Price Analysis

DEGO Finance & WOWS Price Analysis: New Entrants Trade To Record Highs

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The cryptocurrency market is an effective platform for the emerging and the new established currencies. As the market is vast there are many crypto projects that are taking an active part in the establishment.

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The arising cryptocurrencies are working hard to showcase their best performances by offering various features. Wolves of Wall Street (WOWS) and DEGO Finance are the new entrants in the crypto market along with Hoge Finance and Paid Network. 

Dramatically, the WOWS achieved above 245% impulse over the past 24 hours and the Dego Finance attained over 75% momentum in the last 24 hours. 

WOWS Price Analysis

Wolves of Wall Street made its existence in the crypto market on 17 February with a trading value of $57.12. Later, the price consistently declined to $26.45 by the end of February.

Effectively, the token started to recover after and drastically soared to above 245% in the last 24 hours and also listed a new all-time high by hitting $226.72. However, the WOWS failed to remain stable and slumped to the $150 mark. 

WOWS is a DeFi project enlarging the value of NFT’s. One of the main causes for the price surge might be the announcement made by the community regarding the publications of medium articles subjected to the market plans and the launch date of its Dapp.

At a press time, WOWS price is $147.51 with a 24 hour trading volume of $2,753,344.

It has gained 242.35% in the last 24 hours and the current coinmarketcap rank is #2421.

DEGO Price Analysis

The Dego Finance is currently under the control of bulls. DEGO dramatically claimed above 75% momentum in the last 24 hours. The currency also registered a new all-time high by pumping to the $12 mark. DEGO Price hovered between the $3 and $6 range before the massive price surge. 

DEGO

The next high is to be expected at $15 if it successfully surpasses a resistance level at $13. The major support levels can be formed at $6 and $10. The relative strength index is lying above 80 points and strongly indicates the bullish cycle. 

The MACD indicates the strong bullish crossover as the MACD line is escalating and the histograms are turning green.

The Parabolic SAR strongly indicates the bullish divergence as the dots are plotted below the candlesticks.

At a press time, DEGO’s price is $12.10 with a 24 hour trading volume of $40,893,401. It is up 78.52% over the last 24 24 hours. The market capitalization is $104,829,254 and the current coinmarketcap rank is #351.

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Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

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