{"id":565007,"date":"2024-08-15T11:01:29","date_gmt":"2024-08-15T11:01:29","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=565007"},"modified":"2024-08-15T10:51:19","modified_gmt":"2024-08-15T10:51:19","slug":"banana-gun-price-soars-28-in-a-week-after-8-6m-token-burn-and-this-might-be-the-next-crypto-to-explode","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/banana-gun-price-soars-28-in-a-week-after-8-6m-token-burn-and-this-might-be-the-next-crypto-to-explode","title":{"rendered":"Banana Gun Price Soars 28% In A Week After $8.6M Token Burn, And This Might Be The Next Crypto To Explode"},"content":{"rendered":"<p><span style=\"font-weight: 400\">The Banana Gun price dropped 4% in the last 24 hours despite surging 28% in a week<\/span><a href=\"https:\/\/www.geckoterminal.com\/eth\/pools\/0x43de4318b6eb91a7cf37975dbb574396a7b5b5c6\"> <span style=\"font-weight: 400\">to trade at $45.40<\/span><\/a><span style=\"font-weight: 400\"> as of 03:57 a.m. EST on trading volume that climbed 8% to $128 million.<\/span><\/p>\n<p><span style=\"font-weight: 400\">This comes after the team burned 2% of the total supply, totaling about $8.6 million. The step reduces the supply, which then increases the demand for the asset.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\"How was your day honey?\"<br>&ndash; \"Good, burnt $8.6M worth of <a href=\"https:\/\/twitter.com\/search?q=%24BANANA&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BANANA<\/a>. &#127820;&#128293;\"<\/p>\n<p>2% of total supply destroyed forever.<a href=\"https:\/\/t.co\/uVVwWDanke\">https:\/\/t.co\/uVVwWDanke<\/a> <a href=\"https:\/\/t.co\/O4hZehHRWQ\">pic.twitter.com\/O4hZehHRWQ<\/a><\/p>\n<p>&mdash; Banana Gun &#127820;&#128299; (@BananaGunBot) <a href=\"https:\/\/twitter.com\/BananaGunBot\/status\/1823453934628786210?ref_src=twsrc%5Etfw\">August 13, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400\">Can the burn allow the BANANA price to soar?<\/span><\/p>\n<h2><b>Banana Gun Price To Continue Soaring<\/b><\/h2>\n<p><span style=\"font-weight: 400\">The Banana Gun price has surged in the last three days, forming an ascending triangle pattern. According to <\/span><a href=\"https:\/\/www.geckoterminal.com\/eth\/pools\/0x43de4318b6eb91a7cf37975dbb574396a7b5b5c6\"><span style=\"font-weight: 400\">GeckoTerminal<\/span><\/a><span style=\"font-weight: 400\"> data, the BANANA price bulls struggle to push the price above the $48.56 resistance.<\/span><\/p>\n<p><span style=\"font-weight: 400\">BANANA price now trades well above both the 50-day and 200-day Simple Moving Averages (SMAs), a sign of an uptrend.<\/span><\/p>\n<p><span style=\"font-weight: 400\">However, the Relative Strength Index (RSI) shows that the selling pressure is beginning to form around level 52, indicating that investors are preparing to sell.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The Banana Gun price analysis shows a bearish bias, as the bulls aim to push the asset above the ascending triangle pattern. Moreover, the 50-day SMA crosses above the 200-day SMA, forming a golden cross at $36.54.<\/span><\/p>\n<figure id=\"attachment_565011\" aria-describedby=\"caption-attachment-565011\" style=\"width: 1255px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"size-full wp-image-565011\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/08\/Uniswap-V2-_GeckoTerminal.com_BANANA_2024-08-15_10-57-57.png\" alt=\"Banana Gun Price Chart Analysis Source: GeckoTerminal.com\" width=\"1255\" height=\"508\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/08\/Uniswap-V2-_GeckoTerminal.com_BANANA_2024-08-15_10-57-57.png 1255w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/08\/Uniswap-V2-_GeckoTerminal.com_BANANA_2024-08-15_10-57-57-300x121.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/08\/Uniswap-V2-_GeckoTerminal.com_BANANA_2024-08-15_10-57-57-1024x414.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/08\/Uniswap-V2-_GeckoTerminal.com_BANANA_2024-08-15_10-57-57-768x311.png 768w\" sizes=\"(max-width: 1255px) 100vw, 1255px\"><figcaption id=\"caption-attachment-565011\" class=\"wp-caption-text\">Banana Gun Price Chart Analysis Source: GeckoTerminal.com<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">If the bulls capitalize on these two factors, they could propel BANANA over the triangle by targeting $55.<\/span><\/p>\n<p><span style=\"font-weight: 400\">However, the RSI shows some looming selling pressure. If this pressure intensifies, BANANA could retrace back to the $38 support zone (200-day SMA).<\/span><\/p>\n<p><span style=\"font-weight: 400\">Meanwhile, investors are also buying a new play-to-earn (P2E) meme coin,<\/span> <a href=\"https:\/\/insidebitcoins.com\/visit\/playdoge\" rel=\"nofollow\"><span style=\"font-weight: 400\">PlayDoge (PLAY)<\/span><\/a><span style=\"font-weight: 400\">, which aims at following on the paw prints of its predecessor, DOGE.<\/span><\/p>\n<h2>PlayDoge Presale Raises Over $6 Million &ndash; Best Meme Coin To Buy?<\/h2>\n<p><span style=\"font-weight: 400\">PlayDoge, a DOGE derivative, has continued to gain traction in the crypto community, raising over $6 million in presale as it rapidly approaches its target of $6.6 million.<\/span><\/p>\n<p><span style=\"font-weight: 400\">It&rsquo;s a cutting-edge P2E mobile game that merges the nostalgic feel of 90s virtual pets, similar to Tamagotchis, with advanced blockchain technology. In addition to engaging gameplay, users can earn $PLAY tokens by interacting with their 2D Doge pet in the retro-style app.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Don&rsquo;t ghost your <a href=\"https:\/\/twitter.com\/hashtag\/Doge?src=hash&amp;ref_src=twsrc%5Etfw\">#Doge<\/a> or it&rsquo;ll die &#128123;<\/p>\n<p>Feed your Doge, earn rewards, and level up. No mazes, just fun!