Cryptocurrency prices were mixed at the start of the week as the recent rally continued fizzled. Bitcoin continued to consolidate at $41,000 while Ethereum remained above $2,170. The total market cap of all cryptocurrencies dropped slightly to $1.57 trillion. This article looks at some top cryptocurrencies like Memeinator (MMTR), Stacks (STX), and Woo Network (WOO).
Memeinator (MMTR) analysisMeme coins have been some of the best-performing cryptocurrencies in this crypto bull run. Some of the best-performing coins were Bonk, Pepe, and Samoyedcoin. Memeinator is also doing well beneath the radar as its token sale continues.
Data posted in its website shows that Memeinator’s token has raised over $2.19 million in the past few months. It has now moved to the ninth stage as the presale period nears its end.
Memeinator’s token sale has done well for several reasons. First, the developers have unveiled a competition that will see a lucky winner go to space using Virgin Galactic, a company mostly owned by Richard Branson.
Further, the developers announced a new $100k airdrop that will see ten people win. They also announced a staking pool, where MMTR token holders will be rewarded.
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There is a likelihood that the MMTR token price will do well when it finally launches in key exchanges like Binance, Mexc, and OKX. Besides, there are signs that there is demand for meme coins, which explains why popular coins like Pepe and Bonk have surged and grown their market caps to over $500 million. You can buy the MMTR token here.
Stacks (STX) price forecastStacks price has done well in the past few days even as other coins have retreated. It jumped to a high of $1.20, the highest point since December 5th. It is now nearing the year-to-date high of $0.256.
Stacks – and Internet Computer (ICP) – have jumped sharply because of the growth of Bitcoin’s ecosystem. A closer look shows that Bitcoin Ordinals NFTs have continued growing their market share. Stacks and ICP have tools that enable developers to build on top of Bitcoin’s technology.
The 4H chart shows that the STX token price has made a strong comeback in the past few weeks. It has moved above the key resistance point at $1.1254, the highest swing on December 14th.
Stacks has also retested the first resistance of the Woodie pivot point. It has also risen above the 50-day moving average. Therefore, the outlook of the coin is to the upside, with the next point to watch being the YTD high of $1.2563.
Woo Network price forecastWOO token price has bounced back after crashing hard during the weekend. It recovered after falling to a low of $0.3530 on Sunday and then rebounded to a high of $0.4200. WOO has remained above the 50-period moving average.
It also seems like it is forming a double-top pattern, whose upper side is at $0.4578. The Relative Strength Index (RSI) has pointed upwards and is moving towards the overbought point at 70.
Therefore, the outlook for the token is bullish as investors target the double-top point at $0.4578, which is about 15% above the current level.
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