ARKM Token Price Declines by 2% in 24 Hours

ARKM Price Declines Amidst Bearish Market

ARKM, the native token of the Arkham blockchain, has experienced a downward trajectory in the past week. In the past 24 hours alone, the price has declined by more than 2%. Currently, the price stands at $0.5348 as of 06:22 EST. This bearish trend began on July 23, raising concerns about the token’s potential for upward movement in the coming days.

Main Breakdown

ARKM price has fallen 26% in a seven-day losing streak, reaching a new all-time low.
ARKM is down 34% from its all-time high on July 18 and has only increased 2% from its all-time low recorded today.
Despite the recent decline, technical analysis suggests a potential short-term bullish momentum for ARKM.
Factors such as the addition of the Arkham Oracle feature and a bounty program could impact ARKM’s market behavior.
The Mr. Hankey (HANKEY) token, based on South Park’s character, has gained attention with its presale success.

ARKM’s Market Outlook

According to the technical chart, ARKM is currently trading below the 50-day simple moving average, which is a short-term bullish signal. Additionally, the Moving Average Convergence Divergence (MACD) is slightly above the signal line with green histogram bars, indicating a potential upcoming uptrend. However, ARKM trades below the 200-day SMA, suggesting a potential bearish trend in the long run. Traders should exercise caution and closely monitor the market.

Factors Influencing Arkham Market

Two recent developments could impact ARKM’s market behavior. Arkham recently launched a bounty program offering a reward of over 9,000 ARKM tokens. This has attracted participants and could increase trading activity and the token’s price. Additionally, the introduction of The Arkham Oracle, an AI-powered on-chain analytics tool, could attract more users to Arkham Exchange, further boosting ARKM’s usability and price.

Mr. Hankey (HANKEY) – The Alternative Asset

Mr. Hankey (HANKEY) is a token based on the popular South Park character. The token sold out in presale within 10 hours, raising $500,000. The developers describe it as a “whirlwind of hilarity and high returns” and aim to make it the fastest trending and best-performing token of 2023. Investors who are tired of traditional cryptos may find this alternative asset appealing.

How to Buy HANKEY

Go to Mr. Hankey’s official website.
Look for the button “Click here to purchase HANKEY on DEXTools.”
Ensure you have a dApp crypto wallet.
Click the button and proceed to DEXTools.
HANKEY can be purchased using ETH.
On the DEXTools website, click on DEXTswap.
Click on the connect button and grant DEXTools verification access to your crypto wallet.
In the search space, look for the HANKEY token.
Enter the amount of ETH you want to spend on the token.
Click on confirm to process your transaction.
Follow the steps correctly for a successful transaction.

Hot Take

The recent bearish movement of ARKM indicates a challenging time for the token, but there are potential bullish signs to watch out for. The introduction of new features and programs in the Arkham ecosystem could provide positive momentum for ARKM. On the other hand, the success of Mr. Hankey’s presale highlights the interest in alternative assets within the crypto market.