By As Nothing Token Explodes +112% Overnight, This May Be the Next Crypto to Explode – 100x Possible?
As on-chain excitement springs back into the market, Nothing Token (THING) has exploded +112% overnight.
Recent weeks have seen a huge trend in explosive DEX-launched tokens, with countless moon-shots garnering significant attention, including the ever-popular APX, RAIN, MEGA, REFUND, DRS and SNOR.
For a long-time $THING has been considered a legacy coin, first launched in Spring 2023 under nefarious circumstances – from a now suspended Twitter account ‘Nothingsquer‘ – with historic tweets alleging a scam-coin after $THING launched with a 25% sell tax, and a whale-wallet containing 40% of token supply.
But now, $THING appears to be bouncing back, with a new Twitter account ‘NothingSquare_‘ breathing life back into the OG on-chain token – as withdrawals are reopened.
Nothing Token Price Analysis: How High Can This Comeback Rally Fly?
Amid the recovery price action, Nothing token is currently trading at a market price of $0.067154 (representing a 24-hour change of +112%).
This comes following a bounce out of rock-bottom price levels at $0.063396, this lower support level was established with more than a month of consolidation following the sudden -84% retracement move back on September 19.
The upside surge appears to have been driven by a rapid influx of $64k in 24-hour trading volume, across 40 buys by eagle-eyed traders.
THING price action is now battling to establish a higher support at $0.067150 – however, further upside movements from here could be tested by sell-pressure from over 1000 underwater holders.
Indeed, over the last 6-hours sell-pressure has become dominant – with sells now comprising 63% of transactions.
This suggests THING is likely to see a resounding return to lower support, however, amid heightened excitement in markets – a break high could still be on the cards.
In other news, an emerging Bitcoin cloud mining presale has exploded over the past week as investors have become supercharged by the prospect of accessible retail mining profits.
Bitcoin Cloud Mining Presale Heads for Stage 3 as $BTCMTX Surges Past $2m
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Disclaimer: Crypto 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.
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