Friday morning, BNB-Chain token Golden Inu [$Golden] saw a nice rally in value. Over a span of 6 hours the token’s value saw a +20% gain.
The reasons for this increase is likely the flood of crypto community support that’s been flooding social media. Since yesterday, users have been chatting about the upcoming $Golden Dashboard crypto app and sharing memes that encourage new interests.
Golden inu Liquid Cash Reserves Lead Crypto
The liquidity of the Golden Inu token is one of the highest, per market cap ratio, in the crypto community. There’s nearly a 34% cash reserve supporting the token’s stability. This is far greater than other tokens like Shiba Inu and Dogecoin which have 1% to 2% liquid cash reserves.
The current value of the $Golden token is US$0.000000000004907. Far from the all-time high of just 2 weeks ago, coming innovations could lead the Golden Inu token past the previous record.
New Crypto Apps
The Golden Dashboard is scheduled to release before April 15th. It will be the first step towards an even bigger crypto application called “Golden Bazaar.” Developers of the Golden Inu token say it will be their first step towards creating an ecommerce platform that’s a mix of Amazon & Shopify.
Crypto Whales Dine on Golden Inu Token
Launched on PancakeSwap less than 8 weeks ago, the $Golden token was one of the highest yielding investments in the crypto space for weeks. A price retraction occurred after early whale investors raked profits of nearly 700%.
Some of those whales returned to the token after ‘dumb money’ pulled out, lowering the token value. The re-investment usually indicates those whales believe a project has the proper fundamentals to increase in value again, regardless of retail traders actions.
Though listed on Coinbase’s coin index, Golden Inu Token is still only available via PancakeSwap. Traders must increase slippage to 7% to buy or sale; Also the reason the token’s liquidity pool is leading the industry.
