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Fableofthedragon

Fable Of The Dragon (ETH: $TYRANT): Is it More than a Memecoin?Fable Of The Dragon is making waves with $TYRANT, a 0% tax token tied to a unique mission: advancing anti-aging research, reshaping self-expression, and pushing the boundaries of cause marketing within Web3. Inspired by Ethereum founder Vitalik Buterin’s Twitter profile, which links to an animated film, “The Tyrant Dragon Fable,” $TYRANT is rapidly gathering attention in the crypto world for its community-driven initiatives and robust trading momentum. What Makes $TYRANT Unique? The Fable Of The Dragon token, $TYRANT, leverages the influence of meme culture to drive a cause-driven mission. It seeks to generate funds for anti-aging research and foster a strong community network. The token stands apart with its 0% tax policy and the potential to serve as a utility in new Web3 applications, specifically designed to elevate self-expression and introduce an innovative approach to cause marketing. The $TYRANT token is available primarily on Uniswap V2 (Ethereum), with the TYRANT/WETH pair seeing a recent surge in activity. In the past 24 hours, the trading volume reached $16,957, marking a massive 2,177% increase, which indicates growing interest in this emerging project. Current Market Data and Performance - Current Market Cap: $958,869, ranking #3236 on CoinGecko - Current Price: 90% below its all-time high of $0.9656 (recorded on Dec 3, 2022) - Circulating Supply: 10 million tokens, with a fully diluted valuation (FDV) matching the market cap at $958,869 $TYRANT is trading 2,838.60% above its all-time low of $0.003265 from November 2022. This impressive gain, paired with a recent 15.3% rise over the last week, showcases $TYRANT’s resilience against broader market movements. The token has outperformed both the general crypto market (up 3.7%) and similar tokens within the Ethereum ecosystem (up 12.7%). Technical Analysis As of today, $TYRANT is up 22% and trading within a strong support zone at $0.076. Following a recent consolidation phase, the token now seems poised to revisit and potentially surpass its one-month peak at $0.16. This consolidation suggests that the price action may be gearing up for a bullish breakout, especially as it aligns with recent support levels. - Support Zone: $0.076, signaling solid price stability - Potential Upside: Re-test of the $0.16 resistance and subsequently $1 - Trading Volume Surge: 2,177.30% increase over 24 hours From a technical standpoint, $TYRANT shows promise. The recent price consolidation, coupled with renewed volume, indicates a pattern where prices could push higher. The momentum aligns well with the increasing interest in meme and mission-driven tokens, suggesting a bullish continuation in the near term. Why $TYRANT Holds Unique Appeal $TYRANT taps into the cultural power of memes while driving real-world impact through its mission for anti-aging research. The team’s focus on self-expression tools within Web3 has potential to attract both crypto enthusiasts and cause-driven investors. This utility, combined with a 0% tax policy, fosters an open and inclusive ecosystem. With a community eager to support the project’s mission, the token’s potential utility in Web3 applications and cause marketing could be a game-changer. If $TYRANT’s value trajectory continues and manages to break past the $0.16 level, it may soon attract more long-term holders and investors drawn by its mission-driven approach. Conclusion Fable Of The Dragon’s $TYRANT token presents a compelling mix of community, cause, and technical potential. As one of the few mission-oriented meme tokens, it has gained a strong foundation that combines both purpose and performance. Investors and traders interested in meme culture with a cause might find $TYRANT a fitting addition, especially if it manages to secure and surpass recent highs in the near term.
