Is It Too Late to Buy Bitcoin SV? BSV Price Rockets Up 20% as New Telegram Crypto Casino Surpasses Huge Funding Milestone – Next 100x Project?
The price of Bitcoin SV (BSV) has risen by 7% in the past 24 hours, with its jump to $42.73 coming on a day when the wider cryptocurrency market has fallen by 0.5%.
BSV is also up by an impressive 28% in a week and by 33% in the last 30 days, as the altcoin benefits from anticipation surrounding the possibility of a Bitcoin ETF, with much of its trading volume in the past 24 hours coming from South Korean exchange Upbit.
Yet while BSV is one of the best-performing coins today, its rally may have already played out, while Bitcoin itself is likely to be chief beneficiary of any ETF approval.
As such, traders may prefer to turn to coins with more chance of rallying in the near future, with online casino and betting marketplace TG.Casino holding a successful presale that could end with it rallying upon listing on exchanges.
Is It Too Late to Buy Bitcoin SV? BSV Price Rockets Up 20%
Bitcoin SV is undoubtedly enjoying plenty of momentum right now, with its indicators all very hot, including a relative strength index (purple) that has passed 70 and looks like it's on its way to 80.
More promisingly, BSV's 30-day exponential moving average (yellow) has just climbed over its 200-day average (blue), a move which can signal an incoming breakout.
Given that BSV is only 3.5% above its price at the start of the year, it could certainly rally some more in the coming days, although this will depend on whether it can break through its current resistance level (red), at around $45.
If it does, then it could amass further momentum en route to $50, which would make for its highest level of 2023.
However, the fact that BSV's indicators are already hot may suggest that it's about to correct itself downwards, meaning that now may not be the ideal time to buy into the coin.
But if a Bitcoin ETF is finally approved by the SEC, then it could rally again very soon, even if Bitcoin (BTC) would be the main winner in such a scenario.
New Telegram Crypto Casino Surpasses Huge Funding Milestone – Next 100x Project?
Assuming that BSV's current rally may have already peaked, many traders may prefer to look towards other altcoins, particularly newer tokens that potentially have above-average rallies in them.
This includes presale coins, which can often surge when listing on exchanges for the first time, as witnessed this year by Wall Street Memes (WSM), which more than doubled its final presale price when listing at the end of September.
And one of the most promising coins still holding its presale at the moment is TG.Casino (TGC), a decentralized casino platform that has raised more than $1.25 million in only a few weeks.
This impressive raise is testament to TG.Casino's interesting concept, which has clearly attracted a growing pool of investors and supporters.
In particular, what distinguishes TG.Casino's from many of its rivals is that it operates largely on Telegram, harnessing the social messaging app so as to grow a big community of users and holders.
On top of this, TG.Casino has already launched its online casino, which features a wide array of games, from classic card-based fare to more modern experiences.
And because the platform is based on Telegram, it has a strong social element, something which encourages players to keep coming back for more.
Also incentivizing more engagement is the TGC token itself, which can be staked to earn a passive income, and which will also be used by TG.Casino to pay out winnings.
As a token, TGC will have a hard supply cap of 100 million, with 40% of this total has been allocated to the presale, whereas 20% and 10% will go to staking and gaming rewards, respectively.
New investors can get involved by making their way to the official TG.Casino website and connecting their crypto wallets, such as MetaMask.
1 TGC costs $0.125, although this is set to rise in just under three days, while the token's later listing on exchanges could push even higher.
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.
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