[New Token] 1 IGU = $0.157 USD -- Is the alligator about to become more aggressive as it approaches its prey?

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_{(Chart by TradingView)}

Until mid-June, the price of IguVerse had been slowly declining, like an alligator crawling down a riverbank. It reached a low of around $0.03. However, after that, the price suddenly began to rise rapidly, like an alligator lunging out of the water. The price has continued to rise to its current level.

In addition, the Moving Average Convergence Divergence (MACD) indicator is also pointing to a strong uptrend. This suggests that the price of this asset is likely to continue to increase.

However, the Stochastic Relative Strength Index (RSI) has started to move into the overbought zone, which suggests that the asset price may have risen above its intrinsic value. This is because the RSI measures the speed and magnitude of price changes, and when it moves into the overbought zone, it indicates that the asset price has been rising rapidly. As a result, there is a risk that the asset price could soon decline.

The alligator's mouth is now agape, pointing upwards. Could this mean that it is about to become more aggressive as it approaches its prey?

Let's have this IguVerse alligator accompany us on our journey.

About IguVerse (IGU)

The cryptocurrency IguVerse (IGU), is a BEP-20 token that is used on the IguVerse platform, which is a GameFi app that redefines the whole concept of NFT using AI/ML technologies. Unique user-generated NFTs will become the new standard NFT 2.0, dethroning faceless collections.

In the GameFi app, they introduce an innovative game mechanic Socialize to Earn, along with two more Earn concepts - Move to Earn and Play to Earn, where users can complete simple tasks like sharing pet photos on social media or walking and feeding them to get rewards.

IguVerse is a relatively new cryptocurrency, having only been launched in February 2022. It has a market capitalization of around $8 million and is currently ranked #799 on CoinMarketCap. The price of IGU has been on a bull run in recent months, reaching an all-time high of $0.24 in May 2023. However, it has since pulled back and is currently trading around $0.16.

Whether or not IguVerse is a good investment is difficult to say. It is a new and untested cryptocurrency, so there is no guarantee that it will be successful in the long term. However, the team behind IguVerse seems to be experienced and has a clear vision for the project. Additionally, the GameFi app has the potential to be popular, as it offers a unique and innovative way to earn rewards.

Ultimately, the decision of whether or not to invest in IguVerse is up to you. Do your own research and make sure you understand the risks involved before making any investment decisions.

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