<a href=\"https:\/\/twitter.com\/hashtag\/Presale?src=hash&amp;ref_src=twsrc%5Etfw\">#Presale<\/a> has launched! &#128588;<a href=\"https:\/\/twitter.com\/hashtag\/PlayDoge?src=hash&amp;ref_src=twsrc%5Etfw\">#PlayDoge<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/P2E?src=hash&amp;ref_src=twsrc%5Etfw\">#P2E<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Memecoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Memecoin<\/a> <a href=\"https:\/\/t.co\/Fp2sFwycpj\">pic.twitter.com\/Fp2sFwycpj<\/a><\/p>\n<p>&mdash; PlayDoge (@PlayDogeGame) <a href=\"https:\/\/twitter.com\/PlayDogeGame\/status\/1796577377746620905?ref_src=twsrc%5Etfw\">May 31, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400\">Through the P2E mechanics, the project allows players to earn rewards by caring for their pet and taking it on adventurous journeys, earning $PLAY tokens in the process.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Token holders can also earn from its<\/span> <a href=\"https:\/\/insidebitcoins.com\/visit\/playdoge\" rel=\"nofollow\"><span style=\"font-weight: 400\">lucrative staking system<\/span><\/a><span style=\"font-weight: 400\">, which offers investors an impressive 76% annual percentage yield (APY).<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to Jacob Bury, a prominent crypto analyst and YouTuber, PlayDoge could surge 10X after its launch.<\/span><\/p>\n<p><iframe title=\"PlayDoge New 10X Potential Play to Earn MEME Utility Token (Best Crypto to Buy Now?!)\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/GLvTFi4aMIg?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><span style=\"font-weight: 400\">You can buy $PLAY tokens for $0.00529 each. With a price hike coming a day, buy soon to lock in the best deal.<\/span><\/p>\n<p><span style=\"font-weight: 400\">To join the presale, <\/span><a href=\"https:\/\/insidebitcoins.com\/visit\/playdoge\" rel=\"nofollow\"><span style=\"font-weight: 400\">buy $PLAY from the official website<\/span><\/a><span style=\"font-weight: 400\"> using BNB, USDT, or a bank card.<\/span><\/p>\n<h2>Related News<\/h2>\n<ul>\n<li style=\"font-weight: 400\"><a href=\"https:\/\/www.linkedin.com\/pulse\/best-crypto-buy-now-2024-top-picks-explosive-growth-calsona-6bnie\"><span style=\"font-weight: 400\">Best Crypto to Buy Now (2024): Top Picks for Explosive Growth! &#128640;&#128184;<\/span><\/a><\/li>\n<li style=\"font-weight: 400\"><a href=\"https:\/\/www.linkedin.com\/pulse\/next-crypto-explode-unveiling-potential-market-shaker-calsona-hmwze\"><span style=\"font-weight: 400\">Next Crypto to Explode: Unveiling the Potential Market Shaker of 2024 &#128640;&#128165;<\/span><\/a><\/li>\n<li style=\"font-weight: 400\"><a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/best-cheap-crypto\/\"><span style=\"font-weight: 400\">Best Cheap Crypto to Buy Now In 2024 &ndash; Low Cost Coins<\/span><\/a><\/li>\n<\/ul>\n                                        <div class=\"inContentProviderSingle inContentColor--insidebitcoins fc-row\">\n                        <div class=\"inContentProviderSingle--wrapper\">\n                            <div class=\"container\">\n                                <div class=\"row mb-lg-3\">\n                                    <div class=\"col-12 col-md-8\">\n                                        <p class=\"inContentProviderSingle--title\">PlayDoge (PLAY) - Newest Launch On BNB Chain<\/p>\n                                    <\/div>\n                                    <div class=\"col-12 col-md-4\">\n                                        <div class=\"inContentProviderSingle--rating\">\n                                            <div class=\"rating--holder\">\n                                                <p class=\"rating--text\">Rating<\/p>\n                                                <div class=\"rating--star-container\">\n                                                    <div class=\"rating--star\" style=\"width: 100%;\"><\/div>\n                                                <\/div>\n                                            <\/div>\n                                        <\/div>\n                                    <\/div><!--\/.col-md-4-->\n                                <\/div><!--\/.row-->\n                                <div class=\"row\">\n                                    <!-- *******  Desktop Provider Logo ********** -->\n                                    <div class=\"col-12 col-md-12 text-center d-block d-sm-block d-md-none d-lg-none\">\n                                        <img decoding=\"async\" class=\"inContentProviderSingle--img mb-3\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/05\/playdoge.svg\" alt=\"PlayDoge\" width=\"125\" height=\"60\">\n                                    <\/div>\n\n                                    <div class=\"col-12 col-md-8\">\n                                                                                    <ul class=\"inContentProviderSingle--list\">\n                                                                                                    <li>2D Virtual Doge Pet<\/li>\n                                                                                                    <li>Play To Earn Meme Coin Fusion<\/li>\n                                                                                                    <li>Staking &amp; In-Game Token Rewards<\/li>\n                                                                                                    <li>SolidProof Audited - 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