NOIDA (CoinChapter.com) — Blockchain platform MINU’s recent price rally saw it nearly double in value in less than 24 hours. However, apart from hype, the memecoin has no other cue indicating the reason for its bull run.
The spike on Feb. 15 saw the MINU price spike nearly 76% to form a daily high near $0.000000173, before retreating slightly.
The price movement drew traders’ attention to the token, highlighting its activity in the cryptocurrency market. Moreover, the spike in Minu’s price accompanies a rise in trading volume, reaching $5 million, highlighting a growing interest from traders and investors.
The platform has been actively shilling its token on social media. However, apart from the marketing campaign, there is little else propelling MINU’s price rally, suggesting a possible market manipulation in the works.
MINU Model, Listing and Community Could Have Staying Power
The ProBit Global trading platform listed the Minu token (MINU). The project, which markets itself as the world’s “first-ever” mining meme coin, MINU allows users to mine and earn rewards via its decentralized app.
The listing, announced on Feb. 6, aligns with MINU price’s market performance and increasing trader interest. With over 4,000 holders and endorsements from prominent social media figures like ‘Altcoin Gems,’ MINU has mastered the art of generating hype and attracting attention.
Furthermore, the token’s deflationary model, burning over 80% of its supply and applying a 5% transaction tax, incentivizes long-term holding. ProBit Global’s listing of MINU signifies confidence in its model and growth potential.
Through giveaways and airdrops, MINU aims to attract traders and build a community around its mining and rewards system. The listing positions MINU for continued growth and adoption in the cryptocurrency market.
MINU Rally Has People Wondering: What Is Minu?
Minu claims to introduce a ‘unique‘ approach to cryptocurrency mining and rewards. The project, positioning itself as the first “mining dog coin” on the Binance Smart Chain, offers a daily return of 8% in BNB to its miners.
The feature aims to encourage participation and investment in the Minu ecosystem, contributing to its liquidity and market presence.
Additionally, the protocol ensures that mining and earning daily rewards are exclusive to Minu token holders, fostering a community-centric model. It also employs a burn mechanism and imposes a transaction tax to support the project’s sustainability and promotional activities.
Overall, Minu’s recent market performance and its protocol features are drawing interest from various quarters of the cryptocurrency community.