UNISWAP:TYRANTWETH_3AF73B.USDLong
by DEXWireNews
Fable Of The Dragon (TYRANT): A Vitalik-Backed Token Surges 54%Monday, 7th October 2024 – In a remarkable week of bullish activity, Fable Of The Dragon (ETH: $TYRANT) has surged 54% today and 117% over the last 7 days. The token, which has gained significant attention due to its unique mission and backing by Vitalik Buterin, the co-founder of Ethereum, continues to demonstrate robust momentum. Token Overview: A Token With Purpose Fable Of The Dragon, represented by the token $TYRANT, is not just another cryptocurrency; it stands at the intersection of innovative blockchain technology, digital identity, and philanthropy. The token's multi-faceted utility positions it as a key player in the evolving cryptocurrency landscape, and its long-term mission extends far beyond simple financial transactions. Digital Currency & Marketplace for Soulbound Tokens At its core, $TYRANT functions as a digital currency, facilitating seamless transactions and exchanges across various platforms. Its primary distinction, however, lies in its role within a marketplace designed for Soulbound Tokens (SBTs). These unique, non-transferable digital assets represent a person’s passions, interests, and identity, making them personal and intrinsic to their owner. By tying ownership of these tokens to an individual, Fable Of The Dragon emphasizes individuality and authenticity within its digital ecosystem. Integration with NFTs and Governance $TYRANT further extends its utility into the world of Non-Fungible Tokens (NFTs), enabling users to buy, sell, and trade digital collectibles and artworks in a secure and decentralized manner. With the rapid growth of digital art and NFTs, this feature positions the token to capitalize on the booming digital collectibles market. Another critical element of the $TYRANT token is its function in governance. Token holders have the power to influence the platform’s direction, participate in votes, and contribute to decisions on the platform. This governance feature ensures the community remains at the heart of the project’s development, promoting a **democratic and decentralized approach**. Supporting Anti-Aging Research Perhaps one of the most compelling aspects of the Fable Of The Dragon project is its commitment to anti-aging research. The team behind $TYRANT is dedicated to supporting scientific advancements through donations, special programs, and community engagement. This humanitarian angle sets the project apart, aligning its mission with individuals passionate about longevity and medical progress. As the crypto world continues to expand, Fable Of The Dragon demonstrates that blockchain technology can have applications that reach beyond finance, contributing meaningfully to societal benefit. Technical Analysis: Bullish Momentum Continues Fable Of The Dragon’s strong fundamentals are now being matched by equally impressive technical indicators. As of today, $TYRANT is up 54%, and over the past week, it has surged 117%, signaling a strong bullish phase that many investors are eager to capitalize on. The token is currently in a bullish breakout from a falling wedge pattern, a significant technical indicator often associated with a potential upward trend reversal. This pattern signals that the token could be headed for sustained bullish momentum. At the time of writing, the Relative Strength Index (RSI) of $TYRANT is sitting at 83, which is firmly in the overbought territory. While this could suggest that the asset is due for a short-term correction, in this case, it is serving as a catalyst for more buying momentum. The overbought RSI reflects a strong demand for the token, with investors showing no signs of slowing down. The token is currently trading above major moving averages, which indicates sustained upward momentum. These averages often serve as key support levels, reinforcing the token’s current bullish trajectory. With momentum building, $TYRANT appears poised to revisit its March 2024 high of $0.36, a key resistance level that, once broken, could pave the way for even greater gains. The Road Ahead: A Token on the Rise Beyond its technical and fundamental strengths, Fable Of The Dragon continues to capture the imagination of the cryptocurrency community. The project’s animated film, linked to the $TYRANT token, not only provides entertainment but also serves as a medium to convey the project's mission and values. This innovative integration of entertainment and crypto helps differentiate the project, adding to its appeal and ensuring broader outreach. $TYRANT’s no tax transaction policy makes it an even more attractive proposition for both seasoned investors and newcomers to the crypto space. By eliminating transaction taxes, the token encourages adoption by providing a user-friendly experience. In conclusion, Fable Of The Dragon is a visionary project with far-reaching implications. From facilitating digital transactions to supporting anti-aging research, it represents the best of what blockchain technology can offer. As the token continues to surge in value and gain community traction, now may be the perfect time for investors to hop in and ride the wave to new highs. Final Thoughts With a robust foundation, strong community engagement, and promising technical indicators, $TYRANT is positioned to achieve even greater success. Whether you’re interested in the token’s potential as a digital currency, NFT marketplace tool, or its role in philanthropy, Fable Of The Dragon has something for everyone. Investors and blockchain enthusiasts alike should keep a close eye on this project as it continues to grow and evolve. Disclosure: Always perform your own research before investing in any cryptocurrency.
