Bitcoin
Bitcoin (BTC)
$65,235.00 3.06788
Bitcoin price
Ethereum
Ethereum (ETH)
$3,473.74 2.46496
Ethereum price
BNB
BNB (BNB)
$579.19 2.20588
BNB price
Solana
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$161.65 3.9001
Solana price
XRP
XRP (XRP)
$0.6202820 11.3624
XRP price
Shiba Inu
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$0.0000193 1.57023
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000120 1.57899
Pepe price
Bonk
Bonk (BONK)
$0.0000280 4.9236
Bonk price
Bitcoin
Bitcoin (BTC)
$65,235.00 3.06788
Bitcoin price
Ethereum
Ethereum (ETH)
$3,473.74 2.46496
Ethereum price
BNB
BNB (BNB)
$579.19 2.20588
BNB price
Solana
Solana (SOL)
$161.65 3.9001
Solana price
XRP
XRP (XRP)
$0.6202820 11.3624
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000193 1.57023
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000120 1.57899
Pepe price
Bonk
Bonk (BONK)
$0.0000280 4.9236
Bonk price
Bitcoin
Bitcoin (BTC)
$65,235.00 3.06788
Bitcoin price
Ethereum
Ethereum (ETH)
$3,473.74 2.46496
Ethereum price
BNB
BNB (BNB)
$579.19 2.20588
BNB price
Solana
Solana (SOL)
$161.65 3.9001
Solana price
XRP
XRP (XRP)
$0.6202820 11.3624
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000193 1.57023
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000120 1.57899
Pepe price
Bonk
Bonk (BONK)
$0.0000280 4.9236
Bonk price
Bitcoin
Bitcoin (BTC)
$65,235.00 3.06788
Bitcoin price
Ethereum
Ethereum (ETH)
$3,473.74 2.46496
Ethereum price
BNB
BNB (BNB)
$579.19 2.20588
BNB price
Solana
Solana (SOL)
$161.65 3.9001
Solana price
XRP
XRP (XRP)
$0.6202820 11.3624
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000193 1.57023
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000120 1.57899
Pepe price
Bonk
Bonk (BONK)
$0.0000280 4.9236
Bonk price

Azalea’s MOTHER Token Could Slump Despite Magic Eden Integration

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Azalea’s MOTHER Token Could Slump Despite Magic Eden Integration

Rapper Iggy Azalea’s MOTHER token is gaining traction among traders and speculators.

MOTHER token’s price has surged by over 2,900% from its all-time low, giving it a market cap of over $153 million. Rapper Iggy Azalea, best-known for singles like Fancy, Black Widow, and Work, has become the latest sensation in the crypto industry. 

This week, she hyped MOTHER, a token she hopes will become a leading cryptocurrency in the industry. As crypto.news reported earlier this week, she believes that the token will be used for commercial purposes like buying smartphones and cell plans

MOTHER has continued to gain traction. In an X post on Thursday, it was reported that the token will be integrated in Magic Eden, one of the top NFT marketplaces in the industry. This integration means that users will be able to buy NFTs in the ecosystem using the new token.

https://twitter.com/MagicEden/status/1801267256338313706

The token has also achieved other milestones in the past few weeks. Azalea hired Fenwick, a leading law firm to help compliance with the law and scaling. It has also been listed by several DEX and CEX platforms like Helix, Kamino, Bitget, and HTX.

Still, its popularity has raised questions about the future of celebrity-backed cryptocurrencies. Recently, Davido, a Nigerian singer launched a token that crashed after he cashed out. Caitlin Jenner’s token has also crashed.

At the same time, the number of similar tokens has soared. There are now many tokens targeting politicians like Joe Biden and Donald Trump. MAGA HAT and MAGAA tokens are taking advantage of the ongoing political season.

Some analysts believe that celebrities meme coins have become the new NFTs, an industry that has almost collapsed. Data by CryptoSlam shows that the total NFT sales have dived by double-digits in the past 30 days. Ethereum and Solana handled $158 million and $79 million worth of tokes in this period, down by 52% and 46%, respectively.

MOTHER Token price forecast

MOTHER TOKEN price

On the hourly chart, we see that the MOTHER token price peaked at $0.2613 on June 6th. It has now dipped by more than 40% from that point. 

The token has formed a symmetrical triangle pattern, which is nearing its confluence level. It is also hovering at its 25-period and 50-period moving averages while the RSI has dropped below the neutral point of 50.

Therefore, the token’s outlook is bearish with a bearish bias. A drop below the lower side of the triangle will point to more weakness, with the next reference level to watch being at $0.10. This price is about 36% below the current level.