Cryptocurrencies had a good week with Bitcoin almost hitting $60,000. Toncoin was trading at $7.23 and Solana rose to $146. The prices went up as investors bought more and due to liquidations by the German government and Mt. Gox wallets. The US also published an inflation report showing falling consumer prices.
Solciety, a Solana meme coin, raised over $863k from investors in less than two weeks. Solana’s price hit a low of $122.10 before bouncing back to $140. It formed a double-bottom pattern and found strong support at the 200-day EMA. The MACD and RSI indicators also showed bullish signals, indicating a potential uptrend with a key resistance level at $155.
Toncoin has been performing well this year, dropping to $6.36 last Friday before showing signs of a potential bearish breakout. The MACD and RSI indicators suggest a bearish divergence pattern, hinting at a possible downward trend in the coming weeks.
Solciety, a new Solana meme coin, is currently in its presale event, aiming to combine NFTs, meme culture, and Solana meme coins. It has raised over $870k and plans to become a top political meme coin. Unlike other political meme coins, Solciety is politically neutral, allowing supporters of any candidate to invest in the SLCTY token. It features a meme generator for users to create political memes and earn SLCTY tokens. Additionally, augmented reality features will be introduced as the network grows.
Overall, the cryptocurrency market continues to show potential for growth and innovation, with new coins like Solciety entering the space and offering unique features to investors and users alike.