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Quiztok, the chatbot token offering quick content material on totally different messengers, skyrocketed by 200% up to now 24 hours, sparking curiosity in regards to the driving pressure behind its spectacular surge.
Amid the crypto winter, Quiztok’s token has plummeted to new lows, buying and selling 91% under its all-time excessive, based on CoinMarketCap knowledge.
Quiztok’s Mysterious 200% Improve
The chatbot token traded round $0.003 at 5:00 am EST, displaying a slight upward motion. At 10:00 pm EST, it surged parabolically, surpassing $0.005 after which transferring sideways.
Quiztok’s market cap has skyrocketed by 29%, reaching $32 million, alongside a outstanding 62% enhance in buying and selling quantity, at present standing at $5.05 million.
Cause Behind Surge is Unclear
The current buzz round Quiztok has piqued the group’s curiosity, however the actual purpose behind it stays unclear. Quiztok’s newest tweet supplied solely a refined trace in regards to the Q Spot giveaway held final month.
The next tweet reads, “Rise up to 50,000 factors at Q Spot with your mates. Obtain the Quiztok App.”
⚡️퀴즈톡 Q-SPOT 기능 업데이트!친구와 함께 큐스팟에서 최대 5만 포인트를 받아 가세요!
👇퀴즈톡APP 다운로드 받기https://t.co/5gUSUF1MaZ pic.twitter.com/mbsPdydVEw
— 퀴즈톡 (@quiztokkr) June 7, 2023
Established in Korea again in 2017, Quiztok is a blockchain-based quiz-mining platform. Stoic.ai describes Quiztok as a knowledge-sharing platform that gathers data from the net and presents it in a quiz format.
Quiztok’s native cryptocurrency, QTCON, at present holds the 512th place in market capitalization and has proven average efficiency on the value chart.
Quiztok Value Historical past and Evaluation
Launched in 2017, Quiztok (QTCON) initially peaked above $0.15, attaining its all-time excessive. Throughout Bitcoin’s bull rally in 2021, QTCON entered one other bullish zone, surging to round $0.12 earlier than experiencing a major correction and hitting all-time lows.
All through 2022, QTCON’s efficiency was bearish, displaying every day buying and selling volumes barely exceeding $100k. As 2023 started, the token’s worth chart displayed a constant pattern, with QTCON consolidating across the $0.001 stage.
Gate.io’s buying and selling chart signifies the token is within the overbought zone with a optimistic MACD, signaling a optimistic sentiment surrounding the asset.
Regardless of the current suspicious surge, the group stays unconcerned, with no discussions about this asset on Coinmarketcap or any mentions on Twitter.
Indications recommend that improvement may be underway on the blockchain, accessible to solely a restricted group of people.
As a consequence of its oversold standing, the token is predicted to say no in worth within the coming days and even hours.
Quiztok Different – BTC20
BTC20 is a Bitcoin clone constructed on the Ethereum blockchain, adopting the identical tokenomics and following Bitcoin’s path.
The stake-to-earn mechanism presents buyers an environmentally pleasant different to Bitcoin, as block-based rewards are tied to staking somewhat than mining.
The current presale of BTC20 tokens presents 6.05 million tokens at $1 every, out of a complete of 21 million tokens. The remaining tokens shall be stored in a liquidity lock and distributed as APY rewards to stakers upon block execution.
Specialists foresee the token as the subsequent main cryptocurrency of 2023 because of its progressive method to enhancing Bitcoin’s environmental sustainability.
Over $2.4 million has been raised within the first part of the presale. With the gentle cap being $3 million, BTC20 will possible hit cross the primary part inside the subsequent couple of days. events can go to btc20.com to take part.
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