Crypto Price Prediction: Filecoin, Monero, Bitbot
Cryptocurrency prices experienced some volatility on Tuesday as risk sentiment prevailed in the market. Bitcoin rose to a key resistance point at $53,000 and then quickly pulled back around $51,000. Most altcoins and US stocks also pulled back. This article looks at major tokens like Filecoin (FIL), Monero (XMR) and Bitbot, which as you can see here has raised over $642k.
The Bitbot token sale will get steam
Bitbot, the soon-to-be-launched blockchain network, continues to raise thousands of dollars over the past few months. According to the information on the website, it has managed to raise about $642k in the last few weeks. This is an impressive sum that will likely continue to rise over the next few months.
Bitbot is a company that aims to be the largest Telegram bot in the industry. Telegram Bot is a software that provides signals to traders in the crypto, stocks and forex markets. In its case, Bitbot aims to be an alternative among the thousands of bots in the industry.
It will have few features like self-maintenance, decentralization and major rewards for its users. The token will have the same utility as Uniswap's UNI token. For example, it will have income sharing with the owner. This is where the platform shares the revenue with the token.
Another advantage is that Bitbot will have a large community of passionate and experienced business professionals. These traders can share their experiences among themselves.
Filecoin price prediction
Filecoin, the giant file storage blockchain network, was in the spotlight this week when it merged with Solana, one of the fastest growing players in the industry. This merger led to a huge jump in FIL's price, which jumped to a high of $8.22. This was a strong rally as the token was trading at $4.60 a few weeks ago.
Filecoin has now pulled back significantly as investors began to take profits. It fell to a key point at $7.20. On the 4H chart, it remains above the 50-time moving average, while the oscillators are all pointing down.
Therefore, I believe that Filecoin will go down to $7 and then continue the crash trend as investors buy the dip and the trend fades. In this case, a return to $8 is likely this week.
Monero price prediction
The price of XMR dropped to $109.26 this week. It has now pulled back and is hovering over the 50-time moving average. The Relative Strength Index (RSI) and Stochastic Oscillator are pointing up.
Monero is slightly above the key resistance point of $122.50, the highest point on February 18. Therefore, the outlook for the picture is bearish, the next level is the highest point of this month at $130.
