US Congressman Supports Driving SKI Price Surge of 25%
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On December 2, it was reported that Republican Congressman Michael Collins from Georgia made an additional investment in the Ski Mask Dog (SKI) native token, purchasing tokens worth $15,000. As a result, the SKI price rose 25% the next day, reaching an intraday high of $0.237, with market capitalization increasing from $187 million to $235 million.
Why Did the Appeal of SKI Skyrocket?
SKI is a meme coin based on Coinbase's Layer 2 blockchain Base, revitalized by community support. Over the past 24 hours, trading volume exceeded $6 million. Although the developers initially abandoned the project, community backing has led to a significant revival.
Core Factors Driving the Surge
Congressman Effect: Michael Collins' investment has brought significant attention to SKI. Celebrity investments often attract retail investors, driving up demand.
Binance Listing Rumors: Recently, a man dressed in ski gear checking charts was interpreted as a tribute to SKI, sparking speculation about Binance potentially listing SKI in the future. SKI has entered Binance's Alpha phase, paving the way for an official listing.
Strong Community Support: According to CoinMarketCap data, 91% of voters predict that SKI will continue to rise. Additionally, SKI's search volume on Google in the US has surged, becoming a hot topic.
Technical and Market Expectations
Technical analysis shows that SKI is approaching a breakout of the descending triangle resistance level, with increasing trading volume providing support for the rise. It is estimated that SKI's average daily volatility is 21.72%, with market sentiment leaning towards optimism.
Conclusion
With congressional support, listing rumors, and strong community momentum, SKI shows significant growth potential. In the future, as more positive news is released, this meme coin is expected to occupy a more important position in the market.
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