Korean cryptocurrency project RINGX Platform has surged by over 100%
RINGX is one of the most innovative applications of blockchain technology that has emerged over the past few years and is currently reversing a bearish trend, gaining 123% over the last week.
In this article, we will give you all you need to decide whether or not to invest in RINGX. We’ll give you some information on the project in general and a price target, as well as showing you the best place to buy RINGX.
How & where to buy RINGX in the UK and elsewhere
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What is RINGX?
RINGX aims to revolutionise the mileage industry using blockchain technology. The Korean startup wants to allow users to get the most out of their loyalty points, such as airmiles. RINGX will allow mileage systems to be integrated, permitting users to pool points from various merchants in order to access a greater range of rewards.
This is one of the more concrete use cases in the world of cryptocurrency and is a genuinely disruptive application of blockchain technology to a real-world problem that needs solving.
Should I buy RINGX today?
RINGX has been in a downtrend in recent months, but this is now reversing, with an incredible 100% gain in just 24 hours. These kinds of gains are rarely seen outside of the crypto market. With the price of RINGX still far below its monthly high, this is a great opportunity for investors who want to “buy the dip”.
After spiking in price twice in two days, RINGX has maintained its current price levels, meaning an investment arguably has little risk of declining much in value.
RINGX price prediction
Currently priced at $0.02535, RINGX is currently trading in a fairly stable range after its most recent jump in price. The next area of resistance for RINGX lies at around $0.03, which is within reach presently.
After that, there has been little price action between $0.03 and $0.06, suggesting that RINGX could easily “fill in the gap” and double in value very quickly if its breaks through the $0.03 resistance. This $0.06 level, as well as the monthly high of around $0.06779, are natural price targets.