As LINDA Token Grows 8,000% Overnight, This Unknown Crypto Platform Surges Past $3.4 Million Milestone
The LINDA Token price has rocketed by as much as 8,000% overnight, with the new meme coin rising to a high of $0.00008577 after listing on Uniswap three days ago.
Reportedly taking its name from ConsenSys founder Joe Lubin’s pet dog, LINDA has already fallen substantially since reaching its highest level yesterday, although it does remain up by 4,480% in the past 24 hours.
Yet given that it’s another anonymous meme token with no fundamentals whatsoever, traders should probably prepare for the possibility that LINDA will decline even further soon enough.
In this case, they may be better off looking at other new altcoins, with Bitcoin ETF Token raising $3.4 million in its presale as it prepares to list in the coming weeks.
LINDA Token Grows 8,000% Overnight
In contrast to the majority of junk tokens, which tend to rise suddenly and then die soon after in one fell swoop, it seems that the LINDA token may have some staying power.
After falling to a 24-hour low of $0.000002228, the meme token has now recovered to $0.000003179, suggesting that it might still have a few more gains in store.
Yet it’s worth pointing out that its trading volume has declined considerably in the past couple of days, a potential sign that it may be experiencing a ‘dead cat bounce.’
In other words, it may not have long left, especially when it seems to have no online presence or real following, with DEXTools unable to provide a holder count and giving it a low reliability score.
Bought some $LINDA as a rare meme play.
Apparently its the Linea mascot and pet of Joseph Lubin. (dyor idk shit)
Might go up, might go to zero 🤷♂️ pic.twitter.com/J00ZGy93GC
— BarryB ✍️ (@BarryBluee) December 10, 2023
In fact, audits suggest that LINDA’s contract has a few potential issues, including a modifiable trading tax and the ability to call external smart contracts.
This Unknown Crypto Platform Surges Past $3.4 Million Milestone
For this reason, most traders may prefer to avoid LINDA token and look elsewhere, with several presale coins currently gaining plenty of interest and momentum.
One of the strongest of these is Bitcoin ETF Token (BTCETF), an ERC-20 cryptocurrency that has raised in excess of $3.4 million in its token offering.
Europe's embracing #Crypto with initiatives like Markets in crypto assets regulation. 🌍
What digital assets do you think will gain traction next… pic.twitter.com/DPg0m5yJQB
— BTCETF_Token (@BTCETF_Token) December 11, 2023
In contrast to the vast majority of new cryptocurrency projects this year, Bitcoin ETF Token comes with some interesting and bullish tokenomics.
For instance, the coin plans to burn 25% of its max supply over time, destroying this percentage in 5% instalments that will coincide with milestones in the development of Bitcoin ETFs.
Its first 5% burn will happen when an SEC-approved Bitcoin ETF attains a trading volume of $100 million, while its final burn will take place when Bitcoin itself reaches $100,000.
Even more bullishly, holders will be able to stake BTCETF token, taking even more of the coin out of circulation and thereby boosting its price.
As a whole, such features look set to make Bitcoin ETF Token one of the most successful listings of 2024, with investors able to join its presale by going to the official Bitcoin ETF Token website.
There, they can buy BTCETF at a price of $0.0066, although the sale will increase this to $0.0068 in just over two days, while the coin’s listing on exchanges should see it surge.
Visit Bitcoin ETF Token NowDisclaimer: 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.