DEC 20, 2023
(Alpha) Weekly Altcoin Review: Pumpr ($PUMPR)
by Crypto Alpha
Crypto Alpha is dedicated to providing you with a weekly altcoin alpha, consistently delivering valuable insights and opportunities in the dynamic world of cryptocurrencies. Stay ahead of the curve with our expert analysis and recommendations, ensuring you have the knowledge and tools to make informed decisions in the ever-evolving crypto landscape.
PUMPR About to PUMP Our Bags!
Pumpr! is the first platform for token analytics, information, and upcoming launches for Solana’s blockchain.
Pumpr wants to serve as a powerhouse where project founders can announce their launch in detail. It allows founders to become verified pre-launch, token analytics, new pool information and tracking, and token launching service.
This feature not only makes the project unique but also ensures constant utilization from founders and users who are hoping to catch their next X100 gem.
Why $PUMPR is in our Spotlight?
The project developers have been very active making social interactions and engagement. Furthermore, they just announced on their Twitter feed several upcoming projects ready to launch on the platform. To qualify for the airdrop, participants are required to hold at least 10,000 $PUMPR tokens (you can read more on their token tier system here). Also, the developers announced that every 24 hours a new token launch will be announced. All these utilities can drive significant interest into this project to rally its price for asymmetric risk to reward, which can be up to 3X-5X or more.
How do we get the $PUMPR token?
Step by step to buying the token;
- Buy your preferred amount of $SOL from any CEX of your choice: such as Bybit, Binance, or Kucoin.
- Send the $SOL from your CEX wallet to your crypto wallet (Solflare, Phantom).
- Connect your crypto wallet to any DEX of your choice (listed above).
- Swap your $SOL to $PUMPR Tokens.
- Confirm the action from your wallet.
- That is it! Your $PUMPR Tokens should be in your wallet.
Now that we have covered the simple steps to bagging your PUMPR token, let us get into the chart.
Put some $PUMPR in our bags!!!
PUMPR 4H (FOUR-HOUR)
PUMPR 4HOUR CHART
This is a new project with not much chart history, therefore will be analyzed from the four-hour time frame. The $PUMPR tokens are seen sitting on a support level where it is currently trading at $0.02035 (as of the time of writing). There's another critical support level where the price may extend before shooting for the stars at $0.008602.
These are levels from which intending traders/investors or airdrop participants can get in for asymmetric risk to reward. In other to mitigate market volatility as we usually recommend the DCA strategy for entry will be advisable for traders who are scared or don’t have the know-how to use technical analysis to get into the market.
There are several take profit zones for this project, but our first take profit level will be at the 100% profit level from our point of entry which is at $0.0380. While our subsequent take profit level will be at $0.0420, $0.0550, and the ATH at $0.075.
Nonetheless, we can continue to hold for more as the project makes it available for us, after all, as there is no such thing as too much profit.
Remember to trade in your own best interest, only commit what you can afford to lose. May the market go with us!
We may make a review of this publication as the market evolves...
If you need a further breakdown, inquiry, or analysis on any particular coin, feel free to email us (email@example.com).
See you again soon. May the markets go with us!
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