• The “BITCOIN” cryptocurrency has skyrocketed by over 300% in value over the past week.
• “BITCOIN” is actually a meme token called HarryPotterObamaSonic10Inu (ERC-20).
• This token incentivizes the creation of novel and entertaining meme content.
Bitcoin’s Unprecedented Surge
The “BITCOIN” cryptocurrency has seen an unprecedented surge in market capitalization, jumping by over 300% in value over the past week. This growth comes as a surprise for investors, considering that it was only launched in mid-May this year.
What is Bitcoin?
Contrary to its name, “BITCOIN” isn’t actually the world’s largest cryptocurrency but a relatively new meme token called HarryPotterObamaSonic10Inu (ERC-20). It encourages users to create novel and entertaining meme content with its 0 Tax incentive system. Currently, it trades for $0.067 with an estimated market cap of $66 million.
Where Can You Buy Bitcoin?
The majority of Bitcoin trading takes place on UniswapV2 on Ethereum, where it generates over $14 million in daily volume. As such, this is the best platform to purchase “BITCOIN” from if you are interested in investing or trading it.
Rise Of Meme Coins
The sudden rise of Bitcoin can be attributed to the increasing popularity of memecoins after Pepe (PEPE) rose to prominence and BRC20 tokens began popularizing on the actual Bitcoin (BTC) blockchain. Spinoff coins have at times seen some success – Shiba Inu (SHIB) being one such example that launched in 2020 as a spinoff of Dogecoin (DOGE).
Conclusion
In conclusion, “BITCOIN” is a relatively new meme token that has recently surged in value by more than 300%. Its incentivization system encourages users to create novel and entertaining meme content with its 0 Tax feature while trading predominantly occurs on UniswapV2 on Ethereum.