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Tag: Pumps

  • Aster token pumps more than 500% post-TGE launch

    Aster token pumps more than 500% post-TGE launch

    Aster

    • ASTER token soars 550% to $0.52 post-TGE.
    • Total value locked catapulted to $1 billion, doubling pre-launch figures.
    • Aster’s debut bolsters BNB Chain’s ecosystem, boosting the BNB price.

    The Aster ($ASTER) token’s debut saw it hit $0.58, rocketing by more than 500% within hours.

    Aster then slightly pared the gains as traders looked for profits post-TGE and airdrop distribution for the YZi Labs-backed protocol.

    Altcoins such as Lagrange, EigenLayer and BNB have outshone the broader market.

    Launching at an initial price of approximately $0.08, the token swiftly ascended to a peak of $0.52.

    It is a move that encompassed a staggering 550% gain in its first trading session and saw ASTER’s market capitalization rally past the $800 million threshold.

    On debut, Aster rose to rank among the top 150 cryptocurrencies by market cap.

    As the token’s price pumped, daily volume rose to over $420 million in the initial 24 hours, up 1800%.

    While the 500% climb validates Aster’s utility in perpetual trading, bulls have to be aware of a potential sharp pullback if price overextends into the overbought territory.

    Aster TVL jumps to $1 billion

    Aster’s total value locked has exceeded expectations, surging to over $1 billion within days of the TGE in a milestone that represents a more than twofold increase from pre-launch figures of around $400 million, attracting over 330,000 new wallets and solidifying Aster’s position as the second-largest perpetual DEX globally.

    The influx highlights the platform’s multi-chain prowess, spanning BNB Chain, Ethereum, Solana, and Arbitrum, where users leverage unique collateral options like liquid-staking as BNB and yield-bearing USDF stablecoins.

    Privacy-focused innovations, such as zk-proofs have drawn sophisticated traders seeking capital efficiency without custodial risks whereas Aster’s integration with PancakeSwap has boosted ecosystem liquidity, contributing to a 15% uptick in BNB’s price over the past week.

    Market observers note that this $1 billion TVL not only enhances on-chain stability but also positions Aster to capture a slice of the $16 billion Hyperliquid pie, potentially driving annual revenues toward $500 million through fee structures that reward $ASTER holders.

    A significant first step for $ASTER on BNB Chain

    For $ASTER, this TGE marks a transformative debut on BNB Chain, laying the groundwork for broader DeFi adoption.

    As a high-performance Layer-1 with privacy at its core, Aster Chain empowers seamless perpetuals and spot trading, democratizing access for both novice and pro users via intuitive Simple and Pro modes.

    The platform’s non-custodial ethos, coupled with governance via $ASTER enables fee discounts and protocol upgrades.

    Implementation of this feature aligns with the community-first principles that propelled BNB Chain’s growth to over $16 billion in TVL.

    This milestone extends beyond numbers as it validates BNB Chain’s edge in low-fee, high-throughput environments, especially as altcoin rotations favor derivatives amid Bitcoin’s stabilization above $117k.

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  • Flare price pumps 25% amid explosive DeFi growth: is a new ATH next?

    Flare price pumps 25% amid explosive DeFi growth: is a new ATH next?

    Flare Price

    • Flare price rose sharply as altcoins continued to steer bullish with Ethereum, XRP and Solana up.
    • The FLR token was up 25% as bulls pushed from lows of $0.02089 to highs of $0.02722.
    • With DeFi and broader market resilience, Flare could target a new all-time.

    The cryptocurrency market continues to trend bullish as top altcoins see gains, but not many can match Flare (FLR)’s explosive 25% outperformance in the past 24 hours.

    FLR’s gains dwarf those of key 24-hour performers Pudgy Penguins, Worldcoin and PancakeSwap.

    The token traded around $0.2702 at the time of writing, with daily volume up 457% to over $98 million.

    Open interest on Coinglass showed a 35% increase to $11.8 million.

    Flare price: is FLR poised for a new peak?

    As Ethereum holds firm above $3,600 and Solana consolidates gains above $200, renewed optimism has emerged around Flare (FLR).

    FLR has surged from intraday lows of $0.02089 to as high as $0.02722, marking one of the strongest performances among major cryptocurrencies.

    The rally has pushed Flare into the 57th spot by market capitalisation, placing it among the top gainers within the 100 largest digital assets.

    With total value locked, transaction volume and overall DeFi growth on the uptick, is this spike in FLR price the beginning of a major flip to a new all-time high?

    Per data from CoinMarketCap, Flare reached the all-time peak of $0.0797 in January 2023.

    Flare price chart by CoinMarketCap

    FLR price is up nearly 50% in the past week and 63% in the past month.

    Much of the enthusiasm and bullish forecasts for Flare are down to the project’s innovative DeFi approach.

    Asset bridging has caught the market’s attention with recent integrations and mega incentives.

    DeFi on Flare gains traction

    Flare’s latest price pump comes in a month where the project unveiled a massive $2.2 billion incentive program for its FAssets.

    The target is explosive growth in Flare’s DeFi share with cross-chain liquidity and TVL.

