Dogecoin DOGE/USD knockoff Nano Dogecoin INDC/USD was listed by CoinMarketCap among its “Biggest Gainers” with over 9000% in gains at one point on Tuesday.
What Happened: INDC traded 100% lower at 0.000000053 over 24 hours at press time. For the week, the Dogecoin-look alike has shot up 6863.93%, as per CMC data.
See Also: How To Buy Dogecoin (DOGE)
In comparison, DOGE traded 0.54% lower at $0.21 over 24 hours and over the last seven days, it has fallen 13.35%.
Nano DogeCoin noted on Twitter that their project was the “number 1 top gainer” in the past 24 hours on CoinMarketCap.
@NanoDogecoinBSC is the number 1 top gainer in the last 24 hours on @CoinMarketCap
— NanoDogeCoin (@NanoDogecoinBSC) September 21, 2021
We continue to pump and we have just announced that our buybacks will be this Thursday between 2-5pm UTC
The FOMO is real 👀#NanoDogeCoin #CoinMarketCap #gainer #pump #milliondollars pic.twitter.com/6ePlb0LgOq
It is important to note that CMC tracks only the BitMart marketplace with a volume of $327,669. The coin is also available for trade on PanCakeSwap CAKE/USD.
Why It Matters: The gains in INDC take place amid what the project described as a “Huge Buyback Pump.” The project said it would be implementing buybacks up to $1 million dollars.
Huge buybacks are coming @NanoDogecoinBSC will be implementing buybacks of up to 1 million dollars
— NanoDogeCoin (@NanoDogecoinBSC) September 19, 2021
Our chart is ready for a parabolic pump and we can’t wait to change the lives of all our holders #NanoDogecoin #BuyBack #Pump #passiveincome #BSCGem #Crypto pic.twitter.com/13uxRTuDXn
At the same time, INDC is migrating from an old contract to a new one on the Binance Smart Chain.
Nano Dogecoin said in a migration-related FAQ that they cannot disclose the exact market cap during the process to prevent “any kind of malicious sniping/trades based on price differences.”
Notably, holders of INDC can gain Tether USDT/USD for simply holding the coin as passive income. Earning is also possible through staking and referrals.
The project’s Telegram community now has 38,333 members.
Recently, Dogecoin-knockoffs have been on a tear even though the primary Shiba Inu-themed cryptocurrency has been subdued.
Read Next: Dogecoin Creator Warns 'Being Your Own Bank' Comes With Its Own Set Of Risks For Crypto Users
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
