CumRocket (CUMMIES), a less-known cryptocurrency managed to hold its increase in market value. In fact, the price surges by an astounding 634% in a single day. CoinMarketCap reports its current market capitalization to surpass a $140MM milestone.
The somewhat uncensored-like project stands to provide an NFT (Non-Fungible Tokens) marketplace. And the platform exclusively targets the transaction system to involve adult or 18+ content.
However, it aims at releasing the NFT marketplace in the 2nd quarter of 2021.
Twitter-based crypto analysts are trying to determine the possible rise of such an ‘unorthodox’ coin. Even Mr. Whale, a prominent crypto analyst, talked on the issue. Many suggested the ongoing ‘euphoria/extreme mania’ market stage.
“Market cycle determines euphoria to drive CumRocket’s rise” (Source – Mr. Whale)
It depicts an uncertain market condition for the investors to neglect the fundamental rules. Investors literally buy anything without considering twice about the investment.
It occurred when the crypto market lost over $260BN under 24 hours in the stock. Almost every major cryptocurrency token experienced a noteworthy downward slide.
Bitcoin fell under its highly significant $50,000 threshold mark since March 8. Dogecoin, Ethereum, Litecoin also suffered to a great extent on the immediate crash. But CumRocket starts to get attention with the irregular increase in valuation.
The platform itself considers the crypto to possess more than just a simple ‘meme coin’. In this case, the creators get paid in cryptocurrency to tip in the CUMMIES token.
Everyone has to pay a 5% tax on individual token selling sessions. Its 2.5% gets burnt automatically to deliver the remaining 2.5% to CUMMIES shareholders.
The project whitepaper concerns many exciting points for anyone to consider its use.
Crypto payments for adult content can maintain absolute anonymity with the platform. It’s one difficult task for many popular platforms to fail to offer the clients. The platform also hopes to collaborate the billion-dollar adult industry with blockchain technology.
The future remains completely vague for the crypto market, following the chaos. It seems a challenge for CUMMIES to hold the surging for the coming weeks.