Cryptocurrency experts name the digital token that grew by 507% per day

Note: not investment advice!

Against the backdrop of a general decline in the cryptocurrency market, where Bitcoin BTC $65,761.09 Bitcoin -0.11% Market capitalization $1.3 trillion VOL. 24 hours $0.6 billion dropped by 5% in just one day, one token has been particularly notable. We are talking about Black Agnus and its native token FTW, which has grown by 507% in the last 24 hours, and by another 183% in just one hour.

The significant growth of the virtual coin allowed FTW to rise to 75th place among all cryptocurrencies. This success was made possible by the recent listing on the CoinGecko and CoinMarketCap platforms, which significantly increased investor attention. The token combines elements of meme culture with decentralized financial instruments (DeFi), which makes it stand out among other joke crypto assets.

At the time of publication, FTW is trading for $ 0.9 953, and its capitalization is approximately $ 351 million. However, analysts are concerned that one active address owns almost 25% of the total number of tokens, which could lead to significant price fluctuations in the event of further sales.

Despite all the risks, the Black Agnus team notes that it plans to allocate 60% of the tokens for the initial sale, and this is in line with current digital sales models. However, investors should be careful, as the significant price increase may be temporary, and further corrections due to profit-taking are possible.

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