Decentralized Finance

RAMP Price Smashed $1 With Listing on Binance May Hit $2 Shortly!

Highlights

    Ramp price rallied high with the rounds of getting listed on the most popular exchange Binance

    The price is on the verge to smash $1 at any moment, however, $2 might also be an achievable target

The DeFi Token Rallies More Than 35%

The DeFi protocol, RAMP that allows non-ETH users to stake tokens on the Ethereum platform gained mainstream recognition. One of the top crypto exchange, Binance announced the listing of the token in the innovation zone.

As the rounds of the listing were outspread in the crypto-space, the RAMP price rose remarkably more than 50% in just a couple of hours. The trading volume also rose like a giant of more than 563% recording more than $75 million from just $11 million.

The extremely bullish market sentiments for the token seems to ‘full send’ the price to the next level, as said by an analyst, Lark Davis. Therefore, if the price rallies as with the similar or more accelerated bullish momentum, then the path towards $2 is imminent.

RAMP Price Analysis

The RAMP price is up more than 35% in just a couple of hours from now with the announcement of the listing. At present, the token was trading on decentralized platforms like Uniswap exchange, Pancakeswap exchange, etc. However, the mainstream recognition for trade rose the price like a giant. 

The huge spike in the trading volume propelled the price above $1, yet failed to sustain. Nevertheless, the price does not seem to have lost any bullish momentum as a small bunch of weak hands might have just extracted their profits. Further, the price looks poised to reform ATH above the current ATH and strongly head towards the next target set at $2.

ramp price chart

Looking at the technical indicators, the RSI levels have spiked up from 48 to more than 90, yet the levels have decline slight to 78 at the press time. The MACD indicators also have separated apart and currently show no signs of a sell signal. 

ramp indicators

At the time of writing, the RAMP price is $0.9507 with a massive jump of 38.92% compared to the last trading day. The market capitalization also got a major boost of more than 40% registering nearly $195,097,577 placing the asset at 257 ranks in the cryptocurrency ranking list.

Technical Specifications

  • The resistance levels are currently at the ATH at $1.08 and further the price may enter the discovery phase to look out for higher levels
  • The support levels are formed with a huge gap at $0.2
  • The indicators for RAMP price are currently neutral
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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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