This spring, the number of meme cryptocurrencies on the market has increased significantly. And there is a corresponding demand for them – over the past week, meme coins have entered the top of growing cryptocurrencies on exchanges. Among the coins with viral potential stands out a new project Copium, which has already gained popularity among representatives of the cryptocurrency community.
The meme coin $COPIUM grew by 1000% immediately after listing
Copium is a new meme cryptocurrency that managed to set a record just a day after its release on Uniswap. The token rose by 1000% immediately within minutes. The reason was the increased interest of buyers and the rapid spread of information about the new meme coin. The token was supported by such cryptoinfluencers as Faze Banks, who has 2.8 million followers on Twitter, DeeZe (250 thousand followers), foobar (130 thousand followers) and many others.
The closed pre-sale realized about 30% of the total number of coins – only 200 people accessed the pre-sale. In total, traders purchased 300 thousand $COPIUM tokens. But the company provided a number of restrictions so that owners could not resell their coins immediately after the exchange listings. Only 10% of the coins that were bought at the presale are subject to unlocking. Access to the remaining 90% will be unlocked gradually over the next three weeks.
Currently, COPIUM is also traded on centralized exchanges AscendEX, LBank, Poloniex, MEXC Global and BitKan. Partnerships with other centralized digital currency trading platforms are expected to be established. The team continues to increase the asset’s visibility in the crypto world.
The concept of the coin is built on the Copium meme, which is popular in the cryptocurrency community. Experts claim that this token is capable of repeating the success of the Pepe coin, which showed an 8000% growth in early May.
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The interest of the community is also fueled by airdrop from COPIUM. Investors who are in the top 200 in terms of the number of coins purchased will be able to participate. The list will be published on the project’s Twitter.
Each participant of the airdrop will be sent a virtual “tank” in the form of NFT. To fill it, you need to buy as many coins as possible. Users will have 14 days to fulfill this condition. After that, they will be able to collect additional tokens. The number of coins received as a result will directly depend on the filling of the “reservoirs”. It is planned to allocate a total of 1% of the total token supply of 1 billion tokens on airdrop. That is, 10 million coins will be raffled off among 200 participants.
The NFTs themselves also have value. They can be sold on an NFT marketplace, such as OpenSea. Interestingly, one such exclusive NFT from Copium is already valued at 0.69 ETH.
The developers are not going to stop there. They plan to attract investors with the help of other offers. For example, Copium token holders will have access to exclusive content and deals in the future.
Recently, the team also announced a 30% coin burn rate, which instantly caused the token to rise. Right now, you can buy COPIUM at a bargain price of $0.005734.
COPIUM’s advantages:
- The opportunity to get an exclusive NFT with value during airdrop.
- The project is backed by major crypto-enthusiasts with an active community.
- Exchange listings on reputable CEXs speak for the reliability of the project.
- 30% of coins are scheduled to be burned this week.
COPIUM forecast – is it worth buying now?
At the moment, the market capitalization of the token is $5.7 million. The volume of coins sold in the last 24 hours, meanwhile, has increased to $4.3 million.
According to DEXTools, there are currently more than 2,500 registered coin holders. In comparison, last week there were about 1,400 COPIUM holders recorded. This suggests that the demand for the cryptocurrency among buyers continues to grow rapidly.
Cryptocurrency industry analysts claim that token burn could provide a boost to COPIUM’s price in the coming days. The long-term forecast also looks quite optimistic. Already this year, the price of the coin can increase to $0.0075 per piece. Experts are confident that over time, the digital asset will gradually become more expensive. For example, in 2024, the token may reach $0.0127, and by 2029 it has chances to fix at $0.046.
Completion
The success of meme coins such as Pepe and $SPONGE shows that interest in meme cryptocurrencies continues to grow. That said, the new Copium project is unique in its meme component and has high potential due to its popularity in the crypto community and its planned burn rate of 30% of total coins. And a thoughtful approach to the gradual unlocking of tokens avoids speculation and a sharp decline in the price of the asset.
With this, COPIUM compares favorably with its competitor Pepe, which after an impressive rise showed an equally impressive fall as early investors started to lock in profits. The combination of strong marketing, viral potential and speculation protection mechanism give COPIUM the status of an interesting asset that can bring investors profit already in the short term.
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Author: Saifedean Ammous, an expert in cryptocurrency economics.
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