Lovely Inu Price Spikes By Over +42,000,000% After WazirX Listing But What is LOVELY Crypto?
What is LOVELY Crypto? Lovely Inu Finance rallied by 42,000,000% after the WazirX listing. And now analysts think 99Bitcoins will also spike.
It is not unusual for tokens to post 100X gains overnight. All that’s needed is a catalyst; it can be a news event, a celebrity endorsement, or even a coordinated manipulator’s pump-and-dump scheme.
Lovely inu market cap 2 trillion dollar @Lovely_finance @binance @coinbase @BitMartExchange @Bybit_Official @cryptoamanclub @CryptoWthVishal @elonmusk @hamster_kombat @HTX_Global @kucoincom @okx @RYadav8177 @WazirXIndia pic.twitter.com/qaGhAbxPdm
— ❣️ crypto ❣️ investor ❣️❣️ (@DKSingh07775320) July 2, 2024
So, Wait WTF? Why Did LOVELY Crypto Spike By 42,000,000% Overnight?
Earlier today, LOVELY, the token behind Lovely Inu Finance, soared by over 42,000,000% in a matter of hours.
However, a closer look reveals a story fueled by a glitch on CoinMarketCap, a coin tracker, following the listing on WazirX, a crypto exchange in India.
⚡️ Lovely Finance is now listed on WazirX ⚡️
You can now buy, sell, and trade $LOVELY in both USDT and INR markets on WazirX 🚀
Repost to spread the word 🙌 pic.twitter.com/88HkCQh5wC
— WazirX: India Ka Bitcoin Exchange (@WazirXIndia) July 2, 2024
Unfortunately, the spike wasn’t for a fundamental reason like project growth but has now been attributed to an error during an upgrade on CMC following the WazirX listing. This has led some in the space to allege the move could have been a strategic marketing gimmick.
Despite the misleading price surge, Lovely Inu Finance is now on investors’ radar, and everyone wants to know more about the DeFi project.
According to public information, the corporation behind the DeFi protocol is registered in Panama. Moreover, CertiK, a blockchain security firm, has audited all of Lovely Inu Finance’s code.
Currently, Lovely Inu Finance offers a DEX—the Lovely Swap—that uses an automated market maker (AMM) model, enabling trustless trading.
Additionally, they have a non-custodial wallet, dubbed Lovely Wallet.
While they push for more financial inclusion, there is also an incentive for LOVELY holders to continue locking up their tokens via staking.
For this to happen, the protocol has enabled a buyback program in which all LOVELY bought are burnt, making it deflationary.
99Bitcoins Gains Massive Traction: Don’t Miss This Easy 10x Gainer
While Lovely Inu navigates its post-glitch reality, 99Bitcoins is capturing investor interest in the ongoing 99BTC presale.
Over $2.3 million has been raised so far, meaning users are keen to acquire the 99BTC token despite the current market slowdown – with the viral high APY presale surging to its next goal of $2.5m.
What’s attractive about 99Bitcoins is its dedication to educating the world about crypto and its benefits. For over ten years, 99Bitcoins has been an authority.
The crypto news outlet is now relaunching and integrating a learn-to-earn (L2E) model, rewarding users with 99BTC for completing educational modules and quizzes.
By gamifying crypto education, 99Bitcoins successfully incentivizes users to acquire valuable knowledge that can benefit them, opening up income sources.
Additionally, 99BTC holders can stake, earning even more tokens. Currently, over 1.5 billion 99BTC have been staked.
Besides staking, holders can access exclusive crypto education content, receive trading signals, and more.
In the coming months, analysts think 99BTC will soar. In their view, the token will rally to record highs, especially once it lists, relaunches on Bitcoin as a BRC-20 token, and releases a DEX.
So don’t miss out on this huge opportunity.
EXPLORE: Bitcoin Is Up But Bulls Won’t Sustain The Momentum: Here’s Why
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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