What Is EGO Token (Paysenger) And Its Technical Price Overview?

EGO token serves as the proprietary currency within the Paysenger ecosystem, a dynamic platform that unites content producers, enthusiasts, and commercial entities. 

Per CoinMarketCap, its ecosystem fosters direct monetization and heightened interaction among its users. Leveraging cutting-edge and exclusive AI technology, co-developed with the expertise of Dr. Tamay Aykut, formerly associated with Stanford, Paysenger is crafted by a seasoned team and enjoys backing from prominent blockchain entities like Polygon and ConsenSys.

Mainly, the service enables users to commission personalized content from creators, offer gratuities, or seek specialized knowledge, all through financial transactions. Additionally, it provides access to exclusive content on a subscription model.

In the same way, by integrating EGO tokens as a medium of exchange, Paysenger broadens its support for content creators, incentivizing user participation through task-based token rewards.

Above all, the platform facilitates unique partnerships between content innovators and creators, catalyzing the conception and materialization of fresh content. Equally, it empowers fans to actively back their favorite creators, engage in dialogue, and commission bespoke media pieces.

Moreover, addressing ethical concerns around AI in art, Paysenger has introduced a novel AI model tailored to individual artists. This model is trained to emulate and produce artwork reflective of each creator’s distinct style, thereby preserving artistic integrity.

EGO Price Analysis Over Daily Time Frame

The EGO crypto price aaction has revealed strong recovery by Sam_TCR on TradingView.com

The EGO chart shows a strong recovery as the price rallied abruptly from a crucial level of around $0.4500, jumping over the resistance high at $0.11700.

On the further note, based on the recent price structure on EGO chart, it appears like the crypto is set for breaking more resistance levels and rocket to new peaks around $0.15107 and $0.20017 from the current support zone.

The EGO asset is showing bullish signs and displays enormous potential to grow further in the coming sessions. In the previous sessions, it performed well in the past week by 57.92%, and month by 215.42%, indicating a strong uptrend.

At the time of writing, the EGO crypto had surged 13.00% over the last 24 hours, and the price is currently trading at $0.12010.

Therefore, if the demand for this EGO token remains high, the asset price could continue to rise. However, if the crypto price fails to stay above the $0.10500 level, it could decline further and the price could reverse as well.

Summary

EGO has been on a bullish trend, showing significant growth on the daily chart. It has recovered strongly, rallying from around $0.4500 and surpassing the previous resistance level of $0.11700. 

The current price action suggests that EGO may break further resistance levels and potentially reach new highs around $0.15107 and $0.20017. 

The token has shown impressive performance, with a 57.92% increase over the past week and a 215.42% increase over the past month. 

Currently, EGO token is trading at $0.12010, up 13.00% in the last 24 hours. If the demand remains strong, the price could continue to rise. However, a failure to maintain the $0.10500 support level could lead to a price reversal and further decline.

Technical Level

Support Levels: $0.10500

Resistance Levels: $0.15107

Disclaimer

In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.

Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages ​​and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.