As aforementioned about Friday’s growth, the new memecoin Golden Inu [BEP-20 version] continues to showcase strong upward movement in the market.
Last week, we talked about how the price of $GOLDEN had been entangled in a trading tunnel, meaning that the currency was trading within a limit, bouncing up and down before buyers of sellers could out-strength each other.
The asset had been trading within the zone for most of June. However, on the 21st, Golden Inu showed the first indication that it would be breaking above that zone for good.
Since then, buying pressure has overtaken the market, making the currency break its resistance and reach over 10% up from that zone.
Currently trading at $0.000000000004, stipulations from previous price-action movements indicate that $GOLDEN’s next milestone is the $0.000000000005 zone.
What to Expect From $Golden in July
Ahead of the end of the month, the memecoin is picking up pace before the first month of 2023’s second semester.
With the presale almost reaching its soft cap, the currency will then draw its attention to the much-awaited launch on the Ethereum blockchain.
If the ERC20 ICO resembles anything from the BNB Chain coin offering, Golden Inu holders will be up for a ride.
At the time in February, the ICO proved to be a success, catapulting the price of $GOLDEN to up to 1000% in growth.
Moreover, launching the ERC20 version of Golden Inu is said to open up several possibilities that will provide utility to the token. The developers are already working on the launch of a new DeFi Play-To-Earn [P2E] game, “Golden Inuverse”.
On top of that, by coexisting on two blockchains, the team behind the project intends on making $GOLDEN a facilitator that will allow holders to swap currencies between multiple blockchains, in an upcoming decentralized exchange project.