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TROY

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The cryptocurrency Troy (<a href="https://yellow.com/asset/troy">TROY</a>) which is a result of the gaming and AI intersection is on a <a href="https://crypto.news/troy-token-price-surges-after-exchange-listings-but-flirts-with-overbought-territory/">parabolic curve,</a> surging for 8 days straight. A day before the US election the token reached its highest level observed since July last year. 
TROY gained 342% in October to reach the $0.0042 level from its lowest point last month. The token's remarkable rally helped the market capitalization to cross the $41 million mark. This sudden surge in Troy is attributed to the token getting listed in the 2 top crypto exchanges - Binance and Bitget. 
Thanks to the listing the open interest of TROY reached $57 million. Most of it came from crypto exchanges BingX, Bitget, and Binance. If we compare this open interest to last week’s at $3.5 million it will point out to the benefits of crypto exchanges listing. 
The digital asset also gained traction from investing in Unicorn Verse which is known to have investments with other cryptos like Simon’s Car, CoralApp, LeverFi and Ponke. 
The Troy blockchain network operates TROY Play which is a marketplace for AI agents accessible through TROY ID. Using this platform crypto users can import AI agents from third party apps and other networks like AgentLayer’s AgentStudio. 
It also has the TROY DAO membership which provides early access to AI agents while there is TROY Trade which is meant for the growth of AI projects within the network. The developers of Troy have allocated $10 million to expand the system. 
However, most crypto investors are concerned with the drop in the token’s holding addresses, which declined to 2160 over the weekend from 2197. Around 98% of the TROY token is held by the top 10 holders which means they could exert a selling pressure on the cryptocurrency. 
Troy reached its lowest point since August recently when it touched $0.00097 but it soon soared to triple digits. The token is displaying a golden cross pattern on the price chart now after overcoming the 50-day and 200-day moving averages. 
While its RSI has risen to the overbought level of 74.57 the token’s MACD indicator is continuing to surge, with the two lines reaching their highest point in months. This suggests that TROY might see some bearish movements in the upcoming days which can result in a drop to the $0.0023 support level. This is the digital asset's lowest since last Sunday. The coin is likely to surge further if it overcomes the $0.0042 level, the highest of this week. 
As of November 5 evening, <a href="https://coinmarketcap.com/currencies/troy/">Troy is up</a> 15.46% in the last 24 hours as it trades at $0.004688 while its trading volume has risen by 7.08% to touch $166.81 million. The market capitalization of the token stands at $40.31 million, up 15% in the last 24 hours.

Troy Rallies To Hit $41million Market Cap As Open Interest Soars After Binance Listing

Yellow News

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