UNISWAP:TYRANTWETH_3AF73B.USDLong
by DEXWireNews
Fable Of The Dragon: A Pioneering Blend of Blockchain InnovationIntroduction: In the rapidly evolving world of cryptocurrencies, unique projects often stand out due to their innovative nature and commitment to societal impact. One such project is "Fable Of The Dragon," which not only leverages blockchain technology for security and transparency but also aims to contribute significantly to anti-aging research and community building. This initiative reflects a thoughtful integration of technology with philanthropic goals, driven by the $TYRANT token. Soulbound Tokens (SBTs) "Fable Of The Dragon" is distinguished by its use of Soulbound Tokens (SBTs). These digital tokens are a novel concept in the blockchain space, representing non-transferable assets that signify an individual's achievements, interests, and identity. Unlike traditional tokens, SBTs cannot be traded, making them a personal and permanent fixture in a user's digital portfolio. This attribute enhances the security of digital identities and provides a new layer of interaction within the blockchain community. The project's ecosystem also includes an engaging digital marketplace where these unique tokens can be showcased and celebrated. This platform not only fosters a sense of community among participants but also allows them to contribute to charitable causes effectively. The Gaming Experience: An integral part of "Fable Of The Dragon" is the "Legend of Fantasy War" game, which offers an immersive experience where players can engage in adventures, customize characters, and participate in narrative-driven events. The game is designed to reward players with SBTs for their achievements, further promoting the concept of digital identity and community within the ecosystem. Security Measures: The security framework of "Fable Of The Dragon" is robust, incorporating advanced blockchain technologies to safeguard user data and assets. The project employs a unique approach by integrating Soulbound NFTs into its security measures, ensuring that each digital asset is securely linked to its owner's identity. Additionally, the $TYRANT token operates on a 0% tax policy, minimizing potential vulnerabilities associated with transaction fees. Market Performance and Tokenomics: The $TYRANT token is not only a medium of exchange within the ecosystem but also a symbol of the project's broader goals. It facilitates transactions across the platform, including the trading of NFTs and participation in the digital marketplace. The token's design is aimed at simplifying transactions while ensuring security and fostering a user-friendly experience. Technical Outlook The $TYRANT token is currently trading at $0.0531, showing signs of stabilization after a prolonged downtrend. Several key technical indicators suggest a potential shift in momentum. The token is hovering around a significant support level at $0.05, which has held firmly in recent sessions. If this level continues to act as support, it could provide a foundation for a further upward move. Immediate resistance is located around the $0.087 mark, which coincides with the 200-day Moving Average (MA). A breakout above this point would be a bullish signal, potentially leading to further gains. Shorter-term resistance can be observed near the 50-day MA at $0.0463. - Moving Averages: - The 50-day MA is at $0.0463, and the price has managed to stay above it, indicating short-term upward momentum. - The 200-day MA sits at $0.0874, which may act as a stronger resistance if the price continues to rise. The MACD indicator is currently signaling a potential bullish crossover, with the MACD line crossing above the signal line. This could indicate that bullish momentum is starting to build. The Relative Strength Index (RSI) is currently at 59, suggesting that the token is in a neutral zone. A move toward 60 would indicate increased buying pressure and could be a sign of further upside potential. - Cup and Handle Pattern: A potential cup and handle pattern is forming on the daily chart, which is a classic bullish setup. The "cup" has formed over a longer period with a rounded bottom, while the "handle" is currently developing. This pattern typically signals an upward breakout if confirmed by rising volume and a price surge above resistance. Overall, $TYRANT is showing early signs of recovery, and traders should watch for a potential breakout above the $0.087 resistance level. A break above this key resistance would likely confirm a reversal from its prolonged downtrend. However, failure to maintain the $0.05 support could signal further downside risk. Conclusion: "Fable Of The Dragon" stands out in the blockchain community for its innovative use of technology to build a secure and engaging ecosystem. The project's focus on creating meaningful social impact, coupled with its commitment to enhancing digital identity security, sets a new standard for what blockchain technology can achieve. As the project continues to evolve, it offers a promising model for how technology can be harnessed to benefit society at large. Whether you are a gamer, a crypto enthusiast, or a philanthropist, "Fable Of The Dragon" offers a unique opportunity to be part of a revolutionary project that bridges the gap between technology and social good.
UNISWAP:TYRANTWETH_3AF73B.USDLong
by DEXWireNews