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Is It Too Late To Buy DADDY? Daddy Tate Price Soars 23%, And This Might Be The Next Crypto To Explode

InsidebitcoinInsidebitcoin2024/08/26 11:43
By:Insidebitcoin

The Daddy Tate price soared 23% in the last 24 hours to $0.0964 as of 5.15 a.m. EST on trading volume that dropped 68% to $4.8 million.

The token first launched last month only to see a rapid price decking initially. But, after a recovery in early July, it started spiraling down until early August, and since then, it has remained relatively flat until recently.

It was inspired by Andrew Tate, who recently announced plans to invest $1 million in DADDY coin after reaching 10 million followers on X, as part of a campaign to expand his reach and influence on the platform. Tate is known for his controversial online presence, but over time, he started getting more involved with the crypto space in an attempt to promote the Solana-based meme coin and push its market cap to $1 billion.

Tate also burned over $150 million of DADDY tokens earlier this year, in an attempt to reduce the supply and pump the token’s value.

Daddy Tate Price Prediction

Daddy Tate price has been seeing a steady rise over the past day and a half. While it often encountered resistances which would initially cause minor rejections, the token would return and break them, only to rise to the next one and repeat the process.

Recently, the token saw its Bollinger bands widen, which is a bullish signal that suggests that an additional increase may be expected. This is further encouraged by the fact that the token’s price is pushing the upper band further up.

On the other hand, the token’s Relative Strength Index (RSI) value has been pushing higher and higher up, until it reached the overbought area. For a lot of traders, this is a very strong bearish signal, which means that they should start selling. With the crypto industry currently highly volatile, with half the coins trading in the red and others in the green over the past 24 hours, the DADDY token could go either way.

Tate’s encouragement of buyers could be enough to help the token push higher in terms of value, while its RSI continues to delve deeper into the overbought zone, but ultimately, it will be up to the traders. If a correction is to come, it will happen within the next few hours. That means that anyone who holds or plans to buy Daddy Tate tokens in the near future should be extremely cautious.

Promising Alternatives to Daddy Tate

For those who are looking for an alternative to the Daddy Tate token, consider buying Crypto All-Stars (STARS) — a newly launched meme coin presale that seeks to connect the meme coin sector and revolutionize staking at the same time.

The project came out with an alternative smart contract for staking that, unlike others, does not limit the user to only its native cryptocurrency. Instead, it allows users to stake most major meme coins. It is known as MemeVault, and it supports the likes of Dogecoin, Pepe, Floki, Milady, Brett, Turbo, and many more, with the potential to expand its list further in days to come.

The MemeVault technology represents a major leap in the staking sector, and its goal is to enable meme coin staking under Crypto All-Stars’ umbrella. By making it possible to stake all the different meme coin in the same place, the project intends to promote unity among meme coins while at the same time, it will place itself at the center of it all.

Its ICO has been extremely successful, raising over $769k in only a little over a week, while its token, STARS, currently sells for only $0.0014078 apiece. STARS can be bought with ETH, USDT, BNB, or credit/debit cards, for those who prefer to use fiat currencies.

It is still fairly early in its ICO, so buying its token now , before its price gets pumped through scheduled price boosts, could be beneficial to investors. It is also worth noting that a popular crypto YouTuber, ClayBro, recently speculated that the project offers a 29x opportunity, and that it should not be missed by opportunity seekers.

Visit STARS official website.

Related Articles:

  • Crypto All-Stars Price Prediction
  • How to Buy Crypto All-Stars – STARS Presale Review
  • New Meme Coin Crypto All-Stars Raises $330K In 2 Days
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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