NFAI Gains 8% – Should You Sell or Hold?

$BEST Token Zooms Past $775K In Presale: Only 3 Days Left!

Beeple Risks Copyright Lawsuit For Tweeting About The Chill Guy

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Not Financial Advice (NFAI) is a decentralized hedge fund experiment that seeks to use the power of neural net technology to make leverage trading decisions on decentralized leverage trading platforms.

The project is not a typical cryptocurrency project, and that is reflected in its recent price performance.

The project’s price has been growing over the past week, which is not too different from the rest of the market. After Grayscale saw its court victory against the SEC, crypto prices skyrocketed, especially regarding Bitcoin.

However, in the past 24 hours, digital currency prices started trading in the red, and Bitcoin crashed back to under $26,000. This has been different with Not Financial Advice. The token skyrocketed as the rest of the crypto market entered a seemingly bearish September 2023.

The token’s performance throughout the month has yet to be seen. However, for the moment, the NFAI price is surging. In the last week, the token has seen a 42% price increase, and in the previous 24 hours alone, its price went up by nearly 15%.

The price was low seven days ago, fluctuating between $0.101 and $0.109. However, around August 27, the token’s value started to increase, and by the end of the day, it managed to break the resistance at $0.11.

Over the next several days, it broke one opposition after another, including the ones at $0.12 and $0.13, going up to $0.15 on August 30.

Definitely @nfalabs with their #ecosystem of $NFAi and $N
– #Athena: AI Powered Hedge Fund currently up 50% since launch 3 months ago
– #Canis: Lending on Shibarium
– #Hecate: Insurance for Crypto and cryptos biggest furnace of tokens with $N
Wanna know more? Ask @athenagpt,…
— KEYSTONESKIER (@keystoneskier_) August 24, 2023

NFAI Price Corrects, Then Skyrockets

However, the last day of the month brought a correction, likely caused by such a sharp rise as seen on the day before. The token dropped back to under $0.14, trading sideways throughout the day, only to drop to $0.13 in the final hours of August 31.

But, a drop seemingly made the token undervalued, as it immediately bounced back up, starting September 2021 by trading in the green.

In the first few hours of September 1, the token returned to the resistance at $0.15, and after a brief struggle, it even managed to break it and climb to $0.16.

When writing, the NFAI price sits at $0.1557, which saw a minor correction after hitting the next resistance at $0.16.

However, there is some strong buying power present. As for the token’s market cap, it is currently at $11.4 million. Since the start of the newest price surge, the token’s daily volume surged by 6%, leaving it at $1.3 million at the time of writing.

Even so, this does not represent a massive change from its performance throughout the week, as the volume fluctuated between $1.1 million and $1.3 million throughout the last seven days.

Popular New Meme Coin Sonik About To Hit $1m Raised

Sonik (SONIK), a new meme cryptocurrency holding a presale for about a week, is approaching its most significant milestone yet — $1 million raised. The token, inspired by Sonic The Hedgehog, or memes about the character, says it has no affiliation with Sega or the Sonic brand.

However, its fascination and use of the memes has attracted buyers, and it managed to raise over $918k as of September 1.

Its presale will last another four days, and anyone interested in buying the token can do so in exchange for ETH and USDT.

Many have rushed to buy Sonik because it plans to focus heavily on staking, unlike other meme coins, which all launched hoping to profit from popularity alone.

The meme’s popularity with Sonik is only a part of the deal. The token has dedicated 40% of its total supply to staking rewards. Half of it is currently on sale, and the remaining 10% will be used for liquidity once the token hits the exchanges.

Wall Street Memes – Next Big Crypto