Panic has suddenly engulfed the crypto markets, as Bitcoin and Ethereum have both broken through key support levels.
BTC is now below $100,000 again, with bearish sentiment driving over $64 billion in 24-hour trading volumes, while ETH is down over 10% this week with trading volumes of more than $32 billion over the last day.
Of course, the crypto world is always full of surprises – and even as most cryptos are experiencing extreme turbulence, the DeFi token STRK has topped CoinMarketCap’s trending list with a 143% pump.
In this article, we’ll examine STRK’s outperformance in greater detail, and also cover the immensely successful ICO for Best Wallet Token ($BEST), which is capitalizing on investor demand for ways to keep their cryptos safe for the long term.
$STRK Breaks Out of Long-Term Pattern – Can It Stay Bullish?
STRK is the governance token for the Strike DeFi platform, which enables users to earn interest on their crypto holdings through its dedicated lending protocol. STRK holders can vote on proposed changes to the Strike project, engage in constructive debates about its inner workings, and also propose new changes themselves.
As the platform is naturally very technical, this governance system has attracted some interest from various corners of the DeFi space. However, until the last week or so, the STRK token’s price has struggled to gain much traction with investors.
As the weekly chart below shows, technical analysis provides one explanation for the STRK pump:
Until just last week, when a huge wick appeared on this weekly chart, STRK was fighting to push upwards and recover from the market-wide December dip. That wick then set up a descending triangle chart pattern, and the price has now broken out.
Importantly (and strangely), this breakout has not been driven by a project announcement or update, as the Strike Finance X account has not posted so far this year – and its Telegram group members have also been taken by surprise, with no clear indication as to the cause of the pump.
Closer examination of the one-minute price chart shows how last week’s giant wick formed in the space of a few minutes, shortly after 4pm UTC this past Sunday:
This price action (and its associated volume spike) most likely indicates sudden whale activity, which in turn set up the weekly chart breakout.
At the time of writing, the STRK price is trying to stay above its breakout level (which appears almost horizontal on the one-hour chart), and break a new short-term resistance level around $23:
All of this action is certainly intriguing (if highly unpredictable and volatile, given the low time frames involved), and it at least highlights STRK as a token to watch over the coming days and weeks.
Events like the STRK pump give long-term crypto holders something to celebrate – and the smartest investors are paying close attention to the crypto wallet market, where Best Wallet Token ($BEST) is now standing head and shoulders above its competitors…
Best Wallet Token ($BEST) Presale Nears $7M Raised – Next Altcoin to Explode?
During market downturns, fear grips the entire crypto market – and even veteran investors and traders can be shaken by large dips and corrections. As the most resilient crypto holders rush to secure their tokens and coins in self-custody crypto wallets, accumulating wallet ecosystem tokens like Best Wallet Token ($BEST) has become one of the most intelligent plays available.
Although it’s still a fairly new wallet, Best Wallet has nonetheless made a huge name for itself, with over 70,000 social media followers and a detailed roadmap that will see it take over 40% of the crypto wallet market (currently valued at over $11 billion) by 2026.
Best Wallet’s iOS and Android smartphone app gives its users instant access to their securely stored cryptos (with support for thousands of tokens across more than 60 chains). But that’s not all, as the app also features everything from a built-in DEX to staking, iGaming, and the ability to invest in the very hottest crypto presales directly through the wallet’s user-friendly interface.
The latter opportunity is made even more powerful by Best Wallet’s “Upcoming Tokens” feature, which investors have already used to gain from spectacularly successful token launches – including those for Pepe Unchained ($PEPU) and Catslap ($SLAP), which both multiplied in value after launching.
Best Wallet Token ($BEST) presale investors have been particularly attracted by the token’s range of benefits – such as exclusive early presale access, new token tips, iGaming perks, airdrops, and transaction fee discounts.
Therefore, this token’s value is predicted to surge when it launches on top CEX and DEX platforms, at which point word of mouth will spread even more exponentially than it already has.
For now, $BEST tokens can be purchased at a discounted price of $0.023525 – but this opportunity will only be available for another few hours, before the price gradually increases through further presale stages.
