Join Our Telegram channel to stay up to date on breaking news coverage
The Daddy Tate price surged 22% over the past 24 hours to trade at $0.08410 as of 04:11 a.m. EST on trading volume that rose 12% to $5 million.
DADDY is now 70% up after it hit its all-time low of $0.04917 on August 5, according to data from GeckoTerminal, and the token is exhibiting signs of a strong uptrend by soaring through higher highs.
This comes as Andrew Tate gears up towards the launch of The Real World (TRW), which he believes will be a lucrative venture for his followers.
🚨UPDATE: Andrew Tate (@Cobratate) announces that everything for the $TRW x $DADDY project is READY.
All the paperwork required to ensure compliance with SEC regulations is also READY to be sent for review. pic.twitter.com/KEJrCS38zv
— The Real World (@AccessTRW) July 31, 2024
Daddy Tate Price Aims For A Continued Bullish Reversal
The Daddy Tate price has been in a sustained downturn since mid-July, as the price fluctuated within the falling channel pattern.
The recent efforts by the bulls have pushed the price of Daddy Tate to trade within the upper boundary of the channel, as they aim for a continued bullish trend reversal from its all-time low.
DADDY now trades above the 50-day SMA, a confirmation of the incoming bullish rally. If this rally sustains, DADDY could overcome the 200-day SMA, which now acts as the immediate resistance level at $0.1189.
Moreover, the Relative Strength Index (RSI) is climbing up towards the 70-overbought region, currently at 61, a signal that the asset is under intense buying pressure.
The Moving Average Convergence Divergence (MACD) is also hurtling towards the neutral line, a sign that buyers are currently adding to their buying positions. The blue MACD line also trades above the orange signal line, representing a bullish crossover.
With the RSI and MACD indicating that buyers have the upper hand, the price of Daddy Tate may be on a bullish trend reversal, as the bulls aim to push the price above the falling channel pattern. If the momentum continues, the DADDY price could soar to the next target at $0.20.
However, if the bears take control of the token at this level, DADDY could retrace to the $0.052 support on the lower boundary of the channel.
Meanwhile, as investors push the Daddy Tate price higher, they are also socking funds into the new Dogecoin derivative PlayDoge (PLAY), which has amassed over $5.9 million in its ICO.
Jacob Bury, a prominent crypto analyst and YouTuber, says it could surge 10X after launch.
PlayDoge Meme Coin Raises Over $5.9 Million – Best Meme Coin To Buy Now?
As a Dogecoin derivative, $PLAY is a meme coin centered on the Shiba Inu dog breed, but similarities end there.
PlayDoge is a mobile-based play-to-earn (P2E) game that transforms the DOGE meme into a Tamagotchi-style virtual pet, which allows users to earn $PLAY tokens.
The project mixes the ‘90s nostalgia with modern blockchain tech, which then allows users to care for an 8-bit pixel Doge in a retro-style mobile game.
Players get to feed, play mini-games, and bond with their virtual pet, earning $PLAY tokens in the process.
PlayDoge also differs from Dogecoin in that it runs on the BNB Chain, a blockchain created by the world’s largest crypto exchange, Binance.
POV: You the week after #Presale ends 🍝 🌅 pic.twitter.com/alc8nfsfMl
— PlayDoge (@PlayDogeGame) July 25, 2024
Apart from earning through P2E, token holders can also earn passively by staking $PLAY for an impressive 78% annual percentage yield (APY).
You can buy $PLAY tokens right now for $0.00527 each. With a price hike coming in less than 3 days, don’t wait around too long if you want to secure the best deal.
To join the presale, buy $PLAY from the official website here using BNB, USDT, or a bank card.
Related News
PlayDoge (PLAY) – Newest Launch On BNB Chain
- 2D Virtual Doge Pet
- Play To Earn Meme Coin Fusion
- Staking & In-Game Token Rewards
- SolidProof Audited – playdoge.io
Join Our Telegram channel to stay up to date on breaking news coverage
Credit: Source link
