While most digital currency markets are depreciating, some non-fungible token (NFT) -based cryptocurrencies have aroused the heat of the cryptocurrency market in recent times.
In particular, such as AXS, Sandbox, SLP and TVK are exhibiting increasing trading volumes day by day.
However, Ethernity Chain (ERN) a blockchain-based platform that produces this limited edition authenticated non-fungible token (ANFT) has seen a ‘brutal’ surge since yesterday.
Recently, CONMEBOL has partnered with Ethernity Chain to lift the trophy as NFT, to commemorate the 47th Copa America, the auction session sold for around RM74,722.
Congrats to AngelaBitcoinZ with the winning 9.1 ETH Bid on the 1/1 @CopaAmerica Trophy! 🏆⚽️
In the end it was #Argentina 🇦🇷 to hoist the iconic award, solidify Lionel Messi's legacy and now Angela will own a piece of history forever ~! #aNFTS #NFT pic.twitter.com/rn91yWWnGP
- Ethernity Chain (@EthernityChain) July 15, 2021
The 47th Copa America, the premier football tournament for South American international teams, saw the result in favor of Argentina beating Brazil 1-0 in the final.
Interesting if you look closely at the current movement chart of the ERN/USDT price.
When the ERN analysis article was released in early July, the ERN was trading around $ 5.6, but has now produced a 90% positive jump.
As a result, the price movement has consistently continued to record the latest consecutive all-time high (ATH) level, reaching a price of $ 10.6 since yesterday.
From a technical point of view, the price movement still remains bullish momentum and has passed the RBS zone (resistance become support) around $ 9.0 where the price movement is seen hovering either making a price correction (correction) or continuing to rise higher.
As for the next expectation, if the price movement remains with its movement momentum, the Resistance level around $ 10 will be the next focus to be tested before making a higher rise or will make the latest all -time high (ATH) level.
Meanwhile, if the ERN price movement shows a bearish trend again, the price movement will retest the RBS zone around $ 9.0 before making a lower decline or just a retracement, and will be the next observation by investors.
At the time of writing, ERN/USDT is trading at around $ 9.5 up over 45% in the last 24 hours. ERN coins at once took 259th place from 372nd position previously in the market.