2023-12-5 11:00 |
It is a good to be a crypto investor as prices continue pumping. Bitcoin has already jumped to a multi-month high of $41,000 while the total market cap for all coins tracked by CoinGecko is approaching $1.6 trillion. This rally has led to a surge of most cryptocurrencies like Aurora, Big Time, and Supeverse.
Aurora price forecastAurora is a big blockchain project that exists in the Near Protocol ecosystem. It is an Ethereum-compatible network that enables developers to build quality applications in all industries like decentralised finance and gaming.
Developers use Aurora for its quick speeds and low transaction costs. The average transaction time in Aurora is less than 1 second while the average cost is less than $0.02. Aurora has many dApps in its ecosystem, with some of the most notable ones being Arctic, AuditOne, 1Inch, and Atomic Green.
Aurora price jumped sharply after the developers unveiled Aurora Cloud, a platform that helps developers build their customised chains, remove gas fees from users, and monitor infrastructure in real-time.
Turning to the daily chart, we see that the Aurora crypto price has been in a strong uptrend in the past few days. Most of these gains happened on Monday as the token surged to a high of $0.345, the highest point since February 2023.
As it rose, Aurora jumped above all moving averages while the Relative Strength Index (RSI) has risen to the overbought level. Therefore, I suspect that Aurora price will pull back in the near term as some of the buyers start taking profits. If this happens, it will likely retest the support at $0.200.
Aurora chart by TradingView
SuperVerse price predictionSuperVerse, formerly known as SuperFarm, has done well in the past few months. Its SUPER token has soared to a high of $0.6340, the highest point since April 2022. This rally has brought its total market cap to over $277 million.
SuperVerse is in the gaming industry, where it owns a game known as Imposters, which is a play-to-earn game. Turning to the daily chart, we see that the SUPER crypto price has surged from a low of $0.070 in September to $0.6340 on Monday.
SuperVerse has jumped above the 50-day and 100-day moving averages. Also, the Relative Strength Index (RSI) and the Stochastic Oscillator have moved to the overbought levels. Therefore, while the long-term trend is bullish, there is a likelihood that the token will retreat in the near term as traders take profits.
SUPER chart by TradingView
Big Time price forecastBig Time is another gaming token that is doing well. It is a play-to-earn game that is gaining strong momentum among investors. The 4H chart shows that the Big Time crypto price has surged from $0.1022 in November to $0.65.
On the 4H chart, the token has jumped above the 50-period and 25-period moving averages while the Relative Strength Index (RSI) has moved to the extreme overbought point of 95.
Therefore, the Big Time price rally will likely take a breather this week as sellers target the key support at $0.50.
Big Time chart by TradingView
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