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CYBRO surges 200% to $0.1871 within 24 hours of listings on MEXC and Gate.io, with $2.5M trading volume.
CYBRO, the native token of the new AI-powered earn marketplace, has jumped over 200% in the first 24 hours after its exchange listings. CYBRO was listed on both MEXC and Gate.io last week, on Dec. 14.
Exciting both early and new investors, CYBRO’s price shot to $0.1871 from its listing price of $0.06 shortly after appearing on the exchanges. CYBRO’s trading volume has also managed to climb to $2.5 million, signaling the strong public appeal this new project has garnered.
Source: TradingView
Currently priced at 0.06445, CYBRO’s trading range shows signs of consolidation. It has a support forming near $0.063 and resistance visible at around $0.07. If the price holds strong above the support level, there could be a breakout to $0.10. But if the support fails, there could be further declines. Nonetheless, analysts are optimistic and see a quick recovery in the coming days.
Presale and community support
Launched in 2024, CYBRO is a multichain AI-powered yield aggregator. The marketplace provides reliable web3 investment choices with AI-driven investment portfolio management.
Prior to its listings on Gate.io and MEXC, CYBRO amassed $7 million in its presale and attracted nearly 19k holders. CYBRO’s early adoption and community support can be seen as the reason behind its rapid price rise and presale success. CYBRO also maintains an active community presence on platforms like X, Discord, and Telegram with regular posts and strong engagement.
Future prospects and goals
CYBRO’s listings on Gate.io and MEXC were part of the project’s long-term vision and its fourth-quarter goals. The other targets the platform maintains for this quarter include features like staking, token generation events, one-click investment, and airdrops. The project is also working on improving its interface with updates such as redesigned dashboards and detailed vault pages.
However, this is not all. According to its latest Medium blogpost, CYBRO’s more future-focused goals consist of the launch of a user-friendly crypto wallet, partnering with major DeFi platforms, and community incentives for long-term engagement and loyalty. Considering the fact that this up-and-coming platform has managed to achieve all its milestones so far, it can be expected that it will meet these as well.
Technical analysis
According to CoinCodex, the price of CYBRO is predicted to rise by 250.27% and reach $0.225754 by January 18, 2025. As per its technical indicators, the current Fear & Greed Index is showing 75 (Greed).
Analysts forecast that CYBRO could reach $ 0.101218 by the end of 2024, representing a potential gain of approximately 57.05% from its current price. This analysis suggests that bullish price movements may occur sooner than anticipated, provided the overall cryptocurrency market maintains its upward momentum.
A smart option
Everything we’ve learned about CYBRO so far points to it being a promising new entrant in the crypto space. That said, all new projects need to be thoroughly vetted, and investors must research well before parting with their money.
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This article first appeared at crypto.news
