AMC price surges 6%, it could be the next cryptocurrency

adminJune 29, 2024

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AMC’s price has surged 96% in the past week and 6% in the past 24 hours to trade at $0.000000151 as of 10 a.m. ET, with volume down 7% to just $1.6 million.

The token price soared to an all-time high following the presidential debate between Donald Trump and Joe Biden.

While this debate was a major event in American politics, it also had implications outside politics, such as in the world of digital finance.

Market Analysis: Trump $MAGA $AMC
(every #political science MEMCOIN / $Eth)
FACT: While Trump and MAGA are selling off after the presidential debate, US Meme Coins are trending higher.
Why: AMC represents America. 🇺🇸- It will exist beyond elections and bipartisan agreements. @eth_amc / dextools and… pic.twitter.com/zjuEMOWL9o
— Shiba Capital (@ShibaCapital) June 28, 2024

AMC stands for America’s Meme Coin, and the official website states that the United States has “been mistreated by our own representatives for too long” and it is now time to “Make America Great Again.”

AMC Price Prediction

AMC prices surged ahead of yesterday’s presidential debate, but the price plummeted in the aftermath as many who bought before the debate decided to take profits and sold after the price reached a new ATH.

The question everyone is asking now, including those who have held onto AMC, are buying again or are interested in buying for the first time, is what happens next.

Unfortunately, the answer is not simple. This is because the technical indicators of the project often suggest conflicting data. For example, AMC’s Bollinger Bands have started widening rapidly over the past few hours, which is a bullish sign. Additionally, the price is just above the upper band, suggesting bullish action.

Meanwhile, the project’s Relative Strength Index (RSI) value is 68.62, which suggests that traders are actually buying back the token. However, as the RSI approaches the overbought zone, this suggests that another correction could be coming soon.

After all, RSI is a very commonly used indicator that shows traders when buying pressure is strongest, which usually means that the price is also strongest. At that point, many people start selling to take profits, which quickly leads the price in the opposite direction.

It’s a missed opportunity for those who hold too long, but the same goes for those who sell too early and miss out on the price peaking. The current RSI shows that AMC has more room to grow before traders react, but given the asset’s high volatility, it is clear that trading it right now comes with fairly high risk.

A promising alternative to AMC

AMC saw a huge spike as a result of the election debates and could potentially spike again as the election approaches, but those looking to try a less intense project could consider a GameFi alternative called Mega Dice (DICE).

Mega Dice is a gaming token from the online casino of the same name, and its pre-sale has already raised over $1.5 million.

Did not purchase $Dice Not yet? Follow the link below and follow a few simple steps to purchase. If you’re not sure, check out why below ⤵️
Buy $DICE Here: https://t.co/E5WFsXQhfQ
Current price: 1 $Dice = $0.0825 🚀
Here’s why: $DICE It is expected to become the leading GameFi token, outpacing all others. pic.twitter.com/wI2jy30ntr
— Mega Dice Casino (@megadice) June 28, 2024

The native DICE token is the core of the Mega Dice platform and is tightly integrated with all game functions. In addition, holding it also grants users access to certain benefits. Among the most notable are daily bonuses that vary depending on the casino’s daily performance.

In addition, holders can enjoy various benefits such as early bird discount bonuses, limited edition NFTs, etc.

Mega Dice also attracted investors with an airdrop of $750,000 each over three seasons, for a total of $2.25 million. To qualify, you only need to wager $5,000 within 3 weeks on the project platform.

Today marks the official end of DICE Airdrop Season 2, but soon Mega Dice will begin its third and final season, meaning your last chance to participate in the event.

YouTuber Jon Trading says DICE has the potential to be the next 100x cryptocurrency.

DICE sells for $0.0825 and can be purchased with SOL, ETH or BNB. A price increase is scheduled for the next 3 days, so purchase quickly if you’re interested.

Visit the official DICE website here.

Mega Dice – The Latest GambleFi Token