Basenji Price Surges 86% – Is SLAP The Next Big Crypto?

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The Basenji price surged 86% in the last 24 hours to trade at $0.04403 as of 2.10 a.m. EST on trading volume that skyrocketed 195% to $11.55 million.

Basenji is a dog-based crypto project, and as it claims, it represents the oldest dog breed in history, with the chain (BASE) in its name. It calls itself the SHIB of BASE blockchain, which is a nod toward its ambition and perceived potential.

It only makes sense.

Basenji the $SHIB of @base $BENJI pic.twitter.com/V7mKGnMjPy

— Basenji (@Basenjiofficial) December 16, 2024

The project’s price jumped in the last 24 hours as the Bitcoin once again surged, recording another new all-time high, this time at $107,780. Despite launching in the first half of the year, BENJI has remained a small-cap crypto until now, with its market cap currently at $36.74 million.

However, with the next big bull run expected to start in the near future, and BENJI’s recent surge, the project has captured the eye of investors, which could finally help propel its price soon.

Basenji Price Prediction

The last 24 hours have seen the BENJI price skyrocket to around $0.05660, but the resistance at $0.050 proved too strong for the project to breach. As a result, it corrected to a support at $0.040, from where it recovered to $0.045. This smaller resistance proved to be strong enough to limit BENJI’s price, keeping it between $0.040 and $0.045.

The project’s Bollinger Bands have since started showing signs of narrowing, indicating the uncertainty among traders. Meanwhile, the price, which was previously pushing the upper band has since dropped below the middle line between the two bands. Its performance suggests that it has been trying to return to the upper band, but has instead only managed to make small fluctuations under the middle line.

Basenji Price Prediction

As for the project’s Relative Strength Index (RSI) value, it went from a position deep in the overbought zone, where it reached the value of 90, to the neutral zone at 50 some five hours ago. Since then, it has been fluctuating around the neutral area, going below 50 and mirroring the small price fluctuations that the crypto’s value saw during the same period.

This shows that many among the buyers who propelled the token’s price have since decided to sell BENJI, but there has still been some short-term trading activity, as those willing to take the risks continued buying and selling BENJI for small profits over the last few hours.

Still, with the crypto market trading in the green right now and Bitcoin itself being 2% up daily as well as10% on a weekly chart, it is possible for Basenji to see a sharper recovery in the hours to come. However, this remains only a possibility, as for now, traders appear uncertain about their next move.

Promising Alternative To Basenji

For those who are looking for an alternative that could see a major surge in the near future, a new meme coin called Catslap (SLAP) might be a solid option to consider.

Catslap is a meme coin that blew up after introducing a slapping game on its website — a clicking game where each click would cause its mascot to slap various entities. The game blew up after the project enabled its Slap-To-Earn feature, where slaps allowed users to earn SLAP tokens. Since then, the project has generated over a billion slaps, rapidly growing its community and the number of SLAP token holders.

Catslap tweet

The project’s team also announced an airdrop that will deliver 10K in USDT to each of the top 10 slappers with the highest number of slaps per person. The project attracted the attention of major crypto influencers, such as YouTuber ClayBro, who has over 134K subscribers, and who believes that SLAP has 10X potential.

In terms of price, SLAP has recently dipped, losing 50% of its value in the last few weeks as the previous Bitcoin price correction caused the altcoin market to correct as well. Right now, many believe that it is heavily undervalued with its price sitting at $0.0047, after hitting $0.01 only a few weeks ago.

With the next big crypto bull run expected to start in early 2025, and the Christmas rally potentially already starting, now might be the best time to buy SLAP tokens, while its price is low. The project is also preparing to make a major announcement which will come in only two days according to a countdown timer on its website. Many believe that the announcement could reveal the project’s listing on one of the major exchanges, such as Binance or Coinbase, which, if true, could also cause its value to surge.

Visit SLAP’s official website.

Catslap (SLAP) – New Cat Meme Coin On Ethereum