(Chart by TradingView)
The Ultimate Moving Average of IguVerse against Bitcoin's price had been on a downward trend, reaching a low of around ₿1000 Satoshi on June 11. However, the price then began to surge, before falling back slightly.
The SuperTrend indicator, which had been suggesting that investors sell for about two weeks, recently changed to suggest that investors buy. This could be a sign that the market is about to enter a period of growth.
Despite the recent price movements, the Squeeze Momentum indicator continues to signal a bearish trend. This suggests that the market is still consolidating and could be due for a further decline.
The price of IguVerse in terms of Bitcoin is a moving target, and it is difficult to say whether the trend will continue to rise.
There are a number of factors that could affect the price, including the overall market sentiment for cryptocurrencies, the performance of Bitcoin, and the development of the IguVerse platform.
Ultimately, only time will tell whether the price trend will continue.
Let us jointly track the fluctuations of IguVerse in relation to Bitcoin prices.
About IguVerse (IGU)
IguVerse cryptocurrency is a decentralized ad platform that uses AI and ML technologies to redefine the whole concept of NFT. Unique user-generated NFTs will become the new standard NFT 2.0, dethroning faceless collections.
IguVerse also has a GameFi app that allows users to complete simple tasks like sharing pet photos on social media or walking and feeding them to get rewards. The app introduces an innovative game mechanic called Socialize to Earn, along with two more Earn concepts - Move to Earn and Play to Earn.
IguVerse is currently ranked 2,412 on CoinMarketCap with a market capitalization of $425.75 million. Its current price is $0.0755 USD.
Here are some of the pros and cons of IguVerse:
Pros:
- Unique user-generated NFTs
- Innovative game mechanic Socialize to Earn
- Low market capitalization, which means it has the potential to grow significantly in value
Cons:
- Relatively new cryptocurrency, so it is not as well-established as some of the more popular cryptocurrencies
- The app is still in development, so there may be some bugs or glitches
Overall, IguVerse is a promising cryptocurrency with a unique value proposition. However, it is important to do your own research before investing in any cryptocurrency.
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