Emoti Token Keeps Rising After Going Viral and Crypto Analysts Say This Lesser Known Crypto is Next
EmotiCoin (EMOTI) has emerged as the break-out on-chain token of the week, as dramatic upside price action is bolstered by high-octane tokenomics.
The market excitement has been triggered by EmotiCoin's unique Reverse Split protocol - a deflationary mechanism that reduces total supply every 4 hours over 14 days in -20% increments.
These unparalleled tokenomics induce intense scarcity in EmotiCoin supply - and with the price of a crypto asset equalling the market cap divided by the circulating supply - the price is likely to continue skyrocketing.
And this comes ahead of significant roadmap milestones for the growing DEX-market starlet, with the launch of an NFT CEX soon on the horizon.
Amid the magnificent climb, EMOTI is currently trading high in the channel, at a current market price of $0.0002912 (representing a 24-hour change of +293%).
This comes as EmotiCoin continues to push higher, with the EMOTI rally continuing to post new all-time highs almost hourly due to the scarcity-inducing reverse split tokenomics.
The rally was triggered on September 9, more than a week after EmotiCoin's official launch.
An initial trickle of trading volume combined with a token supply that reduces by a fifth every 4-hours catalyzed a modest +1,950% rally into September 11.
Sensing a rally, over 1,500 DEX traders rushed to take position in the emerging skyrocket - in a huge flood of more than $300k in trading volume across 48-hours.
This explosive bag-holder growth has fuelled an eye-watering +65,800% return so far for early-backers; and buy-pressure remains strong representing 69% of transactions over the last 6-hours.
Now stood as a monolith On-Chain with a whopping $55m market cap - EmotiCoin is showing no signs of slowing down, and with
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