Big DOGE token (BDOGE) has surged +1,000 as Uptober continues to drive significant on-chain swings, but is this too good to be true?
A significant trend in recent weeks has been the explosive token launches by DEX, with several pump-and-dump moon-shots like as APX, FTX, Thing, Jinbe.
Launched on October 3 at barely 15:00, the incredible +1,000% upward advance has shown no signs of abating, and X-related rumours are now emphasising why.
BDOGE Token’s Explosive 1,000% Surge – Crypto Hype in Action!,BDOGE Token’s Explosive 1,000% Surge – Crypto Hype in Action
Alarms have gone up in the on-chain community in response to claims of a token contract that blacklists purchasers.
BDOGE Price Analysis: Is BDOGE a Scam or Is the Hype Real?
A further look into the claims of a fraud on X indicates that this may not be the case, since Big DOGE appears to evade most audits and honeypot detectors.
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In fact, just two red flags have been identified in three audits conducted by TokenSniffer, GoPlus, and Hapi: a “whitelist function” (note: not a blacklist) and a “max sell ratio” that TokenSniffer discovered.
In fact, just two red flags have been identified in three audits conducted by TokenSniffer, GoPlus, and Hapi: a “whitelist function” (note: not a blacklist) and a “max sell ratio” that TokenSniffer discovered.
Thus, all things considered, allegations of a Big DOGE scam are probably untrue (though they can never be completely ruled out, emphasising the significance of conducting your own due diligence), notwithstanding the worries of on-chain merchants.
Despite the accusations, Big DOGE is still trading strongly in the channel, with a 24-hour move of +1,258% at the current market price of $0.009257.
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Technical structure will be made or broken by a continuous multi-hour battle with opposition from upper support at $0.0093.
A push-high at this point may cause BDOGE to rise and establish a new ATH above $0.011, but there is a considerable danger of a decline due to the likelihood of a return to the lower support level at $0.0078.
As a result, BDOGE has a risk:reward ratio of 1.17, which is a subpar entrance towards the conclusion of some significant gains.
On-chain traders are disputing the validity of Big DOGE, but as this is going on, smart money has already shifted to a meme coin presale, placing significant wagers on the differences within the cryptocurrency community.
BDOGE Token’s Explosive 1,000% Surge – Crypto Hype in Action!,BDOGE Token’s Explosive 1,000% Surge – Crypto Hype in Action!,BDOGE Token’s Explosive 1,000% Surge – Crypto Hype in Action!