{"id":444283,"date":"2023-10-01T20:26:23","date_gmt":"2023-10-01T20:26:23","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=444283"},"modified":"2023-10-01T20:26:23","modified_gmt":"2023-10-01T20:26:23","slug":"paw-pumps-47-on-dextools-yet-another-scam-or-a-potential-pepe-coin","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/paw-pumps-47-on-dextools-yet-another-scam-or-a-potential-pepe-coin","title":{"rendered":"Paw Pumps 47% on DEXTools – Yet Another Scam, Or A Potential Pepe Coin?"},"content":{"rendered":"

Paw (PAW) token pumped 47% on DEXTools<\/a> on September 30 and it’s up almost 147,000% in ten days from the floor price to the current value of $0.000000001937.<\/p>\n

As enticing as the surge is, investors must always trade with caution and conduct their own research before investing. Notwithstanding that, the remarkable surge by Paw price gives off some Pepe Coin (PEPE<\/a>) vibes, which exploded 125% upon listing on debuting on Binance Exchange<\/a>.<\/p>\n

Paw Token Price Forecast<\/h2>\n

On the four-hour timeframe, Paw price chart shows that while the token remains on an uptrend, profit taking has begun, with the token losing around 6% in the last 24 hours. The technical this is indicated by the fading histogram bars of the Moving Average Convergence Divergence (MACD). Similarly, the histograms of the Awesome Oscillator (AO) are flashing red, showing the presence of sellers or bears in the market. This threatens the upside potential for PAW.<\/p>\n

Cognizant that it is a weekend, retail traders are in the back seat as large investors take the lead. As such, volatility is expected, with low volume of trades making the market highly volatile. It is also impossible to ignore the fact that pump and dump schemes have been on the rise of late, particularly for new projects. This underscores the need for extra caution.<\/p>\n

\"Paw<\/a>
TradingView: PAW\/USD 4-hour chart<\/a><\/figcaption><\/figure>\n

On the other hand, the 9-day Moving Average (MA) continues to provide support for Paw price at $0.000000001688. The associated smoothed MA also adds an additional layer of support for PAW at $0.000000001412. This position is bolstered by the Parabolic SAR, which continues to track the price action from below. This shows that Paw remains bullish, with the potential for more gains.<\/p>\n

Increased buying pressure above current levels could see Paw price overcome the immediate barrier at $0.000000002059. Also, while the profit-taking begins, the bullish outlook would only be invalidated once PAW breaks and closes below the 0.0000000003902 level. This is the last lower high that kick-started the uptrend after a period of consolidation in the 4-hour timeframe.<\/p>\n

PAW Alternative<\/h3>\n

Another project that’s outperforming is MK<\/a>, the ticker for the Meme Kombat ecosystem, a gaming<\/a> platform designed for gaming enthusiasts.<\/p>\n

\n

🔥 Introducing $MK<\/a> | @Meme_Kombat<\/a> <\/p>\n

Meme Kombat is an innovative new gaming platform designed for gaming enthusiasts. #GameFi<\/a> sector is growing, so it is worth checking 💯<\/p>\n

Devs are doxxed on website, presale is ongoing and they already raised $100K+
Lets see how it goes.<\/p>\n

TG -… pic.twitter.com\/rApnGbeDX0<\/a><\/p>\n

— Crypto General 🦄 (@DaCryptoGeneral) September 28, 2023<\/a><\/p><\/blockquote>\n