    Interest has also jumped amid the integration of XRPFi, a DeFi initiative targeted at tapping into XRP on the network.

    This is what Firelight, a key protocol on the Flare network, has introduced to early success.

    As XRPFi takes root, tokens such as stXRP, a liquid staking token that allows users to earn yields while maintaining liquidity across DeFi platforms, are gaining traction.

    Institutional interest is also growing. One such big move is VivoPower.

    The Nasdaq-listed company recently announced a $100 million XRP deployment on Flare with the aim of generating yield.

    “Flare isn’t just for institutional XRP holders like VivoPower, it’s also powering platforms like Uphold that serve millions of everyday users. With Flare’s yield strategies, they can offer simple, opt-in XRP staking — no DeFi expertise required. That’s the kind of simplicity we’re aiming for,” Flare wrote on X

    Momentum across the Flare network has seen its TVL surge triple digits to near $200 million. SparkDEX, Kinetic and Sceptre Liquid are key protocols on the network.
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  • LINK pumps as market dumps; GFOX presale smashes $3 million mark

    LINK pumps as market dumps; GFOX presale smashes $3 million mark

    Market drawdowns are part and parcel of the bull market, and investors want to use these opportunities to spot frontrunners. Demand is waiting for dips if markets are dumping and tokens are performing well. These become the fastest movers in bullish conditions.

    Bidding strong altcoins today unlocks better gains tomorrow. Then what crypto can you buy today? Realistically, investors are spoilt for choice with dozens of solid altcoins, but Chainlink (LINK) and Galaxy Fox ($GFOX) are especially notable. LINK pumps as market dumps, and the GFOX presale smashes the $3 million mark.

    Chainlink (LINK) pumping as market dumps 

    Chainlink is a blockchain abstraction layer that powers nearly all of DeFi with its Oracle services. This network feeds external data into smart contracts, and LINK is the top crypto to buy for investors interested in pick-and-shovel plays. While the market dumps, Chainlink has been pumping, and investors want exposure to the interoperability middleware layer.

    Fink is on CNBC every other day talking about asset tokenization. Chainlink’s Cross Chain Interoperability Protocol (CCIP) creates a network of smart contracts that allow digital assets to move unobstructed between chains. CCIP will unlock the ability to move between permissioned (bank blockchains) and public blockchains.

    Acting as the bridge between DeFi and TradFi is a great value proposition, and $LINK’s performance in the current conditions indicates a massive run loading later this year.

    Galaxy Fox (GFOX) shoots past $3 million

    Galaxy Fox has not received the memo of the market dump, and this presale continues to shatter milestones. Most recently, crossing $3 million raised, this ICO shows no sign of slowing, and its current trajectory signals a massive price discovery phase at launch later this year.

    Introducing a new hybrid model to the space Galaxy Fox blends the best of two genres. Its tokenomics and branding are straight from the meme coin genre with a token burn and taxation system. The burn permanently removes tokens from circulation, making GFOX deflationary, and taxation funds several mechanics, including ecosystem growth via the Treasury and staking payouts.

    Deflationary assets are forecast to perform excellently in 2024 as rising demand meets falling supply, and this characteristic makes $GFOX a perfect answer to what crypto to buy today. Passive income plays a big part in this galactic ecosystem, with all GFOX holders able to earn staking rewards. The unique taxation system has created a superb asset: holders earn a yield on an asset with a declining supply.

    Galaxy Fox’s Web3 runner game leverages the classic P2E mechanic, adding a dash of entertainment and another earning avenue for holders. Presales have historically performed excellently in bull markets, and GFOX is easily counted among the top cryptos to buy right now.

    Closing thoughts

    Markets get overheated and overextended, then need to cool off. Tokens that continue moving are the pockets of opportunity, and this is where investors should focus their attention. What crypto to buy today? Anything outperforming relative to the market.

    Galaxy Fox’s stellar performance makes it an obvious buy now. GFOX still has a tiny market cap, and its location in the memecoin and GameFi narratives gives this hybrid easy 100X potential. Multi-billion dollar valuations were common for P2E projects in the last cycle. Add in GFOX’s deflationary nature, and participating in the Galaxy Fox presale today is a no-brainer.

    To learn more about GFOX, visit Galaxy Fox Presale or Join the Community.

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  • PEPE crashes as SUI pumps 40%; GFOX headed for $5M target

    PEPE crashes as SUI pumps 40%; GFOX headed for $5M target

    2024 began with many speculations about general market performance. While the global crypto market awaited the approval of the SEC on Bitcoin ETF, another central talking point in crypto circles was the rise and fall of memecoins. 

    Top on the list of memecoins that made a wave in 2023 was the $PEPE. However, the coin could not sustain its momentum of interest and price in the months that followed its launch. Another major controversy with the $PEPE was the PEPE coin 2.0. 

    While investors were still trying to wrap their heads around the “imposter” new coin, memecoins like $SUI and $GFOX were announced. Both coins had promising price prospects for early holders, which they have maintained into 2024.

