Rich Quack is a hyper-deflationary meme coin that has performed well over the last month despite the bearish sentiment in the crypto markets. Traders who picked up some Rich Quack in July would still be up over 40% following the recent pump.
Today Rich Quack pumped over 69% to $0.00000000208 before aggressively retracing over 32% to current price levels of $0.000000001056.
Is Rich Quack worth buying in 2022 and what stronger alternatives currently exist in the meme coin crypto market?
Rich Quack (QUACK) Meme Coin Price Prediction 2022
From a technical analysis perspective Rich Quack is still in a macro-downtrend and is lacking trade volume. Recently we have seen some huge volatility in terms of the price action too.
Rich Quack (QUACK) is currently trading at $0.000000001056 and according to Coinmarketcap has a market capital of $44 million positioned at rank #412 versus other cryptocurrencies.
Upon analyzing the price charts for Rich Quack (QUACK) on the 4-hour time frame we can see that Rich Quack is forming a bullish chart pattern known as an ascending triangle. Typically this pattern results in continuation depending on the trend prior to the formation of the pattern.
If Rich Quack can consolidate at current price levels and respect the $0.00000000104 support range of the ascending triangle we may see continuation to the upside.
Quack/Usd – Four Hour Time Frame.
A major resistance for Rich Quack (QUACK) is the resistance trendline of the ascending triangle at $0.00000000161. If we can break through this resistance the technical target upon a breakout brings us up by 5.53% to roughly $0.00000000112.
Rich Quack (QUACK) Meme Coin Bearish Scenario
If the bullish price structure is invalidated and support is lost, Rich Quack could retrace back down to lower support levels such as $0.000000001012 and $0.00000000097.
Quack/Usd – Weekly Time Frame.
It is worth noting that on the weekly time frame Rich Quack has corrected just below the 0.236 Fibonacci retracement range and bounced back up. This is quite a healthy sign that Rich Quack may have found support and a local low at $0.00000000097.
Prior to the recent rally Rich Quack has printed six consecutive green weekly candles and is now set to print its third red. It is difficult to say as to whether we will close this week red or green as Rich Quack is processing a Doji style candle on the weekly time frame (reflecting equal buying and selling pressure).
Personally, the most bullish scenario in my opinion for 2022 would be seeing Rich Quack rally up to around the $0.00000000138 price levels. This would be a 31% increase in price and I would expect rejection at this particular level of resistance, especially in a crypto bear market.
I do not speculate any all-time highs for Rich Quack in the near future, and it is difficult to say whether Rich Quack will even repossess its previous all-time high due to the lack of historical price data.
Rich Quack (QUACK) Meme Coin Video Analysis
Rich Quack (QUACK) has certainly reached some key milestones in the past, however, for now I think Rich Quack has already reached its euphoric tops and is rather exhausted. We are not seeing enough trade volume on the major centralized exchanges it is listed on and the total supply of 100,000,000000,000,000 QUACK coins is a major red flag for me.
Will Tamadoge Outperform Rich Quack?
As always, the cryptocurrency markets are full of lucrative investment opportunities and each day brings us new high value crypto projects. A new exciting meme coin known as Tamadoge is currently in presale and yet to land on centralized and decentralized exchanges. In my opinion Tamadoge has greater upside potential than Rich Quack and could even see a 10-100x by the next crypto bull run.
Tamadoge is currently in presale which is also another great benefit. This means the success of the presale will be more dependent on the traction, hype and marketing strategy associated with the presale as opposed to the sentiment of the crypto markets or the performance of Bitcoin.
A recent presale that we’ve been analyzing pumped over 400% once it went to public sale and hit exchanges this crypto bear market – hint hint, presales can perform extremely well even during crypto bear markets.
The unique selling points of Tamadoge (TAMA) consist of its fantastic tokenomics (2 billion total supply), play-to-earn capabilities, tax-free transactions and that it is completely deflationary.
Tamadoge has already raised over $7,253,740 in its presale which is almost 50% of the total hard cap target of $19 million. You can participate in the Tamadoge presale by visiting buy.tamadoge.io/ and purchase Tamadoge (TAMA) today using Ethereum, USDT or Fiat currencies.
It is worth noting that Tamadoge is also an ERC-20 token and will be launched on the Uniswap DEX. Following this Tamadoge will launch on the lbank centralized exchange which could be a huge price catalyst and create a surge in price.
I speculate that Tamadoge could comfortably sit amongst the top 10 meme coins by the next crypto bull run. It is enthralling, ticks the NFTs and Metaverse box, has play-to-earn capabilities and much much more.
You can learn more about the roadmap, whitepaper, tokenomics and utility by visiting Tamadoge.
Tamadoge - The Play to Earn Dogecoin
- '10x - 50x Potential' - CNBC Report
- Deflationary, Low Supply - 2 Billion
- Listed on Bybit, OKX, Bitmart, LBank, MEXC, Uniswap
- Move to Earn, Metaverse Integration on Roadmap
- NFT Doge Pets - Potential for Mass Adoption