Banana Gun Price Soars 28% In A Week After $8.6M Token Burn, And This Might Be The Next Crypto To Explode
The Banana Gun price dropped 4% in the last 24 hours despite surging 28% in a week to trade at $45.40 as of 03:57 a.m. EST on trading volume that climbed 8% to $128 million. This comes after the team burned 2% of the total supply, totaling about $8.6 million. The step reduces the supply, which then increases the demand for the asset. "How was your day honey?" – "Good, burnt $8.6M worth of $BANANA. 🍌🔥" 2% of total supply destroyed forever.https://t.co/uVVwWDanke pic.twitter.com/O4hZehHRWQ — Banana Gun 🍌🔫 (@BananaGunBot) August 13, 2024 Can the burn allow the BANANA price to soar? Banana Gun Price To Continue Soaring The Banana Gun price has surged in the last three days, forming an ascending triangle pattern. According to GeckoTerminal data, the BANANA price bulls struggle to push the price above the $48.56 resistance. BANANA price now trades well above both the 50-day and 200-day Simple Moving Averages (SM...