The Len Sassaman price plunged more than 24% in the last 24 hours to trade at $0.000000000009047 as of 5:30 a.m. EST as investors dump their holdings in the altcoin.
Initially, the LEN price surged after news that an HBO documentary to be aired on Oct. 8 might reveal that Len Sassaman is Bitcoinâs creator, Satoshi Nakamoto.
This jump in price was brought to an abrupt halt when an old tweet by Sassamanâs wife resurfaced online. In her post, she said that she does not believe that her husband created the pioneering crypto and its underlying blockchain.
Len Sassamanâs wife doesnât think he is Satoshi pic.twitter.com/T2WFm1HcPQ
â borovik (@3orovik) October 6, 2024
Polymarket odds of Sassaman being revealed as Bitcoinâs creator in an upcoming HBO documentary have also fallen 3% in the last 24 hours.Â
The Len Sassaman Price Enters Consolidation
1-hour chart for LEN/USD (Source: GeckoTerminal)
The Len Sassaman price has entered a consolidation phase between $0.000000000007876 and $0.000000000014555. As the crypto oscillates within this sideways range, traders might be accumulating the token before initiating a strong move to the upside. If this is the case, LEN could break above $0.000000000014555 and soar to the next mark at $0.000000000035480.
This bullish move might not happen if sellers continue to dump their holdings in the crypto. In a more bearish scenario, the Len Sassaman price could end up falling below the $0.000000000007876 support and enter into a price discovery phase towards the downside.
Buyers Seem To be Regaining Control Of The Len Sassaman Price
From a technical perspective, short-term indicators suggest the Len Sassaman price might rise in the next few hours. Bulls seem to be building up momentum, as suggested by the Moving Average Convergence Divergence (MACD) indicator on the 1-hour chart.Â
Recently, a gap has started to emerge between the MACD and MACD Signal line, with the prior breaking away above the latter as well. This growing space between the two technical indicators could be a sign of buyers accumulating strength against sellers. If this trend continues, LEN might start to climb.
Meanwhile, the 9 Exponential Moving Average (EMA) is currently providing the Len Sassaman price with technical support. The cryptoâs positioning above this line might be seen as a bullish sign by traders, provided LEN remains above the 9 EMA for the next few hours.
As LEN consolidates, the presale for vote-to-earn meme coin Flockerz (FLOCK) is closing on the $500K milestone.Â
Giving Investors Full Control Of The Projectâs Future
Many projects in the crypto space claim to be decentralized, but this is often not the case. Through its vote-to-earn mechanism, Flockerz (FLOCK) achieves true decentralization and puts the decision making power in the hands of its holders.
Each FLOCK token gives investors a say in the projectâs future direction. Whatâs more, investors will be rewarded with additional FLOCK tokens every time they cast a vote. This incentivizes community members to stay engaged with Flockerz over the long term, something which many projects struggle to get right.Â
Experts and analysts are bullish on FLOCK. In a recent video to his 130K subscribers, popular YouTuber ClayBro predicted that the meme coin could generate as much as 50X returns for investors.
Attractive Staking Rewards Pulling Investors In
Flockerz has raised over $495K through its ongoing presale so far, as investors rush to buy the new token at ICO prices. A major reason behind this investor frenzy could be the 3,813% Annual Percentage Yield (APY) on offer to anyone who buys and stakes FLOCK at this early stage.
Flockerz is about to fly. Let's take a selfie to remember this moment shall we? pic.twitter.com/3MjDkWzmmG
â Flockerz (@FlockerzToken) October 6, 2024
To become eligible for these rewards, investors will first need to acquire the token using the simple buy widget embedded on the projectâs website.
Selling for $0.005724, FLOCK can be bought with either ETH, USDT, BNB or bank card. Once purchased, the tokens will need to be locked up through the websiteâs staking page for investors to start earning passive rewards.
Potential buyers who want to lock in the best rate will want to act fast because FLOCKâs price is scheduled to increase with each subsequent stage of its ICO. The next price hike will happen in less than 3 days.
Purchase and stake FLOCK for the 3,813% APY before its price increases.Â
Related Articles:
Meme Coins Soar 9% As Crypto All-Stars Surges Past $2 Million In Presale
Bitcoin And Gold May Gain From Geopolitical Tensions, US Election As Investors Brace For âCatastrophic Scenario,â JPMorgan Says
Popcat Price Prediction: POPCAT Pumps 19%, But Traders Flock To This Rival For 3,841% APY
