The week began with Polkadot (DOT) gaining significantly but CYBRO became the talk of the crypto world as its AI use is driving the interest of crypto traders.
Polkadot is predicted to triple its value soon as CYBRO tries to dominate the crypto market.
The latter has revolutionized the DeFi landscape by maximizing earnings from the Blast blockchain with the help of AI. The CYBRO project is still in its infancy but that didn't stop it from raising $3 million mark in its past pre-sale. This shows that crypto investors are quite interested in CYBRO
The high-utility digital asset is gradually becoming indispensable in the crypto world as it provides yield farming solutions that cater to a wide variety of strategies in different market conditions. Analysts are of the opinion that the coin harbours 1200% growth potential.
Crypto investors are drawn to it because of the variety of benefits which promise to raise their investment potential. This includes features like competitive staking rewards averaging 10% which will allow traders to maximize the returns irrespective of the crypto market conditions.
Holders of this cryptocurrency also have access to airdrops where they are allowed to be part of free CYBRO token distributions. Additionally, the reduced lending and trading fees coupled with the insurance program ensure that users have a rewarding and secure experience on the CYBRO platform.
The surge in CYBRO is also driven by the limited supply of the token as only 21% are available for this presale. 80 million CYBRO tokens have been already claimed by holders in previous pre-sales.
Meanwhile, Polkadot which is forecasted to triple its value is facing a downward trend in the last 6 months as its price dropped by more than 42%.
As of November 4, the coin was trading between $3.77 and $4.55. The DOT token is sliding towards the $3.41 support level at present.
However, Polkadot’s 43.53 RSI and 22.68 Stochastic value indicate oversold conditions are near. The 100-day and 10-day moving averages are lying at $4.14 and $4.17 respectively. This shows that the token will have a consistent price in the medium and short term.
Polkadot is showcasing a negative MACD level at -0.00388 which suggests that traders should closely monitor the price movement near the support level to leverage any signs of change.
As of November 5, Polkadot has gained 3.09% in the last 24 hours to trade at $3.90, while its trading volume has surged nearly 24% to $127.60 million. The coin's market capitalisation stood at $5.91 billion at the time of writing this article.