The new token creating waves in the memecoin market is showing signs of a potentially profitable entry point for investors who are still not in the Golden Inu ($GOLDEN) token’s ship.
After surging by a whopping 1900% since June 11 and reaching its all-time high a couple of days ago, the BEP-20 $GOLDEN token is still resilient, threading closely to its peak.
Since last week, the currency is showing strong signs of recovering from a recent setback that caused it to retract by 10% over the past couple of days. A bull run appears imminent.
Taking a closer look at the charts, this recent downward movement could provide an interesting entry point for traders looking to “buy the dip”. The $GOLDEN token is still trading above the 200-day simple moving average — which means that the overall sentiment of the asset is still bullish.
Taking that into account, the BEP-20 $GOLDEN token is currently surging by 7% over a few hours last week, triggering further analysis. The positive movement, along with recent price changes, likely means that the currency could be going into another surge after refusing to do beneath the 200-day SMA.
Entry Point Could Reap Significant Profits if $GOLDEN Touches ATH
If these estimations are correct and this recent 7% rise indicates a new rally for Golden Inu, investors could be reaping significant rewards over the course of the next couple of days.
In the case that BEP-20 $GOLDEN jumps back to near its all-time high — investors who acquired the token today would be seeing 98% returns — nearly doubling their initial investments.
To add to that, market movements as high as 150% in a single day are not unheard of for Golden Inu. Due to its still low market cap and large potential for growth — the currency has seen several surges of that caliber in the span of 24 hours.
Golden Inu Upcoming Developments That Further Solidify The Idea of Incoming Growth
Golden Inu’s team has been diligently working on projects that expand the token’s utility and ecosystem. One such development is the launch of the Golden Bazaar, an innovative decentralized marketplace that will enable users to buy, sell, and trade goods and services using $GOLDEN tokens. This marketplace promises to revolutionize the way e-commerce operates within the crypto space.
Additionally, Golden Inu has been actively developing a decentralized exchange (DEX) that will leverage dual-blockchain technology to facilitate seamless token swaps across multiple blockchains.
This move toward decentralization and interoperability is expected to further enhance the value and attractiveness of the $GOLDEN tokens.
In conclusion, the recent resilience and positive movements of BEP-20 $GOLDEN indicate a potentially profitable entry point for investors.
With its strong growth history and promising upcoming developments, Golden Inu presents an intriguing opportunity for those seeking to capitalize on the memecoin market’s dynamic nature. As the project continues to innovate and expand its ecosystem, the future looks golden for those who join the $GOLDEN ship.
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