Small Mcap, Big Opportunity ----XGNAfter the ETH ETF was listed, the market experienced a callback, but BTC rose after falling yesterday, and a pin-bar appeared on the daily level. The market is the same as it has been several times before, and the bulls always strengthen after the bears are released.
Many tokens have experienced large rebounds, led by BTC. In this case, the tokens with small Mcap and good fundamentals always perform better, have the greater the potential gains.
So today we’re going to talk about the small cap token, XGN. XGN is the token of the DEX aggregator 0xGen. In addition to the DEX aggregator, 0xGen is developing intent trading by adding AI and interoperability. To achieve transactions on multiple chains after traders express simple needs. And the prediction market is also in the route map.
Both AI and interoperability are the main tracks of 2024 H2, with huge development potential. Currently only from a DEX aggregator perspective, XGN’s FDV is only $14m, which is seriously undervalued for the protocol.
Next up is TA, on the daily level, although after the TGE, the token saw a decline. But after a month of fluctuation at the bottom, XGN started to rise. And the long green candle is accompanied by more obvious trading volume. From the WTA indicator, the blue column representing whales is involved in trading, which is a positive signal.
On the 4h level, whales also appear in droves during the rise. The ME indicator changed from orange to purple, which means that the indicator show XGN has entered a bullish trend. And almost repaired all declines except the first candle. (shown by the red dotted line).
As mentioned at the beginning of the article, in the past history, whenever BTC tested the support level and gained bullish power, tokens with small Mcap would have a more obvious pump. Combined with 0xGen’s good fundamentals, XGN has a greater possibility of rising.
