Paw Pumps 47% on DEXTools – Yet Another Scam, Or A Potential Pepe Coin?

On Oct 1, 2023

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Paw (PAW) token pumped 47% on DEXTools on September 30 and it’s up almost 147,000% in ten days from the floor price to the current value of $0.000000001937.

As enticing as the surge is, investors must always trade with caution and conduct their own research before investing. Notwithstanding that, the remarkable surge by Paw price gives off some Pepe Coin (PEPE) vibes, which exploded 125% upon listing on debuting on Binance Exchange.

Paw Token Price Forecast

On the four-hour timeframe, Paw price chart shows that while the token remains on an uptrend, profit taking has begun, with the token losing around 6% in the last 24 hours. The technical this is indicated by the fading histogram bars of the Moving Average Convergence Divergence (MACD). Similarly, the histograms of the Awesome Oscillator (AO) are flashing red, showing the presence of sellers or bears in the market. This threatens the upside potential for PAW.

Cognizant that it is a weekend, retail traders are in the back seat as large investors take the lead. As such, volatility is expected, with low volume of trades making the market highly volatile. It is also impossible to ignore the fact that pump and dump schemes have been on the rise of late, particularly for new projects. This underscores the need for extra caution.

TradingView: PAW/USD 4-hour chart

On the other hand, the 9-day Moving Average (MA) continues to provide support for Paw price at $0.000000001688. The associated smoothed MA also adds an additional layer of support for PAW at $0.000000001412. This position is bolstered by the Parabolic SAR, which continues to track the price action from below. This shows that Paw remains bullish, with the potential for more gains.

Increased buying pressure above current levels could see Paw price overcome the immediate barrier at $0.000000002059. Also, while the profit-taking begins, the bullish outlook would only be invalidated once PAW breaks and closes below the 0.0000000003902 level. This is the last lower high that kick-started the uptrend after a period of consolidation in the 4-hour timeframe.

PAW Alternative

Another project that’s outperforming is MK, the ticker for the Meme Kombat ecosystem, a gaming platform designed for gaming enthusiasts.

🔥 Introducing $MK | @Meme_Kombat
Meme Kombat is an innovative new gaming platform designed for gaming enthusiasts. #GameFi sector is growing, so it is worth checking 💯
Devs are doxxed on website, presale is ongoing and they already raised $100K+
Lets see how it goes.
TG -… pic.twitter.com/rApnGbeDX0
— Crypto General 🦄 (@DaCryptoGeneral) September 28, 2023

As its website says, “Meme Kombat is an innovative new gaming platform designed for gaming enthusiasts. From active betting to passive staking, there are rewards for all users.“

The project was recently endorsed by Crypto Tony, a user of social media platform X, known for insightful trading and investing strategies in the crypto playing field.

New presale i am bring some awareness too .. Legends at @Meme_Kombat who are an innovative new gaming platform designed for hardcore gamers.
– Doxxed team ✅
– $100,000 raised already ✅
– Passive staking ✅
– AD / NFA / DYOR ✅
– Presale link : https://t.co/TWAEnq5WG0
– TG :… pic.twitter.com/r6xtdbBmeX
— Crypto Tony (@CryptoTony__) September 28, 2023

The project is still in the presale stage, with a single MK selling for $1.667. Thus far, presale collections have already reached $163,780, steadily edging toward the $1 million target. Buy MK tokens with Ethereum (ETH) or Tether (USDT).

The project offers investors or community members (MK holders) many opportunities for income earning. Once you buy MK, you do not need to shelve the token in anticipation for a value surge upon listing. Use it to grow your income by staking, with Annual Percentage Yields (APY) as high as 112%. Taking another quote from the website:

Do not wait for battles, begin earning APY on $MK tokens today by buying the presale.

The Meme Kombat ecosystem offers players a chance to buy and stake MK, betting on exciting meme battles, with the goal of winning more tokens, among other prizes. More interestingly, you get the chance to choose your winner, either on metrics of winning odds, or simple favouritism.

Who is ready to see some Kombat? Is there an obvious winner between @wojakcoineth and @pepe2coineth ? pic.twitter.com/6SJ6fQGN0W
— Meme Kombat (@Meme_Kombat) September 28, 2023

Meanwhile, YouTube analyst Jacob Bury joins experts who have predicted high returns for MK. He has provided a very insightful overview of the Meme Kombat project. Bury anticipates 10X growth potential for early investors in the Meme Kombat project.