The Koma Inu price skyrocketed 198% in the last 24 hours to trade at $0.1712 as of 3.35 a.m. EST on trading volume that soared 2,451% to $147.71 million.
Koma Inu is the self-proclaimed son of Shib and protector of BNB — a dog-based meme coin built around community, and driven by charity and decentralization.
Its price skyrocketed nearly 200% after a new announcement by Binance Futures on X, which said that the platform will launch several new perpetual contracts, including one for KOMA.
#Binance Futures will launch the USDⓈ-Margined $RAYSOL, $KOMA, $VIRTUAL, and $SPX Perpetual Contracts at
🗓️ December 10 2024, 12:00, 12:15, 12:30 and 12:45 respectively.
Read more ➡️ https://t.co/lAGZsn3ytQ pic.twitter.com/0Ci10oB5OO
— Binance Futures (@BinanceFutures) December 10, 2024
Following the announcement, the project saw a number of new CEX listings, including BitGet, ByBit, Ourbit, Biconomy, Bitrue, and XT Exchange. Along the way, it also announced a new partnership with DWF Labs, which will further the project’s mission of bringing creativity and community to new heights in Web3 space.
We are very happy to announce our partnership with @DWFLabs! 🎉
As one of the recipients of the DWF Meme Fund, we are proud to collaborate with DWF Labs to further our mission of bringing creativity and community to new heights in the Web3 space.
Together, we are committed to… pic.twitter.com/mM0cWZmOVt
— Koma (@komabnb) December 10, 2024
Koma Inu Price Prediction
As mentioned, the KOMA price skyrocketed nearly 200% in 24 hours following the listing on Binance Futures, as well as all other listings that followed. The series of listings made the project far more accessible and available to traders and investors.
However, the state of the market eventually caught up to it as the initial hype passed. The token saw a mild correction from $0.2 to around $1.14, from where it continued to gradually increase. However, while technical indicators suggest that there is still room for growth, they also reflect trader hesitance.
The project’s Bollinger bands, for example, have seen a sharp tightening in the last 10 hours, suggesting uncertainty among market participants. The price is still fluctuating between the upper band and the middle zone between the two bands, which is an optimistic signal. The fluctuations are quite small, given that the bands have grown much closer together compared to the situation from 24 hours ago.
Then, there is the project’s Relative Strength Index (RSI) value, which initially stabilized in the neutral zone at 50 after the big surge yesterday. However, the fluctuations started to grow again, and the RSI even reached the overbought zone once since then.
What followed was a sell-off that pushed the RSI back to the neutral zone, but then it started fluctuating between the values of 50 and 60. At the time of writing, the RSI has dropped to 50 again, suggesting that day traders have been performing a series of small purchases and sales, likely seeking to profit from minor price changes.
Other than that, the token’s price is currently relatively stable, and it appears to be following Bitcoin’s lead at this time.
Promising Alternative To Koma Inu
Another highly promising project that recently saw a very important listing was Catslap (SLAP), a new meme coin with a slapping game that blew up immediately after its introduction.
Catslap attracted the community with the free game on its website, but it made them stay and even double down on the game by introducing a Slap-To-Earn model, which lets you earn SLAP tokens for each slap that you perform. Altogether there is a prize pool of $100k.
Being one of the newest and most popular clicking games, the project has recorded 588 million slaps so far, showing just how much the community loves its approach.
Not only that, but it had a countdown to a major announcement, which turned out to be its first CEX listing on MEXC.
YouTuber TodayTrader, who has over 13.2k subscribers, reported on the move recently, warning his community not to miss out on this project and the opportunity that it presents.
Now, there’s only 8 days to the next big announcement, and many believe that it might be a listing on Binance or Coinbase this time.
As the speculation continues to grow, so does the project’s number of holders and participants in its game.
Visit SLAP here.
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