[CryptoNews]
In the midst of CardanoSummit2023, Charles Hoskinson’s Cardano blockchain has seen the native token ADA price soar +19% in a break above the 200DMA.
The resurgence comes amid challenging price action for the No. 8 ranked cryptocurrency, which has battled downside price action as of late, falling -15.53% over the past 6-months.
Happening now at #CardanoSummit2023: Networking Soirée and the Battle of the Builders
#CardanoCommunity #Cardano pic.twitter.com/cahslyY2uY
— Input Output (@InputOutputHK) November 2, 2023
Yet, with builders gathering in a move aiming to fuel further growth to the ecosystem, some side-lined traders are asking, is it too late to buy Cardano?
ADA Price Analysis: IS It Too Late to Buy Cardano After +19% ADA Price Move?
As the Cardano community gather in Dubai, ADA is currently trading at a market price of $0.32 (representing a 24-hour change of -0.65%).
The sudden +19% move has marked a major technical strengthening, as ADA price hammered back up above the 200DMA (at $0.30) for the first time since mid-July.
Now in minor localised retracement, as the dust settles from the ADA price pump, all eyes will be on this crucial moving average to see if the rally will hold.
ADA’s recovery move has been a slowly awakening giant, with a bounce off lower trendline support on October 19 triggering the impressive +37.54% climb.
Cardano now draws upon support from both the 20DMA and 200DMA as it targets a hammering move up past upper trendline resistance.
Yet, the RSI has emerged as a potential problem, with the key indicator overheating to a significant oversold signal at 75.98 – suggesting ADA is overbought at these levels.
While the aggressive rallying move by ADA price has left the MACD contrasting this reflecting bullish divergence at 0.0047.
Overall, ADA price looks strong here, with multi-tiered support from moving averages at lower levels, and a MACD defying the overheated RSI.
This leaves ADA price with an upside target at $0.35 (a possible +9.34%).
While downside risk is limited by the 200DMA at $0.30 (a possible -6.28%).
This leaves ADA price with a risk: reward ratio of 1.49, a reasonable entry characterised by potential upside movements.
But while the Cardano community hold on to their hard-fought returns, a new crypto presale is soaring to breath-taking heights, with the potential for supersized returns following the success of Rollbit.
Top Rollbit Alternative? This GambleFi Crypto Presale Just Accelerated Past $1.65M
As Telegram trading bots and GambleFi dominate September’s narratives, the TG.Casino ($TGC) presale is gaining significant attention – racing to $1,654,001 raised in just two weeks, here’s why it should be on your radar.
TG.Casino isn’t just another quick Telegram bot pump-and-dump it’s an intricately crafted ecosystem that marries the thrill of the crypto casino world with the decentralized edge of blockchain.
By being a fully licensed casino that integrates seamlessly into Telegram, which boasts over 700 million users, the reach and potential are undeniable.
The ease of use, amplified by a no-KYC protocol, makes it an alluring proposition for both novices and crypto veterans with easy onboarding ensuring a seamless road to new user growth.
With a range of offerings, from thousands of live Telegram casino games, slot machines, and table games to an expansive sportsbook, ensures an immersive experience.
And for those keen on kick-starting their journey, the 150% matched deposit bonus on the first deposit plus 500 free spins is the cherry on top.
From a security standpoint, users can rest easy – all data and funds are encrypted, ensuring robust protection against potential threats.
While the $TGC token not only facilitates instant transactions but also serves as the beating heart of this dynamic ecosystem.
Biggest GambleFi Presale TG Casino Presale: TG.Casino APY Outperforms SOL Price YTD Gains
The presale is where things get even more intriguing as the offered staking APY is nothing short of spectacular, standing proudly at 316%.
Given that over a million tokens have been staked within a day of the presale launch, the momentum is palpable.
And a well-conceived buyback mechanism ensures price stability and regular rewards, a win-win for the community.
The $TGC token’s utility is another aspect to spotlight – beyond its primary function in the casino world, its adaptability – be it swapped for gaming credits or other cryptos – adds layers to its potential growth.
Its role in transactions, from deposits to withdrawals, signifies its pivotal role in the TG.Casino framework.
How to Buy TG Casino Early?
Step 1 – Go over to their official website
The first thing you want to get correctly is going over to their official website.
Step 2 – Create a Crypto Wallet
You need to set up a crypto wallet, and it’s important to chose a wallet that supports ERC-20 tokens as this is TGC Standards.
Step 3 – Purchase ETH or USDT
Next is to purchase some Ethereum (ETH) or Tether (USDT), as these are the tokens used to exchange into TGC.
Step 4 – Connect Wallet to Presale Dashboard
Go to TG.Casino’s website and click on the ‘Connect Wallet’ button. A pop-up box will appear, in which investors can choose their wallet provider and link their wallet to the presale dashboard.
Step 5 – Buy TG.Casino Token
Investors will see an order box on-screen where they can either select ETH or USDT (or buy on BSC) to use for the exchange. Investors also need to decide the amount of $TGC coin you want to buy; the minimum investment is 1,000 $TGC. After making sure that everything is accurate, confirm the trade.
Step 6 – Claim TG.Casino Token
Once TG.Casino’s presale has ended, there will be a Token Generation Event (TGE), where investors can claim their purchased tokens by clicking the ‘Claim’ button on TG.Casino’s homepage. That’s all for how to buy TG.Casino.
TG Casino’s Unrivalled Tokenomics Could Trigger Biggest GambleFi Moonshot
To wrap it up, TG.Casino ($TGC) presale is not just an opportunity; it’s a front-row ticket to the future of Telegram GambleFi.
With tokenomics supply – fairly distributed across the presale, liquidity pools, staking rewards, and player rewards – and the additional bolster of TG Casino’s jaw-dropping 316% APY – this project is positioned to become a huge name in the GambleFi vertical.
Its blend of a comprehensive ecosystem, enticing financial benefits, and user-centric approach make it a tantalizing prospect. But as always, arm yourself with research, and here’s to successful ventures ahead!
Dive into the TG.Casino Presale Now.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
The post Is It Too Late to Buy Cardano? ADA Price Soars 19% as New Crypto Casino Project Gathers Steam appeared first on Cryptonews.
IndustryTalk #ADA #ADAPrice #ADA/USD #Cardano #CardanoPricePrediction