Arslan Butt
During the early Asian session, RichQuack price plunged over 11% to trade at $0.0000000021. RichQuack (QUACK) briefly overtook Dogecoin and Shiba Inu as the third-largest memecoin by market capitalization. However, profit-taking dropped it to fifth, trailing BABYDOGE and Dogelon Mars (ELON).
The RichQuack group is very active on social media, but it’s unclear what caused the sudden surge. The QUACK community frequently outperforms other memecoin initiatives in terms of social media engagement and impressions. The network had 12.85 million more social interactions than Baby Doge (3.54 million).
TOP 10 MEME TOKENS BY SOCIAL SCORE
18.10.20221️⃣ $QUACK
2️⃣ $DOGE
3️⃣ $SHIB
4️⃣ $HODL
5️⃣ #BABYDOGE
6️⃣ $FLOKI
7️⃣ $COLLIE
8️⃣ $PULI
9️⃣ $TSUKA
$MONSTA pic.twitter.com/SRutVAiY56— The Gem Hunters.™ (@TheGemHunters) October 18, 2022
However, RichQuack has been consistently at the top in recent weeks, which may have contributed to the coin’s significant surge.
The current social media momentum of the coin aided its growth. However, QUACK is no longer on the top meme coin list, indicating that it is in a worse state than before, causing the QUACK/USD to fall.
RichQuack Price Gains as NOWPayments Now Support QUACK
Businesses can use NOWPayments to accept Bitcoin and other cryptocurrencies on their websites. It is a cryptocurrency payment gateway that allows businesses to accept payments in over 75 different cryptocurrencies. It also supports automatic coin conversion, allowing merchants to accept any cryptocurrency they want regardless of the coin they charge.
RichQuack’s official Twitter account announced on October 18 that NOWPayments now supports QUACK. The Hyper Deflationary QUACK can be used for a variety of purposes, including payouts, donations, and payments.
We are now supported by @NOWPayments_io:
The Hyper Deflationary #QUACK is available for:
✔️Payments
✔️Donations
✔️Payouts
✔️& moreMost Online store can now accept $QUACK as payment:
Shopify, Woo Commerce, OpenCart, ECWID, WHMCS, Magento & many morehttps://t.co/zcoirGqS7b pic.twitter.com/BtVj0ddtHl
— RichQuack (@RichQuack) October 18, 2022
According to the post, several online businesses may now accept QUACK as payment. Magento, WHMCS, ECWID, OpenCart, Shopify, Woo Commerce, and many other online stores are among them. The announcement benefits the QUACK/USD, possibly increasing or slowing its decline.
QUACK Burning Mechanism and Developments
RichQuack is a hyper-deflationary meme currency with a massive 100 quadrillion supply. Because of the efficient burn process, the supply has been reduced to 46,775,855,335,611,000. It has already taken 53.5% of all coins out of circulation. Although it’s a large sum, it’s steadily decreasing. The decrease indicates that the total supply of QUACK has dropped to approximately 45 quadrillions.
15,180,297,518 (~$31) $QUACK tokens burned from the total supply in the past hour. #QUACK #RichQUACK #QUACKArmy
— Burn Rich Quack (@BurnQuack) October 19, 2022
The method burn mechanism charges 12% on each transaction, but holders receive the reward. Each transaction pays 4% to holders, 4% to the QUACK/BNB liquidity pool, 2% to wallets for pumping and burning, and 2% to wallets for marketing and developers.
The creators of RichQuack have added features to make it appealing to speculative investors. They included an anti-whale that prevents any wallet from holding more than 1% of the $QUACK supply.
In addition, the team plans to include play-to-earn games and experiment with the Metaverse in the future, as well as a launchpad and incubator. Because of all of these recent developments, QUACK/USD may rise in the coming days.
RichQuack Price Prediction
RichQuack is trading near $0.0000000017, with a current ranking at #241, and a live market cap of $105 million. QUACK has a maximum supply of 100,000,000,000,000,000 (100 quadrillion) coins.
Despite improved fundamentals, QUACK is on a bearish streak, having fallen below the 50-day moving average, which was providing immediate support at $0.0000000021. This level is currently acting as a resistance and may keep QUACK bearish.
QUACK Price Chart – Source: Tradingview
On the downside, QUACK’s immediate support remains at $0.0000000016, and a break below this can push the price even lower to $0.0000000010. The RSI and MACD are still in a buying zone, but the bearish candlesticks indicate a slight downward trend.
Investors are likely to keep an eye on $0.0000000016 because QUACK can experience a bullish bounce-off above this level.
Time to Buy Tamadoge Instead
Since QUACK is on a downtrend, there’s another meme coin which has strong upside potential. I’m taking about Tamadoge. TAMA is a cryptocurrency initiative in the Metaverse that allows users to buy Tamadoge (TAMA) pets. Because they were created as non-fungible tokens thanks to smart-contract technology, these virtual pets are one-of-a-kind creatures with distinct characteristics that can be traded (NFTs).
Tamadoge (TAMA), a trendy NFT project, has received much attention since its NFT collections’ release. Although the ultra-rare NFT collection released on October 6 quickly sold out, making it the best NFT drop in 2022, investors now have another opportunity to get some Tamadoge NFTs thanks to the release of the rare Tamadoge pet collection on October 18.
All About #Tamadoge Rare NFTs – Update!
No. of NFTs: 1000 Rare NFTs
Start time: 15:00 UTC
Sale format: Dutch Auction on @Opensea
Starting price: 1 ETH below Ultra Rare floor price (5 ETH)
Reserve price: 0.5 ETH
Auction length: 48 hours ‼️Don't Miss Out! pic.twitter.com/bZPd9OyMTI
— TAMADOGE (@Tamadogecoin) October 17, 2022
Tamadoge’s subsequent performance has disappointed its investors, despite a promising start. Tamadoge is currently trading at $0.0303 with a 24-hour trading volume of $3.2 million. TAMA has dropped below 8% in the last 24 hours. Tamadoge is currently ranked #2710 on the market, with a market capitalization of not available.
Given the current developments and available NFTs, we may see an increase in TAMA price.
Related news:
- RichQuack Price is up Another 30% – Take a Look at Tamadoge Too
- Meme Coin Tamadoge Ultra Rares Next NFTs For Price Explosion – Where to Buy
- Why This is the Perfect Meme Coin Game for Web3 Adoption
Tamadoge - The Play to Earn Dogecoin
- '10x - 50x Potential' - CNBC Report
- Deflationary, Low Supply - 2 Billion
- Listed on OKX, Bitmart, LBank, MEXC, Uniswap
- Move to Earn, Metaverse Integration on Roadmap
- NFT Doge Pets - Potential for Mass Adoption
This article was written for Business 2 Community by Arslan Butt.
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