Calcium Soars 56% As Traders Rally Behind It

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Calcium (CAL) bulls are back in control after setting camp at $0.02. Traders and community members jumped on this token, which Shiba Inu (SHIB) developers launched but not for investment purposes, and had it listed on the decentralized exchange Uniswap.

The story behind Calcium gets even more exciting but first, let us dive into its performance over the last 24 hours. According to Dextools, a platform that tracks new and trending tokens across the crypto market, Calcium surged by another 56% to $0.0397 after factoring in a correction from the resistance encountered at $0.0478.

8 out of 10 of the trending coins on #Dextools are red 📉👎

Gladly, $CAL is green with 6mil volume and a price 50% higher than my call tweet yesterday 📈

The narrative is strong but the market is dry – what is your target? pic.twitter.com/AUrhIvKyLJ

— OverDose (@Overdose_AI) September 27, 2023

Calcium’s market cap has continued to grow from zero to $8 million, with more than $750,000 in liquidity. The network has a circulating supply of 205 million CAL tokens and boats at least $5 million in 24-hour trading volume.

Can Calcium Hit A New All-Time High?

Overwhelmed with selling pressure following the launch rally to a new all-time high of $0.0669, Calcium plummeted to $0.02. This support allowed bulls to regroup, build momentum, and push for another breakout.

A falling wedge pattern came in handy as CAL stepped above $0.03. The break above the wedge resistance trendline was accompanied by a massive spike in volume, which can explain the run-up on Wednesday to $0.0478.

calcium price chart — CAL/USD two-hour price chart | Dextools

The seller congestion at $0.05 demands that bulls retreat to collect more liquidity. Calcium will likely plunge to $0.03 and, if declines intensify, hit $0.02 to give sidelined traders a chance to buy lower-priced CAL tokens before resuming the uptrend.

What’s Behind Calcium Rally

Calcium started as a dummy token created by Shiba Inu developers as they sought to renounce the bone (BONE) token contract. Despite communication from the team that CAL is a fake token and should not be traded, traders pounced on it after it went live on ShibaSwap, a DEX in the Shiba Inu ecosystem.

As planned, a bot claimed 50% of the supply, leaving the rest on the DEX. Traders pushing for a quick buck bought the tokens, but they ended up losing money. However, Shiba Inu community members claiming that the leadership team had not done right by them created a new trading pair on Uniswap and started building liquidity among other traders.

The market is down? NOT FOR US!$CAL with a clean 2.5x since our entry yesterday ✅

Strong narrative + Volume – I'm not surprised at all! pic.twitter.com/FbmFSCncAa

— OverDose (@Overdose_AI) September 27, 2023

Calcium trading on Uniswap continues to be a success, and a community is building around the project, which Shiba Inu developers have no control over. According to Calcium’s official X channel, the project is “the purest form of decentralization.”

“We are the community. We are the buyers & we are the sellers. We are the marketing team & the operations team.” A post on X states. “We are the head of the snake, and we are the body. We are the liquidity. But most importantly.”

The future of the token is still unknown, but with a vibrant community building around it, Calcium could carve its path and create a space for cryptocurrency enthusiasts.

Meanwhile, following the renunciation of the BONE contract, the token soared by more than 10% on Wednesday.

Promising Calcium Alternative To Buy – Bitcoin Minetrix

New projects on the market offer different solutions, but none can be compared to Bitcoin Minetrix. This new project takes passive income to a whole new level by supporting a new idea called Stake-to-Mine.

Exploring the #Crypto world with #BitcoinMinetrix!

Cloud mining = Cost Efficiency! 💰

Say goodbye to high electricity costs and hardware requirements.

Mining with ease. pic.twitter.com/v23XxHFnB2

— Bitcoinminetrix (@bitcoinminetrix) September 27, 2023

Bitcoin mining is capital-intensive, which locks out many interested investors. However, this is not true for Bitcoin Minetrx since the network embraces a safe cloud mining process. It gets even better because the project is tokenizing cloud mining.

In other words, “Users can buy BTCMTX tokens during the presale or after on DEX/CEX tokens which can then be Staked to Mine Bitcoin.”

Cloud mining Bitcoin via the stake-to-mine approach ensures that holders of the BTCMTX token can earn passively and interact with the protocol without worrying about their security.

At the moment, investors can buy BTCMTX tokens in a presale that seeks to raise at least $15 million. One BTCMTX sells for $0.011 and can be bought using ETH or USDT. With a total supply of 4 billion tokens, 70% is available for presale purchase, while 12.5% has been set aside to cater to staking rewards.

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