Multichain Native Coin MULTI in Bearish Trend, Potential for Price Recovery
Multichain native coin MULTI has seen a decrease in price performance, sparking speculation among investors and traders about whether the price will continue to drop. Over the last 24 hours, the coin has decreased by more than 3%. Since April 12, the coin has been on a bearish trend, dropping from $12 to $3.34 by May 28. However, technical indicators suggest a potential trend reversal in the near term, with the price approaching the middle band of the Bollinger Bands and the Moving Average Convergence Divergence (MACD) trading above the signal line.
Key Points:
- Multichain native coin MULTI has seen a decrease in price performance, dropping by more than 3% in the last 24 hours.
- The coin has been on a bearish trend since April 12, decreasing by 45.21% over the last 30 days and 18.7% in the last 14 days.
- Technical indicators suggest a potential trend reversal, with the price approaching the middle band of the Bollinger Bands and the MACD trading above the signal line.
- Multichain’s Twitter following of over 20,000 individuals can positively affect its price and market perception, creating a positive market sentiment around the coin.
- A recent partnership announcement with PowerCity to connect PulseChain to the Multiverse ecosystem can also create a positive sentiment and potentially increase buying interest.
Chimpzee: An Environmentally Friendly Web3 Project with Potential Returns
Chimpzee is an environmentally friendly Web3 initiative that allows holders to support environmental and wildlife conservation while earning rewards. The project has garnered significant attention and offers diverse ways to earn rewards through activities like shopping, playing, trading, and owning NFT passports. The token presale has already raised over $1 million and sold more than 1.6 billion CHMPZ coins, with predictions suggesting potential returns for early investors by Q4 2023.
Key Points:
- Chimpzee is an environmentally friendly Web3 project that allows holders to earn rewards while supporting environmental and wildlife conservation.
- The project offers diverse ways to earn rewards through activities like shopping, playing, trading, and owning NFT passports.
- The token presale has raised over $1 million and sold more than 1.6 billion CHMPZ coins, with predictions suggesting potential returns for early investors by Q4 2023.
- Chimpzee’s presale has 7 days left, generating excitement and urgency for eco-friendly investors to participate.
Hot Take
Multichain’s recent bearish trend may be a cause for concern for investors, but technical indicators suggest a potential trend reversal and price recovery. Additionally, the coin’s strong Twitter following and recent partnership announcement can create a positive market sentiment and increase buying interest. On the other hand, Chimpzee presents a promising environmentally friendly project in Web 3.0, offering various ways to earn rewards while supporting conservation efforts. With a successful token presale and predictions of potential returns, Chimpzee is an alternative investment worth considering for eco-friendly investors.
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