Despite the extreme volatility in the broader market, the new meme coins are gaining more traction and experiencing decent price bombs.
Among the new low capitalization meme coins that have continued to challenge the probabilities of the market (TST), a new Binance smart meme coin, according to reports, linked to Changpeng Zhao.
Since he debuted a couple of days ago, TST has seen repeated peaks, triggered by his connection with the former Binance CEO and his list in the Department of Commerce Spot of the exchange.
A video is now eliminated by CZ, which shows how the token was implemented using Four.me, the first meme coin launch platform in the BNB chain, the commercial frenzy around TST was added a lot.
Although it cooled after seeing almost 1100% of profits in its first three days, TST is now seeing a dramatic increase, increasing by almost 200% in the daily table to reach a maximum price of $ 0.52.
Its market capitalization also extends to $ 500 million, highlighting the emotion and speculative interest surrounding the Token.
Can the test hold this upward price action?
Is the meme of trial currency really connected to CZ?
After the launch of Test Token last week, the BNB team published an educational video, highlighting how to develop a meme token on the Four.me platform. TST was used as an example in the video now eliminated, which apparently exposed it to the broader investment community, especially the Chinese Kols.
CZ made a comment about the video, citing a member of the BNB chain team whom, according to him, he said: “We did the step -by -step video education to launch token of meme on the Four.me platform. In this Video, we released a token called TST as an example. “
The former Binance CEO asked That the eliminated video is published again, a statement that adds even more to the speculative trade frenzy around the token.
The test token is described by CoinmarketCap as a project deployed by Binance in Four.me. The section “About” of the MEME currency on the popular price monitoring website says:
“Implemented by Binance. Say” Hello “to the last member of the family of the Binance Smart chain, test token, deployed by Binance in Four.me! The previous project of DEV reached 100b”.
This, together with the viral video, has caused rumors that Changpeng could be the brain behind the test. However, Binance co -founder has With vehemence denied Having a connection with the meme coin and insisted on neither him nor the BNB team keep it.
Despite the refutation, the test is gaining more land and almost touched the market capitalization threshold of $ 500 million before reversing $ 283 million. That impressive performance has many buzzed merchants, with people like Altcoin Gold saying People no longer care about utility, but the belief that wealth expect.
Meanwhile, the meme currency has already been included in Bingx and Binance, which could further boost the demand and liquidity of its market. Moreover, Coinmarketcap shows that the feeling of the community remains optimistic.
Are you prepared for the test test for a break of $ 1?
He 15 -minute graph It shows the TST/USD price negotiation in a higher rounding pattern, currently at $ 0.2791. The price has been slightly corrected from its recent AT at $ 0.53, marking a 46% decrease as the bears try to eclipse bulls.
With $ 0.3071 acting as the next significant obstacle, a break could generate the price even more, claiming the recent AT to $ 0.53. On the contrary, the lack of interruption above this level could lead to a setback towards the support level of $ 0.2609.
The TST/USD table illustrates a slight drop in impulse, which can lead to an additional disadvantage if the Bulls do not increase the purchase pressure.
However, despite the slight decline in the price, the remarkable increase in the negotiation volume suggests that market participants remain optimistic about higher price gains. The negotiation volume has become ballistic, increasing by more than 500% to $ 1.14 billion, indicating greater market activity.
The current price level of $ 0.2791 is close to the following significant levels of resistance to $ 0.36, $ 0.41 and $ 0.49. In the event that the bullish impulse persists and the price is broken above $ 0.49, the market could point to even higher levels, possibly reaching the monumental brand of $ 1.
Prediction of the Prices of the Meme Test: in the short term
A closer look at the RSI TST indicates a massive investment of the 70-Obrengapid territory. It is currently in 40.54, which indicates a neutral-cañón impulse as sellers and buyers fight for market control.
If the broader market recovers its upward force and Bitcoin claims the level of $ 100K once again, there could be a renewed interest in the currency of the trial memes, racing the way for greater profits in the next few days. However, any weakness could activate a setback, with $ 0.26 that acts as the first feeling of the market.
Prediction of the meme test currency: in the long term
It seems impossible to precisely forecast how the price of the long -term test meme will move. However, its greatest commercial activity and amazing price growth have shown that the Binance Smart chain is Growing gradually in popularity Among meme coins investors.
As the appetite of investors for meme coins on the network continues to increase, due to its launch of four. millions.
Already, Test, according to CZ, has created a Twitter account, which means that you are preparing to form an active social networks. How intended to achieve it is not yet known. However, in the event that it successfully built a vibrant community and keep them committed, it will continue to be relevant.
In addition, his arrival in Binance within the days of launch is a great feat. If things continue, they can further expand their accessibility between potential investors and boost their price at new heights.
That said, the lack of cases of test use means that its price action will continue to be volatile and can reflect the action of BNB.
Index Meme: a new project that promotes asset diversification in the volatile meme coin space
There is no doubt that the test has seen rapid growth in a short period of time. However, since it is mainly driven by a speculative interest, it could be vulnerable to sudden corrections, especially if the exaggeration around it decreases.
This is the reason why the diversification of assets is crucial in the meme coins space and the best way to do it is to invest in a project that offers the first decentralized meme currency index.
Meme index The central objective is to completely change the way inverters have interacted for a long time with memes currencies, which allows them to navigate the market in a way that aligns with their propensity to take risks. The indices that have created are segmented in four, each with tokens with different levels of volatility.
In the upper part, there is the meme titan index, which contains high -lid meme coins. The second is the MoNshot index, with tokens that are close to reaching the threshold of $ 1 billion.
The MIDCAP index, which is the third in the list, is where true volatility begins, since it covers meme coins within $ 50 million to $ 250 million market capitalization. And finally, there is the meme frenzy index, which contains the most risky meme coins and greater reward.
Unlike existing indexes, Meme Index says that community members will have complete control over how each of these indices is rebuilt.
The versatile nature of its index offers has been praised by many publications, including Cointelegraph. Influenting youtubers such as Alessandro de Crypto have also declared that the growing interest in Memes Coins could help Memex start when officially arrives in exchanges.
At the time of writing this article, the project has raised approximately $ 3.5 million in presale. Those willing to take the opportunity to move early can visit the official website to join the presale and perhaps bet your tokens to further aggravate your earnings.
