Is It Too Late to Buy BENJI? Basenji Price Soars 86%—Next Crypto to Explode?

Basenji Price Surges 86%: What You Need to Know

The Basenji price has surged by 86% in the last 24 hours, reaching $0.04403 as of 2:10 a.m. EST. This price jump comes with a significant increase in trading volume, which has skyrocketed by 195%, bringing it to $11.55 million.

Basenji is a dog-themed cryptocurrency project, representing the oldest dog breed in history. With the chain name “BASE,” it aims to be the SHIB of the BASE blockchain, emphasizing its ambition and perceived potential.

Why Did Basenji’s Price Surge?

The project’s recent price increase coincided with a surge in Bitcoin, which reached a new all-time high of $107,780. Although Basenji (BENJI) launched earlier this year, it had remained a small-cap cryptocurrency until now, with its market cap currently at $36.74 million. With the next major bull run expected soon, investors are beginning to take notice of Basenji, driving up its price.

Basenji Price Prediction

In the last 24 hours, the BENJI price surged to around $0.05660. However, it faced resistance at $0.050, which led to a price correction to the $0.040 support level. From there, it bounced back to $0.045, where it is now struggling with another resistance.

The project’s Bollinger Bands have started to narrow, indicating uncertainty among traders. While the price had been pushing the upper band, it has since dropped below the middle line. The Relative Strength Index (RSI) has also fluctuated from a highly overbought position at 90 to a neutral zone around 50, reflecting the volatility and indecision in the market.

This indicates that while some investors have taken profits and sold their positions, short-term trading activity persists. With Bitcoin showing an upward trend, there could be potential for Basenji to see a recovery in the near future, but the outcome remains uncertain as traders wait for clearer signals.

Promising Alternative: Catslap (SLAP)

If you’re looking for a promising alternative to Basenji, consider Catslap (SLAP), a new meme coin that has gained traction recently. Catslap’s success stems from its interactive slapping game, where users earn SLAP tokens by clicking to make the mascot slap various entities. The project introduced a “Slap-To-Earn” feature, enabling users to earn SLAP tokens with each click. This feature helped generate over a billion slaps, rapidly growing its community.

• Catslap has attracted attention from major crypto influencers, such as YouTuber ClayBro, who believes that SLAP has 10x potential.
• SLAP has recently dipped 50% in value following a Bitcoin price correction, but many believe it is currently undervalued.
• With the next bull run expected in early 2025, and the Christmas rally possibly already underway, now may be the best time to buy SLAP tokens.
• The project is preparing a major announcement in just two days, with speculation that it could involve a listing on major exchanges like Binance or Coinbase, which could cause its value to surge.

Conclusion

While Basenji’s recent price surge has caught the attention of investors, its future performance remains uncertain, with traders currently in a state of indecision. For those looking for a potential alternative, Catslap (SLAP) presents an exciting opportunity, especially with its active community and potential upcoming exchange listings. As always, it’s essential to conduct thorough research and consider market trends before making any investment decisions.