With a low DEXTscore and plentyย of smart contract warnings, new cryptocurrency coins with a Unitedย States election theme have topped the daily gainers charts on DEXTools.
Inย contrastย toย centralized cryptocurrency exchanges (such as Binanceย Cryptoย exchange, Coinbase) anyone can list a new digitalย currency cryptoย token on a decentralized exchange (Uniswap, PancakeSwap) and often cryptoย tokens pumping by tens of thousands of % on a DEX are cryptocurrency scams.
Elon Muskย (Teslaย &ย SpaceX CEO) Twitter Space Inspires New Cryptocurrency Shitcoins
Althoughย while some โshitcoinsโ can be purchased and sold for a profit by experienced traders, the $TRUMP cryptoย token forย instance has a 98 percent transaction tax on selling it, which some beginners couldย be trapped by.
The new cryptocurrency cryptoย tokens may have been inspired by the โtechnical glitches and hot mic momentsโ of DeSantisโ recent Twitter Space, hyped by Elon Musk.
A viral parody of the event features DeSantis, George Soros, Klaus Schwab, Dick Cheney, Adolf Hitler, the Devil and Trump.
President Ron DeSantis Token
President Ron DeSantis (RON) cryptoย token has a blacklist function, modifiable tax and other issues in the automatic audit results displayed on its dextools.io page.ย
RON cryptoย token asย ofย now only has 69 holders regardlessย of pumping over 30,000%, and a 53/99 rating.ย
That could suggest itsย value explosion is not real organic demand from buyers looking to invest in a Ron DeSantis coin.
Another new coin on Uniswap Trust The Ponzi (TRUST) is likewise trending, a reference to QAnon phrase โtrust the planโ during the last Unitedย States election race.
On May 24th a $BIDEN cryptoย token likewise appeared on Uniswap before instantly retracing its initial pump.
Donald Trump Token
Donald (TRUMP) has a 98 percent sell tax, meaning any buyers will lose all but 2 percent of their cryptoย tokens when closing a position, and a very low project reliability score of 19/99.ย
There are 77 holders of $TRUMP cryptoย token. With its low liquidity, very little real buying volume is required to pump it by a large percentage in the 5 figures.
Althoughย while buyers couldย be drawn in by seeing the Trump coin price up over 10,000%, they wonโt be be able to take profit and realize any gains.
Safe New Digitalย currency Projects
Earlier thisย comingย week religious themed coins were the latest new cryptocurrency craze, which we informed likewise had similar issues with their Uniswap pairs.
Weโve reviewed numerous safe new digitalย currency coins here at CryptoNews, some at the presale stage and others recently listed on Uniswap or centralized exchange (CEX) platforms.
In total weโve picked out 19 new cryptocurrency coins with high growth potential for 2023 and heading into 2024, including aย combination of memeย cryptocurrencies and utility tokens.
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