Beercoin, a cryptocurrency based on the
Solana network, has been experiencing volatility in-market. With soaring prices and steep plunges, investor sentiment towards this meme coin remains divided. Notably, token's value dropped by a whopping 80% and the coin faced a sharp sell-off, losing over 70% of its value on separate occasions. This led to a lot of speculations about
Rug-pull and
whale manipulations.
Despite these downfalls, Beercoin still made some market movements. The BEER token reportedly jumped by 67% in 24 hours, reached a $400M market cap as a burning event concluded, and surged by 85% in 24 hours parallely with Seedlana raising over $3 million. It even achieved a significant uptick of 30% intraday. However, experts are doubtful about its potential for an all-time high.
Multiple coins similar to Beercoin have emerged recently, some of them being ButtChain, Brett, Slerf, and Byte. Even Beercoin's offshoot,
Baby Beercoin, experienced an over 100% pump in 24 hours. Alongside growth, these new meme coins, including BEER, have raised millions in pre-sales, creating a buzz in the digital currency space. Some remarkable raise was the $6 million by the WienerAI coin.
There are predictions about the cryptocurrency's future. While some believe the BEER token is sinking, others anticipate a rebound and reckon its potential to grow
100x when presale ends. With ongoing events, the future of Beercoin and its peer meme coins remain a subject of market speculation.
BeerCoin News Analytics from Mon, 04 Mar 2019 08:00:00 GMT to Sat, 22 Jun 2024 14:09:09 GMT -
Rating -5
- Innovation -2
- Information 5
- Rumor -6
