As DEX launched spin-off tokens continue to post jaw-dropping rallies, BabyBonk token has emerged as the latest skyrocket after embarking on skyrocket +25,000% price pump.
This comes as 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, BabyGROK, TIME, ROCKY and IO.
BabyBonk
simple pic.twitter.com/UQ9wetcvxI
— barney (@barneyxbt) December 9, 2023
Spin-off tokens have emerged as a popular trend, fuelled by wide-spread FOMO amongst retail investors late to the meme coin party.
BabyBonk Price Analysis: Will BabyBonk Continue +25,000% Skyrocket – Or is It Doomed to Dump?
With price action fighting to secure a supportive foothold, BabyBonk token is currently trading at a market price of $0.0000000022401254726795958 (representing a 24-hour change of -20.22%).
The retracement movement follows BabyBonk’s impressive rally, which swept the chart just 9-hours after the token stealth launched on December 11.
While traction was initially slow, at around 01:00AM on December 12, a rally began to snowball as retail traders flocked to take position in the emerging pump.
Across 28k transactions, representing $979.36K in trading volume, driven by a shocking 14.92K traders, BabyBonk price surged +23,000% in just 18-hours, hitting an all-time high at $0.0000000006222.
However, the electric growth opened the window to opportunistic jeeting by early-backers sat atop substantial gains.
An on-going sell-off has consequently triggered a -20% retracement move, as price reels against 31% sell-pressure in hourly transactions.
Yet, despite the retracement move, which is fighting for lower support, BabyBonk could still enjoy serious growth from here – with a market cap of just $1.9m.
Similar tokens often reach $5+ market caps, suggesting there could be as much as a 2.6x gain from here for BabyBonk.
This is bolstered by an impressive $282k liquidity lock, providing a layer of reassurance to ongoing trades, suggesting a second rally leg is not unlikely.
But while high stakes DEX traders are weighing up a late-stage entry into BabyBonk, an emerging Bitcoin Spot ETF presale is poised to outperform this trade – and smart money are taking note.
Analysts Label This BabyBonk Alternative Token As Best Bitcoin ETF Price Gainer For Your Portfolio
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 $41,000 cost of becoming a whole-coiner.
Bitcoin ETF Token ($BTCETF) is currently listed at a market price of $0.006, with an alluring $3,740,455 raised in the opening week of the presale.
Only 24 hours left for Stage 9 of #BitcoinETF! Keep watching! pic.twitter.com/dePQZC7oKm
— BTCETF_Token (@BTCETF_Token) December 13, 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 BabyBonk 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.
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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