Recently, the new fan-favorite meme coin is finally showing signs of its first consolidation since its incredible past couple of weeks.
Golden Inu rose by over 157% since its PancakeSwap listing, going from $0.000000000002126 to $0.000000000005469. The currency’s market capitalization also grew nearly threefold, going from $100,000 to $276,000 in that same time span.
After some of the strongest upwards trends seen in the 2023 market so far, $GOLDEN appears to have consolidated at the $0.0¹¹5469 margin.
The team behind the cryptocurrency celebrated breaking several milestones on the project’s roadmap, including breaking through the $250,000 market cap margin. The next goal is to break through the $500,000 market cap.
What’s Next For Golden Inu?
If the new “Shiba Inu Killer” continues to display growth similar to the past week, $GOLDEN will most likely become one of the most lucrative investments in altcoins for 2023.
The team behind the project is still looking to launch several new features this year. Including exclusive “Golden Warriors” NFTs, a bazaar looking to generate capital for the company, and also a DeWork platform where users can offer and find jobs related to the crypto space.
Price Consolidation Could Be Another Opportunity To Jump In
The recent consolidation of Golden Inu presents an opportunity for investors who missed out on the coin’s initial surge to jump in before another rush happens.
Consolidation occurs when the price of an asset stabilizes after a significant increase or decrease. In the case of Golden Inu, the cryptocurrency’s consolidation at the $0.000000000005469 margin suggests a strong support level, which is a positive indicator for bullish investors.