Investors are keenly showing interest in the crypto market’s impressive price performance of tomiNet (TOMI). At 6:03 a.m. EST, $TOMI is trading at $3.12, with a slight increase of 1.66% in the last 24 hours. However, over the past seven and fourteen days, the asset has witnessed declines of 6.8% and 15.7%, respectively.
While these changes in tomiNet price action occur, the asset could be on its way to a bullish trend.
tomiNet Price Soars Above $3 As Possible Uptrend Looms
Boasting a decentralized system that gives users complete control of their assets, TOMI has attracted massive investor interest with more users since listing the token on the CoinW exchange.
CoinW will list $TOMI and open the TOMI/USDT trading pairs on Innovation Zone on 8/1/2023 11:00 (UTC).
🔸 Deposit: 7/30/2023 11:00 (UTC)
🔸 Trading: 8/1/2023 11:00 (UTC)
🔸 Withdraw: 8/2/2023 11:00 (UTC)
— CoinW Exchange (@CoinWOfficial) July 29, 2023
tomiNet sealed the exchange listing with a win-win-win event, where chosen winners can claim $500 worth of TOMI. This proof of rewards for active investors may be another driving factor behind the highs in the asset’s price.
🎁 Prize Pool: $500 in TOMI
📅 Event Period: August 1st – August 4th
— CoinW Exchange (@CoinWOfficial) August 1, 2023
However, the token’s trading volume is down by 19.3% in the last 24 hours, suggesting trading activities in the sell zone.
Ultimately, traders are still careful of their stakes in the TOMI/USD market, and experts’ speculation can be found in a comprehensive technical analysis of today’s price.
tomiNet Price Analysis
The chart above shows that the asset’s price is above the lower Bollinger Band, suggesting that the TOMI is recovering from the previous bearish trend. This condition may indicate a potential buying opportunity as the asset trades at a relatively attractive price level.
If the buyers fail to sustain the rally and fall below the lower band, it will find strong support at $3.000.
Conversely, if the price holds, TOMI may rebound and aim for the resistance level at $3.742 and will likely trade within this range until a significant event breaks the levels.
The MACD above the signal line (9-Day EMA) with a green histogram bar further supports the rising bullish sentiment.
Also, the asset’s Relative Strength Index (RSI) level is at 28, indicating that TOMI is in the oversold territory. If traders identify a buying opportunity at this level, TOMI’s RSI could shoot up, triggering a rebound in the coming days.
tomiNet Alternative Captures the Attention of Investors Amidst Crypto Market Uncertainty
The introduction of XRP20 marks a deliberate and exciting step towards providing a unique opportunity within the low-cap cryptocurrency space. Built on the ERC-20 standard, XRP20 takes inspiration from the original $XRP, aiming to offer a second chance for individuals who missed XRP’s early days.
However, despite sharing the name, XRP20 is a standalone project with no affiliation with $XRP or Ripple Labs. The new token will leverage the Ethereum blockchain’s functionality and XRP’s legacy to scale its price with enhanced accessibility for prospective crypto investors and influencers.
By utilizing the ERC-20 standard and Ethereum’s features, XRP20 strives to offer its community members an exciting and distinct experience.
Features and Tokenomics of XRP20
$XRP20’s token distribution strategy is carefully crafted to ensure long-term viability and encourage active participation within the ecosystem.
The total token supply amounts to 100 billion tokens, with 40% allocated for the presale, 40% for the staking pool, and the remaining for DEX liquidity and burn allocation.
The stake-to-earn utility and deflationary mechanism to encourage scarcity make it even more appealing to investors. XRP20 incorporates a 0.1% burning rate for all buying and selling transactions.
XRP20 Launches Presales in Grand Style
The ongoing presale presents a unique opportunity for early investors to acquire $XRP20 tokens at $0.000092, 30 times lower than XRP’s all-time low, underscoring the importance of joining early.
With over $400,000 raised from a modest soft cap of $1.85 million, there is a high likelihood that the presale will quickly reach its goal.
🚀 Great news #XRP20Army!🎉
We have reached an incredible #Presale milestone!💪
Raising over 400K in just a couple of days!🌟
Thank you to the entire #CryptoCommunity!🙏
— XRP20 (@XRP20_coin) August 4, 2023
The presale accepts both $ETH and $USDT, allowing investors to participate using their preferred cryptocurrency.