As PEPED Coin Races Up 1,500% on DEXTools, This Under-Radar Crypto Has Scooped Up $2 Million – What Does it Do?
DEX market activity is fuelling seismic on-chain activity and PEPED coin is the latest DEX-launched to explode after a +1,500% skyrocket, but could this under-radar crypto be next following $2M presale?
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.
The owner just paid the dextool update fee (DYOR)
Token: $PEPED (PEPEDAO)
Current tax: ?/?
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— Hannah Announcement (@Hannahcoineth) November 24, 2023
PEPED coin appears to be a quick-fire copycat of a similarly popular meme coin of the same name on BNB Chain – which acts as the native token for PEPEDAO.
However, this new PEPED token seems to have little to know utility, and no significant marketing presence on social media – making this a straight up overnight skyrocket.
PEPED Price Analysis: Is Copycat PEPED Coin Going to Zero Amid Highly Volatile Price Action?
As PEPED coin once again pushes up, PEPED is currently trading at a market price of $0.0003100 (representing a 24-hour change of +1.69%).
This meagre gain comes after a dramatic night of price action on the PEPED chart, with heightened volatility stemming from PEPED coin’s lowly market cap.#
Indeed, with just 285 holders PEPED’s mesmerising +1,500% rally was fuelled by a trickle of just $200k in trading volume.
However, PEPED’s origins go back much further than that with a launch date on November 24.
Initial movements saw PEPED price shoot up from a launch price around $0.00001 to an all-time high of $0.0007275, but this was followed by a failed consolidation, with price subsequently plummeting -97%.
A period of inactivity followed, until at 10AM on November 28 a sudden influx of $200k in trading volume fuelled an impressive +1,500% price move to higher support at $0.000304.
And despite ranks of underwater holders from PEPED’s November 24 price pump, there has been little sell-off behaviour in this yesterday’s recovery rally (buy pressure currently stands at 82% of transactions).
This is promising for PEPED’s future on the short-time frame, with a lowly $310k market cap creating the opportunity for aa quick 3-5x move with very little volume.
To the upside, PEPED coin has a target at higher support around $0.0052 (a potential +67% move from here).
While downside risk could see PEPED return to lower baseline support at $0.00016 (a possible -95% drop).
PEPED therefore carries an ongoing risk: reward ratio of 0.71, a bad entry characterised by outsized downside risk, with a substantial risk of becoming exit liquidity.
But while PEPED coin offers an unattractive trade, an emerging Bitcoin ETF themed presale is surging amid heightened market sentiment.
This PEPED Coin 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 $37,000 cost of becoming a whole-coiner.
Bitcoin ETF Token ($BTCETF) is currently listed at a market price of $0.006, with an alluring $1,960,308 raised in the opening week of the 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 $FROGE Token
Project tokenomics are bolstered by ambitious plans for the incorporation of staking rewards that incentivize 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.
Buy Bitcoin ETF HereDisclaimer: 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.