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HayCoin (HAY) price outlook shows the altcoin is trying to reclaim its premiere highs. After a stark fall, recovery efforts appear underway, with the sell-side liquidity residing above recent highs already collected and more acting as a magnet for the price. Notably, liquidity collection translates to order fulfillment and market stability. Once this happens, volatility can resume in the market.
Meanwhile, a look at the bullish drivers for HayCoin shows that the network is leveraging token burning to boost the price. For the layperson, token burning is a mechanism that crypto ecosystems use to reduce the circulating supply of a project.
JUST IN: @john_c_palmer burned the 1.5 $HAY https://t.co/D8O6ayTs4I
— Haycoin (@HayCoinERC) October 19, 2023
On a lighter note, investors are chasing the first mover advantage with HayCoin as the project commits to being a strong contender in the meme coin market. Among its number one competition is Pepe Coin (PEPE).
GM$HAY pic.twitter.com/r0NNbumiPJ
— Haycoin (@HayCoinERC) October 18, 2023
The project traces back to 2018, when developers started designing its concept. After five years of project architecture, the HAY token, which powers the HayCoin ecosystem, became tradable on October 12, 2023. This means it came ahead of most meme coins investors enjoy today.
– Created October 27, 2018
– Made Tradeable for the first time on October 12, 2023.Hay came before all of your favorite #memcoins. https://t.co/EQEIr1iREb pic.twitter.com/sQMCFC8G8v
— Haycoin (@HayCoinERC) October 18, 2023
Paving the way for the meme coins in the market today, HayCoin seeks to revolutionize the niche. The token was only made available for trading with tradable liquidity for the first time on October 12. The token boasts a remarkable history, being the first-ever token on Uniswap, reportedly created by the decentralized exchange’s (DEX) founder, Hayden Adams.
There is no narrative like $HAY $HAY never can recreated and its legacy will be forever.
The First Ever Token On Uniswap, Created by @haydenzadams the founder of @Uniswap pic.twitter.com/Qb7doUu2PC
— Haycoin (@HayCoinERC) October 17, 2023
HayCaoin Price Outlook As HAY Is Feeling Bullish
With the motto, “HAY cannot be recreated, and its legacy will be forever,” the HayCoin price outlook looks poised for a recovery rally. The 12-hour chart below shows a price action characterized by higher highs and higher lows. If bullish momentum increases, the altcoin could extend north, potentially reclaiming the highs recorded on its premiere date at around $3,000,000.
Increased buying pressure from the bulls could see HayCoin price shatter the immediate hurdle at $980,275. Further north, the gains could extrapolate to shatter the $1,135,752 ceiling. A decisive 12-hour candlestick close above this level would activate the upside potential for the meme coin, even as its peers struggle, to potentially record more gains for investors.
Meanwhile, early profit-taking remains the biggest threat to the upside potential of HayCoin. If selling pressure beats buyer power, the price of HAY could drop below the $420,559 support floor. In the dire case, the load-shedding exercise could extend for the meme coin to revisit its lower levels.
While HayCoin struggles to solidify the uptrend, consider MK, one of the best-performing meme coins, and a formidable contender in the niche. Experts anticipate 10X growth potential for this new crypto presale.
Promising Alternative To HayCoin
MK is in the front-row seats for when you are looking for promising alternatives to HayCoin. It is the powering token behind the Meme Kombat ecosystem, a crypto presale recording massive success day after day.
No BS.
Kombat is only for the most honorable⚔️
Catch the full video from @cryptonews down below⏬ pic.twitter.com/nLtzJm78K5
— Meme Kombat (@Meme_Kombat) October 16, 2023
Meme Kombat is a stake-to-earn project, presented as a GameFi or GambleFi ecosystem for income generation. It has taken the industry by storm, causing speculation that MK could be the next Pepe. Citing a paragraph from the website for context:
Meme Kombat is an innovative new gaming platform designed for gaming enthusiasts. From active betting to passive staking, there are rewards for all users.
True to the word, this is the hallmark of the Meme Kombat ecosystem, offering community members the opportunity to grow their income. The MK token is selling for $0.1667 in the current presale stage. Thus far, presale collections have surpassed the $600,000 market, marking around 60% of the target.
So close!
Presale is going great fighters🔥$MK pic.twitter.com/5ZORH9oFHq
— Meme Kombat (@Meme_Kombat) October 20, 2023
Featuring among the five best meme coins to buy in 2023, Meme Kombat is the sure portfolio diversification choice. Once you buy MK, you do not need to wait until the presale is over before you can start earning. The project has a staking function, with Annual Percentage Yields (APY) or returns as high as 112%. Let your MK tokens work for you and get passive returns for no work whatsoever.
Visit and Buy Meme Kombat’s MK token here.
Also Read:
- New Meme Crypto Presale Hits Half-Million Mark – Is $MK Token The Next Pepe?
- Meme Kombat Emerges as New Contender as Other Meme Coins Struggle
- Joe Parys Crypto, A Popular Crypto Analyst, Gives Tips on Which Meme Coins to Buy in The Next Bull Run
Most Searched Crypto Launch - Pepe Unchained
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- Staking Rewards - pepeunchained.com
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