    In this piece, we dissect the highs and lows of Pepecoin, the potentials of the new Pepe coin, and the current interest with $SUI and $GFOX. Take a look.

    Latest on PEPE

    Pepe Coin ($PEPE) is a memecoin built on the Ethereum blockchain that gained popularity after its launch in April 2023. Despite its volatile price, thousands of investors have purchased the coin across major crypto exchanges.

    In August 2023, there were general concerns that an “undefined” amount of $PEPE tokens were inexplicably transferred from the project’s wallet to centralized exchanges. This caused a drop in the coin’s price and acceptance. In September, despite reassurances by the Pepe community about the safety of the remaining tokens, the price continued to decline. In October, a new team of advisors was announced, along with the burning of some tokens, to increase the coin’s scarcity and price.

    Pepecoin appeared to be back on the right track after these major changes until the arrival of Pepe 2.0. The new Pepe coin is rumoured to have been created by blacklisted individuals from the original Pepe Coin project. Unlike the tax-free original, Pepe 2.0 imposes a 1% transaction tax for marketing, liquidity, and community development, which has naturally limited its acceptance, popularity, and price.

    The roadmap of the new Pepe Coin includes vague phases of a coin launch with no plan for community partnerships or listing on Tier 1 exchanges. 

    SUI’s 40% price pump

    SUI token, backed by Mysten Labs, has made remarkable price progress. $SUI now ranks number 13 among all L-1 blockchains in terms of Total Value Locked (TVL), thus generating a lot of hype for its native token, resulting in its recent price surge.

    This isn’t the first time $SUI has made a positive impression in the market. SUI reached its all-time high price on the 2nd of May, 2023, with a 228% increase despite the fluctuations in the macro crypto market.

    As of the time of writing this report, $SUI’s price has dropped slightly in the past 24 hours to the $1.30 level, though it’s still clocked an impressive 55% increase over the past week.

    While these statistics suggest that $SUI is a good investment, it’s important to know that the token has a relatively low market cap, making it highly volatile,  and notoriously poor tokenomics that caused it to crash by 70% upon its retail exchange launch. After this recent recovery, $SUI may be unable to sustain a further price rally due to large stakeholder sell pressure. Hence, investors have been rotating their profits out of $SUI to alternatives like $GFOX that have bigger upside potential and better tokenomics.

    Galaxy Fox (GFOX) presale set to hit $5M

    GFOX is one memecoin to watch out for in 2024. The coin has surpassed investors’ expectations in its presale, with over 95% of the stage 6 supply already sold. The project is on track to exceed $5 million in presale records by the end of January 2024, having already raised close to 50% of its target. With its growing price and low risks, analysts have speculated that $GFOX is the next big coin.

    At the heart of the Galaxy Fox ecosystem lies an engaging play-to-earn game. This enchanting game is designed to entertain and reward players simultaneously, hence its global popularity. Upon its exchange platform listing, the coin is expected to be among the top 3 memescoins. This is also expected to increase $GFOX’s price by 50x its current presale price.

    Final thoughts

    2024 has begun on a good note for crypto investors, with the SEC ruling for the official sale and purchase of Bitcoin ETFs. Now, Investors are more optimistic about market trends and prices.

    While memecoins like PEPE Coin 2.0 may cast a shadow of doubt on the performance of memecoins in 2024; coins like $SUI and $GFOX are proof that good things await early investors. $SUI has seen over a 40% price pump within the last month, and $GFOX is poised to make 50x its current presale price. With $GFOX’s community and current market cap, this is one coin every investor should consider.

    To learn more about $GFOX, you can visit the Galaxy Fox Presale Website or join the Community.

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  • Shiba Inu’s BONE Pumps 20% and Outperforms SHIB

    Shiba Inu’s BONE Pumps 20% and Outperforms SHIB

    BONE, a cryptocurrency that is part of the Shiba Inu ecosystem and, in particular, the decentralized ShibaSwap exchange, has unexpectedly pumped up 20%. Meanwhile, SHIB is also rising but on a much smaller scale, and it is currently trading just 3.7% above today’s opening price.

    Source: TradingView

    What led to the surge in BONE quotations is unknown, although there are rumours online about the imminent release of new details regarding the long-awaited Layer 2 Shibarium protocol. Recall that the cryptocurrency is destined to play the role of a gas fee in the forthcoming innovation. Moreover, BONE should be a reward for developers and other contributors to the upcoming blockchain.

    BONE has the advantage over SHIB of a limited and extremely small number of tokens. Thus, the cryptocurrency’s total supply is only 250 million tokens, of which 20 million are reserved for the aforementioned rewards. Because of this fact, as well as a relatively small presence on the major exchanges, BONE may be more susceptible to explosive price spikes as it is today. Thus, the current pump is followed by a 170% increase in BONE trading volume, as shown on the CoinMarketCap page.

    BONE price action

    BONE has now reached $1.16, where it had previously shown two opposing performances. So for the first time, BONE quotes drew a figure at these levels, which can be compared with Bart Simpson’s hairstyle. For the second time, however, at the end of August, BONE rose from this zone by 106% to reach its all-time high of $2.4.

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