Brainiac Farm (BRAINS) Is Up in a Big Way Today. Is It About to Hit $1?
Brainiac Farm (BRAINS) is an Ethereum chain cryptocurrency that launched near the beginning of last month and has done incredibly well for itself. This crypto is up 1539.27% over the last 24 hours, which brings it up to $0.2387 (BRAINS/USD).
This digital asset is skyrocketing toward $0.50 and will likely push past $1 very soon. Just yesterday, Brainiac Farm was sitting at $0.01393. Between yesterday and today, this crypto shot up substantially, becoming the crypto with the most change over the last 24 hours.
The Likelihood of BRAINS Passing $1
We’re very optimistic about Brainiac Farm over the short term, and it is likely to move past a dollar in the next day or two. However, with its massive trade volume (17258.52% in 24 hours), we may see a lot of investors sell off their shares to make a quick profit rather than hold on to Brainiac Farm for longer. The price is still expected to go up substantially, but expect many investors to bail on this crypto in next few days as they attempt to pocket the profits they have already earned.
What we may see with this crypto is that it will continue to shoot up for the next few days but then plummet as investors pull out. It’s a kind of crypto that is definitely making waves over the short term but is a risky venture for long term investors. There is a strong possibility that BRAINS will burn out fast. It may not fall back down to today’s rates after the bullish run is over, but no crypto can keep up this kind of momentum for very long at all.
We have seen that kind of movement recently with Gaming Shiba (GAMINGSHIBA). This is another new and potentially risky crypto that shot up 83% over 24 hours two weeks ago and today is experiencing just a 13.22% increase over 24 hours. It is still shooting up, but the rate of growth is slowing down substantially from week to week.
We will probably see a similar trajectory for Brainiac Farm as it starts to get a little more attention and lose some of the more careful investors.
What Is Brainiac Farm?
The Brainiac Farm protocol uses staking and yield farming to entice users to its platform. Investors on the platform can earn tokens by staking BRAINS. The Brainiac Farm platform developers have a few methods for users to earn tokens, with new options being considered for the future. With the recent launch, they ensured the platform offered high yield farming with LP staking. It also offers an increase to annual percentage yield (APL) as the total value locked increases (TVL).
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