4Chan Coin Blasts Up 25,000% as Reddit Blackout Continues and Experts Say Wall Street Memes is the Next Crypto to Explode – Here's Why

cryptonews.com:

4Chan Coin has risen by 29% in the past 24 hours, with its current price of $0.000000000000179428 representing a massive 1,300% gain in the last 30 days and a 25,000% increase since the meme token launched.

This massive surge has come amid the ongoing Reddit blackout, which has seen thousands of forums on the micro-blogging site halt activity in a protest against its policy of charging third-party apps for accessing user data.

This blackout and the effect it has had on Reddit's reputation has seemingly played into the hands of rival forum 4chan and also 4Chan Coin, which doesn't have any clear connection to its namesake website.

Still, this year's appetite for new meme tokens has clearly helped 4CHAN enjoy some very big gains, and with very little else in the market promising big rallies at the moment, it may continue rising for a little while yet.

Of course, it could just as easily run out of momentum, with new meme tokens take its place, and with Wall Street Memes (WSM) one of the favorites to replace it.

4CHAN's chart shows a cryptocurrency with plenty of momentum, with its short-term moving average (yellow) continuing to rise further above its long-term average (blue).

This suggests that 4CHAN will continue to rise over at least the next few days, before its rally runs out of steam.

The test of whether it can continue much further will be its ability (or not) to pass its current resistance level (red), which sits at around $0.00000000000020.

If it can rise above this price and stay there then it could easily mount further gains in the coming days and weeks.

But with 4CHAN largely being a meme token, there's no guarantee that its joys will continue for much longer.

Yes, it has an association with image-based messaging board