BlackCardCoin (BCCOIN) is today’s biggest winner on CoinGecko and Coinmarketcap, with remarkable gains of 77% in the last 24 hours. It is outperforming the global cryptocurrency market, which is up 9.70%.
The asset could rise on news that its team injected $600,000 in liquidity into PancakeSwap, consisting of 100,000 BCCOIN and $300,000 in USDT. This is part of a strategy to make the token more accessible to investors, potentially leading to further growth.
🚀 $BCCOIN 🤝 #PancakeSwap – Liquidity Boost! 🚀
🔥 We’ve just injected **$600K in liquidity** into PancakeSwap, comprising **$300K in $USDT** and **100K $BCCOIN**! 🔥
This strategic move enhances accessibility for a broader investor base and sets the stage for significant… pic.twitter.com/nV5mk0WLcv
— BlackCardCoin (BCCoin) (@BlackCardCoin) August 14, 2024
BCCOIN is about 91% off from its all-time high of $31.21, recorded on April 28. However, it is well above its all-time low of $0.5928, which it hit four days ago. At $2.84, it’s now 380% higher.
BlackCardCoin (BCCOIN) was designed to work seamlessly with the BlackCard, a crypto credit card that enables users to carry out straightforward crypto transactions. BlackCard aims to make crypto credit card transactions as easy as fiat ones.
The BCCOIN ecosystem reserves substantial funds for user rewards to make holding the asset increasingly beneficial. Strategic distribution ensures long-term ecosystem viability and growth. BlackCardCoin is available for trading on Bitget, MEXC, gate.io, and other exchanges.
BlackCardCoin (BCCOIN) price prediction
All technical indicators point to a buy. However, it’s important to exercise caution. The 10-day exponential moving average is 1.587 compared to a 50-day EMA of 4.225. This indicates a recent price decline.
The EMA 10 is much lower than the EMA 50, which means BCCOIN’s price in the last ten days has been significantly lower than the price over the longer term. This could reflect only the recent all-time low, but it might indicate an impending downtrend.
Some traders see a shorter EMA crossing below a longer EMA as a sell signal. Although there is no death cross in this case, the significant gap between the two EMAs suggests a strong sell-off and a bearish outlook.
At press time, oscillators have turned from “buy” to “neutral,” suggesting bullish momentum is weakening. The price could be at a turning point. It has broken past the first Camarilla resistance level of 2.264. The next one to watch is 3.472.
