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Newly-launched meme coin, Mr. Burns ($BURNS) has entered the final phase of its token presale.
Built on Ethereum, Mr. Burns aims to lure degen investors with its engaging lore and deflationary posture.
At press time, not less than 200k $BURNS tokens have been sold. While not as fast-paced as other crypto ICOs, Mr. Burns has at least enjoyed considerable interest due to the hype of being a meme coin.
But how viable is this token in the longer term? This article takes a closer look at the fundamentals of the project to forecast its future price.
What Is Mr. Burns ($BURNS) Token?
Mr. Burns describes itself as the “most scarce and deflationary meme coin of all time.” At its core, it has a lore that tells the tale of a wealthy character known as Mr. Burns in the sleepy town of Springfield.
However, after some time, Mr. Burns realized that his wealth started dwindling due to inflation. In an attempt to put a lasting end to the problem, Mr. Burns collaborated with his friend and loyal assistant Smithers to create a currency that can combat inflation, known as BURNS.
This engaging mascot illustrates the deflationary attribute of Mr. Burns (BURNS). The project plans to burn 3% BURNS on every transaction to increase scarcity and drive its value.
BURNS has a total supply of 660,000 coins out of which 80% representing 528,000 has been dedicated to its presale. The remaining 20% is shared equally between CEX and DEX.
Once the token ICO is over, Mr. Burns will burn the unsold presale tokens to strengthen the post-launch performance of the token. Finally, the project has a clear-cut roadmap that indicates its intention to secure listing on top exchanges.
Mr. Burns (BURNS) Presale Analysis & Price Prediction
Mr.Burns landed on ICO in May, 2024. The project adopts a 3-stage presale structure, with each stage lasting for three weeks. At the time of writing, Mr. Burns (BURNS) has started the third stage of the presale, selling for $2.32.
If the information on its website is anything to go by, BURNS will make its IEO debut on August 18, with $4.64 as its launch price.
That being said, considering its current status as a presale crypto, it is not possible to use technical indicators to analyze its price movements. However, its overall outlook offers enough insights that can help gauge its future potential.
The Mr. Burns project was initiated with the intention of being nothing more than just a normal meme coin. There is no defined utility or any significant motive for the project mentioned anywhere on its website or its social media pages.
Although most meme coins that have seen parabolic gains in the past boast no utility, their potential for long-term growth may be somewhat limited. This is because the current market scenario necessitates that emerging projects come up with one or two use cases to consistently rise in value.
However, since Mr. Burns lacks this attribute, its aesthetics as a meme coin and deflationary concept may be the only factors influencing its performance on the price charts.
While the sentiment in the broader crypto market is also expected to play a huge role, there’s no assurance that even the next bull run will trigger substantial growth in the price of $BURNS, as there are many new utility-based tokens competing for market share.
Therefore, unless the project introduces some utility-driven features that can keep the investing community interested in its ecosystem, it might struggle to maintain its relevance and probably settle below the $5 level at the end of the year.
As such, investors might be better off going for a better and more affordable presale investment option like Pepe Unchained ($PEPU) with potential for dramatic growth in the coming months.
Mr Burns Presale Alternatives
Pepe Unchained ($PEPU) stands out a similar project that’s focused on redefining the narrative in the meme coin sector. While drawing direct inspiration from Pepe, Pepe Unchained has taken a step further by offering a layer-2 functionality that can process transactions 100x faster than Ethereum.
At the backdrop of Pepe Unchained’s lore is an interesting storyline that clearly underscores its mission to eliminate scalability and efficiency challenges that often afflict meme coins, especially the ones based on layer-1 chains. In the narrative, Pepe is presented as a prisoner in a clunky layer-1 server room.
However, he was able to devise a master plan to break his old chains and embrace the future by developing a better one, known as Pepe Unchained. Through its native layer-2 chain, Pepe Unchained improves the trading experience of traders, allowing them to capitalize on potential market opportunities in no time.
Unlike Mr.Burn, Pepe Unchained has a real-world use case that can position it for market success. More so, it offers a staking mechanism for early buyers to put their purchased $PEPU to best use and maximize their gains. At press time, not less than 417 million $PEPU has been staked. Nonetheless, those who buy and stake the token right now will savor its three-digit APY rewards.
Given its groundbreaking layer-2 use case and lucrative staking facility, Pepe Unchained may be up for an explosive start as soon as it opens for trading. In recent weeks, top crypto experts including Jacob Bury have named $PEPU as one of the top 5 cryptos to buy now.
While describing the token as the next Pepe, Jacob Bury says Pepe Unchained has all it takes to yield 10x gains upon launch.
For those interested in gaining early entry into this project, visit its official website to join its ongoing presale. Priced at $0.008596, $PEPU presents itself as a cheaper alternative to $BURNS that’s currently selling for $2.32.
Also, despite being a cheaper presale option, $PEPU still has a more promising future than $BURNS. Hence, it is no surprise that it has quickly gained traction, raising close to $5 million from early birds. Investors can buy their $PEPU tokens with ETH, USDT, BNB, and credit/debit cards.
To stay updated about its future listings, follow Pepe Unchained on X or join its Telegram channel.
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