The three cryptocurrency that were launched recently have rapidly gained popularity. However, despite this, they have experienced serious market value losses. While UBC’s market value fell by 45 percent, the altcoin $1 fell by 65 percent and JAK fell by 80 percent. However, the RSI levels of these altcoins are giving potential recovery signals. Here are the details
First on the List: Universal Basic Compute (UBC)
UBC has reached over 18,000 investors in just four days since its launch. UBC, which has attracted attention in the Solana ecosystem, has started off strong with 37,000 daily transactions. However, its market cap has dropped by 45% in the last 24 hours, from $48 million to $34 million.
With the RSI level currently at 45, UBC is neither in overbought nor oversold territory, suggesting that the token may be consolidating after the recent drop. If buying pressure returns, UBC’s market cap could reach $50 million again. That’s an increase of around 47 percent from current levels.
$1 Token
The $1 token was launched on the Solana network five days ago and quickly attracted 60,000 investors. It recorded 81,000 transactions in the last 24 hours. Despite the fast start, the cryptocurrency has seen a 65 percent drop in market value , falling from $15 million to $8.7 million.
The RSI level of $1 is currently at 43, meaning the token is neither overbought nor oversold. This suggests that the token is starting to stabilize after the sharp decline. If buyer interest increases, $1 could see its market cap increase to $10 million, then $15 million, before returning to its previous levels.
Last Cryptocurrency on the List: JAK Token
JAK has rapidly gained popularity with its animation video-themed meme coin concept. Reaching 24,000 investors in three days, JAK continues to gain traction by recording over 90,000 daily transactions. However, its market cap has dropped by 80%, from $6.2 million to $3.4 million. JAK’s RSI level is currently at 53, meaning the token is neither overbought nor oversold. This suggests that selling pressure is easing and the token has the potential to recover if buyer interest increases.
These three altcoins offer risky investment opportunities with high volatility. The fact that RSI levels are in the neutral zone indicates that all three tokens have the potential to recover if buyer interest returns. However, as we reported at Kriptokoin.com , investors should be careful when investing in such assets and follow market movements closely.
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