The cryptocurrency podium, which has risen significantly over the past seven days (within the top 100 per market capitalization), is once again led by the SPX6900 (SPX).
At the weekly level, this token, who lives in Ethereum and other networks, is quoted at 15% of $1.01 at the time of this publication, provided by the CoinMarketCap platform, as seen in the table below.
Cryptonoticias described SPX as Memecoin in a previous publication. Overcoming the S&P500 is the goal of a community led by influencer Murad Mahmudov being repeated over and over again in social network publications.
There was no recent news about the SPX6900 as a list of major exchanges or changes at the technology level. So community support can be seen as the main engine of this rise. Bitcoin’s persistence is around $105,000 in favour of the rise of altcoins. Anyway, according to Blockchain Center, the market is still quite far from AltSeason (or Altcoins season).
From technical analysis (although the SPX6900 community says graphics are not important), it is important that the token overcome the $1.23 level (yellow line in the next graphic) that will likely find resistance. Only this way can you go back to the history maximum zone above $1.50.
Like other cryptocurrencies, the SPX6900 will be affected by the macroeconomic environment over the next few days. For example, novelty regarding “customer war” or US interest rates could benefit or damage the price of this token.
(tagstotranslate)altcoins
