Innovative Collaboration Expands the Bawlerverse on the Blockchain
Bawlers, a renowned gaming entity, has announced its venture into the blockchain arena, aiming to provide access to a wider range of exciting games. This move is set to expand the Bawlerverse and create new opportunities for gamers.
Positive Impact on WAX Price
The recent collaborations between Bawlers, Vpunks, and other entities have had a significant impact on the price of WAX. The price has surged by 25% within the last 24 hours, reaching $0.058. Additionally, the daily trading volume has increased by 60% to $37 million.
WAX Price Analysis
The price of WAX has been steadily increasing from its support level of $0.036. Despite the ongoing battle between buyers and sellers, buyers have managed to sustain the bullish momentum and break through the ascending channel. This indicates a continuation of the upward trend.
However, a retest of the upper trendline within the channel is still necessary for confirmation.
Bullish Indicators for WAX Price
The relative strength index (RSI) for WAX has gradually increased bullish momentum, currently standing at 81 above the overbought threshold of 70. If this sentiment continues, the RSI could reach 100 before experiencing a decline.
Furthermore, WAX is currently trading above both the 50-day and 200-day moving averages, indicating strong bullish sentiment in the market.
Potential Price Targets for WAX
If the bullish trend continues, buyers may target the $0.071 price level. However, if bears intervene and weaken the market, the price could retreat to the support level at $0.05, coinciding with the 200-day simple moving average.
Meme Kombat Presale Nears Fundraising Target
The presale of Meme Kombat, a gaming project combining memes and artificial intelligence on the Ethereum Network, is close to reaching its $1 million fundraising target. This promising gaming opportunity offers stake-to-earn and play-to-earn features, making it an attractive alternative to WAX.
Opportunities for Investors in Meme Kombat
Investors can utilize the MK token on the Meme Kombat platform for passive income. The platform offers automatic staking benefits during the presale and a variety of betting options. With a well-structured tokenomics model, sustained growth is ensured.
By participating in the presale, purchasing MK tokens, and staking them, investors can earn a high annual percentage yield (APY) of 112%. Thirty percent of the token supply is allocated for staking and battle rewards.
Acquiring MK Tokens
To acquire MK tokens, visit the Meme Kombat website and link your web3 wallet. This will allow you to purchase tokens using ETH, BNB, or USDT (ERC-20 and BEP-20).
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