Key Takeaways:
- Jesus coin worth spiked 32% on Oct. 16 regardless of any seen cues.
- The mission possible began as a joke earlier than buyers moved in.
- There isn’t any readability on the mission’s tokenomics.
NEW DELHI (CoinChapter.com) — The value of Jesus Coin, a memecoin, rallied over 27% on Oct. 16 to succeed in a every day excessive close to $0.000000064.
The memecoin continued its rally from Oct. 15, when it spiked practically 51% from the day’s low of $0.00000004. Nevertheless, bears pared many of the token’s positive factors, indicating that bears are promoting the “holy” memecoin.
Nevertheless, higher wicks on each side of Oct. 16’s every day candle spotlight that the bulls are combating to maintain the rally going, and JESUS would possibly reply to the shopping for strain.
Nevertheless, if the bears win, JESUS worth would possibly drop to the help close to $0.000000045. Breaching the speedy help might power the Jesus Coin worth to check the help close to $0.0000000315.
The RSI for JESUS is close to the overbought threshold, with a rating of 68.92, including to the bearish cues in opposition to Jesus Coin.
But, if the bulls’ “prayers” are answered, the memecoin worth would possibly rally to the resistance close to $0.00000007. Flipping the speedy resistance might assist JESUS worth goal the resistance close to $0.000000084 earlier than retreating.
Jesus Coin worth has had a good run since its launch in Could 2023, spiking over 6,050% to succeed in its all-time excessive close to $0.00000016 on Could 28. Although the token has since remained downtrend, JESUS worth began rallying in the direction of the tip of Sept. 2023.
God Works In Mysterious Methods, And So Does Jesus Coin
Curiously, no clear clues exist concerning what instigated Jesus Coin’s latest rocket experience. There are a lot of posts on X (previously Twitter) that shill the token, however there’s little else driving the JESUS worth rally.
A number of crypto influencers shared posts shilling the memecoin with out explaining why Jesus Coin was rallying. Most influencers had been cautious in mentioning that their publish was not a piece of monetary recommendation, probably to keep away from backlash if the mission rug pulled its buyers sooner or later.
One person claimed that although they didn’t personal Jesus Coin, the memecoin’s worth rally was spectacular. One other person asserted the JESUS worth would proceed rallying, stating that “the approaching of Jesus will likely be wonderful.“
Nevertheless, the token’s neighborhood consists of some devoted customers, together with one who thanked the neighborhood for its “blessings.”
Jesus Coin: A Undertaking That Guarantees Salvation To Holders
The mission’s homepage is a mixture of its white paper and a bunch of jokes on its identify. The group declared that the mission aimed to “decentralize” Jesus.
And there can be a cryptocurrency, and it could be wondrous, and the Lord would say unto thee followers ‘purchase thee Jesus Coin on the highest attainable bonus construction
Excerpt from the Jesus Coin’s web site.
Moreover, the mission claimed that JESUS would grow to be the “de-facto” crypto token for “all good Christians.”
Furthermore, the web site shared particulars of the “group” behind the Jesus Coin mission, sharing that Jesus Christ was the CEO and founding father of the mission. Different notable personalities from the Bible make an look too, and a few not so notable, comparable to Jesus’ Donkey as head of customer support.
The neighborhood that JESUS has gathered goes on to point out that nearly something goes on the subject of crypto, with each new mission claiming to be the subsequent Bitcoin and promising a rags-to-riches fairytale for all holders.
Nevertheless, as a result of lack of transparency within the mission’s tokenomics and with little information in regards to the precise group, JESUS appears to be a dangerous funding in the mean time. Traders ought to do their very own analysis earlier than investing within the mission as a substitute of praying to make sure they don’t lose their cash.
Jesus Coin “Mysteriously” Spikes By Over 27% In a Day coinchapter.com 2023-10-17 16:48:28
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