Refund token (REFUND) is the latest stealth-launched token to experience a skyrocketing +1,000% move as on-chain activity gains momentum.
In recent weeks, there has been a significant trend of explosive tokens launched on decentralized exchanges, leading to pump-and-dump moonshots. Some of these tokens include DEE, APX, MEGA, Blinky, DRS, and SNOR.
Fueled by the promise of Ethereum staking rewards, REFUND has surged in value, driven by growing interest in “reflection tokens” that reward holders with a share of transaction fees.
REFUND Price Analysis: Will Refund Token Skyrocket Endure?
REFUND is currently trading at a market price of $0.063207, representing a 24-hour change of +198.84%. After a retracement and consolidation phase, a support level has formed at $0.062808, indicating a potential bounce.
REFUND was launched on October 14, and within the first 24 hours, it experienced steady growth with established support at $0.061020. By the 25-hour mark, it reached an all-time high of $0.066120, which now serves as the upper target for price action.
The surge in price was accompanied by a trading volume of over $2 million and more than 930 holders engaging in over 7.9k transactions.
With a market cap of $1.15 million, REFUND has the potential to reach $3 million market caps, as seen in similar reflection tokens in recent weeks.
If the price breaks out of the current trading channel, REFUND could experience a 2-3x move from its current level.
Meanwhile, in other news, an emerging Bitcoin cloud mining presale is gaining attention.
Bitcoin Minetrix (BTCMTX): Presale Enters Stage 2 Funding as +$1.5M Raised
Bitcoin Minetrix is a pioneering stake-to-mine system that has raised over $1,582,617 in its presale.
With a staking APY of 1224%, users can buy and stake BTCMTX tokens to accumulate rewards, offering a passive income opportunity in the crypto world.
Bitcoin Minetrix differentiates itself from other cloud mining platforms by utilizing the Ethereum blockchain for enhanced security and decentralization. It also takes advantage of the upcoming Bitcoin halving event to provide investors with potential profit opportunities.
The ongoing BTCMTX presale has already raised significant funds and offers early investors a chance to be part of the stake-to-mine evolution at a competitive price of $0.011 per token.
Bitcoin Minetrix presents a lucrative opportunity for early bird investors, redefining the Bitcoin landscape with its innovative methodologies and secure stake-to-mine mechanism.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes only and does not constitute investment advice. Capital loss is possible.