$BITCOIN And $BITCOIN2 Price Pump After Uniswap Listings - Can Rising Crypto $BTC20 Also Explode
Bitcoin is making a come back in an unlikely way, the sudden rise of ERC-20 based Bitcoin off-shoot projects has gained significant traction over the past week as Bitcoiners race to secure newfound gains.
In the freshest development for the top coin since BRC-20 tokens exploded onto the scene in late Spring, a new carnation of Bitcoin tokens are garnering significant attention in the ERC-20 space.
A straight to DEX ERC-20 token going by the ticker BITCOIN has surged to become the number 2 trending coin on DEXtools following a sensational +94% rally over the past 24 hours.
Driven by an influx of $8.7m in volume over the past 24 hours, the latest surge now brings BITCOIN's total on paper gains to an eye-watering +9,500%.
A growing legion of 6.7k holders demonstrate the appetite of investors, keen to get in on the next Bitcoin off-shoot,
This has been matched by the seismic return of another straight to DEX copycat called BITCOIN2.
Quick of the mint just 3-days ago, BITCOIN2 has already seen a magnificent +2,000% return since launch.
This has likewise been powered by an insane influx of volume, with $2.2m flooding into the project in just the last 24 hours - an impressive display by 914 holders.
However, BITCOIN2's initial success may well be short-lived as the token has entered a -9.18% localised retracement over the past 24 hours.
Despite surging popularity for straight to DEX Bitcoin off-shoots, many are wondering whether these unlikely tokens are doomed to fail.
Indeed, it is not uncommon for straight to DEX coins to flop dramatically after a sizeable pump - and worse still with uncommitted development teams and insane tokenomics these issues can worsen.
This is likely to be the case for both BITCOIN and BITCOIN2 (which has
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