As crypto markets surge around emerging platforms such as Friend Tech, DEX markets haven't been missing out on the action - and leading decentralised social media platform Qrolli (QR) has exploded +100,000% amid the rush for web 3.0.
Qrolli is a user-owned social network aiming to empower creators to take ownership and control of their online presence, through monetized content restrictions dynamic NFTs, tipping systems, community curations and reputational profiles.
The explosive price move for network native Qrolli token (QR) comes off the back of this growing project.
Amid the Qrolli pump, QR token is trading high at a current price of $0.006405 (a 24-hour change of +301%).
This comes amid a localised -49% retracement for QR token, which follows from an all time high (ATH) at $0.008555.
The sensational price action was triggered at 7PM on August 19, when a sudden +56% candle hooked-in intrepid DEX traders.
Price action moved slowly initially, in a trickle up +157% by 8PM, this was followed by a night of consolidation before at 10AM on August 20 price erupted as a flood of volume swept into the chart.
In just 6 hours, price climbed a jaw-dropping +433%, bringing gains for early backers to an impressive +1051%, before price action collapsed into the -49% retracement move.
Just when it seemed QR was doomed to dump, double-bottomed support formed at a lower support level around $0.0005, and this triggered a second-wind as huge buy volume (still holding strong with 64% dominance) swept back into the project.
With price now pushing high once more, testing mainline resistance at $0.0007, everything is to play for as Qrolli appears to be on the verge of posting a new moon-shot.
But while DEX traders are enjoying lavish profits on
Read more on cryptonews.com