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The Minu price skyrocketed 176% in the past 24 hours as the token traded at $0.0000001945 as of 4:30 AM EST on trading volume that soared 225% to $5.93 million.
The BNB Smart Chain-based token’s weekly performance shows a price increase of 1,300% since January 19.
The token reached its all-time high only hours ago when it reached $0.0000002029. After a brief correction, it is now trying to return and go beyond the resistance at $0.00000020 for the second time.
The token’s popularity comes from the fact that it is the first mining dog coin on Binance Smart Chain and was only recently launched.
The coin announced a burn of 170 billion tokens on Jan. 19, bringing to up to 1 trillion tokens bought and burnt since launch. The may have started the token’s sudden price surge.
BURN COMING 🔥
In a few hours we will burn 170 billion tokens more adding it up to a total of 1 trillion tokens(40+BNB now worth) that have been bought and burnt since launch!
We will continue burning and buybacking more in the next days and always share it with you.
*If you… pic.twitter.com/8Xc1OwG0wl
— Minu (@minu_coin) January 19, 2024
Minu Price Prognosis
Since it burnt 170 billion tokens on January 19, MINU saw even more token burns, with the next one including 174 billion tokens on January 20.
The price kept pumping as a result, and at the same time, the token kept attracting new users who only sent it higher and higher.
The big question right now is how high Minu’s price can go shortly. The answer, unfortunately, is not so easy to give.
So far, MINU has only been listed on various price tracking websites for a few days, which means that there is very little data to go on.
What did become quite clear very quickly is that the project is facing strong resistance at $0.00000020. However, it is also likely to breach this level in the next few days, if not hours.
While it is still too early to rely on some technical indicators for hints regarding MINU price, there are clues about its performance, such as Bollinger bands, which have seen massive widening with the start of this week.
This extremely bullish signal suggests that the demand is massive, and the buyers are willing to pay a high price for the token.
The other big sign that MINU will likely continue its surge past this resistance is that the project is doing everything possible to push community engagement past all limits.
For example, it is organizing a meme contest where users must create memes and post them on X using the #Minu hashtag, with the winners having the opportunity to receive a reward of 1 BNB (around $310 at the time of writing).
Minu also recorded reaching 2,000 token holders and counting as its community continues its massive increase.
Promising Alternative to Minu
While Minu’s price surge is one of the most impressive in January 2024, there are still other options for opportunity seekers who want to get in on a cryptocurrency early.
One such opportunity is a project called Launchpad XYZ (LPX). The project’s presale had raised $2.68 million as of the time of writing, and it will be ending in less than two days.
This means that those who wish to buy LPX before its price sees a post-launch surge have no time to lose.
💫 It's almost here! Only 2 days left in the #LaunchpadXYZ presale.
Start conquering the world of #Web3!
Join us now! 🌟 #LaunchpadKnows #Web3 #Altcoins pic.twitter.com/2oI1klZ2mR
— Launchpad.xyz (@launchpadlpx) January 21, 2024
The token is selling for $0.0445 each and can be bought in exchange for ETH, USDT, or BNB .In addition, you can also buy it with a credit or debit card directly.
The project has attracted much attention as its AI-driven investment advice is helping investors join whales in finding 30x trades while showing them the secrets of Web3 investing.
But the first opportunity this project can offer is the LPX token itself, which is anticipated to see a significant gains on launch, not unlike Minu itself.
Visit Launchpad XYZ here.
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