Storage token Arweave has exploded in a strong rally move, but as AR price soars +27% side-lined traders are asking ‘is it too late to buy Arweave?’.
The upside move has seen Arweave rank in the biggest gainers amongst top 100 ranked cryptocurrencies over the last 24-hours, as traders flock to the innovative solution for permanent on-chain storage.
This week was the highest TX count in Arweave history.
Arweave is adding 4.8x more pieces of data onchain every week than it did at the start of this year. https://t.co/WfkzUVg1aS pic.twitter.com/P48tCe7BXt
— sam.arweave.dev (@samecwilliams) October 29, 2023
This is reflected in the growing transaction count on Arweave’s network, which has hit all-time highs over the past week – in testament to promising network expansion.
AR Price Analysis: As Arweave Explodes Amid All-Time High Transactions, Is it Too Late to Buy Arweave?
As Arweave leaps from success to success, AR is currently trading at a market price of $7.13 (representing a 24-hour change of -2.37%).
Rally posturing emerges following a dramatic recovery from rock-bottom AR price action, after a bounce-off lower trendline support at $3.6 saw AR find supportive structure above the 20DMA (which is currently sat at $5.31).
The consequent rally move quickly hammered-up above the 200DMA (now sat at $5.43), a level untouched since mid-April, this strengthened the rally, catalysing a +37% move up to resistance around $7.65.
While AR price now faces minor localised retracement after hitting resistance, the impressive rally structure has prepped price action to push high – as the 20DMA and 200DMA head for a seemingly imminent golden cross pattern.
AR price is left with multiple lower supports to draw upon in the event of a larger retracement, with a strong support level at $6.15 and moving average support at $5.40.
Yet, warning signs emerge from the RSI, which has overheated to a significant degree at 82.14 – suggesting AR price is overvalued and overbought at current levels.
This meets with contrast from the MACD, which reflects the impressive upside velocity underpinning the recent move with a bullish 0.2 reading.
Overall, AR price action looks strong here, with the minor localised retracement move holding strong in face of alluring technical structure.
This leaves AR price with an upside target above upper trendline resistance at $7.65 (a potential +7.04%).
While AR price faces downside risk at $6.15 (a possible -13.95%).
Arweave therefore carries a risk: reward ratio of 0.5 – a late entry suggesting that on the short-time frame it is too late to buy Arweave, and would be worth awaiting retracement.
Yet, while prudent late-stage investors await retracement, an emerging early-stage play could offer superior returns as growing Rollbit alternative TG Casino skyrockets in presale.
Top Rollbit Alternative? This GambleFi Crypto Presale Just Accelerated Past $1.76M
As Telegram trading bots and GambleFi dominate September’s narratives, the TG.Casino ($TGC) presale is gaining significant attention – racing to $1,760,330 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 AR Price Pump
The presale is where things get even more intriguing as the offered staking APY is nothing short of spectacular, standing proudly at 294%.
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 294% 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 Arweave? AR Price Soars 27% as New Crypto Casino Project Gathers Steam appeared first on Cryptonews.
