In an industry of insurmountable potential, Hedera Hashgraph (HBAR), is caught between two extremes of public sentiment and market performance. Following its impressive leap of +20% after the announcement of FedNow’s integration into Hedera via Dropp dApp, skepticism grows as HBAR witnessed a hard-hitting -17% pullback from a local high of $0.075. The crypto-sphere buzzes with both backers and naysayers, one side exalts the significant ties developed with names such as Kia, Hyundai and Microsoft, and the landmark connection with Federal Reserve, while the other claims Hedera’s journey towards oblivion.
The much-vaunted consolidation at the level of the 200DMA is at stake as Hedera’s RSI signals a bearish divergence and the MACD shows a barely noticeable bullish divergence. For HBAR, the price can swing in two ways: ascendance to the local high at $0.075 reflecting a +19.62% gain or a catastrophic plunge to $0.046 with -26.63% loss, putting the risk:reward ratio at a precarious 0.74.
Converse to the general unease around HBAR’s future, the limelight is now stolen by another contender in the world of cryptos. Meet Sonik Coin, a promising newcomer riding a tide of bullish sentiment. Launched with the audacious goal of being the fastest token to achieve a $100M market cap, it has already raised a stupendous +$250,000 in its pre-sale week, attracting investors with its remarkable 4,300% staking APY. It’s joining Uniswap presents a legitimate amplification of its visibility.
Unlike the commonplace meme coins, Sonik Coin offers a viable route for passive income and a commitment to longevity and stability. As holders stake their coins for extended periods, the coin spurs diminished roller coaster price swings and creates a solid bedrock for steady growth. Playfully reminiscent of Sonic the Hedgehog, early signs hint at a similar trajectory as $PEPE, Pepecoin which gave early investors a staggering 10,000% return.
Sonik Coin establishes itself distinctly in the turbulent sea of meme coins with its lucrative staking rewards, community-focused vision, and the buzz it has already stirred. If history is any indicator, the early participant often garners the full benefit of this supersonic wave. Stepping into the world of cryptos is like navigating high seas where both loss and gain thrive with equal might.
This article is geared towards enlightening enthusiasts and does not constitute investment recommendation. Crypto investment walks hand-in-hand with high risk, and there’s always a chance for capital erosion. Make sure to conduct ample research before taking the leap.
Source: Cryptonews
