Cryptocurrency experts name the cryptocurrency that grew by more than 16,000% in three months

! Not financial advice — ed.

The analytical firm Santiment has announced that the HarryPotterObamaSonic10Inu (BITCOIN) meme cryptocurrency has achieved an impressive 16,400% growth in three months. At the same time, the asset’s market capitalization is $ 160 million.

Experts note that they are closely monitoring several indicators of the coin to predict «whether the wildly named and inherently risky cryptocurrency is ready to cool down.»

«The most productive meme-coin of recent months has not stopped growing. Despite numerous altcoins' corrections during this time, the price of HarryPotterObamaSonic10Inu added 182% in August alone. We also monitor the volume and growth of the network (growth is good) and the social dominance of the coin (where growth is bad),» Santiment says.

HarryPotterObamaSonic10Inu closed May at $ 0.95, and at the time of writing, it is trading at $ 0.157.

Santiment emphasized that the global crypto market leaves much to be desired. However, the company notes that with an increase in the number of unprofitable transactions, some blockchain projects may soon resume growth.

«Traders are showing more and more confidence in each asset, as markets have not found any reason to rally for a long time. Historically, such a high ratio of unprofitable transactions compared to any profit made increases the likelihood of a rebound,» the experts analyze.

As a reminder, crypto expert Kaleo predicted that the capitalization of the PEPE meme-coin would increase to $ 1 billion. However, before the explosive rise in price, the analyst predicts that PEPE may experience a rapid short-term decline.