As an experienced analyst in the cryptocurrency industry, I’ve witnessed firsthand the power of community takeovers (CTOs) in reviving abandoned or rug pulled projects. CTOs represent a unique aspect of the crypto space where communities come together to breathe new life into stagnant projects. In my opinion, investing in CTO cryptos can yield massive profits during bull runs.
In the upcoming cryptocurrency bull market, projects led by community takeovers (CTOs) present enticing opportunities for investors aiming to reap substantial profits. The CTO phenomenon is a recent development in the crypto sector, where passionate communities band together to breathe new life into abandoned or deceitful projects. Historically successful CTOs have sparked impressive price surges and significant market capitalization growth. Here are three promising CTO cryptos for investors to consider during the bull run:
1. CTO Cryptos To Buy – Apu Apustaja (APU)
Originating from the depths of 4chan, a popular anonymous online message board, Apu has blossomed into a corporation valued at over $143 million.
Apu Apustaja is derived from an internet meme named Apu Apustaja, which bears a rough resemblance to Pepe the Frog. The term “Apu Apustaja” translates to “Helpful Helper” in English. Launched on Ethereum‘s mainnet around early March, the project gained traction due to an engaged developer, secured liquidity, and transparent contract details.
I made an observation a month after the launch of the project that the developer was selling off tokens from various wallets associated with him. This action triggered a chain reaction, causing investors to withdraw from the project and resulting in a dramatic price drop of 84%. However, the resilient community took control, revitalizing the project and propelling it to an unprecedented market capitalization peak of $311 million on May 21.
At present, APU‘s price is at $0.0004103, representing a 22% increase from its day-start value. Despite this gain, the cryptocurrency’s market capitalization has dropped more than 50% below its all-time high, offering potential buyers an attractive chance to purchase APU during this price downturn. Additionally, daily trading volume has risen by approximately 4%, suggesting a surge in investor interest and heightened market activity.
2. Terra Luna Classic (LUNC)
Most crypto enthusiasts are familiar with the story of Terra Luna Classic and the troubles that Have hit Do Kwon and Terraform Labs (TFL). The media has reported on these setbacks frequently since the decline of this formerly $40 billion blockchain.
After the collapse of the initial Luna blockchain, I, as its founder, chose to abandon the traditional model and instead focus on building Terra 2.0. However, my actions have led me to become a fugitive, evading legal pursuits by both American and South Korean authorities due to allegations of financial crimes.
The value of LUNC plummeted from $115 on April 6, 2022, to under a dollar just a month later. It reached an unprecedented low of $0.000001 on May 13, 2022, but then promptly rebounded.
After the unfortunate incident involving the crash, I, as an analyst, want to emphasize that the community chose not to abandon the blockchain entirely. Instead, a significant portion of this community followed the founder in initiating Terra 2.0. Two years have passed since then, and Terra Luna Classic continues to exist and function under the governance of the Terra DAO.
The network persisted via community-proposed initiatives and collective decision-making, encountering several hurdles such as dishonest validators and disputes within the community regarding significant choices about the blockchain’s future.
As a researcher, I’d express it this way: The current value of LUNC stands at $0.00008213. If you were among the savvy investors who seized the opportunity during the May 13, 2022, crash, your gains would now amount to a staggering 8,075% profit. The market capitalization of LUNC is estimated at $449 million, while the daily trading volume has surged by an impressive 132% in just the past 24 hours – a clear indicator of heightened investor attention and interest.
1. The SEC case led to Terra’s downfall.
As a crypto investor, I’ve been keeping a close eye on recent developments regarding Binance and the Tether (USDT) stablecoin. Two intriguing rumors have surfaced, and I’d like to clarify how they might be connected:
— KT4⃣.Lunc.BNB (@ktham43) June 23, 2024
The ongoing developments in the SEC-TFL case have left the community facing a delicate predicament. Currently, the community is considering the option of unifying Terra 2.0 and Terra Classic into a single decentralized blockchain governed by the community.
3. Gigachad (GIGA)
Ernie Khalimov’s “Gigachad” meme inspired the creation of a meme token on the Solana blockchain in early February. Initially, the project gained significant traction and saw its market capitalization surge from $11 million to an impressive $47 million. However, just a month after launch, the developer unexpectedly left the project. Despite this setback, the dedicated community took charge, driving the token’s growth.
At the present moment, the cost of a GIGA token is hovering at $0.001639. This represents a 10% increase in value over the past 24 hours. The current market capitalization of GIGA sits around $15 million, offering potential buyers an attractive opportunity to acquire this CTO cryptocurrency.
The trading activity for Gigachad has significantly increased, with a 450% surge in daily volume, suggesting growing investor attention towards this meme coin. A notable support level exists around a $10 million market capitalization, which could potentially serve as a springboard for a rebound and a return to the previous all-time high.
Conclusion
As a seasoned crypto investor, I’ve witnessed firsthand the tenacity of our community in the face of takeovers. In traditional finance, such events would be referred to as short squeezes and are notoriously challenging to execute. However, as our crypto community expands, these maneuvers will progressively become more complicated due to increasingly stringent regulations.
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2024-06-25 14:44