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A new meme cryptocurrency proposed by Buterin has grown by 150% in a day
Ethereum co-founder Vitaly Buterin jokingly suggested creating a new meme token called «The Protocol.»
Someone should make a project called «THE Protocol», so that their shills can say «Look, soandso mentioned THE!» pretty much any time anyone says anything.
— vitalik. eth (@VitalikButerin) October 14, 2022
The cryptocurrency community immediately reacted to the creation of the new token, with Holger, a cryptocurrency podcast host, tweeting: «I thought this nonsense would only work during a bull market.»
Something something how it started how it’s going…
I always thought bullshit only works in bull market $THE pic.twitter.com/zf7DpR0vj4
— Holger? (@rohmeo_de) October 20, 2022
The new cryptocurrency began to gain popularity quickly. Thus, in the first 24 hours, THE token grew by 150% and cost $ 0.03. Trading volumes for the first day amounted to $ 20.3 million. The token, which has a total supply of 1 billion THE, continues to grow, with a market capitalization of over $ 38 million. THE is also trending on Crypto.com and CoinMarketCap.
It should be added that Buterin’s main brainchild, ETH, has recently been predicted to grow to $ 11,727. 55 experts in the fintech and cryptocurrency industry have shared their predictions about the future of Ethereum. The value of the leading altcoin is expected to reach $ 1,377 by the end of 2022. As for the future, analysts predicted that by 2025, ethereum will grow to $ 5154, and by 2030 — $ 11,727.
Back in early October, in an interview for the Bankless Shows YouTube project, Vitalik Buterin shared his vision of the future of modern advanced technologies. According to the father of Ethereum, social networks can be created on the basis of the Ethereum blockchain in the future, which will not depend on political elites, will not have censorship and will become «universal». Buterin believes that the initiative for such implementations should come from enthusiasts, and the blockchain development team will provide all possible support.