Event:
The $TAP memecoin has experienced a dramatic rise, increasing 373% in value within 24 hours, with its market cap at $2.2 million. This increase has resulted in the attention of traders seeking short-term gains. It is crucial to know what is driving this pump and whether the growth will be sustainable.
Discussion of the pump:
Our analysts are confident that the most important cause of the spike was the overt initiatives of the $TAP team, which was soliciting new buyers with exchange listing notices and other promotional campaigns. These kinds of reports made waves, which translated into a high demand spike. Nevertheless, one should not forget that these kinds of spikes do not last and depend on further movements on the part of the developers.
The $TAP community:
The $TAP community remains average in engagement and insufficient in initiative toward token popularization. This is compared to other memecoins, where the community is involved in popularization. In this case, the team bears the main burden. This could be a potential weak point in the future.
Future analytics:
If the team continues aggressive marketing and organizes new listings, the price of $TAP may maintain its positions. However, the risk of correction is high, since without community support, interest in the token may quickly fade. Traders and holders should take into account that the current growth also depends on the relevance of the token, which may end very soon.
Conclusion:
$TAP is actually an interesting memecoin that has registered impressive growth, but the utility is bound to decrease because there's bad community interaction. The investors need to keep on their toes and watch out for the team's next steps. For more information on the token, you can check out its contract - 766ivvadp4arnHKQ13RB3cD7PyvRDL42N2j7RCoMpump
We monitor what is going on with $TAP.
This article is not financial advice!
