Leading Chinese layer-1 Neo has exploded in a massive +34% move, but as NEO price pushes up, is it too late to buy NEO?
Known colloquially as ‘Chinese Ethereum’, NEO price has enjoyed a strong resurgence throughout the market-wide rally in ‘Uptober’.
Neo founder @dahongfei has unveiled the details of an EVM-compatible sidechain, with plans for TestNet to launch at the end of the year. https://t.co/6dCdV1entj
— Neo News (@NEOnewstoday) October 28, 2023
NEO’s recent price action has been fuelled by a major announcement by founder Da HongFei on October 27, which revealed that NEO is launching sidechains that eliminate MEV activity and blockchain censorship – giving a use-case to NEO’s settlement token GAS.
NEO Price Analysis: As NEO Posts +34% Rally Move is It Too Late to Buy NEO?
As NEO price battles resistance, NEO is currently trading at a market price of $12.47 (representing a 24-hour change of -5.25%).
This comes as NEO appears to have been rejected from a second-test of resistance at $15, a historic layer of resistance that rejected NEO price back in Mid-April.
With a two-pronged rejection, technical structure weakens, suggesting that NEO price could be heading into a retracement move on the short-time frame.
However, on the tail end of an impressive 136% rally from lower trendline support at $6.50, a proper retracement could be healthy – even in defiance of an ATH GAS to NEO balance.
Lower supports abound following the significant pump, with $11.37 emerging as a likely support level, still +16% above the 20DMA (which undertook a golden cross on November 5).
This would be timely for NEO’s RSI, which has been overheated significantly for 16-days at a technically oversold signal (currently 73.28).
While the MACD remains reflecting the bullish momentum behind the recent rally at 0.35.
Overall, NEO looks bullish here – but overdue a period of retracement and consolidation to improve over-extended technical structure.
NEO’s upside target remains at $12.75 (representing a possible +3.85%).
While downside risk stands at $11.37 (a potential loss of -10.68%).
This leaves NEO price with a risk: reward ratio of 0.36 – a bad entry that would benefit from patience on the chart.
But while NEO seems ripe for a retracement move, investors are flocking to a brand-new telegram casino token that is poised to replicate the success of leading GambleFi token Rollbit.
Top Rollbit Alternative? This GambleFi Crypto Presale Just Accelerated Past $1.8M
As Telegram trading bots and GambleFi dominate September’s narratives, the TG.Casino ($TGC) presale is gaining significant attention – racing to $1,800,915 raised in just two weeks, here’s why it should be on your radar.
TG.Casino isn’t just another quick Telegram bot pump-and-dump it’s an intricately crafted ecosystem that marries the thrill of the crypto casino world with the decentralized edge of blockchain.
By being a fully licensed casino that integrates seamlessly into Telegram, which boasts over 700 million users, the reach and potential are undeniable.
The ease of use, amplified by a no-KYC protocol, makes it an alluring proposition for both novices and crypto veterans with easy onboarding ensuring a seamless road to new user growth.
With a range of offerings, from thousands of live Telegram casino games, slot machines, and table games to an expansive sportsbook, ensures an immersive experience.
And for those keen on kick-starting their journey, the 150% matched deposit bonus on the first deposit plus 500 free spins is the cherry on top.
From a security standpoint, users can rest easy – all data and funds are encrypted, ensuring robust protection against potential threats.
While the $TGC token not only facilitates instant transactions but also serves as the beating heart of this dynamic ecosystem.
Biggest GambleFi Presale TG Casino Presale: TG.Casino APY Outperforms NEO Price Pump
The presale is where things get even more intriguing as the offered staking APY is nothing short of spectacular, standing proudly at 294%.
Given that over a million tokens have been staked within a day of the presale launch, the momentum is palpable.
And a well-conceived buyback mechanism ensures price stability and regular rewards, a win-win for the community.
The $TGC token’s utility is another aspect to spotlight – beyond its primary function in the casino world, its adaptability – be it swapped for gaming credits or other cryptos – adds layers to its potential growth.
Its role in transactions, from deposits to withdrawals, signifies its pivotal role in the TG.Casino framework.
How to Buy TG Casino Early?
Step 1 – Go over to their official website
The first thing you want to get correctly is going over to their official website.
Step 2 – Create a Crypto Wallet
You need to set up a crypto wallet, and it’s important to chose a wallet that supports ERC-20 tokens as this is TGC Standards.
Step 3 – Purchase ETH or USDT
Next is to purchase some Ethereum (ETH) or Tether (USDT), as these are the tokens used to exchange into TGC.
Step 4 – Connect Wallet to Presale Dashboard
Go to TG.Casino’s website and click on the ‘Connect Wallet’ button. A pop-up box will appear, in which investors can choose their wallet provider and link their wallet to the presale dashboard.
Step 5 – Buy TG.Casino Token
Investors will see an order box on-screen where they can either select ETH or USDT (or buy on BSC) to use for the exchange. Investors also need to decide the amount of $TGC coin you want to buy; the minimum investment is 1,000 $TGC. After making sure that everything is accurate, confirm the trade.
Step 6 – Claim TG.Casino Token
Once TG.Casino’s presale has ended, there will be a Token Generation Event (TGE), where investors can claim their purchased tokens by clicking the ‘Claim’ button on TG.Casino’s homepage. That’s all for how to buy TG.Casino.
TG Casino’s Unrivalled Tokenomics Could Trigger Biggest GambleFi Moonshot
To wrap it up, TG.Casino ($TGC) presale is not just an opportunity; it’s a front-row ticket to the future of Telegram GambleFi.
With tokenomics supply – fairly distributed across the presale, liquidity pools, staking rewards, and player rewards – and the additional bolster of TG Casino’s jaw-dropping 294% APY – this project is positioned to become a huge name in the GambleFi vertical.
Its blend of a comprehensive ecosystem, enticing financial benefits, and user-centric approach make it a tantalizing prospect. But as always, arm yourself with research, and here’s to successful ventures ahead!
Dive into the TG.Casino Presale Now.
Buy $TGC Here
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
Read the full article here