As On-Chain trading activity continues to flourish amid a surge in Telegram sniper bots, GOLD token has emerged as the latest breakout following a dramatic +20,000% skyrocket move.
Recent weeks have seen a huge trend in explosive DEX launched tokens, with countless pump-and-dump moon-shots including PogeX, Trump2024, Thing, Jinbe and шайлушай.
In the latest move, Gold Coin - a meme coin taking aim at the 'digital gold' narrative has surged +20,000% upon its first CEX listing on Poloniex.
With the project built-on the promise of a Bitcoin-cloned 21m token supply, with LP burns and contract renouncement incoming by a small-self funded team - this young token seems set to fly.
Amid the upside moves, GOLD is currently in a localised retracement move - currently trading at a market price of $0.1854 (representing a 24-hour change of -27%).
This comes following a jaw-dropping opening 48-hours on DEX markets, which has seen GOLD surge from a launch price of $0.00025 on September 20 to hit an all-time high at $0.34 at 7AM this morning (September 22).
The dramatic +20,000% pump has been carried by a surge of more than $2.6m in volume over the past 24-hours, amassed by an army of more than 1,240 dedicated bag-holders.
And the break-out move has seen GOLD surge to the top of DEXtools, entering in as number 10 on the hot coins list.
With GOLD's market cap now stood at $3.99M - an effort to consolidate here could establish a strong foothold in the digital gold vertical.
Upcoming plans on the Gold Coin roadmap suggest that a significant marketing campaign in convergence with token burn are on the horizon - which could propel the market cap to $10m.
In this event; GOLD would be trading at $0.47, representing a potential +138% move from current
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