DEX markets are taking aim at a new GROK token spin-off, BabyGROK token, which after a +1,000% pump could replicate the $20M success of PEPE sister-token BabyPEPE.
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, Baby Meme, TIME, ROCKY and IO.
So far BabyGROK token has seen skyrocketing success, driven in part by the new meme coin being marketed across a number of Telegram discussion groups – with the Musky appeal of predecessor GROK token.
FOMO searching #BabyGROK
[ETH] BabyGROK(Search:
1h 11 | 24h 11)
Liq: $271.89K
(100%)
Taxes: 🅑 0% 🅢 0%
Token: 0x57a7f6f3e2c72823f25ae2fcd1869c6460857b2b#BabyGROK #Trending #MemeCoinpic.twitter.com/HWkGQhfoll
— Undercover Pairs Guaranteed x10 (@MemeHotPair) December 3, 2023
However, the contact address being picked up by increasingly popular trading bots as a potential high-return gem has also contributed to the swift pump.
BabyGROK Price Analysis: After New BabyGROK Token Explodes +1,000% – Is BabyGROK Doomed to Dump?
Amid the ongoing retracement move, BabyGROK token is currently trading at a market price of $0.07617 (representing a 24-hour change of +253%).
This comes after the token’s sudden stealth launch at 5:45AM on December 3, which saw the BabyGROK token start life with slow initial traction.
Indeed, BabyGROK saw only modest +26% traction in the first 6-hours of trading, however, at 11AM a huge influx of more than $277k in trading volume flooded into the chart.
Rally movements took hold, and price shot up an eye-watering +874% in less than 2-hours, with 830 holders taking position in the big gainer.
In the next 12 hours, price action saw considerable consolidatory form, with price gently pushing up to an all-time high at $0.22 by 10PM.
However, despite the impressive 24-hour push to a respectable $761k market cap, BabyGROK token has now entered retracement with price plummeting -65% this morning.
This still leaves early backers sat atop +293% gains, however, with the downside move stood on its last legs at lower support around $0.075 – BabyGROK appears vulnerable to a capitulative dump here.
Despite the difficult chart position, buy pressure remains strong – currently representing 74% of transactions, this suggests price could find more upside soon.
Indeed, if BabyGROK token is able to replicate the success of similar BabyPEPE token (which hit a $20m market cap) then there could be as much as a 25x left on the table here.
But with BabyGROK price action reeling and support waning following the huge move, smart money investors are shifting their focus to finding alternative skyrocket-potential gems early to secure the biggest gains.
One such opportunity is a surging crypto presale for a new token that could explode as market excitement around Bitcoin Spot ETFs grows.
This BabyGROK 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 $37,000 cost of becoming a whole-coiner.
Bitcoin ETF Token ($BTCETF) is currently listed at a market price of $0.0062, with an alluring $2,445,237 raised in the opening weeks 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.
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 $BABYGROK 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 BabyGROK Skyrockets 1,000%, This Unnoticed Crypto Jewel Has Landed $2.7 Million – Next 1000x Crypto? appeared first on Cryptonews.
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