Amazing Horse Price Pumps Like Crazy on DexTools. Another Scam or the New Pepe Coin?

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Amazing Horse coin ($HORSE) experienced a remarkable +6500% price pump within 6 hours of launch on DEXTools. However, it quickly lost all gains, leaving investors uncertain about its legitimacy and growth prospects.

$HORSE: A Community-Driven ERC20 Token Inspired by Amazing Horse Meme

$HORSE is an ERC20 token launched on the Ethereum(ETH) blockchain, inspired by the popular YouTube meme, Amazing Horse. It is popular for its catchy and quirky lyrics. With a maximum supply of 1 billion tokens, the project boasts complete decentralization as one of its key features. Its PinkSale is set to launch in 4 days.

Soon fairlaunch of The Amazing Horse 🐎:https://t.co/wHJ8s4MIJV…
Amazing $HORSE 🐎
SAVE THE DATE Start: 24 JULY at 3:00PM UTC END: 26 JULY at 3:00PM UTC #Pinksale #memecoin #ETH #Amazing🐎@pinkecosystem pic.twitter.com/5LelSrSJ2x

— Degen Impact (@DegenGeminiAI) July 19, 2023

$HORSE team ensures no token dumps at launch with locked tokens, a temporary 10% sell tax to deter presale dumpers, and a permanent 0% sell tax thereafter.

The project boasts a top-grade security audit, a transparent roadmap with milestones like Uniswap listing and CoinMarketCap presence, and plans for utility features such as staking, an AI trading bot, an NFT collection, and a Play-To-Earn Gaming platform.

$HORSE Fair Launch on Pinksale

According to a popular Chinese analyst, $HORSE is currently undergoing its fair launch on Pinksale, with a soft cap set at 10e. The team has successfully completed KYC verification, obtained an audit, and ensured the SAFU (Secure Asset Fund for Users) status. All these are positive indicators of their reliability and trustworthiness.

🔊 Amazing Horse | ETH | ZERO TAX$HORSE is having its fairlaunch on Pinksale now with 10e as softcap. Team has KYC’d 🚀, Audit🚀 and SAFU ✅, all of it is a nice badges so that we can trust this team.

“$HORSE – To learn about $HORSE, it’s a classic meme that's primed for a… pic.twitter.com/ALCJ0U9FkS

— 中国鲸鱼资金 – Chinese Whale Capital (@chinapumprocket) July 17, 2023

$HORSE is described as a classic meme, ripe for rediscovery, and not derived from another derivative. To celebrate the launch, the team is hosting a generous $6000 giveaway on GLEAM, presenting a significant reward opportunity.

Cyberscope Announcements Audits Amazing Horse Project, Bolstering Credibility

Amazing Horse Project strengthens credibility with Cyberscope Announcements partnership, a trusted, smart contract audit, and KYC services firm, along with associations with major crypto launchpads, Polygon DAO, and CoinGecko, showcasing their expertise. The recently shared audit report by Cyberscope on July 12 reinforces transparency, security, and investor confidence.

We just finished auditing
@Amazing_Horse_

Check the link below to see their full Audit report.https://t.co/RDT7m0aDmK

Want to get your project Audited?https://t.co/BpKMpQ6c5z #Audit #SmartContract #Crypto #Blockchain pic.twitter.com/wzeQFaXXxE

— Cyberscope Announcements (@cyberscope_ann) July 12, 2023

Analysis of HORSE Coin:

HORSE coin skyrocketed by over 6500% within six hours of its launch on DEXTools, reaching a high of $0.0007283, but quickly retraced back to its initial price of $0.000001692, raising concerns about its credibility amid the rapid volatility.

Horse price — TradingView: HORSE/ETH 1-hour chart

HORSE coin’s market metrics, such as its high total market capitalization and trading volume, raise concerns about potential manipulation or misleading practices within the project.

The coin’s low reliability score and community trust level add to the skepticism surrounding its legitimacy. With limited information available, caution is advised when considering involvement with HORSE coin.

Alternative to $HORSE

The Wall Street Memes ($WSM) project has gained significant attention as a prominent meme coin in the rapidly growing meme coin market. The project’s presale garnered immense interest from retail investors, raising over $16.3 million. With over 1.1 million followers on social media, including engagement from billionaire Elon Musk, $WSM has become a symbol of internet-driven financial empowerment, inspired by the GameStop fiasco of 2021 and the Wall Street Bets movement.

https://twitter.com/Cryptonefy/status/1681664497109327872

During Stage 23 of the 30-stage presale, $WSM tokens were available at $0.0319. As the price is expected to rise between stages, potential investors are advised to act swiftly to secure the lowest possible entry point.

The project’s success can be attributed to its active and engaged online community, which frequently shares memes satirizing various financial entities. Additionally, the introduction of the NFT collection “Wall St. Bulls” has further enhanced the project’s appeal, with the entire collection selling out in just 32 minutes.