MAD price surged 2,33% in a week, though it has fallen 6% in the past 24 hours, trading at $0.00003984 as of 2:30 AM ET, with trading volume falling 17% to $6.93 million.
The MAD price initially surged from $0.000012 to $0.00007374 on November 19 – this new all-time high price eventually allowed it to surpass the previous record of $0.00003650 set in late July.
The all-time high price party has begun!
What a journey! We reached a new all-time high and we're not stopping. Thanks to this amazing community that's been with us every step of the way! $MAD is here to stay, we're just warming up! #mad#alltimehigh…pic.twitter.com/Sv30XvpQk4
— MAD (@madcoinvip) November 21, 2024
The project also announced on the same day that it had reached 30,000 token holders as its price surge attracted many new traders and investors looking for valuable opportunities.
After reaching its all-time high price, it also began to trend on X, with views exceeding ten thousand on the social platform.
After a week like this, were there ever any doubts?
We are now trending on Twitter worldwide!
Breaking all-time high prices, dominating multiple crypto platforms, and racking up millions of views on social media isn’t enough?
A huge tribute to our unstoppable community: $MAD… pic.twitter.com/ridFsBs5G1
— MAD (@madcoinvip) November 22, 2024
However, as the weekend approached, the project experienced a correction that caused the price to fall. Despite this, its price is still 233% higher than before the surge, but its price experienced a strong correction before Bitcoin fell to the $93k range.
MAD Price Prediction
As mentioned earlier, the MAD price slightly dropped by 6% in the past 24 hours, which caused it to fall below the support level of $0.000040. However, the meme coin found new support at $0.000035, which allowed it to move relatively close to the resistance level of $0.000040.
Since then, the coin has fluctuated between these two levels, but as of writing, it has not broken out. Its Bollinger Bands have narrowed over the past 24 hours, and although the price fluctuates between the bands, its pattern is occasionally interrupted by the center line between the two bands.
Even so, the narrowing is a bearish sign, which could mean that the coin could break the $0.000035 support level in the near future and correct further.
The relative strength index (RSI) of the MAD showed fluctuations in the neutral zone over the past 24 hours, with a single dip into the oversold zone about 10 hours ago. Since then, traders have started buying, but the RSI has stopped rising after reaching a value of 60.
After that, it dropped again to around 46 and continued to fluctuate around 50. This showed that traders were aware of its growth potential but also showed that they were hesitant to buy and pushed the coin’s RSI into the overbought zone.
In terms of price, this also suggests that traders believe that the current resistance of $0.000040 is too strong, so day traders are taking advantage of small fluctuations to take small profits.
A promising alternative to MAD
While MAD price is currently maintaining a delicate balance, investors are stepping up their efforts in a popular presale called Crypto All-Stars (STARS), which just raised over $6 million.
The project gained popularity for its unique staking platform, MemeVault. Basically, it is a unique smart contract that for the first time allows you to stake multiple memecoins on one platform.
Hold on to your hats, celebrities!
We just broke the $6 million mark! Looks like the sky will be filled with $STARS soon!
Get your share here: https://t.co/8IZTKBdAp2 pic.twitter.com/9Bdm4z8jb7
— Crypto All-Stars (@all_stars_coin) November 26, 2024
As a meme coin, Crypto All-Stars makes staking of other major meme coins possible, currently allowing its token holders to stake nearly ten different cryptocurrencies. Supported projects include Dogecoin, Pepe, Shiba Inu, Turbo, Floki, Brett, Coq Inu, Bonk, Toshi, Mog Coin, and Milady. More projects will be added in the coming months.
STARS itself can also be staked, with annual returns up to 326%.
All of this gives the project huge potential, with crypto experts such as ClayBro (a YouTuber with over 132,000 subscribers) speculating that STARS could become a top meme coin with at least a 10x potential.
At the same time, the project’s developers announced that the ICO will end in 24 days.
Visit STARS here.
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