Although Baby Meme Coin saw a spectacular overnight surge of +1,000% on DEX marketplaces, a new Bitcoin project is attracting attention with a multi-million dollar presale.
Explosive DEX-launched tokens have been quite popular in recent weeks. Numerous moon-shots have attracted a lot of attention, such as the well-known APX, SAMBO bot, OGGY, REFUND, XDOGE, and IO.
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With almost 17% of the Vietnamese people using digital assets, Baby Meme Coin is a market second only to Thailand. Its unexpected rise seems to have been fueled by strong interest in the Vietnamese crypto community.
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The “baby” coin’s concept is to provide ordinary investors in a nation where the minimum pay is $0.67 USD per hour with access to meme currencies; this also explains why the token was introduced on BSC, where it offers incredibly cheap transaction costs.
BabyMeme Price Analysis: With a +1,000% Vietnamese Crypto Pump, will Baby Meme Coin Soar to New Heights?
BABYMEME is now trading at a market price of $0.0000000000007718, as it battles localised retracement swings after the overnight spike (marking a 24-hour shift of +697%).
Driven only by the potential for memes, BabyMeme made a splash at its introduction on November 6 at 12:00. It gained momentum right away, giving the meme currency seven straight green hourly candles.
Though there was a little localised pullback throughout the night to lower support at $0.000000000000555, as soon as the markets opened, a second rally leg began, pushing prices higher to break over the resistance of the previous day at $0.0000000000007775.
Around 7 AM this morning (November 7), the price spiked to a new all-time high of $0.0000000000009030.
BabyMeme has entered a localised retracement once more as traders are currently taking profits. The price is attempting to maintain higher support above the previous barrier at $0.0000000000007725.
Given the strong banks with 1.49k holdings and $273k in semi-locked liquidity supporting the DEX market, a continuation of this explosive surge appears plausible.
Seventy percent of BabyMeme transactions during the last six hours have been bought, indicating that fresh money is still showing interest in the market.
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BabyMeme has a meagre market value of just $1.61 million, but the future seems bright with comparable projects frequently reaching $5 million market caps. Based on its present situation, BabyMeme might see a 4X return.
However, while Vietnamese markets are diving headfirst into the reasonably priced surge, astute investors are drawn to a recent Bitcoin mining presale that gives small investors the opportunity to get a portion of mining profits prior to the 2024 Bitcoin halving event.
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