphere of the Melania parts market must change.
The same index could be the best bet of investors to crush the parts market even
Melania’s overall price performance means two things. First, it is always preferable to get started early in the same and make profits as soon as possible. The people who embarked on the token very early and recovered their profits before its massive prices correction made high earnings while those who bought the highest suffered losses.
Secondly, diversification is the key to success in the parts market even and the indices offer degenerate investors a more strategic and rationalized means of achieving it.
Several clues exist but they do not embody the true spirit of the market of the same corners because of their centralized nature. It’s here Memes index Intervenes, offering decentralized clues which give total control to the members of the community, allowing them to decide which tokens can be added or deleted from time to time.
However, being a project focused on the community is not the only factor that has even positioned index on the investor surveillance list Degen. The four indices of the project, designed to complete the varied propensity to take risks from investors, have also contributed enormously to its growing attraction.
The first, according to even index, is nicknamed even titan and contains coins with high capitalization, in particular those superior to the reference market capitalization of $ 1 billion. Given the fact that the tokens of this basket are well established and have stable price actions, this could be a more suitable option for those looking for less risky investment opportunities on the market for meme parts.
The next step is known as the Moshot index and presents memes parts which are about to reach the level of market capitalization of $ 1 billion. They are either listed on leading scholarships, or about to be, but have a dynamic community.
There is also the Midcap index, which can be an interesting option for those who can withstand a certain level of risk. The pieces even covered in this basket mostly have a market capitalization between $ 50 and $ 250 million, but have the potential to dethrone Moshot tokens. The last, known as Frenzy Index, is aimed at those looking for the most remunerative and risky investment opportunities.
$ Memex – The token that feeds the ecosystem – will serve as a ticket to investors to access one of the baskets. This simply means that the possession of the token offers investors a rare opportunity to navigate in one time on the volatile market of coins according to their risk levels.
In addition, as mentioned above, tokens holders will keep a total control over how each index will be rebalanced from time to time, making the same a coin based on DAO.
This, in parallel with the impressive advantages of putting offered by the project, has aroused the strong interest of investors for the token. Its preventing flows faster than expected, having raised nearly $ 3 million in a few weeks.
While the presale is growing, cryptographic information media deemed as Cointegraph have discussed the importance of decentralized basket offers for the rapidly evolving market for coins.
Popular personalities of cryptography such as Claybro have also thought about the relevance of the same index, describing it as the best bet for investors aimed at crushing the market.
With the growing adoption of the parts even every day, even index is more likely to attract a large base of users, which could possibly trigger 10x growth in the coming months.