As meme coin markets continue to surge with activity amid stalling Bitcoin price action, NOLA token has emerged as the latest memecoin pump after shooting up +900% overnight, but could this new ETF crypto be next?
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, 4096 and IO.
So let me get this straight… $NOLA is Arbitrum founder’s cat @ $7m market cap… $HEMULE is Ethereum (Vitalik) founder’s cat @ $2m market cap?
I think there is room to run pic.twitter.com/bm47dVOD6l
— Troy (@trader_lav) December 18, 2023
In the latest move, NOLA token has rocketed up to an impressive $7M market cap, as traders flock to take position in the rally, which has been fuelled by humourous community sentiment around the cat owned by Founder of Arbitrum – Steven Goldfeder.
NOLA Price Analysis: Is NOLA Set To Continue Skyrocket Rally After Alluring +900% Pump?
At the time of writing, NOLA is currently trading at a market price of $0.005848 (Representing a 24-hour change of +673%).
This comes after a slow first 48-hours of trading for the fresh-faced meme coin, which undertook steady and stable growth of +2,500% between December 15 and December 17.
However, at around 4PM Yesterday (December 16) price action was swept with a huge inflow of trading volume – which triggered a monumental rally.
Across the next 10-hours, NOLA price rocketed up +900% to hit an all-time high at $0.0097 – on the precipice of dropping a zero.
Yet, no pump can rally for ever, and this morning has witnessed minor localized retracement (-40%) as early backers take profit on their jaw-dropping +78,000% gain.
This leaves NOLA price currently fighting to consolidate above support at $0.0050, however, this is also reflected by a whopping $5.71k market cap – highlighting the well-established market potential of this new meme coin.
With an army of more than 1.62k bag-holders, and a continual influx of trading volume which now stands at $3.68m (over the past 24-hours) it seems likely NOLA could hold position and push higher once more.
Indeed, amid ongoing transactions over the past 6-hours, buy pressure has remained dominant representing around 66.66% of market transactions.
But while NOLA has performed well, traders should exercise caution here – with a lofty market cap on the tail-end of a major rally offering an unalluring entry that could be vulnerable to a sell-off.
Despite this, traders are still position for major plays this week, with one new Bitcoin ETF coin emerging as the next potential breakout crypto project.
With Bitcoin ETF’s on Horizon – Is This $4M+ Raise New Crypto The Best Winter 2023 Play?
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 $40,000 cost of becoming a whole-coiner.
Bitcoin ETF Token ($BTCETF) is currently listed at a market price of $0.0068, with an alluring $4,680,234 raised in the opening week of the presale.
#BitcoinETF includes a 5% burn levy on each transaction, gradually decreasing the #Token supply over time.
The strategy involves burning 25% of the tokens at key milestones to ease selling pressure. pic.twitter.com/BCpsB9pnIV
— BTCETF_Token (@BTCETF_Token) December 18, 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 NOLA 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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