The VENCE price soared 122% in the last 24 hours to trade at $0.002172 as of 00:15 a.m. EST time.
The token exploded after presidential aspirant Donald Trump’s decision on Monday to select Ohio Senator JD Vance as his running mate in the upcoming presidential elections in November.
The announcement followed the official nomination of Trump for presidential candidate of the Republican party in the Republican National Convention in Milwaukee.
“After lengthy deliberation and thought, and considering the tremendous talents of many others, I have decided that the person best suited to assume the position of Vice President of the United States is Senator JD Vance of the Great State of Ohio,” Trump wrote on Truth Social.
JD Vance welcomed the selection in a post on X.
The selection is good for crypto, given that Vance is a Bitcoin investor believed to hold BTC worth up to $250,000. He also proposed a bill in 2023 that called for better regulations for banks in favor of crypto companies. More recently, he actively opposed the continuation of the SAB121 bill.
Trump appeared alongside his running mate, with a bandage on his ear after the assassination attempt. Notwithstanding, the crypto market is elated amid speculation that a new Trump administration could be a big positive for the crypto industry.
VENCE Price Prediction
The VENCE price is trading with a bullish bias, breaking out from the confines of a descending parallel channel. However, cognizant that meme coins thrive on market sentiment, traders are already cashing in the gains made in the immediate aftermath of the announcement.
Accordingly, the VENCE price is likely due for a correction soon. The hourly timeframe shows that seller momentum overpowers buying pressure, seen with the position of the Moving Average Convergence Divergence (MACD) indicator above its signal line.
The Relative Strength Index (RSI) is also barely holding above the mean level of 50, suggesting a not so strong bullish dominance. With this, the VENCE price is in high risk of a correction amid ongoing profit booking. Traders should therefore not succumb to FOMO, the fear of missing out.
GeckoTerminal: VENCE/USD 1-hour chart
On the other hand, if buyers continue to buy VENCE token, the VENCE price could extend further north. Nevertheless, only a candlestick close above the 50% Fibonacci placeholder of $0.004249 would confirm the continuation of the uptrend.
Even as the VENCE price pushes toward a further upside, some investors are funneling funds into Base Dawgz (DAWGZ), a new Base meme coin presale that YouTuber ClayBro says “could create millionaires.”
Promising Alternative To VENCE
DAWGZ is the native cryptocurrency for the Base Dawgz ecosystem , which is designed to appeal to investors’ adventurous spirits.
It features an image of a base-jumping Shiba Inu and characters such as Wojak and other doge-based memes, all strapped with base-jumping gear and soaring through the skies after jumping off a plane.
DAWGZ considers Base as home but it can be stored and extracted through other blockchains. This multi-chain functionality is made possible by Wormhole and Portal Bridge. Wormhole is a message-passing protocol while Portal is a blockchain bridging system.
Base Dawgz thus brings a unique, multi-chain experience. At home on Base Chain, $Dawgz will also trade on ETH, SOL, BSC and AVAX. This chain-hopping ability makes it a real gripper as you can claim, store, and trade it seamlessly on Ethereum, Solana, BSC, and Avalanche.
It is like a base jump through the blockchains, landing wherever you choose.
Presale investors can also accumulate points by posting on Base Dawgz’s social media accounts. Users with the highest points win tokens to be airdropped to them later.
Investors can buy DAWGZ for only $0.006405. Investors have already pumped more than $2.5 million into the project. Those interested to add to that total should join before a price hike in slightly less than 7 days.
Visit and buy Base Dawgz here .
Also Read:
- How to Buy Base Dawgz Token – $DAWGZ Presale Review
- Base Dawgz Price Prediction – DAWGZ Price Potential in 2024
- Best Base Chain Meme Coins To Buy – 2024 Guide
- Best Crypto to Watch in 2024: Top 5 Cryptocurrencies with High Potential
