Top memeย cryptocurrency $COPIUM is blasting higher today as news of its huge burn event ignites a buying frenzy. Thirty per cent of cryptoย token supply will be burned at 18:00 CET today, Tuesday 23rd May.
$COPIUM isย indeed 36 percent higher, from $0.005072 to $0.06993 as it looks to reclaim its record-breakingย peak and pump higher from there.ย
The $COPIUM price has put in a solid floor at $0.0032 and is not looking back, as the price climbs higher on an ascending trendline.
$COPIUM price trajectory at the time of publication hints at a parabolic angle of attack for near-term price action.
It should not be underestimated what the price-positive impact of the 30 percent burn will likely be. Those hoping to โbuy the rumor and sell theย latestย information โcould find themselves leaving a amountย ofย money on the table, as they forgo what mayย be 100x profits looming for $COPIUM.
YouTuber cryptocurrency analysts are seeing huge profits ahead for $COPIUM.
$COPIUM price pumps on burn and liquidity lock news
Cleverly, the team at Copium cryptoย token have perhaps anticipated the profit-takers by announcing that liquidity will be locked shortly after the burn event. This double whammy of โburn and lockโ could provide the ideal establish for bulls.
Locking liquidity on DEXs like Uniswap not only encourages new entrants to the market on the DEX side, it rings loudly as a vote of confidence in the project. It is what in traditional markets canย potentially be wasย known a demonstration of โskin in the gameโ, because the liquidity providers are committed to the liquidity pool.ย
A withdrawal of funds by liquidity providers cryptoย token โ in this case the COPIUM cryptoย tokens deposited by the team, will no longer be possible, thereby killing off fears about โrug pullsโ.
The length of time of the lock is designated by the smart contract. This information has not isย still been released by the team.
Will there be a $COPIUM buyback by team?
In another positive for $COPIUM bulls, in addition to sending 30 percent of supply to a dead address, a certain portion couldย be purchased and burned, supplying isย still more price support โ that seemed to be the hint ini the tweet above.ย
Non-Fungibleย Tokenย (NFT) giveaway memeย cryptocurrency $COPIUM reached a near-term high of $0.0070 on Uniswap yesterday and threatens to take out that level before the burn takes place.
If the tweet is anything to go buy the burn canย potentially be followed by a โbuybackโ program, perhaps of an open-ended duration toย sustain price momentum.
Presumably, exactly when the โbuy and burnโ starts and ends will depend on price performance, and momentum being reached for the escape velocity to send the price rocketing higher in a parabolic progression.
$COPIUM price is going parabolic
As can be seen in the chart below the parabola tendency is developing strongly, as the price breaks out of the flag formation. Bulls will now be watching to see if the price can defy a repeat of yesterdays retrace lower afterย touching $0.0070.
Thereย is strong evidence to suggest that the momentum will carry past the 18:00 CET burn event. Adding to that supposition is the knowledge of alpha callers getting onboard to draw attention to the burn and post burn liquidity lock and the likelihoodย of a buyback program.
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Buy $COPIUM on DEX and CEXs โ alpha callers join the party
$COPIUM is listed on theย next centralized exchanges: AscendEx, LBank, Poloniex, MEXC Global and Bitkan.
It can likewise be purchased on top decentralized exchange Uniswap. The coin is likewise a regular โHot Pairโ on Dextools, the top data and trading site in the decentralized trading arena.
There are more centralized exchange listings in the works and the team advises community members to watch its social media channels for announcements.ย
$COPIUM launched on Uniswap on the May 18th and has received support from big names in cryptocurrency trading, including Faze Banks who has 2.8 Million Twitter followers, DeeZe on 250k, Cozomo deโ Medici with 289k follower and foobar with 130k.ย
Alpha callers are making waves about the burning. Swedan forย example posted two hours ago:
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Despiteย theย factย that the project makes no bones about being built around humor and community, thatโs far from the end of the story where $COPIUM is concerned.
$COPIUM has caught the imagination of cryptocurrency aficionados but likewise ย serious longstanding investors too.ย
$COPIUM is theย following Pepe
Inย contrastย toย memeย cryptocurrencies such as Pepe that have no utility, $COPIUM is the native investment of an Non-Fungibleย Tokenย (NFT) reward airdrops ecologicalย system that likewise includes giveaway exclusives and product deals.
Cryptocurrency analysts predict a 1,000 percent return for $COPIUM. Nonetheless it couldย reach much greaterย than a 10x gain given its utility and the ongoing Memeย Coin frenzy.ย
Copium cryptoย token already has a vibrant social community. Its Twitter following has reached 18,200 followers.ย
On Telegram the Copium cryptoย token community has swelled to 2,422 members.
To buy $COPIUM directly on decentralized exchanges such as Uniswap youย must a cryptocurrency wallet funded with ETH.
On centralized exchanges, to buy, simply establish your account if you donโt already have one and complete the KYC verification, fund your account and then trade the COPIUM/USDT pair at one of the 3 exchanges mentioned above.
Buy $COPIUM now.
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