As DEX-launched cryptocurrencies continue to explode, Micro Coq (MICRO) token has emerged as the latest moon-shot after posting a jaw-dropping +3,000% rally, but could this new meme coin 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, ZKGROK and IO.
Have you been missing these $AVAX coins going to million-dollar mc's in the past week ? Take a look at this promising sub $100k mc coin. It will ride along with the number one meme coin $COQ due to it's coq burning ability. Yes we are investing in Coq burn @microcoq $MICRO pic.twitter.com/60QZG4xxCN
— Land Wolf Crypto (@gencryptowealth) December 18, 2023
Based on AVAX, MICRO token has become a popular coin for shot-callers seeking quick pumps for their audiences – and this influencer attention appears to have fuelled the substantial gains.
As MICRO enters major retracement, Micro Coq token is currently trading at a market price of $0.000000025558690759635677 (representing a 24-hour change of +206%).
This comes after MICRO shot-up +3,000% from lower support at $0.00000000875, in a 13-hour skyrocket move, that saw MICRO price tap an all-time high at $0.000000074.
Now in the midst of a major -67% retracement move, as early-backers secure their huge profits, all eyes turn to transactions to reveal localised price sentiment.
Indeed, over the past 6-hours the number of sell transactions has increased, although buy-pressure remains the dominant force – represent 55% of transactions.
Critically, the retracement has reduced MICRO’s market cap to $1.46m, this leaves a reasonable degree of growth on the table – with comparable
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