The YAMA Token: A Surging Investment Opportunity
The price of the YAMA token has experienced a dramatic surge since its launch on September 4. As of September 6 at 5:42 am EST, it is valued at $0.012, representing a remarkable increase of over 110%. In just 24 hours, itsย value skyrocketed 550 times, sparking a frenzy of accumulation between investors.
According to data from CoinMarketCap, the volumeย ofย trading of YAMA has increased by 176% in theย previousย day, indicating a growing demand for the token. The question arises: how high can itsย price go?
Price Gains Driven by Multiple Exchange Listings
MEXC exchange recently announced a Kickstarter listing event, where users can support their favorite projects by voting using MX tokens. YAMA token is now listed on Kickstarter, offering voters theย opportunity toย gainย wholeย lotย of airdrops.
Alongย with this, BitGet exchange has made YAMA available on Bitget Swap, expanding its exposure to millions of users. These exchange listings reflect the increasing interest in YAMA between the cryptocurrency community and have likely contributed to itsย price surge.
YAMA Sets New All-Time High
On September 6, YAMA reached a new record-breakingย peak value of $0.013, with a market cap of $12.8 Million. According to the developers, the next target is a market cap of 20 Million, which they believe can be achieved after the centralized exchange listing.
YAMA Retreating from Overbought Zone
After reaching its record-breakingย peak, YAMA experienced a short-term fall to $0.011. Nonetheless, buyers still dominate the market and are pushing for further price gains. Technical indicators suggest a probable rebound and continued buyer activity.
Bears at $0.013 Force Price Decline
Resistance at $0.013 has caused a decline in YAMAโs price, briefly testing the $0.009 levelย ofย support. A fall below this level may confirm a bearish trend. To regain its previous price level, YAMA needs to overcome the $0.011 resistance level.
BTCBSC: An Alternative for YAMA Investors
For investors who missed out on YAMAโs initial surge, the ongoing BTCBSC presale presents another opportunity. BTCBSC is an eco-friendly BEP-20 token built on the BNB smart chain. Staking BTCBSC allows holders to earn passive income instead of engaging in energy-intensive mining.
Staking and Roadmap Make BTCBSC a Promising Project
BTCBSC supports a stake-to-earn model, with bonus distributed over 120 years. This long-term commitment and the attractive APY of 38,647% have already attracted wholeย lotย of staking activity. Staking BTCBSC can help prevent token dumping and attract more users to the ecosystem.
Hot Take:
The YAMA token has captured the attention of investors with its impressive price surge since its launch. With multiple exchange listings and a growing community, YAMAโs value is expected continuation growing. Nonetheless, cautious analysis of market trends and resistance levels is necessary to make notified investment decisions.
Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies. Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.
