FWEN Token Shoots Up 1,000% Overnight and New Bitcoin Project Goes Viral For Makes Mining Simple – 100x Potential?
In the latest surge on-chain FWEN has surged +1,000% – as market interest gravitates to the Friend-Tech linked, BASE-launched, airdrop token.
📢 Announcement: The first batch claim was only 10% of the total eligible amount.— FWEN (@fwenxyz) October 2, 2023
Second batch starts from 8am GMT 2nd Oct
We are just getting started, and there’s so much more to come! #wraf $fwen pic.twitter.com/HLfXDzSP8i
And this comes ahead of a highly-anticipated bridge launch; which will see FWEN’s offering expand to ETH-BASE token bridging.
FWEN Price Analysis: How High Can FWEN Airdrop Pump?
Amid the dramatic upside move FWEN has undertaken an impressive consolidation, with the well-defended display by bulls leaving FWEN currently trading at a market price of $0.051961 (representing a 24-hour change of +947%).
This comes following an explosive token launch on October 1, which saw price action shoot-up +2,055% from launch price in just 5-hours, to hit an all-time high at $0.054300.
In the hours since, FWEN price action has entered localized retracement as early-backers take profit, however, solid support established at $0.051760 has set the footing for rally structure to resume as traction continues to grow.
This growth in interest is showcased by the strong buy pressure underpinning on-going price action, with buys comprising 62% of transactions.
And this has unlocked sensational volume – with more than $5.18m in trading volume over the past 24-hours fuelling a $1.48m market cap.
Overall, with an unbreakable support level at $0.051760 – established across 12-hours of consolidation – price action is now poised to push-up higher as Monday markets undertake an impressive open.
On the short-time frame (next 6-hours) this leaves an upside target at $0.053240 (a potential +65% move from here).
While to the downside, risk seems limited here by lower support at $0.051760 (a limited -10.36% tumble).
This leaves FWEN with a current risk: reward structure of 6.33 – a brilliant entry for an emerging ETH-BASE bridge.
But while on-chain markets are running the risk of airdrop tokens – which in the past have seen bleed-out price action, other traders are flocking to a new Bitcoin mining token that offers a lucrative opportunity to diversify your Bitcoin position.
Diversify Into Bitcoin Mining: Bitcoin Minetrix’s Presale Smashes $300k Raised
Bitcoin mining, long seen as a domain dominated by colossal corporations with their deep pockets and access to state-of-the-art equipment, is undergoing a transformation.
Bitcoin Minetrix aims to ensure this lucrative venture is not just confined to the elites but is accessible to everyone.
How? By rewriting the rules of mining through its innovative Stake-to-Mine model.
In a move aimed at side-lining energy-guzzling equipment, Bitcoin Minetrix provides an avenue where BTCMTX token holders can stake their tokens to receive mining credits.
These credits unlock the door to efficient Bitcoin cloud mining, making the process sustainable, secure, and, importantly, within everyone’s reach.