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The Daddy Tate value plunged 20% previously 24 hours to commerce for $0.2551 as of 03:00 a.m. EST.
It comes amid FUD (concern, uncertainty, and doubt) within the DADDY market, following allegations of insider buying and selling by crypto analytics platform Bubblemaps.
It stated insiders acquired about 30% of the token’s provide at launch earlier than Andrew Tate started hyping it on X. Bubblemaps stated the insiders maintain over $45 million in 11 wallets.
Meme coin $DADDY reached a market cap of $340 million. This achievement aligns with Andrew Tate’s preliminary aim flipping #IggyAzalea ‘s $MOTHER token @Cobratate 💪🏼 pic.twitter.com/tzI5O8G8rA
— CRYPTO NEWS (@CryptoNewsXBT) June 13, 2024
Studies point out that Andrew Tate has burned 40% of DADDY tokens price $110,597,600.
Andrew Tate Has Formally Burned $110,597,600 Value Of $DADDY,
40% of the entire provide.
That is what it really means to be BUILT DIFFERENT.$DADDY to 1 Billion. pic.twitter.com/funZRpA9Sn
— The Actual World (@AccessTRW) June 13, 2024
Primarily based on demand versus provide dynamics, token burning is taken into account a bullish catalyst because it reduces provide. Whereas the token burning might have been an try and propel the Daddy Tate value larger, buyers appear to have pulled again after the insider buying and selling allegations.
Daddy Tate Value Prediction
The Daddy Tate value is buying and selling with a bullish bias on the four-hour timeframe regardless of the 20% drop on the day. It stays throughout the confines of an ascending parallel channel, which is a bullish technical formation. So long as DADDY stays inside this governing sample, token holders are positioned for extra positive factors.
Primarily based on the Relative Energy Index (RSI) outlook, the bulls have management of the DADDY market because the momentum indicator holds above 50. The Shifting Common Convergence Divergence (MACD) can be nonetheless in constructive territory, tilting the percentages additional in favor of the upside.
With elevated purchaser momentum, the Daddy Tate value may overcome rapid resistance as a result of centerline of the ascending parallel channel. Additional, north, the bulls hauling the DADDY token above the $0.3444 roadblock would encourage extra purchase orders. In a extremely bullish case, overcoming the equal highs of $0.4156 would set the tempo for a continuation north, paving the best way for the controversial token to report a brand new peak.
GeckoTerminal: DADDY/USD 4-hour chart
Nevertheless, if the $0.2101 assist provides manner, the Daddy Tate value may roll over south. The cliff beneath the decrease boundary of the channel may see the DADDY token wipe out the positive factors made since its debut.
In the meantime, buyers are turning to WienerAI (WAI), an AI meme Coin rival to DADDY that raised $2 million in its presale in lower than two weeks only recently.
YouTube channel Cryptonews says WAI is one of the best AI undertaking out there proper now.
Promising Different To Daddy Tate
WAI is the token that powers the WienerAI ecosystem. It’s a hybrid token leveraging its AI capabilities to copy the success seen in different canine meme cash equivalent to DOGE and SHIB.
Extra Wieners day by day – Our WienerAI household is rising quick! 🐾
Extra holders = Extra pleasure for our launch!
Prepared to hitch the pack? 🌭🚀 pic.twitter.com/TPFpsjLGFX
— WienerAI (@WienerDogAI) June 13, 2024
With this resolve, WienerAI brings a singular mixture of animal memes, superior AI expertise, and a few processed meat humor. This has enabled an enormous following, sending the presale previous the $5.66 million mark in funds raised.
We’re forming an unstoppable Military of Sausages!! 🌭🌭🌭
An unbelievable $5.5M raised in mere days and no signal of slowing down 😮💨 pic.twitter.com/q2R7xqLE02
— WienerAI (@WienerDogAI) June 12, 2024
To enhance its utility, the WienerAI undertaking has built-in buying and selling bot capabilities on its platform. This perform delivers user-friendly AI-enhanced buying and selling, seamless swap performance, and 0 charges.
Greater than only a bot–WienerAI is your final crypto buying and selling companion.
We’re delighted to share some sneak peeks with our unbelievable and supportive neighborhood. (1/4) pic.twitter.com/kR8ypeJycj
— WienerAI (@WienerDogAI) June 11, 2024
WienerAI boasts fastidiously designed tokenomics aimed toward fostering long-term sustainability and development. The workforce has already put aside 20% of tokens for staking rewards, the place customers can stake $WAI for a powerful 198% annual proportion yield (APY).
How staking your $WAI feels.https://t.co/g0LrikQz90 pic.twitter.com/3VneRo9wTq
— WienerAI (@WienerDogAI) Might 9, 2024
Every WAI token is at the moment promoting for under $0.000718, a price ticket that can solely be on the cabinets for about one other 32 hours earlier than a rise.
Act quickly in case you are earlier than that value hike strikes. You should use ETH, USDT, or your bankcard to make the acquisition.
Go to and purchase WienerAI tokens right here.
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