Driftprotocol
What’s Next for DRIFT After 500% Volume Surge on Upbit?From Airdrop to Airborne | DRIFT Token Soars Like a Rocket !
The governance token DRIFT from Solana based decentralized exchange Drift Protocol is currently gaining attention after being listed on an exchange. On November 8, the South Korean exchange Upbit announced that DRIFT would be listed at 18:00 KST, with trading pairs in Bitcoin , USDT, and the Korean Won also Bianance will add DRIFTUSDT Perpetual Contract as well
This development triggered a 500% increase in trading volume for DRIFT which is insane, accompanied by an 90% price rise. Now trading at $0.91, this strong surge mirrors past trends observed with other tokens listed on Upbit.
In May 2024, the Drift Foundation launched DRIFT, its new governance token, through an airdrop of 120 million tokens 12% of the initial 1 billion DRIFT supply plus a bonus of 20 million tokens was included in the distribution, exceeding the original planned supply.
Drift Protocol’s co founder, Cindy Leow, explained that the bonus aimed to prevent network congestion and premature sales, enhancing the user experience and rewarding loyal traders.
Drift Protocol supports perpetual futures trading on the Solana Network, and DRIFT allows holders to propose and vote on governance improvements by staking.
The daily chart shows the Bollinger Bands widening, indicating increased volatility around DRIFT. However, the token’s price has reached the upper BB band, signaling potential overbought conditions, as reflected in the Relative Strength Index
The RSI currently stands at 78, which, being above 70, suggests an overbought asset. This indicates that DRIFT's price could undergo a short term correction, potentially dropping to $0.70. However, if buying pressure persists and profit-taking remains low, the altcoin may continue climbing, possibly surpassing $1
Alt szn just started and now is the best time for gem hunting
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Drift targets for accumulationDrift listed with much better metrics than many other new coins after air drops!
17% unlocked and less than 100m market cap at this current circulation supply
Based on IAP model im waiting 2 scenarios!
Targets showed and explained why exactly this targets in educational IAP post
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Is DRIFTUSDT About to Explode? Watch These Critical Levels CloseYello, Paradisers! Are you ready for what might be an explosive move in #DRIFTUSDT? The structure is looking very promising, and we're seeing some crucial action around the resistance levels.
💎Currently, #DRIFTUSDT is holding firm near key resistance at $0.52. If the price breaks above this level convincingly, price could see a strong breakout, with targets initially at $0.55, followed by the significant $0.643-$0.6850 range. These levels mark the all-time highs (ATH) for DRIFT, and price expect heavy profit-taking around these heights.
💎On the flip side, there's solid support around $0.42-$0.40. This zone is crucial—bulls need to defend it to maintain the momentum and fuel a breakout to the upside.
💎Volume are picking up again, signaling renewed interest and active participation.
Trade smart, Paradisers! Stay focused, patient, and disciplined. This is the only way you will make it far in your crypto trading journey. Be a PRO!
MyCryptoParadise
iFeel the success🌴
