Baby Beercoin’s price has skyrocketed 91% in the last 24 hours to $0.0008785, fueled by a 670% jump in trading volume to $4.5 million.
This surge may have been triggered by the token’s recent listing on MEXC, as traders hurried to buy in for Fear of Missing out on the opportunity.
Advertisement
BBEER is also among the top two trending memecoin according to data from coinmarketcap just below Notcoin.
We're thrilled to announce that the @BabyBeercoin Kickstarter has concluded and $BBEER will be listed on #MEXC!
🔹Deposit: Opened
🔹BBEER/USDT Trading in the Innovation Zone: 2024-06-13 07:00 (UTC)Details: https://t.co/NjoqcCitiP pic.twitter.com/orBEeYOZgd
— MEXC (@MEXC_Official) June 13, 2024
With aspirations to become a major player, Baby Beercoin promises both fun and potential profits for its holders. By joining its enthusiastic community, you can be part of its journey from a charming novelty to a significant contender in the crypto space.
Baby Beercoin currently boasts a Fully Diluted Valuation of $878,476. The cryptocurrency has a total and maximum supply of 1 billion coins, indicating that all the coins that will ever be available are already accounted for.
Despite this, the exact number of coins in circulation has not been disclosed, leaving some uncertainty in the market.
Beercoin Price Bulls Gear Up For A Rally
Baby Beercoin’s price has been in a period of consolidation after sharply dropping from its peak of $0.004682. Currently, signs point to a potential comeback as bulls prepare for a rally. If this plays out, bulls could drive the price upward, aiming to reach the previous high of $0.004682, showcasing strong bullish momentum.
BBEERUSD Analysis. (Source: Dextools.io)
Additionally, Baby Beercoin’s price has recently surged below the 50 Simple Moving Average (SMA), suggesting a shift towards upward momentum. However, it currently remains below the 200 SMA. If bullish sentiment persists, bulls might push the price above both SMAs, potentially signalling a bullish rally ahead.
The Relative Strength Index (RSI) is trending upwards from the neutral 50 level, which suggests that the selling pressure might be easing up. If bullish momentum strengthens, the RSI could climb further, potentially moving into the overbought zone above 70, indicating heightened buying interest and supporting a bullish sentiment for Baby Beercoin price.
The MACD (Moving Average Convergence Divergence) is trading along the neutral line, indicating an indiscretion between buyers and sellers. The blue average line has crossed slightly above the orange signal line, indicating a shift towards bullish momentum. The histogram bars further confirm positive momentum in the price movement, reinforcing the overall bullish sentiment.
Baby Beercoin Price Bulls Ready for a New Rally?
Although Baby Beercoin’s price has dropped from the $0.001045 level and is currently trading below the 2000SMA, there’s still a chance for an upward trend. If the bullish momentum picks up and pushes BBEER’s price above the 200 SMA, it could spark a new rally to reclaim the $0.004682 high in the coming days.
On the other hand, if the bears keep the price below the 50SMA, the bullish momentum might fade, and the price could slide down to the $0.0003041 support level.
You can trade BBEER tokens on both decentralized and centralized crypto exchanges. Raydium stands out as the top choice for buying and trading BABY BEERCOIN, with its BBEER/SOL pair boasting a trading volume of $223,231 over the past 24 hours. Other popular platforms for BBEER trading include MEXC and Jupiter.
Learn More
- Gorilla Price Surges as Bears Falter: $0.017 Highs on the Horizon
- Most Important Cryptos Other Than Bitcoin – Top 15 Bitcoin Alternatives 2024
- 20 Top Cryptocurrencies to Watch for 2024 – Detailed Reviews
- Next Cryptocurrency to Explode in 2024
Disclaimer: Cryptocurrency is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
Advertisement
