Golden Inu celebrates 144% surge, eyes on even more gains in 2024

Rising contender for 2024’s most profitable meme coin, Golden Inu, is celebrating the impressive success both tokens under its ecosystem have had so far.

The project has had a busy start to the year. On January 1st, Golden Inu launched its first major dApp, a play-to-earn game titled “Golden Inuverse”. In the meantime, $GOLDEN was listed on several new exchanges, paving the way for broader adoption of the currency.

This combination of new investors and gamers flocking towards the project resulted in an outstanding performance of both the BEP-20 and ERC-20 versions of $GOLDEN. Such momentum has fueled an exceptional rally, marking Golden Inu as a token to watch closely in the market. 

Golden Inu Outperforms All Top-10 Memecoins

January has been a shaky month for most crypto assets. Uncertainty surrounding the new Bitcoin Spot ETF left major investors hesitant to make significant commitments, wary of potential volatility in an already unstable market.

As a result, the majority of meme coins have either stagnated or lost value in that time frame. While Dogecoin went through the month without significant losses, other assets like Shiba Inu, Bonk, and Pepe have lost up to 15% of their value. 

$GOLDEN [ERC-20] vs $SHIB. Source: CoinMarketCap.
$GOLDEN [ERC-20] vs $SHIB. Source: CoinMarketCap.
When drawing a comparison to Golden Inu, the discrepancy becomes even bigger. While holders of top-10 meme coins struggled not to lose a lot of money over the past 30 days, $GOLDEN [ERC-20] investors have seen a 132% appreciation of their capital.

The Ethereum-Blockchain-based $GOLDEN is presently trading at $0.00000000002431. A detailed analysis of the charts reveals a notable absence of significant resistance zones from this point forward, suggesting the potential for the asset to explore uncharted territory and reach a new all-time high in February.

$GOLDEN [ERC-20]/WETH 4-hour chart. Source: Dexscreener.
$GOLDEN [ERC-20]/WETH 4-hour chart. Source: Dexscreener.
Following the rally initiated on December 18, which has already bestowed investors with a remarkable 144% in profits, surpassing a new all-time high could potentially yield additional gains of over 20% for those investing in $GOLDEN today.

$GOLDEN [BEP-20] Also Mooning

While the performance of the Binance-Chain-Based $GOLDEN has been more timid than its ERC-20 sister token, the asset is also performing incredibly well. 

$GOLDEN [BEP-20] Surge Since December. Source: Dexscreener.
$GOLDEN [BEP-20] Surge Since December. Source: Dexscreener.
Since January 8th, the BEP-20 version of $GOLDEN has surged by an impressive 40% in value. Yet, looking back to December, the currency has witnessed an astonishing surge, boasting a remarkable 284% increase.

In fact, the currency has recently lost a “zero” off of its price. At this time of writing, $GOLDEN [BEP-20] trades at $0.00000000001017.

$GOLDEN Projections For 2024

Despite their impressive performance, both cryptocurrencies show no signs of slowing down. Considering the offerings the project has in store for the market this year, it’s highly probable that Golden Inu could emerge as one of the breakthroughs of 2024.

On the horizon, the project is bound to start burning tokens via the “Golden Treasury”. This token-burning mechanism functions by using half of the profits from all of the ecosystem dApps to exclusively buy and burn $GOLDEN in circulation.

Furthermore, this utility-focused meme coin aims to launch a new DeFi marketplace named “Golden Bazaar”. This platform is set to revolutionize the way crypto heads buy, sell, and trade goods online. Also, it holds enormous potential for becoming the market’s hub for DeWork opportunities. 

GOLDEN token

The development team also plans to put all of the project’s multi-blockchain capabilities into creating a new decentralized exchange where users could swap tokens from different chains via $GOLDEN.

In a market filled with false promises and blind hope, Golden Inu’s “do first, talk later” mentality is certainly a breath of fresh air into the space. As investors venture into the calendar year of trading, $GOLDEN holders have more than good reason to be optimistic about their investments.

Disclaimer: This article is sponsored content and is not financial advice. CryptoNewsZ does not endorse or guarantee the accuracy of the content. Readers should verify information independently and exercise caution when dealing with any mentioned company. Investing in cryptocurrencies is risky, and seeking advice from a qualified professional is recommended.

Mark Peterson

Mark Peterson has been following the crypto market for the past seven years. As a crypto news journalist, he has recently joined our team. He regularly delivers the most recent happenings of the crypto space. He enjoys writing poems and exploring various crypto trading platforms in his spare time.

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