- Is Monero a buy? We look at the short and long term outlook of the token in our XMR price prediction.
- We’ll also take a look at two exciting presale tokens that investors are plunging into right now.
Monero’s XMR correlated with the broader market trend over the past year while the buyers were yet to find reliable rebounding grounds on the charts. With the Crypto Fear and Greed Index swaying in the ‘extreme fear’ region for a while now, XMR bulls have found it challenging to escape the bearish shackles.
With the selling volumes registering a spike in the last few weeks, the bears have negated the bullish efforts by pulling the coin below its long-term resistance levels.
The FTX disaster in the last month has only delayed the near-term recovery prospects of most cryptos. To sweep through these rocky waters, investors could consider including some high-potential presales that could refute the broader bearish trend. Let’s look at some upcoming crypto projects like Dash 2 Trade and RobotEra along with XMR’s potential.
Monero Price Prediction- Can XMR Find Its Way Toward $200?
The long-term resistance in the $280 region undermined most buying efforts for nearly two years. As a result, XMR’s previous pullback from this ceiling pulled the coin toward its 20-month low on 19 June 2022.
In the meantime, the XMR witnessed an eight-month bearish trendline resistance (white, dashed) in the daily timeframe. Since then, however, the buyers found renewed pressure that aided the altcoin in rising toward its high liquidity zone in the $134-$170 range.
Moreover, the 20-day Exponential Moving Average (cyan) finally looked north as it bullishly crossed over the 50-day Exponential Moving Average (green). A sustained crossover can alter the near-term narrative in favor of the bulls in the coming weeks.
Over the last few weeks, XMR swayed between a rising wedge-like structure as it compressed near its trendline resistance. A strong reversal below the trendline can delay the near-term recovery prospects. A close beyond the constraints of this barrier can set the stage for extended growth toward the $170-$200 range in the coming months.
Also, the Chikin Money Flow’s (CMF) spot above the zero mark hinted at a bullish edge in XMR’s market. But the indicator’s inability to find higher peaks has affirmed a rather bearish divergence with the price. Any decline below the zero level can refute the bullish tendencies in the coming weeks.
On the other hand, WalletInvestor’s view tilted slightly in favor of the buyers while the portal forecasted the coin to breach the $155 resistance by the end of this year. But CoinCodex took an opposing view and projected a bearish view. As per its prediction, XMR could continue its compression phase in its high liquidity region for the coming months.
From a rather long-term standpoint, the bulls could wait for a close beyond the trendline resistance before opening a long position. While the $120-$133 range could reinforce bullish rebuttals, a crack beyond the trendline can help bulls in invalidating the bearish inclinations.
Given the dependence of the bull run on the plausibility of various factors, investors may find it confusing to gauge XMR’s immediate revival ability. Consequently, investors could aim to include the following presales to diversify their portfolio and minimize risk.
Dash 2 Trade – A Leading Crypto Analysis Platform That’s Raised Over $9m
Dash 2 Trade is a leading-edge and one-stop solution crypto analytics and social trading platform. Luckily, investors still have a chance to buy the platform’s native ‘D2T’ tokens from its current presale which has entered its final stage.
This one-of-a-kind crypto analytics portal has been growing exponentially while raising over $9 million USDT through its previous presale stages that quickly sold out. The platform’s native ‘D2T’ token is at the center of Dash 2 Trade’s functionality and advanced features. To gain access to these features, users must hold the D2T tokens.
Why Should Buyers Consider Investing in D2T Tokens?
Dash 2 Trade’s best-in-class features enable users to spot profitable buy/sell opportunities in the market. To make this possible, users can have access to high-priority trading signals, winning strategies, insights from technical and social indicators, and crypto listing alerts among other things.
Access to these advanced features paves a solid path for investors to assess the likely impact of various social and technical elements on price action.
Especially when the near-term prices are governed by sentimental changes, investors seek to closely track the best cryptos to buy as per Reddit or Twitter. Consequently, the platform’s ability to effectively distribute social data can prove to be a game changer for investors.
Spotting opportunities beforehand is a definite prerequisite for investors looking for the next crypto to explode. To actualize this, however, investors may need to try and test the efficacy of their investment strategies. Dash 2 Trade’s high-level strategy builder helps users to create strong trading strategies. Furthermore, Dash 2 Trade’s backtesting platform enables traders to test the effectiveness of their strategies.
As per Dash 2 Trade’s roadmap, the platform plans to launch its dashboard while aiming to get the CEX/ DEX listing for its D2T tokens by the next quarter. As the project approaches its final presale stage, buyers should consider investing in the D2T tokens while they still have a chance to get them at a discounted price.
D2T Subscription Structure and Tokenomics
Dash 2 Trade has set up an all-inclusive subscription structure that seeks to appeal to a variety of users. The structure is as follows:
- Free Tier: The users are not required to hold any D2T tokens to access the free tier. This tier, however, does not enable users to access the automated trading tools, strategy builder, and backtesting platform among other things.
- Starter Tier (400 D2T/month): Users can access the backtesting platform, advanced on-chain metrics, presale launches, and automated trading tools but would not have full access to all its features.
- Premium Tier (1000 D2T/month or 9600 D2T/year at a 20% discount): In this tier, users will get full access to the portal’s advanced features including access to whale alerts, trading competitions, and so on.
The Ethereum-based ERC-20 D2T tokens have a supply cap of 1 billion tokens. Given the limited portion available for presale, investors should consider buying soon before the token’s anticipated price increase.
RobotEra – Revolutionizing the Web 3.0 Metaverse
RobotEra is a multi-purpose metaverse with exciting features for users to create and share. Users have the ability to manage their land and build a planet while also trading with various NFT communities.
The Metaverse platform has structured a multiverse that can also be linked to other worlds. Moreover, users can access ultra-modern museums, futuristic theme parks, concerts, and so on.
After raising over $500,000 USDT in its presale, the project has been seeing an uptick in interest from various investors.
Why Should Investors Buy TARO tokens?
Built on Ethereum’s blockchain, TARO is an ERC-20 token that is central to RobotEra’s ecosystem. Users or creators holding the TARO token would be able to trade various assets while creating and sharing unique gaming experiences.
The platform seeks to create a metaverse that entails a solid potential for the players to earn while having fun playing the same. In doing so, the players earn income through trading NFTs, staking TARO, mining, land management, and other benefits.
RobotEra’s roadmap clearly delineates its plan to get the token listed on various prominent exchanges by the end of Q4 2022. A plausible listing coupled with RobotEra’s plans to mint its NFTs on third-party websites can help pump TARO’s price in the coming times.
Out of its target amount of 90 million tokens, over 22 million tokens have already been sold at the time of writing.
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At press time, TARO can be bought at a discounted price of $0.02. The prices in the second stage are expected to rise further to $0.025. As a result, investors may want to consider buying them before it’s too late.
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