In the latest strange DEX market rally, an unlikely token named ‘10000x’ has exploded +5,000%, but as market attention shifts towards a new Bitcoin ETF project, will 10000x dump?
Recent months have seen a huge trend in explosive DEX-traded token moves, with countless moon-shots garnering significant attention, including the ever-popular APX, SAMBO Bot, Baby Meme, TIME, ROCKY and IO.
Dextool recently updated socials (DYOR)
Token: $10000X (10000X)
Current tax: ?/?
Contract: 0x86bf94708ccde8729350c4addb745db2be3802a4
Detail Telegram on bio
— Hannah Announcement (@Hannahcoineth) November 27, 2023
With little to no marketing on social media, the obscure new 10000x token appears to be a straight up high-risk moon-shot attempt, with price action undertaking volatile moves amid no liquidity lock.
10000X Price Analysis: As New Moon-Shot Attempt $10000X Token Posts +5,000% Move – Are There Better Alternatives?
Amid a seismic dumping move, the mysterious 10000X Token is currently trading at a market price of $0.00001023 (representing a 24-hour change of -97.6%).
The downside cascade has broken out over the past two-hours, with price plummeting from a top of $0.00425 as the unlocked liquidity pool began draining away.
This comes despite rocketing to a $10m market cap yesterday, in a dazzling move, that saw price shoot up a whopping +3,581% in the first-hour of trading.
Yet, although 10000X token was able to undertake a sensational upside move – price action remained static in consolidation above $0.004.
Across 12-hours trading there was little to no volatility, highlighting the suspicious nature of this likely rug-pull coin.
However, this failed to deter 300 – now fearful holders – that rushed into the chart amid 82% buy-volume, ahead of the dramatic dumping price action.
This goes to highlight the risks of DEX traded tokens – with significant dumping moves pushing smart money away towards safer early-backer plays like presales.
One such ongoing presale is surging as markets brace for the arrival of highly anticipated Bitcoin spot ETFs.
This 10000x 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 $37,000 cost of becoming a wholecoiner.
Bitcoin ETF Token ($BTCETF) is currently trading at a market price of $0.006 in funding round stage 1 with an alluring $1,909,232 raised in the opening week of the presale.
The #BTCETF #Token stands as more than a typical #DigitalCurrency; it’s a forward-thinking initiative shaping the future of #Bitcoin ETFs.
Leveraging #Ethereum, #BitcoinETF foresees and embraces this forthcoming evolution, presenting exclusive advantages to its user base. pic.twitter.com/inReCyJ3Ax
— BTCETF_Token (@BTCETF_Token) November 28, 2023
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 $FROGE 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 – connect with the project on X (Twitter) and Telegram for more details.
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.
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