RAMP (Ripple Achieving Market Pulse) is a token that is used for making payments. It is the first decentralized stablecoin ever made. RAMP has a stable value, unlike other stablecoins that have had their value fluctuate greatly. RAMP is meant to be pegged to the U.S. dollar.
RAMP is an interesting project due to its feature set and since it is not yet available on an exchange or on any other crowdsale tracker. RAMP is a new utility token, of which there are many in crypto, which aims to bring together an ecosystem of decentralized applications (Dapps) to create a “decentralized internet.” RAMP is the native token of the RAMP network, an ecosystem of Dapps that are powered by Hyperledger Fabric 1.0. The project aims to deliver a new way to monetize the internet by creating a decentralized network that will give access to all users to all content.
RAMP is a cryptocurrency that has been around for less than a year, but it has been growing rapidly. No one knows exactly how large it will be, but one thing is for certain: RAMP will make a lot of people a lot of money. And that’s why we’re predicting that RAMP will hit $1.00, or at least have a lot of people thinking it will.
- The range of bullish RAMP price predictions is $0.38 to $0.57.
- The RAMP pricing may potentially go up to $1.
- For 2021, the RAMP bearish market price forecast is $0.12.
We utilize data, price trends, ADX, and other information about RAMP to evaluate the cryptocurrency’s future movement in RAMP price forecast 2021.
RAMP DeFi is a decentralized protocol aimed at increasing DeFi adoption by enabling non-Ethereum (ETH) users to deposit tokens on the Ethereum network. Simultaneously, Ethereum users may engage with the RAMP protocol to boost their profits. RAMP DeFi combines a stable currency dubbed rUSD issued on the Ethereum blockchain with leveraged money from non-ERC20 gaming blockchains.
The primary objective is to optimize capital efficiency in multi-layered digital assets, where users are rewarded for their involvement by unlocking liquidity in shared assets while simultaneously collecting numerous sources of profit. By putting their ERC20 stablecoins into the eUSD RAMP liquidity pool, users who already use the Ethereum network may earn eUSD.
RAMP’s Current Market Situation
At the time of writing, the price of RAMP was $0.38, with a 24-hour trading volume of $41,176,587, according to Coingecko. RAMP, on the other hand, has risen by 5.1 percent in the past 24 hours.
Furthermore, there are 338,972,185 RAMP coins in circulation. RAMP is currently traded on Binance, FTX, ZT, Hotcoin Global, and HitBTC, among other cryptocurrency exchanges.
Price Forecast for RAMP in 2021
At the moment, RAMP is ranked 370th on CoinGecko. The price of RAMP in 2021 is forecasted using a daily time period, as shown below.
Descending Triangle Pattern RAMP/USDT (Source: Tradingview)
A descending triangle is a bearish chart pattern formed by connecting a series of lower highs with a series of lower lows using one trend line and a second horizontal trend line. It’s a warning for short-term traders that a collapse is about to happen. The descending triangle is a popular chart pattern among traders since it clearly indicates the demand for a certain item.
RAMP is now trading at $0.38. RAMP may then continue to decline or increase, depending on the breakout direction. If the trend breaks out at the initial resistance level of $1, RAMP may shortly hit the resistance level of $0.5. If the trend continues, RAMP’s price may decrease below $0.16.
Support and Resistance Levels in RAMP
The chart below depicts RAMP’s support and resistance levels.
Support and Resistance Levels for RAMP/USDT (Source: TradingView)
According to the aforementioned chart, the resistance and support levels for RAMP are as follows.
- $0.38 is the first level of resistance.
- $0.57 is the second level of resistance.
- $1 for Level 3 Resistance
- Level 1 Support – $0.28
- Level 2 Support – $0.19
- Level 3 Support – $0.12
RAMP’s negative performance during the preceding month is shown in the chart. This trend, however, will eventually hit the $1 resistance level. If the trend were to reverse, RAMP might fall below $0.12, indicating a bearish indication.
Average Directional Index of RAMP (ADX)
Now let’s have a look at RAMP’s ADVANCED DIRECTIONAL INDEX (ADX). The ADX, in particular, aids traders in assessing the strength of a trend as opposed to its direction. It may also be used to see whether the market is shifting or if a new trend is about to start. However, it is connected to the Directional Movement Index (DMI).
The oscillator also has a range of 0 to 100. Furthermore, a high number indicates a strong trend, while a low value indicates a weak trend. It’s also often used in conjunction with directional indicators.
The ADX of RAMP is shown in the chart above, with a range of 60.88, indicating a very strong trend.
Conclusion
The RAMP is a cryptocurrency that is ideal for long-term investment. Furthermore, until the breakout direction is verified, RAMP price forecast will be bearish or bullish. However, there’s a high possibility it’ll hit $1.01 this year. This, however, will only happen if a number of prior psychological obstacles are overcome.
Furthermore, with the improvements and updates to the RAMP ecosystem, RAMP’s performance is expected to increase to $0.5 in the near future. However, if investors think RAMP is a solid investment in 2021, it might reach $1.
Disclaimer: The views stated in this graph are entirely those of the author. It should not be construed as investment advice. Before investing, TheNewsCrypto staff advises everyone to conduct their own research.
RAMP, a crytocurrency is a popular cryptocurrency, as it grows in value as well as gaining more followers. RAMP was created as a way for users to store, transfer and trade their cryptocurrency without difficulties, as it is easy to use and accept. RAMP is being traded with a current market cap of $772,199,554 and is expected to reach a price of $1.00 by 2021.. Read more about ramp coin price prediction and let us know what you think.
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