Undervalued Gems in the Cryptosphere
Current Republican nominee Donald Trump has expressed bullish sentiments towards the digital assets industry. Amidst the hype surrounding his sons' promotion of World Liberty Financial crypto project, let's examine three undervalued gems:
Dogwifhat ($WIF):
Dogwifhat has experienced a significant upswing, boosted by a 30% gain over the past week. Trading volume has surged by 77%, resulting in over $440 million worth of Dogwifhat traded in the past 24 hours.
Breaking out of a falling wedge pattern, Dogwifhat could potentially reach $2 in the near future. If support is established at this level, it may move towards $2.5 and beyond.
Stacks ($STX):
Stacks has also performed well, with a 26% increase in market cap. However, it faces resistance at $2, where the 200-day moving average lies.
With Trump pledging to make the US the "crypto capital of the planet" if re-elected, Stacks could benefit from increased enthusiasm. However, its overbought status (RSI of around 70) suggests some profit-taking.
Rollblock ($RBLK):
Rollblock's ongoing presale has raised over $4 million. Blockchain technology offers advantages to the casino sector by eliminating bet manipulation concerns and ensuring data security.
The native RBLK token provides staking potential (30% yield) and a revenue-sharing mechanism (30% of profits). Stage 6 coins are currently available at $0.037, a price that is expected to rise soon.
Disclaimer:
The information provided does not constitute investment advice. Always conduct thorough research before making any investment decisions.