Deep dive into the latest MUBI price analysis as BRC-20 tokens surge across the crypto market. As BRC-20 shifts to bullish strength, in this article, find out what’s going on with MUBI crypto and uncover a hidden gem BRC-20 opportunity.
With Bitcoin on the move and on the brink of breaking its all-time high of $74,000 and Bitcoin Runes’ massive explosion, is it time for BRC-20 to make a comeback as well? Let’s check out the MUBI chart to see if we can gain some insight.
$MUBI Locked and loaded, will see you higher up 🎯 pic.twitter.com/fyORHdS5z4
— €ｕｒｏＳｎｉｐｅｒ (@TheEuroSniper) June 4, 2024
MUBI Price Analysis: As MUBI Crypto Shifts to Strenght – Will BRC-20 Resurgence Fuel Major Upside Move?
When MUBI was first created on BRC-20, it quickly became popular and reached a market cap well above $300M in one month.
Since then, consolidation has been quiet for the past few months. However, everything might be about to change.
(MUBIUSDT)
As we can see on the chart, MUBI has made higher lows for the last week, as indicated by the white arrows, and is currently testing the 30-day moving average.
A moving average is simply the average closing price of candles divided by the amount chosen, in this case 30, as it’s commonly used.
As you can also see on the chart, it’s been acting as resistance and support for the price to cross. I have indicated this with blue arrows.
RSI also indicates a breakout could be imminent by attempting to cross 50. With RSI, it’s very simple. 30 and below is oversold. 70 and above is overbought. Below 50, bearish territory, and above 50, we can begin to become bullish. This is a good sign!
Furthermore, as MUBI price analysis indicates in the grey box, An important support area for people to add to their MUBI bags and for price to hold. The support area is between $0.065 and $0.08, which is crucial for MUBI!
MUBI Price Prediction: What’s Next for MUBI Price Amid BRC-20 Price Revival?
A breakout for MUBI would be closing a daily candle above its 30-day moving average, sending MUBI up to the trendline marked on the chart. A break above the trendline should send it straight to its all-time high.
So what is MUBI and why is it important to the BRC-20 ecosystem?
MUBI is short for MultiBit and is a bridge that allows users to easily bridge crypto to the BRC-20 ecosystem.
It also allows BRC-20 tokens to be interoperable with other networks, meaning you can trade a BRC-20 token on Ethereum or Solana if you want to, making MultiBit very significant for the BRC-20 network!
DISCOVER: How to Buy Bitcoin Anonymously With No KYC in 2024
Don’t Miss: This Viral BRC-20 Presale Has Surged to Almost $2M Raised As Learn-2-Earn Mechanism Strikes Chord With Retail Investors
In other BRC-20 news, retail investors across the market are taking note of a new learn-2-earn presale that is rapidly approaching an impressive $2M raised.
Born from the OG legacy of Bitcoin education site 99Bitcoins, the new 99BTC token has attracted viral traction from a range of crypto influencers, with many labeling it a high-growth project to target for 2024.
But what’s all the fuss about? At the heart of this presale offering is a freshly-built interactive Bitcoin and crypto education course, aimed at onboarding an entire new generation of traders and investors over the coming year.
🎉 Major milestone alert! 🎉
We've raised over $1.9 million in our $99BTC presale so far! 🔥
Don't miss out on this opportunity to get in early. 🚀
Join now! 👉 https://t.co/9aJ5rE5LY3#99Bitcoins #CryptoCurrency #BTC pic.twitter.com/EtSqtEd31J
— 99Bitcoins (@99BitcoinsHQ) June 5, 2024
However, this is education with a twist – people don’t join crypto to read books; they join crypto to make money.
In recognition of that, 99Bitcoins is incentivizing education amongst new retail traders with the launch of its learn-2-earn mechanism.
This leaves the 99BTC token poised for big value accrual in the year ahead, as it positions to become a well-known project amongst new investors, in a similar approach to Base Chain’s launch as a shoot-off from the well-known Coinbase platform – which is angled to capture the lion share of new crypto users.
But beyond that, the 99BTC token is also expected to grow due to its prominence and dedicated team within the BRC-20 space, which is already going a mini-bull run as a Bitcoin beta play.
So don’t miss out on this early bird opportunity.
EXPLORE: PEPE Price Analysis – Is Pepecoin On the Verge of MAJOR Retracement Move?
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.
