As DEX launched spin-off tokens continue to post jaw-dropping rallies, DONK token has emerged as the latest skyrocket after embarking on skyrocket 4.5x 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.
Spin-off tokens have emerged as a popular trend, fuelled by wide-spread FOMO amongst retail investors late to the meme coin party.
$DONK spaces in about 45 mins!https://t.co/r3bZGN8BOz pic.twitter.com/xij3LG8xwD
— LFG Whale, Esq. | Founder – Pop Pals (@LFGWhale) December 12, 2023
DONK Price Analysis: Will There Be a Second Rally Leg After 4.5X Overnight Move?
As DONK price action consolidates following the explosive upside move, DONK is currently trading at a market price of $0.0002298(Representing a 24-hour change of +3,320%).
This comes after DONK was launched at just 14:00 on December 13, in a stealth launch that gained almost immediate traction – exploding +1,223% in the first hour of trading.
DONK’s massive opening move caught the attention of DEX traders across the market, and over the next 14-hours a substantial surge of more than $110k in trading volume flooded into the chart.
This propelled a major rally on the chart, which saw DONK hit an all-time high at $0.0002917, delivering a monumental +4,260% gain for early-backers.
Now stood at an impressive overnight market cap of $230k, significant growth potential remains on the cards for 559 holders – with similar spin-off projects such as BabyBonk have hit multi-million market caps.
This suggests that DONK could undertake as much as a 4-8x move from here – an alluring return for keen traders with high risk tolerances.
Yet, while DONK represents a high risk play, for those with a lower risk tolerance – seeking more reliable returns, a new Bitcoin ETF project could hold the keys.
Analysts Label This DONK 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 $$0.0068, with an alluring $3,963,912 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.
#BitcoinETF Stage 10 has commenced! pic.twitter.com/LGy4djZclO
— BTCETF_Token (@BTCETF_Token) December 14, 2023
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 BONK 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.
The post As DONK Meme Coin Skyrockets 4.5x Overnight, This Niche Crypto Has Clinched $3.9 Million – 100x Potential in 2024? appeared first on Cryptonews.