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The Astar token price is up 23% in the last 24 hours to trade at $0.136 as of 6:49 a.m. EST, as its trading volume rose by 190% to reach $123 million.
The market capitalization of Astar currently stands at $735 million. Over the past week, The Astar price surged by 41.5%, surpassing the overall performance of the global cryptocurrency market, which has seen a 3% increase.
Furthermore, Astar has demonstrated superior performance to similar Layer 1 (L1) cryptocurrencies, which have experienced a 5.5% increase.
Astar Token Price: Can Bulls Sustain Momentum
ASTR shows a consistent upward trend, finding robust support around $0.038, aligning with the 50-day Simple Moving Average (SMA). This has resulted in a subsequent surge beyond $0.0890, forming what appears to be an ascending triangle pattern.
Despite a brief correction to $0.06, bulls swiftly regained control, pushing the price to $0.16, approaching the high observed in April 2022 at $0.018. However, recent market activity has introduced a bearish influence, prompting a retest of the current level at $0.10. This coincides with the upper boundary of the ascending triangle, suggesting a potential rebound as bulls strive to regain control.
The price is trading above the 50-day and 200-day SMAs, confirming a bullish trend, further emphasized by a golden cross at $0.052.
The Relative Strength Index (RSI) indicates a bullish stance, transitioning from the midline at 50 to 81. This upward movement in the RSI indicates significant buying pressure for ASTR.
Astar Token Price Prediction
The Astar price maintains a consistently bullish outlook, supported by the SMAs and RSI as a bull. However, there is a potential scenario where bears may prolong the corrective phase, leading the price to the $0.10 resistance-turned-support level and impacting existing profits.
Even as Astar continues to surge, investors are also rushing to buy SpongeV2, which is offering 100X return on investment through its Stake to Earn feature.
SPONGEV2 Grand Return, Promising 100X On Investment
SpongeV1 is making a triumphant return, larger and more absorbent than ever, as it transforms into SPONGEV2, a new ERC-20 token on Ethereum, utilizing a Stake-To-Earn strategy that commits to delivering 100X returns on investment.
📣 We’re excited to announce that #Sponge is bridging from V1 to V2!
Stake your $SPONGE to earn #SpongeV2 tokens. 🧽💦
Buy and stake now for a special V2 token bonus! Don’t miss out 🔥#MemeCoin #Web3 #BullMarket pic.twitter.com/bYmkg1TNrU
— $SPONGE (@spongeoneth) December 18, 2023
Sponge V1 successfully obtained listings on over 10 centralized exchanges, including LBank, Toobit, CoinW, BTCEX, Poloniex, MEXC, Gate.io, Bitget, BitKan, and BitMart.
Additionally, the token experienced a remarkable surge of over 2900%, garnering over 13,000 holders and delivering substantial profits for those who invested early.
If you currently hold original $SPONGE tokens, you can stake them in the SPONGEV2 smart contract through the token website. Doing so will automatically secure your share of the V2 token upon its launch.
Stake-to-Earn For Lucrative Rewards
The SPONGEV2 Stake-to-Bridge system creates a seamless connection between the token and the V1 ecosystem, offering unmatched utility. As the number of staked SPONGE tokens increases, so does the yield of SPONGEV2 tokens, providing investors with lucrative rewards.
A key feature of SPONGEV2 is its fixed four-year staking period, allowing stakers to accumulate tokens with an impressive 650% annual percentage yield (APY). Upon the completion of the staking period, claiming SPONGEV2 tokens can be quickly done through the official SPONGE website.
If you’re holding original $SPONGE tokens, you must stake them in our V2 smart contract via the website home page. 🙌
You’ll automatically secure your share of the V2 token upon launch. 🚀
GO GO GO 🧽🧽🧽🧽#Sponge #Web3 #Crypto #Alts pic.twitter.com/I6eX3nQVGN
— $SPONGE (@spongeoneth) December 23, 2023
The upcoming Sponge P2E game will offer a free and a premium version. In the free version, you can enjoy playing for fun.
Alternatively, in the paid version, you can utilize $SPONGEV2 tokens to acquire extra game credits, increasing opportunities to earn more $SPONGE.
To purchase Sponge V2 tokens, connect your Web3 wallet to the official Sponge.vip website, swap your ETH or USDT for v2 tokens, or use your bank card to buy directly.
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