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AMC price rose 96% in the past week and 6% in the past 24 hours of trading $0.000000151 as of 10 a.m. EST, trading volume was down 7% to $1.6 million.
The increase took the mark to a record high, likely driven by the presidential debate between Donald Trump and President Joe Biden.
While the debate was an important event for the American political scene, it also had consequences beyond politics, such as in the world of digital finance.
Market analysis: $Trump $MAGA $AMC
(Everything in #PolitiFi memecoins / $Eth)Fact: US Meme Coin is trending high as Trump and MAGA dumped after the presidential debate
Reason: AMC represents USA 🇺🇸- it will exist after elections and its bipartisanship @eth_amc / about dextools &… pic.twitter.com/zjuEMOWL9o
— Shiba Capital (@ShibaCapital) June 28, 2024
AMC stands for America’s Meme Coin, and the official website states that the country has been “ravaged by our delegates for too long” and that it’s “time we make America great again.”
AMC Price Prediction
The AMC price skyrocketed ahead of yesterday’s presidential debate, but also saw a sharp price correction in the aftermath as many who bought before the event decided to take profits and sell after it hit its new ATH.
The question everyone is asking now – including those who have kept their AMC and those interested in buying it again or for the first time – is what will happen next?
Unfortunately, the answer is not so simple, as the project’s technical indicators often suggest contradictory data. For example, AMC’s Bollinger bands started seeing a sharp broadening in recent hours, which is a bullish signal. Moreover, the price is right at the upper band level, indicating strong bullish behavior.
Meanwhile, the project’s Relative Strength Index (RSI) value shows a figure of 68.62, indicating that traders are indeed buying the token again. However, with the RSI approaching overbought territory, this suggests that another correction could be coming soon.
After all, RSI is a commonly used indicator that shows traders when buying pressure is strongest, which usually means the price is too. At that point, many start selling to make a profit, causing the price to quickly move in the opposite direction.
For those who hold on too long this is a missed opportunity, but the same goes for those who sell too early and miss out on the price reaching its peak. Right now, the RSI shows that AMC still has some room for growth before traders react, but given the high volatility of the asset, it’s clear that handling it at this point carries quite a lot of risk.
Promising alternatives to AMC
While AMC saw a big increase due to the election debate and may skyrocket again once the election itself approaches, those looking to try out a less intense project may want to consider a GameFi alternative called Mega Dice (DICE).
Mega Dice is a gaming token from an online casino of the same name, and pre-sales have already raised more than $1.5 million.
Not purchased $DICE yet? Follow the link below to purchase in a few easy steps. If you’re not convinced, check out our reasons below ⤵️
TO BUY $DICE HERE: https://t.co/E5WFsXQhfQ
Current price: 1 $DICE = $0.0825 🚀
This is why $DICE is poised to become the leading GameFi token and all… pic.twitter.com/wI2jy30ntr
— Mega Dice Casino (@megadice) June 28, 2024
The native DICE token will be the core of the Mega Dice platform, deeply integrated with all gaming features. In fact, holding it also gives users access to certain benefits. One of the most notable are the daily bonuses, which depend on the casino’s daily performance.
In addition, holders will also have access to early bird bonuses, limited edition NFTs and more.
Mega Dice also attracted investors with a huge airdrop of $2.25 million, split into three seasons of $750,000 each. To qualify, one must wager just $5,000 on the project platform within three weeks.
Today DICE Airdrop Season 2 officially ends, but very soon Mega Dice will begin its third and final season, which will be the last chance to participate in the event.
YouTuber Jon Trading says DICE has the potential to become the next 100x crypto.
DICE sells for just $0.0825 and can be purchased with SOL, ETH, or BNB. Buy quickly if you’re interested, because a price increase is coming in less than three days.
Visit the official DICE website here.
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