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NOLA Token: The Latest Meme Coin Pump?
As meme coin markets continue to surge with activity amid stalling Bitcoin price action, NOLA token has emerged as the latest memecoin pump after shooting up +900% overnight, but could this new ETF crypto be next?
This comes as recent months have seen a huge trend in explosive DEX-traded token moves, with countless moon-shots garnering significant attention, including the ever-popular APX, SAMBO Bot, BabyGROK, TIME, 4096, and IO.
In the latest move, NOLA token has rocketed up to an impressive $7M market cap, as traders flock to take position in the rally, which has been fueled by humorous community sentiment around the cat owned by Founder of Arbitrum – Steven Goldfeder.
NOLA Price Analysis: Is NOLA Set To Continue Skyrocket Rally After Alluring +900% Pump?
At the time of writing, NOLA is currently trading at a market price of $0.005848 (Representing a 24-hour change of +673%). This comes after a slow first 48-hours of trading for the fresh-faced meme coin, which undertook steady and stable growth of +2,500% between December 15 and December 17. However, at around 4PM Yesterday (December 16) price action was swept with a huge inflow of trading volume – which triggered a monumental rally. Across the next 10-hours, NOLA price rocketed up +900% to hit an all-time high at $0.0097 – on the precipice of dropping a zero.
Yet, no pump can rally for ever, and this morning has witnessed minor localized retracement (-40%) as early backers take profit on their jaw-dropping +78,000% gain. This leaves NOLA price currently fighting to consolidate above support at $0.0050, however, this is also reflected by a whopping $5.71k market cap – highlighting the well-established market potential of this new meme coin.
With an army of more than 1.62k bag-holders, and a continual influx of trading volume which now stands at $3.68m (over the past 24-hours) it seems likely NOLA could hold position and push higher once more. Indeed, amid ongoing transactions over the past 6-hours, buy pressure has remained dominant representing around 66.66% of market transactions.
But while NOLA has performed well, traders should exercise caution here – with a lofty market cap on the tail-end of a major rally offering an unalluring entry that could be vulnerable to a sell-off.
Bitcoin ETF Token: The Best Winter 2023 Play?
A new Bitcoin alternative presale launched this week, offering eagle-eyed traders the opportunity to make it big on unfolding Bitcoin ETF rumors without having to eat the $40,000 cost of becoming a whole-coiner.
Bitcoin ETF Token ($BTCETF) is currently listed at a market price of $0.0068, with an alluring $4,680,234 raised in the opening week of the presale. Aimed at riding the ETF Rally with Ease, Bitcoin ETF Token is a critical component in every BTC trader’s toolbox. Despite this, traders are still position for major plays this week, with one new Bitcoin ETF coin emerging as the next potential breakout crypto project.
Designed and built with skyrocket potential in mind, this promising token aims to bank big on market excitement surrounding the ongoing applications for Bitcoin spot ETFs. Surging Interest in Bitcoin Alternatives Leaves $BTCETF Poised to Outperform NOLA Token.
Follow the project on X (Twitter) and Telegram for more details.
