BTC2.0 Surges 7,000% as the Meme Token Goes Viral But Crypto Whales are Stacking This Lesser Known Coin Instead – Here's Why

cryptonews.com:

BTC2.0 has surged by a massive 7,000% in the past 24 hours, with the new meme token reaching $0.1478 as it becomes viral and attracts exchange listings.

BTC2.0 is the latest in a long – and seemingly endless – line of new meme tokens that have emerged this year to promise gains during the ongoing bear market, following in the footsteps of PEPE, SPONGE and also a wave of '2.0' coins that have piggybacked on the successes of earlier tokens.

The meme token's gains are likely to be shortlived though, given that it has no real link to Bitcoin itself, while also suffering from a lack of the fundamentals and community that are necessary if a coin is to become sustainable.

However, other meme coins currently look more promising, with Wall Street Memes' (WSM) presale raise of $14 million suggesting that it's in line to have a big rally once it lists on exchanges in the next few weeks.

To be fair, BTC2.0's price action looks different from many of the other junk meme tokens that have appeared in the past few days, with its trading volume maintaining a relatively healthy level beyond its initial opening.

Likewise, its price has fluctuated quite organically over the past couple of days, in sharp contrast to many of the other meme coins we've seen in recent days (which have strangely flatlined after launching, for example).

It would therefore be somewhat rash to conclude that BTC2.0 is destined to crash hard very soon, especially when it has attracted a few CEX listings.

That said, its lack of a real association with Bitcoin, as well as its lack of utility and a community, would mean that it will have to decline sooner or later.

And because it has already gained by over 7,000%, this could mean that most retail traders have already missed out