Biatoken, another Solana-based meme coin, is 112.64% up today, with its market cap hitting 22 million dollars days after the launch. The token is inspired by Biaoqing, an Eastern viral meme character named the PEPE of China.
This article will analyze the current price movements and the market sentiment to build a long-term and short-term price forecast. Also, we will attach a buying guide for BIAO tokens.
What is Biaotoken?
Biaoqing, or simply Biao is one of the most successful memes in the East, especially the China. Based on this meme, a bunch of cryptocurrencies are active on the market. The most successful meme coin among them is the Solana-based BIAO, generated via Pump.fun, a platform that allows inexperienced users and non-developers to create their coins.
Biaocoin’s motto is to build a fun-filled web3 community that has cultural significance. Similar to the original Biaoqing meme, the community members participate in various activities, including creating certain facial expressions in Biaoqing Panda and posting them around.
Biaotoken regularly organizes various events to reach a larger audience. Currently, the platform is holding a competition on TikTok where the users should create videos on Biao. The top creators will be rewarded with $1500.
The BIAO Token: Tokenomics, On-Chain Data, & More
| Token Ticker | BIAO |
|---|---|
| Chain | Solana |
| Contract Address | 2ru87k7yAZnDRsnqVpgJYETFgqVApuBcwB2xDb19pump |
| Total Supply | 1 Billion BIAO |
| Circulating Supply | 999.99 Million BIAO |
| Market Cap | $22.64 Million |
| Hodlers | 7,575 |
The top 10 holders hold around 21.1% of the total supply. This is worrying because there are high chances for a whale to sell the holdings. There are around 25 crypto wallets that HODL more than 1% allocation of the coin. However, whether these are exchange-based wallets has not yet been verified. Also, tokenomics has not yet been revealed by the devs except for the info that many token-burning events will be conducted soon.
What’s Next for BIAO? Short-Term & Long-Term Price Prediction
Usually, the exposure of a meme coin depends upon its presence in social media and the strength of its community. The official X (Twitter) profile has 2.4K followers and the Telegram channel has around 1000 subscribers, which is underwhelming. Thanks to the viral meme, Biaocoin has already gained impressive attention from individual whales and institutional investors. Anyway, the question is whether the coin will be able to sustain the uptrend.
Biaotoken needs much more community engagement to stay in the market for the long run. However, the success doesn’t depend solely on the community engagement. When we look into the historical data of meme coins, a huge downfall always arrives after a huge surge. Dogecoin and Shiba Inu are the primary examples. It seems like success is driven largely by luck and ambiguous market conditions.
As a memecoin without many details, we cannot predict the movements of Biatoken for the long term. However, if you get the perfect entry and exit points, significant gains can be expected in the short term. As evident from the history, the uptrend will not stand for long. It will create a dip for you to invest in. Today’s price is $0.02176, which will probably decline to the support level of $0.016 shortly.
Where to Purchase BIAO?
Don’t be confused with the ETH-based BIAO. This one is SOL-based BIAO which can be swapped via major decentralized exchanges (DEX). Also, the coin will be listed on OKX and MEXC soon. The BIAO/SOL and BIAO/USDT pairs are available in Raydium.
Final Thoughts
The above vague price prediction stems from our realistic approach to Bitcoin. This is not an investment advice. If you plan to invest, do your own research. Go through the official website of Biatoken and engage with its X (Twitter) and Telegram communities to get a better understanding of the network.
Finally, once again, be conscious of the high volatility of the crypto market all the time. Highly praised coins have witnessed bloodshed and underwhelming coins have skyrocketed in this market. DYOR!
