The Bitcoin price continues to stumble amid the ongoing uncertainty. Following in the footsteps, top altcoins display a similar price trend, resulting in a market-wide correction. However, an infant project less than 48 hours old has outperformed the entire crypto community with its impressive 4-digit price percentage rally!
While the altcoin has started to become the talk of the town, marketers are skeptical about the reference to this project. This project refers to two of the most influential politically-backed people in the United States of America.
Eric Trump or Elon Musk’s Fish? Market Enters FOMO!
The cryptocurrency market has entered into a Fear Of Missing Out (FOMO) situation as the new altcoin has started to gain the attention of the industry. Some speculate this altcoin’s relation with Eric Trump, son of Donald J Trump, President of the United States of America. The other half of the herd considers this to be Elon Musk’s cat-themed crypto project.
However, this is no official confirmation of this argument by any of the known personalities, making this a vague theory.
ERIC Coin Soars Approximately 7000% in 48 Hours!
In less than 48 hours of its launch, the price of Eric coin has skyrocketed 6,783%, resulting in it coming under the limelight of the cryptocurrency community. With a 24-hour trading volume of $22.64 million, this altcoin has a market valuation of $13.05 million.
Although CoinMarketCap has not verified the social links, branding, website, and authenticity, its security scan considers it safe, raising speculations on multiple points. Notably, this project has a liquidity of less than $500,000 when compared to its market cap of $13.05 million. This sums up to about only 3.8% of its valuation.
Considering the present market sentiments, it is still very early to consider this altcoin as an investment. Low-cap altcoins are prone to pump-and-dump schemes. Make sure to Do Your Own Research before investing in any digital asset. Moreover, The Crypto Times does not endorse this crypto project in any manner.
Also Read: Fartcoin Pumps More 12% As Whales Keep Buying; Can it Break $1 by Sunday?
