Analysts have named a token whose value has increased by 580% in just a month

Editor’s note: not financial advice!

The Milady Meme Coin (LADYS) memtoken grew by more than 580% in a month and 320% in March alone, entering the top 15 largest memecryptocurrencies by market capitalization.

LADYS is currently ranked 257th in CoinGecko’s cryptocurrency ranking. The surge in value has moved the token into the price discovery phase. This means that past price action no longer dictates future resistance.

However, analysts use Fibonacci retracement levels from previous historical highs to the bottom to predict possible resistances. There is significant resistance at the key Fibonacci level of 1,272. LADYS can potentially rise another 86% before it encounters this resistance.

Last September, the co-founder of Remilia Corporation under the pseudonym Charlotte Fang reported that the developers of the Milady NFT ecosystem stole about $ 1 million and hacked the project’s social media accounts. According to Charlotte Fang, in addition to the theft, Milady, Remilia, and Remilio Baby accounts were compromised. The attackers managed to hack the accounts: miladymaker, remilionaire, and remiliacorp.

The value of the memecoin dropped significantly, and Lookonchain specialists noticed suspicious transactions with the LADYS cryptocurrency. 86 owners of Milady Meme Coin transferred 90 trillion tokens to several centralized crypto exchanges. The drop in the value of the digital asset occurred literally immediately after LADYS tokens were deposited on trading platforms.

No Worries strongly advises readers not to invest in dubious crypto projects and little-known digital assets!