Ravencoin’s price has reached an important milestone that could lead to strong buying this weekend and into next week. The proof-of-work (PoW) coin has risen 13% in the last 24 hours, trading at $0.027 as of this writing, early in the American session on Friday. Investors sitting on the sidelines might begin entering the market to buy RVN tokens in anticipation of a possible rise to $1.00.
Ravencoin Price Confirms Uptrend – Evaluating the Possibility of a $1 RVN
After seemingly bottoming at $0.0177, Ravencoin price struggled to gain momentum, especially with its upside limited by the 50-day Exponential Moving Average (EMA) (in red), the 100-day EMA (in blue), and the 200-day EMA (in purple).
Amid many hits and misses, RVN bulls made the ultimate push cracking a confluence resistance at $0.0244, formed by the 200-day EMA and the upper falling trendline, as illustrated on the daily time frame chart.
Ravencoin’s price has a clear way up now that the main hurdle is gone. The Money Flow Index (MFI) shows that buying pressure for RVN is much stronger than selling pressure. Because of this, investors are likely to see a quick rise, with some possibly taking profits at $0.035, $0.055, and $0.08, in that order.
Nevertheless, stubbornly bullish traders may want to wait until Ravencoin price blasts past $0.1. The move to $1 will depend on how the larger crypto market performs in 2023. So far, cryptocurrencies have performed exceptionally well this year with more traction anticipated ahead of the United States Federal Reserve decision on interest rates later this month.
In the meantime, the outlook for Ravencoin price remains bullish, strengthened by a buy signal from the Moving Average Convergence Divergence (MACD) indicator. Investors buying RVN now have the MACD (line in blue) above the signal line (in red) backing their risk appetite. Furthermore, the momentum indicator holds in an upward position above the mean line, hinting at a strong bullish potential.
Traders should tread carefully while keeping in mind a sell signal from the TD Sequential indicator on the four-hour time frame chart. The call to sell RVN appeared in a green nine candlestick, hinting at a weakening uptrend, especially in the short term.
Sell orders would be recommended after traders ascertain the high of the sixth and seventh candles in the count is exceeded by that of the eighth or ninth bar.
Despite this sell signal, a retracement is an unlikely outcome for Ravencoin price now that it’s holding above all the major moving averages even on a shorter timeframe. The next affirmation for an uptrend would be a break above $0.03, probably ahead of the weekend session.
Altcoins To Consider For Biggers Gains In 2023
Investors may want to diversify their crypto portfolios with new presale altcoins possessing solid fundamentals to rally after the tokens debut on exchanges for the first time. The tokens listed here are selling at a bargain while providing a chance to investors to be early adopters. Based on the solutions they are bringing to the crypto gaming and fitness arenas, these tokens could shape the future of the industry.
Meta Masters Guild (MEMAG)
Investors seem to have piqued immense interest in Meta Masters Guild (MMG), the world’s first mobile-focused Web3 gaming platform. The first round of MMG’s presale sold out in a week, with investors currently buying 1 MEMAG for $0.01. So far, the team has raised $700.3k and expects to move to the third round in slightly over a week.
Meta Masters Guild claims to be better than other existing play-to-earn crypto projects like The Sandbox (SAND) and Axie Infinity (AXS), for bringing blockchain games closer to the people on mobile devices.
In addition to eliminating barriers to entry, players earn rewards in Gems, an in-game currency that can be redeemed for MEMAG tokens for staking purposes. Users can also cash out Gems by converting them to other cryptos. Since Meta Masters Guild is a Web3 platform, Gems are used to buy NFTs and other in-game supplies.
No crypto rewards in-game for #MMG, but you'll earn Gems while playing!
Convert your Gems into MEMAG tokens and use them to buy NFTs or stake them.
The #MMG NFT store and staking is coming soon!
Learn More ➡️ https://t.co/HzrnZe7NYC#mmg #memag #mmggames pic.twitter.com/JNVEz9z6YE
— Meta Masters Guild (@MEMAGgames) January 20, 2023
Three games are currently in development, including Meta Kart Racers – a PvP game for mobile devices in collaboration with Gameround, who are renowned game developers. Raid NFT is the second game that will allow players to earn tradable NFTs and Gems. The third game is the Meta Masters World, which encompasses an expansive metaverse.
Fight Out (FGHT)
Those interested in forming healthy move-to-earn routines may not look any further than Fight Out, a revolutionary Web3 fitness platform. Selling FGHT in a presale has not been difficult, considering how affordable the ecosystem plans to make the fitness lifestyle.
Fight Out presents itself as the ultimate bridge between Web2 users and the Web3 world due to its simple user-friendly tech solutions. A fitness application currently in development will ensure that every user’s needs and goals are recorded from the onset.
Following the initial sign-up, users will be asked to provide a fitness background, state the equipment they have access to, and key in their desired workout types and available time slots. The versatile app will also monitor metrics such as sleep patterns and nutrition.
Fight Out intends to open a chain of gyms globally to cater to the needs of its community members. Unlike other fitness platforms, Fight Out will provide personalized training programs that eliminate the need for personal trainers.
Members will also earn in an in-app currency called REPS for completing workouts and challenges. Users will have the opportunity to grow sole-bound digital avatars as they progress in their fitness journeys – used as NFTs to access the metaverse.
Fight Out’s presale has raised $3.08 million supported by a 50% bonus, capped for purchases done before the $5 million threshold.
Calvaria (RIA)
Calvaria is on the cusp of finalizing its presale rounds with $2.87 million raised. The fund drive will end as soon as the final milestone of $3,075,000 has been reached, or if you’d like by January 31, 2023 – whichever comes first.
The final round of the presale appears to be moving fast as investors deal with FOMO. So far, the people who bought RIA at $0.01 in the first round boast a 225% on-paper profit. Nevertheless, it is not too late as RIA will likely rally following its first exchange listing on BKex and LBank exchanges.
Calvaria feels like a hot cake, especially for play-to-earn enthusiasts. Moreover, non-crypto gamers will also have a chance to start on the mobile version of the game before making the next step to the play-to-earn blockchain-based version.
Calvaria’s Duels of Eternity outperforms rivals like Splinterlands and Gods Unchained thanks to the inclusion of 3D characters as part of its dedication to AAA game design standards.
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Fight Out - Next 100x Move to Earn Crypto
- Backed by LBank Labs, Transak
- Earn Rewards for Working Out
- Level Up and Compete in the Metaverse
- Presale Live Now - $4M+ Raised
- Real-World Community, Gym Chain