X Empire Price Soars to New ATH, Will It Keep Rising?

Pooja Khardia
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
X Empire Price Soars to New ATH, Will It Keep Rising?

For the first time after its launch in October end, the X Empire price followed an uptrend, but there is more to the story. This token has just achieved an ATH at $0.0002165, surprising its holders, who witnessed its severe downtrend right after its launch.

Despite the heavy popularity of the X Empire game, its native token struggled severely on the charts. More importantly, it followed the HMSTR price pattern, which also plummeted heavily right after its launch. However, HMSTR has been on the move vertically for the past few days. With this, the users are curious whether this is just the beginning of a long uptrend or it is all, as it has disappointed them before.

Advertisement
Advertisement

How X Empire Price Soared To New ATH?

The X Empire token was launched on October 24 with high anticipation of the price attempting a rally to $1. However, the user’s disappointment with the airdrop allocation and actual airdrop process led to heavy volatility, causing the token to collapse to a low of $0.00003315 on November 3 after an 11-day-long downtrend.

However, the token has made a 180-degree turn, gaining an ATH of $0.0002165 after an almost 350% surge over the week. More importantly, it gained 115% in the last 24 hours and is slowly moving down the ATH peak, currently valued at $0.0001962. Today, its trading volume is up at $477.52M after a 230% surge, which indicates that the users are returning to the token.

X Empire Price Rally

This ongoing X Empire price rally began with KuCoin launching the X Empire staking feature with a 4% reward. The token had already gained multiple exchange listings, and Kucoin’s X Coin feature pushed its demand higher. Not to forget, the US election results also played an important role in the rally.

On November 6, Donald Trump won the US election, igniting a crypto market rally. The bulls are now driving the market, where most cryptos are meeting new gains. With this, the Bitcoin price hit the ATH, but the analysts still anticipated a much bigger rally to $100K. After this anticipation and users’ bullish sentiments, the X Empire price has gained its deserving bullish push.

Will It Keep Rising?

Considering the crypto market’s bullish nature and investors’ greedy sentiments, there is a high possibility that the X Empire price may continue to rise. However, considering its past performance, there are doubts that the sellers may flip the boat, leading to a consolidation after this high.

However, considering the breakout from the falling wedge pattern, the uptrend is likely to continue. More importantly, there is strong buying pressure on the token per technical indicator. Here, the RSI is at 74.84423685, in the neutral zone, which indicates the continuation of the ongoing trend. Moreover, the simple and exponential moving averages and the Momentum indicate the same. As a result, there is a high possibility that the trend might continue, especially if it crosses the resistance at 0.0002241.

Advertisement
coingape google news coingape google news
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Pooja Khardia is a seasoned crypto content writer with 6+ years of experience in writing, including in blockchain, cryptocurrency, DeFi, and digital finance reporting. In her adventure journey, she is currently working with CoinGape Media and leading their Trending Section. Here, she uses her expertise to deliver analytics, market insights, price predictions, and information on what’s trending in the crypto space, aiming to keep the crypto and web3 community updated with market trends and important insights. Known for a user-centric and straightforward writing style, Pooja is passionate about making crypto easy and accessible. Her writing blends market research with storytelling, helping readers stay ahead in a fast-paced industry. When not behind the keyboard, Pooja embraces her creative side through drawing and crafting. Connect with Pooja on LinkedIn or X.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.