As DEX markets continue to undertake sensational price moves, a new UFC token launched by UFC DAO has exploded +31,000% in a major upside move, but with this other lesser-known crypto securing $500,000 at presale – could this be the next 100x coin?
Indeed, despite the dramatic pump move, with retracement now underway, the alarm bells around the UFC token are ringing.
Insiders Detected by @CoinSpeedrun
UFC – UFC DAO | $UFC
See the insiders current share(%) by searching on
https://t.co/HUv538XLjS
— CoinSpeedrun Bot (@CoinspeedrunBot) November 13, 2023
This comes after CoinSpeedrun Bot – a crypto scam detector bot on Twitter (X) – tweeted out that UFC DAO is a scam coin with significant insider wallets.
UFC Price Analysis: Is UFC DAO Doomed to Dump After Crypto Security Bot Spotlights Potential Scam?
Amid the damaging news that UFC DAO could be a scam coin, UFC is currently trading at a market price of $0.0001675 (representing a 24-hour change of -13.6%).
This comes following a sensational launch on DEX markets yesterday at just 5:30AM, whilst meeting slow initial traction in the first few hours of trading, a huge +9,600% candle triggered at 9:30am as around 300 bag-holders rushed into the emerging moon-shot token.
Following the dramatic price move, volume steadily increased throughout the rest of UFC DAO’s first day of trading, fuelling a further +60.32% move, to an all-time high of $0.0003135.
Yet, despite cracking the $1.1m market cap, a major retracement move appears to be underway likely triggered by a combination of the scam bot tweet, and the miniscule $2.8k of available liquidity in a classic honeypot.
But while UFC DAO has emerged as an indisputable scam, another hot-shot on the markets this morning is a rapidly growing presale for a new meme coin – already exploding to $500,000 raised pre-launch.
This Bitcoin 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 $36,000 cost of becoming a wholecoiner.
Bitcoin ETF Token ($BTCETF) is currently trading at a market price of $0.005 in funding round stage 1 with an alluring $565,109 raised in the opening weekend of 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 Nutcoin Token
Project tokenomics are bolstered by ambitious plans for the incorporation of staking rewards that incentivise 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.
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 New UFC Token Rises 31,000% in 24 Hours, This Lesser-Known Crypto Has Secured $500,000 – Next 100x Coin? appeared first on Cryptonews.
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