In the latest DEX launched memecoin to skyrocket, new Nutcoin token has undertaken a sensational +9,000% NUT price explosion, but how high can this moon-shot fly?
Recent months have seen a huge trend in explosive DEX-launched tokens, with countless moon-shots garnering significant attention, including the ever-popular APX, SAMBO Bot, Baby Meme, MILK, XDOGE and IO.
New MEME
One word?
Nope,more marketing plan !!! pic.twitter.com/JAx1IZpzeh
— NutCoinOffice (@NutCoinETH) November 9, 2023
Nutcoin appears to be a straight-up meme coin skyrocket, with no apparent utility, and a marketing strategy seemingly reliant on meme absurdity.
NUT Price Analysis: How High Can Nutcoin Fly As Price Skyrockets +9,000%?
As NUT price continues to hammer-up high amid intense buying pressure, Nutcoin is currently trading at a market price of $0.0003128 (representing a 24-hour change of +9,938%).
This comes only hours after the impressive launch, at just 3:00AM on November 13 (suggesting the launch likely comes from the Asian market).
Instant traction swept the chart in the initial hours of trading, with price hammering up to establish a strong ascendant upper trendline in the first 3-hours (an electric +2,884% move).
The dramatic pump upon launch captured the interest of eagle-eyed DEX traders, triggering a huge influx of move than $536k in trading volume over the subsequent 5-hours.
With price still fuelled up by the surging interest, Nutcoin is continuing to post new all-time highs as I write, this stems from significant buy pressure which currently represents 64% of transactions (over the past hour).
Still, it appears room remains for significant growth in Nutcoin from here, with just 268 holders at present, a lowly market cap of $2.13m, and 16 hours until the end of its first day of trading.
Similar memecoins often push up to 1,500 holders and $5-10m market caps, suggesting that Nutcoin could still undertake up to a 5x move from its ongoing moon-shot (suggesting a top price target of $0.002).
Yet, with recent DEX tokens such as PEPE2 dumping dramatically in recent weeks, it’s important to exercise a degree of caution when considering the extremely high risks of DEX-launched meme coins.
This is why some investors with less risk tolerance are turning their attention to a fully audited Bitcoin-related presale for more reliable moon-shot returns.
This Bitcoin Alternative Token Could Skyrocket Amid Bitcoin ETF Bullrun – Don’t Miss Out
A new Bitcoin alternative presale launched this week, offering eagle-eyed traders the opportunity to make it big on unfolding Bitcoin ETF rumors, without having to eat the $36,000 cost of becoming a wholecoiner.
Bitcoin ETF Token ($BTCETF) is currently trading at a market price of $0.005 in funding round stage 1 with an alluring $493,000 raised in the opening weekend of presale.
Designed and built with skyrocket potential in mind, this promising token aims to bank big on market excitement surrounding the ongoing applications for Bitcoin spot ETFs.
Aiming for a hard-cap of $5m in presale funding, the early-stage of this emerging project’s presale offers investors a unique opportunity to get in during this early entry point, which could set the stage for life-changing gains.
Ride the ETF Rally with Ease: Bitcoin ETF Token is a Critical Component in Every BTC Trader’s Toolbox
Indeed, Bitcoin ETF isn’t simply a useless meme coin, beyond taking aim at the biggest narrative in crypto – BTCETF has a major utility: Bitcoin ETF news alerts.
The token’s dApp offers traders a live-feed of the latest Bitcoin spot ETF information and news, with sophisticated technology tracking applications real-time at the SEC, and high-speed bots monitoring social media for the latest breaking ETF news.
But a simple feed of Bitcoin spot ETF news only highlights a fraction of Bitcoin ETF token’s potential, with easy-access to real-time update alerts offering sharp traders the opportunity to make market-beating returns stress-free; being amongst the first to hear about privileged Bitcoin Spot ETF news.
This could enable traders to position themselves appropriately in seismic Bitcoin market movements, making Bitcoin ETF token a critical component in every BTC trader’s tool-box this Winter.
Surging Interest in Bitcoin Alternatives Leaves $BTCETF Poised to Outperform Nutcoin Token
Project tokenomics are bolstered by ambitious plans for the incorporation of staking rewards that incentivise long-term holding, alongside a burn mechanism, which will enhance $BTCETF as a ‘digital gold’ alternative, by creating a deflationary mechanism in price.
Set for stage 3 of the Bitcoin ETF project roadmap, an initial burn mechanism will be introduced amid a well-marketed DEX launch, imposing an initial 5% burn tax on transactions – this will be reduced by -1% each time a Bitcoin ETF news milestone is reached.
However, plans are afoot for a larger burn mechanism in stage 4, in a move that will see 25% of token supply burned overtime, this will be conducted in 5% burn intervals – with each supply-side reduction taking place as a Bitcoin ETF news milestone is met.
The milestones for the burn mechanism are as follows:
Milestone 1 – $BTCETF Trading Volume hits $100m – burn tax on transactions reduced from 5% to 4%, and 5% of total supply is burned.
Milestone 2 – First Bitcoin ETF is approved by SEC – burn tax on transactions is reduced from 4% to 3%, and a further 5% of total supply is burned.
Milestone 3- First Bitcoin ETF launch date – burn tax on transactions is reduced from 3% to 2%, and a further 5% of total supply is burned.
Milestone 4 – Bitcoin ETF assets under management (AUM) hits $1bn – burn tax on transactions is reduced from 2% to 1%, and a further 5% of total supply is burned.
Milestone 5 – Bitcoin price hits $100k – burn tax on transactions is reduced from 1% to 0%, and a further 5% of total supply is burned.
This will create a gradual decrease in total supply, eventually leaving around 70% of BTCETF in circulation, with the supply side reduction inducing upside price growth.
And that is without considering the potential for token value accrual driven by demand from traders for access to the ETF news dApp and the ever-present demand for Bitcoin alternatives.
Indeed, 2023 has seen explosive growth in Bitcoin related tokens – with markets showing a real appetite for BRC-20 ordinal tokens, Bitcoin Cloud Mining, and Bitcoin derivatives.
So don’t miss your chance to get in early ahead of the next major Bitcoin rally leg.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
The post As New Nutcoin Token Goes Up +9,000% Overnight, This New Project May Be the Next Crypto to Explode – 100x Possible? appeared first on Cryptonews.