Blockchain

Arweave Price Prediction: AR is the Biggest Winner with a 19% Pump as This World-First AR/VR Crypto Skyrockets to $6 Million

User Avatar
By Blocktivist Add a Comment

Come join us Telegram channel to stay up to date with the latest news

Contents
Arweave integrates with HackMDArweave Price PredictionPromising alternative to ArweaveAlso read:

Arweave price is up 19% in the last 24 hours and is trading at $33,842, alongside a 21% trading volume increase.

That made AR the biggest gainer among the top 100 cryptos by market capitalization.

For the Arweave Prize, the increase is attributed to a recent integration with HackMD, which allows community members to permanently decentralize their documents.

This ensures that the content is accessible to everyone, while still being immutable. Based on a report: “This is particularly useful for content such as whitepapers, research papers, DAO bylaws, community guidelines, or other information intended for the public.”

Arweave integrates with HackMD

Arweave, a blockchain-based storage platform, integrates into HackMD and achieves new functionality. Users can now publish their work on the blockchain. The innovation has revolutionized the way users can manage their public documentation. It challenges what happens with traditional storage methods because data cannot be changed or deleted. It has become the ideal choice for storing content that you want to keep exactly as it is.

See also  Bitcoin Price Rises 9% – Is There a $60,000 Prediction Ahead?

Arweave uses blockchain technology to provide persistent storage solutions. The team explains: “The Arweave network is like Bitcoin, but for data: a persistent and decentralized web within an open ledger.”

The integration has led to a comeback for the AR ecosystem, with the Arweave price seeing a steady streak of higher highs.

Arweave Price Prediction

Arweave price is trading with a bullish bias and remains well above an ascending trendline. This support level has provided downward support since mid-April. The rise has also caused the altcoin to turn a supply zone into a bullish breaker between $29,027 and $32,873.

With this order block as a support zone, Arweave price could further extend gains, potentially breaching $40.00 to test the next supply zone between $42,097 and $44,069.

However, to confirm the continuation of the uptrend, Arweave price must break and close above the midline (average threshold) of the supply zone at $43,150. A decisive candlestick closing above this level within an eight-hour time frame would confirm the continuation of the uptrend. This could allow the Arweave price to regain the all-time high of $47,480, which would mark an increase of almost 40% above current levels.

Traders looking to take new positions on AR should probably wait for the Relative Strength Index (RSI) to adjust to its stay above the average level of 50. A decisive rebound above this level would be enough. So far, the position of both momentum indicators, the RSI and the Awesome Oscillator (AO) above their respective average levels shows that the market is favoring the uptrend.

See also  Scroll launches zkEVM Mainnet | Blockchain news

Arweave AwardArweave Award

TradingView: AR/USDT 8-hour chart

On the other hand, if profits are made, the Arweave price could fall. A break and close below $26,561 within an eight-hour window would invalidate the bullish thesis.

In a severe case, the dump could expand, pushing Arweave price below the $22,616 support level.

Meanwhile, 5SCAPE, an AR/VR crypto in the world, is shooting towards $6 million and crypto analysts and YouTubers, including Michael Wrubel, are very optimistic about it.

Promising alternative to Arweave

5SCAPE powers the 5th Scape ecosystem, an innovative AR and VR cryptocurrency that aims to transform entertainment and learning through its ongoing ICO.

The project has already raised more than $5.7 million of its $6.25 million goal.

5SCAPE5SCAPE

The hallmark of the 5th Scape project is an extensive ecosystem that combines high-quality gaming with blockchain technology. The project offers a series of realistic sports, fighting and racing games designed to immerse players in virtual reality worlds.

5th Scape plans to dominate the sector with cutting-edge hardware like the VR Ultra headset. It features top-notch visuals and motion tracking. The headset comes with custom gaming chairs for maximum comfort during long gaming sessions.

From immersive games and hardware to the versatile token model, the 5th Scape team envisions a unique blend of VR and Web3. This ambitious vision appears to be a major factor behind the significant demand for its ICO.

What’s also interesting is that buying tokens at $0.00327 each means you can lock in a 205% profit before it gets listed on the exchange at $0.01. If you’re interested, buy now before an impending 15% price increase.

See also  Optimism to sell 116 million OP tokens via private sale:

Visit and purchase 5SCAPE here.

Also read:

Smog (SMOG) – Meme coin with rewards

Smog tokenSmog token
  • Airdrop season one now live
  • Earn XP to qualify for a share of $1 million
  • Featured on Cointelegraph
  • Staking Rewards – 42% APY
  • 10% OTC Discount – smogtoken.com

Smog tokenSmog token


Come join us Telegram channel to stay up to date with the latest news



Source link

TAGGED: , , , , , , , , , ,
Share This Article
Leave a comment
Lost your password?