As a seasoned researcher with years of experience in the volatile world of cryptocurrencies, I can’t help but feel both a sense of intrigue and caution when observing the rapid rise of new tokens like Black Agnus (FTW). Having witnessed numerous instances where initial excitement led to substantial losses, I always remind myself – and others – to tread carefully in this dynamic landscape.
TL;DR
- One new cryptocurrency surged by over 400% in the past 24 hours, reaching a market cap of nearly $2 billion and becoming the fourth-largest meme coin.
- While its rise draws interest, the team warns of fake versions attempting to scam users, urging caution and due diligence before investing.
Entering the Market With a Splash
In the rapidly expanding world of meme coins, fresh tokens are consistently being introduced, with some experiencing significant popularity just days after their debut. The most recent example is Black Agnus (FTW), a bull-themed coin that has seen its price soar by more than 400% in the last 24 hours and is currently trading at approximately $0.0001812.
FTW’s market capitalization exploded to almost $2 billion earlier today (September 17), making it the 50th-largest cryptocurrency and the fourth-biggest in the meme coin realm. The first three spots remain occupied by Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE).
As a researcher, I’ve noticed an outstanding improvement in the performance of the coin since it was listed on renowned crypto data platforms like CoinGecko and CoinMarketCap.
It’s worth noting, though, that the team behind FTW issued a warning that bad actors have created fake versions of the asset in an attempt to con users. “Always double-check the contract address before making any transactions,” the working group alerted.
Previously, CryptoPotato recommended that individuals carefully research before entering the crypto world and invest only an amount they’re prepared to part with. For those interested in additional essential tips, please check out our informative video below: [Video Link]
The Rest of the Gainers in the Niche
In the past 24 hours, it’s not just FTT that is seeing significant increases. Coins like NEIRO (+43%) and BABYDOGE (+13%) are also performing well. This surge might be connected to Binance, as they recently added NEIRO/USDT and BABYDOGE/USDT trading pairs.
Conversely, popular meme coins such as DOGE, SHIB, PEPE, FLOKI, BONK, BRETT, and others continue to show losses (remain in red territory). Among the top 10 list, DOGS experiences the most significant drop, with a 6% decrease in price.
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2024-09-17 10:56