The coin meme syndrome is triggering a strong rally for tokens on the Binance Smart Chain
The breakout of popular meme coins like Shiba Inu (SHIB) and Dogecoin (DOGE) this week could be a sign that the heyday is back. As you quickly scroll through crypto twitter, a long list of tweets from aspiring traders discussing buying Lambo, quitting their day jobs, and becoming a full-time crypto trader is discussed.
While DOGE and SHIB are getting the most media and investor attention, they aren’t the only low-cost tokens that have actually seen phenomenal price growth. The value of meme coins has risen across all major networks, including Binance Smart Chain (BSC), a sign that retail investors from all walks of life are feeling optimistic again.
Top 5 coin memes with the biggest increase in 7 days | Source: CoinGecko
Here are three relatively “little-known” BSC-based tokens that have made significant gains over the past week.
Hoge Finance (HOGE) is a self-described community-based DeFi protocol with a limited supply with a deflation mechanism by burning 1% of the supply with each transaction.
Data from CoinGecko shows that HOGE price has risen 533% from its low of $ 0.0001 on October 13 to a daily high of $ 0.000633 on October 28, as trading volume around the 24-hour breakout Grew 330% to $ 12.3 million.
HOGE / USD – 3 hour chart | Source: CoinGecko
The HOGE price has gone up since the team behind the project announced it was listed on one of the top 5 cryptocurrency exchanges. Aside from that promise, there is nothing more to be said about the project from a fundamental analysis standpoint, but the same could have happened for DOGE and most of the other dog-themed tokens.
Australian Safe Shepherd
Australian Safe Shepherd (ASS) is a community coin meme that was started as an offshoot of the popular Safemoon project.
As part of the token design, 5% of the transactions made on the PancakeSwap exchange are blocked in a liquidity pool to ensure that there is always enough liquidity available. An additional 5% will be redistributed to all ASS holders as a form of passive reward and as an incentive for holding tokens.
ASS / USD 1 hour chart | Source: CoinGecko
Data from CoinGecko shows that the price of ASS has increased 203% since trading from a low of $ 0.00000000235 on October 25, to a daily high of $ 0.0000000711 on October 28th, as the 24-hour block trading volume increased from $ 450,000 to $ 25.43 million.
Taboo Token (TABOO) is an adult entertainment-themed NFT and streaming media project that specializes in exclusive content powered by models working with the platform.
Although it does not fall under the definition of a coin meme, Taboo Token is another inexpensive project on BSC that has done an impressive job in the past few weeks.
Data from CoinGecko shows that after hitting a low of $ 0.0008 on October 4, the price of TABOO rose 1.812% to a daily high of $ 0.0153 on October 13, as the volume of the 24th – Hourly trading soared to a record high of $ 11.52 million.
TABOO / USD 1 hour chart | Source: CoinGecko
TABOO’s pricing action comes after OnlyFans announced it would ban adult entertainment appearances on the platform, and Taboo has come up with an alternative. OnlyFans will later lift the ban, but it seems that the creators have recognized the advantages of decentralized platforms.
Despite the change from OnlyFans, TABOO will continue to be supported at its current level, the developers behind the protocol are planning the construction of its ecosystem and regularly show upcoming developments. , including a launch Taboo will showcase NFTs from industry experts and celebrities like Paris Hilton.
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According to Cointelegraph