Decentralized Internet of Things (IoT) project Helium Network (HNT) has experienced a significant surge in its price, leaving many wondering if it’s too late to buy Helium. The recent increase in HNT’s value can be attributed to the launch of Helium Mobile, which offers unlimited use across the Helium network for $20 per month. This new consumer product has garnered a lot of interest and excitement, as it marks a major milestone for Helium after years of development. However, before making any investment decisions, it is essential to carefully analyze the current state of Helium Network.
At present, Helium Network is trading at $8.99, reflecting a 24-hour change of +2.96%. This surge in price marks a breakthrough from a 15-month period of downside price action, where HNT hit a floor price of $1.33. The current price levels have not been seen since August 2022, indicating a potential stabilization above the $9 historical support level. From a technical perspective, Helium Network has displayed resilience, with strong support from the 20DMA at $5.34, which experienced a golden cross with the 200DMA at $1.97 in early November.
Despite these positive indicators, caution is necessary as the RSI is showing signs of overheating, currently standing at 82. This suggests the need for a retracement and a potential correction in the near future. However, the MACD is displaying bullish divergence at 0.3643, indicating a significant momentum. While HNT appears to be strong, it may be over-extended at its current levels. A minor retracement to support is expected, with a topside target at psychological resistance around $10.
Considering the current market conditions, Helium Network carries a risk: reward ratio of 0.46, implying a higher downside risk for potential buyers. This suggests that it could be too late to buy HNT at this time. Despite the unfavorable risk profile, an emerging crypto presale is catching the attention of smart money investors.
Telegram trading bots and GambleFi have dominated September’s narratives, but the TG.Casino ($TGC) presale is gaining significant traction. The presale has already raised $4,697,701, which is 79.3% of the total funding goal. TG.Casino stands out as an intricately crafted ecosystem that combines the excitement of the crypto casino world with the decentralized nature of blockchain technology.
TG.Casino is a licensed casino that seamlessly integrates into Telegram, a platform with over 700 million users. Its user-friendly interface, combined with a no-KYC protocol, makes it appealing to both newcomers and experienced cryptocurrency enthusiasts. The wide range of offerings, including live Telegram casino games, slot machines, table games, and an expansive sportsbook, ensures an immersive experience for users. Additionally, the 150% matched deposit bonus on the first deposit and 500 free spins add further enticement.
From a security standpoint, TG.Casino ensures robust protection against potential threats by encrypting all user data and funds. The $TGC token serves as the beating heart of this dynamic ecosystem, facilitating instant transactions and playing a pivotal role in the TG.Casino framework. Furthermore, the presale offers a staking APY of 142%, which has already attracted over a million tokens within a day of its launch.
The process of purchasing TG.Casino tokens is simple and straightforward. The steps include:
Step 1: Visit the official website of TG.Casino.
Step 2: Set up a crypto wallet that supports ERC-20 tokens, as TG.Casino tokens adhere to this standard.
Step 3: Purchase Ethereum (ETH) or Tether (USDT), as these are the tokens used to exchange into TG.Casino tokens.
Step 4: Connect your wallet to TG.Casino’s presale dashboard.
Step 5: Indicate the amount of TG.Casino tokens you wish to purchase and confirm the trade.
Step 6: Claim your TG.Casino tokens after the presale ends.
The TG.Casino presale presents a unique opportunity to enter the world of Telegram GambleFi. The project’s tokenomics supply, distributed through the presale, liquidity pools, staking rewards, and player rewards, combined with a staggering 142% APY, positions TG.Casino for success in the GambleFi sector. Its comprehensive ecosystem, enticing financial benefits, and user-centric approach make it an appealing prospect. However, it is important to conduct thorough research and make informed decisions before investing in any high-risk asset class, including cryptocurrency.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrency investments carry a high level of risk.
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