QUACK, RichQuack’s utility token, has generated some significant gains during a week in which most coins have experienced significant losses. Is this the time to buy the crypto asset, or has QUACK hit its top for now?
RICHQUACK Price Movement
QUACK currently trades at 0.000000002298. The digital asset has pumped by 19.2% in the past 24 hours, outperforming the broader market, which has slumped by 1.78% in the same period.
Thanks to its impressive gains, QUACK is currently performing well on the technical front. The crypto asset is trading above all of its moving average (MA) indicators, from the 10-day MA of 0000000015 to the 200-day MA pegged at $0.00000000078.
QUACK’s positive moving average convergence divergence (MACD) displays a buy signal, while its relative strength index (RSI) is 69.61, which indicates that it is close to the overbought region.
An Introduction to RichQuack
As stated earlier, QUACK is the native token for RichQuack; a community-controlled crypto project that intends to help users maximize their investment returns. The platform offers a full ecosystem of products, including raffles, lotteries, and a multichain launchpad.
One of RichQuack’s significant features is its staking and incubation platform, which allows users to invest their QUACK tokens in new blockchain projects and earn rewards. RichQauck has multiple cryptocurrency staking levels, depending on how many QUACK tokens are staked within the protocol. The platform allows users to invest in projects, with the option of receiving tokens from these projects when they launch their coins.
QUACK’s price increase appears to have been an organic one. The asset was reportedly one of the tokens with the highest levels of investor demand throughout August, a month in which it also reached a new peak in terms of holders.
Investor demand for cryptocurrencies has grown over the past few weeks, and QUACK has established itself in the top 300 most valuable cryptocurrencies. Thus, it isn’t surprising to see its price surge.
However, considering that QUACK doesn’t have much news in terms of fundamentals, investors should tread carefully with digital assets. Its surge, although organic, appears to have been driven by the Fear of Missing Out (FOMO), as evidenced by its 27.7% price drop in the past 9 hours.
TAMA – A Great Opportunity for Gains
While QUACK still solidifies its position, value-seeking investors can invest in TAMA. The digital asset, which powers the Tamadoge gaming ecosystem, is one of the most promising cryptocurrencies this year.
Tamadoge was designed as a battle royale game powered by non-fungible tokens (NFTs). Players buy NFTs that represent pets, grow them, and use them to battle other players’ pets. Battle winners get to enjoy rewards paid in TAMA.
After a successful listing on multiple centralized exchanges, including LBank and OKX, TAMA has delivered impressive price gains. The asset trades at $0.04282, an uptrend of 23.2% in the past 24 hours.
On October 6, Tamadoge released ultra-rare NFTs that will be a part of the game when it launches.
⏰ Only 1 Day Left Until The End Of The Tamadoge Ultra Rare NFTs Auction On @Opensea ⏰
— TAMADOGE (@Tamadogecoin) October 12, 2022
The NFTs are supposed to possess heightened speed and strength, making them a great option for prospective players. The NFTs are still available; however, the auction will likely close by the end of the week.
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