The most recent price action on Ethereum has experienced volatility that speaks of a tug-of-war between the bull and the bear. After a bearish trend at the beginning of February 17, ETH received temporary support at $2639 before reversing back to $2850.
But the rise was short-lived. Signs of a reversal were apparent in indications such as a Death Cross on MACD and overbought conditions on RSI. During late afternoon trade, ETH fell below $2690 before stabilizing at approximately $2743. With the bearish trend now stretching to February 18, the mood in the market is cautious as ETH continues to be under pressure from selling.
Beyond Ethereum: The New Crypto Presales
As Ethereum’s price struggles to get going, investors are turning to alternatives that can yield more short-term upside. New crypto presales are grabbing attention because they come with low entry points and growth-oriented models. Two such initiatives, Aureal One (DLUME) and DexBoss (DEBO), are interesting due to their innovative approaches and phenomenal fundraising reception.
Aureal One (DLUME): A Blockchain for Gaming and the Metaverse
Aureal One aims to build a robust decentralized gaming and virtual interaction network. With nearly zero transaction fees and speedy processing, it has two prominent projects under its belt.
- Darklume: A virtual world where individuals can own and trade digital goods, generating interaction and innovation.
- Clash of Tiles: A game name that allows users to earn DLUME points by engaging in an in-game economy and exchanging on virtual tiles with different cryptocurrencies.
In its third presale stage currently, DLUME costs $0.0013. That is a very substantial discount on its expected exchange listing price of $0.005. The presale has already generated more than $3.2 million, demonstrating intense early demand.
DexBoss (DEBO): Easy Decentralized Trading DexBoss is focused on the complexity typically associated with DeFi sites. Its native blockchain and intuitive interface provide an even smoother experience of trading. Some of its notable features are:
- Advanced Financial Products: Easy access to decentralized finance products such as lending and borrowing.
- Deflationary Tokenomics: A system for maintaining token value via managed supply.
DEBO, the native token of DexBoss, can be found on ICO for $0.011. Once it goes live, it’s expected to begin trading at $0.0505. The presale has already hit 78% of its $750,000 target, with almost $586,000 raised.
A Broader Perspective of the Crypto Market As Ethereum’s price continues to be under pressure, efforts like Aureal One and DexBoss show how new entrants in the crypto space work towards offering beneficial solutions and community-oriented ecosystems.
Through the integration of new technologies and offering early access at lower costs, these presales reflect a trend towards investment diversification opportunities in the market.
The current market conditions put Ethereum at a juncture, with investors waiting with bated breath for indications of recovery. In the meantime, new presales such as Aureal One and DexBoss show the way new startups can introduce new concepts and uses.
