The price of Grail Inu (iGRAIL) has rocketed by more than 450% in the past 24 hours, rising to $0.000000212 after the new meme crypto listed on the Abritrum-based Camelot DEX a couple of days ago.
iGRAIL is only the latest in a long line of new meme tokens to hit the crypto market this year, and while it has so far maintained its price level over the past few hours, its low liquidity could mean that a big drop isn’t too far away.
However, traders not willing to take on the risk iGRAIL presents could turn to other new tokens, with several promising coins currently holding their presales.
And one of the most promising of these is Bitcoin ETF Token, an ERC-20 cryptocurrency that has raised close to $3 million in its sale and that has linked its deflationary tokenomics to Bitcoin ETFs.
iGRAIL Skyrockets 465%
Apparently a Curve Inu fork, iGRAIL opened its Twitter account in September of this year and first listed on Camelot on December 5.
Its opening day was very quiet, yet it began rising fairly aggressively from yesterday, before hitting its current record high earlier this morning.
Source: DEXTools/TradingView
While iGRAIL is semi-distinct from other micro-meme tokens in that it has an online presence (including a Telegram account), it still looks risky as a token.
For one, its entry on DEXTools has awarded its a project reliability score of 23 out of 99, with this low ranking based on its opaque holder count and on a modifiable tax rate.
Breaking News:
iGRAIL has achieved the 100K Market Cap Milestone!
But this is just the beginning.
We’re setting our sights MUCH higher.
Stay tuned as we crusade for the $GRAIL in the upcoming #GRAILwars $iGRAIL pic.twitter.com/naWeY4Fc6s
— Grail Inu (@GrailInu) December 7, 2023
As such, most traders may be too wary of iGRAILs to take the plunge, yet there are other new tokens that not only promise above-average gains, but also come with stronger fundamentals and a more reassuring footprint and roadmap.
This Modest Crypto Has Gathered $2.9 Million – Next Big Thing?
One of the best examples of this is Bitcoin ETF Token (BTCETF), an ERC-20 cryptocurrency that has now raised in excess of $2.9 million in its ongoing presale.
Presenting #BitcoinETF, the groundbreaking initiative set to transform the #Crypto space, preparing for the imminent launch of #Bitcoin ETFs.
Get ready for the revelation of unique mechanisms and tactics that distinguish #BTCETF in the realm of digital currencies. pic.twitter.com/I8VirfKZtt
— BTCETF_Token (@BTCETF_Token) December 7, 2023
That is has raised close to $3 million is significant, for a couple of reasons.
Firstly, it stands as a big vote of confidence in the project, with investors becoming increasingly confident that the project will be successful.
Secondly, the momentum it has generated over the course of its presale is likely to translate into momentum once the token lists, meaning that it could rally big.
And the reason why it has attracted so much interest is that it’s set to do something pretty much no other coin in the market will be doing.
Namely, it will be burning 25% of its total max supply, destroying this percentage in 5% instalments.
It will burn the initial 5% when an SEC-approved Bitcoin ETF reaches a volume of $100 million, while the final 5% will come once Bitcoin itself reaches a price of $100,000.
Only 3 days left until Stage 8 for #BitcoinETF wraps up! Don’t lose sight of the countdown! pic.twitter.com/lmywX54L5q
— BTCETF_Token (@BTCETF_Token) December 7, 2023
Such a proactively deflationary roadmap is already winning over investors, and it’s likely to continue doing so once the token lists in the next few weeks.
Investors can join its presale at the official Bitcoin ETF Token website, where 1 BTCETF costs $0.0064.
Given the interest the coin has generated, it’s likely to eclipse this discounted price in a matter of weeks once it launches.
Visit Bitcoin ETF Token Now
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
The post As iGRAIL Skyrockets 465%, This Modest Crypto Has Gathered $2.9 Million – Next Big Thing? appeared first on Cryptonews.