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Is It Too Late To Buy MAD? Mad Price Skyrockets 20% As This PEPE 2.0 ICO Goes Ballistic

Release: 2024/08/13 19:04 Reading: 866

Original author:InsideBitcoin News

Original source:https://coinmarketcap.com/community/en/articles/66bb2d57d7f2f3534f61406e

Is It Too Late To Buy MAD? Mad Price Skyrockets 20% As This PEPE 2.0 ICO Goes Ballistic

MAD Price Skyrockets 20%

The MAD price surged 20% in the past 24 hours, reaching $0.00001995 as of 3:30 a.m. EST. This increase was fueled by a 26% jump in trading volume to $5.9 million.

LBank Platform Listing

The price surge occurred after Lbank Exchange listed the MAD token for trading. Investors can now easily buy and sell MAD on this platform.

MAD: The "Wild Degen Beast"

Known for its vibrant community and relentless pursuit of new opportunities, MAD seeks to identify potential high-growth meme coins. Its relentless pursuit of profits drives the coin's popularity.

Technical Analysis

  • Bullish Trend: The MAD price bulls have gained momentum, pushing it upward within a bullish channel.
  • Bullish Pennant: The formation of a bullish pennant suggests a potential continuation of the uptrend.
  • Technical Indicators:

    • Rising 50-day simple moving average
    • RSI above 30-oversold level and approaching 50
    • Climbing MACD line and fading bearish momentum

Price Prediction

The technical analysis indicates a potential rally towards the previous high of $0.00003881. However, a death cross at $0.00001929 could exert bearish pressure, potentially pushing the price back to the $0.00001431 support level.

Alternative Investment: Pepe Unchained

As the MAD price prepares for a potential rally, investors are also considering Pepe Unchained (PEPU). This new meme coin has raised over $8 million in early funding, following the success of its predecessor, PEPE.

  • Layer-2 Blockchain: PEPU operates on its own Ethereum Layer-2 blockchain, addressing scalability issues.
  • Staking System: Token holders can earn passive income through staking with an APY of 230%.

Disclaimer: The information provided in this article is for informational purposes only. It should not be considered investment advice.

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