Meme cryptocurrency, Volt Inu (VOLT), is one of the few cryptocurrencies that is seeing a rise right despite bearish conditions in the crypto market. Since November 10, Volt Inu has surged over a staggering 175% in price from $0.00000076 to highs of $0.00000209 at the time of writing.
A close in the green today would mark VOLT’s ninth consecutive day of price action. At the time of publication, VOLT was trading up 16% at $0.000001951 and ranks among the top gainers as it is up 102% in the past seven days.
Volt Inu (VOLT) is a deflationary token on the Ethereum blockchain that utilizes true deflationary techniques and additional revenue generation.
The daily RSI is nearing overbought conditions as it is above the 70 mark. This suggests that the rally may take a breather either in slight consolidation or decline before the move continues.
Dan Gambardello, Cryptocapital venture founder predicts ‘’I think BTC will far surpass $250k. I think ADA and XRP will far surpass $15. And I think there will be a ton of 50x-100x coins in play. All a risk. No guarantees. But I’m here for it’’.
Tim Draper, a well-known venture capitalist, recently told Bloomberg that the price of bitcoin may reach $250,000 and perhaps go higher than most of those incredibly aggressive price predictions.
Despite the severe market decline, Draper still stands by his projection. “It will take a moment when you can buy your food, your clothing, and your shelter all in Bitcoin.”
He continued by stating that women account for an astounding 80% of all retail expenditures.
Draper is sure they can finally bring Bitcoin into the mainstream. “When women realize that they can get a discount by paying in Bitcoin, when retailers realize that they can double their profits by accepting Bitcoin, it’s gotta move pretty quickly.”
Currently, the price of bitcoin is below $17,000 following the collapse of the FTX crypto exchange.
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