

Duck vs. Bear: RichQuack Social Activity Battles General Crypto Downturn

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The RichQuack community crushed it on social media in the past month, but the price of $QUACK wasn't spared from the September blues.
RichQuack Has the Most ‘Street Cred’
Hyper-deflationary BNB Chain memecoin RichQuack ($QUACK) spent most of the last month ranked as the number one meme token by social score, according to data from LunarCrush.
Facing strong headwinds in the bear market, however, the price of $QUACK has been trending in the opposite direction.
According to data from The Gem Hunters, RichQuack closed the quarter as the memecoin with the highest daily social score. That put it ahead of larger-cap tokens such as Shiba Inu ($SHIB), DogeCoin ($DOGE), and Floki ($FLOKI).
According to CoinVote, as of Sept. 30, $QUACK was number one on BNB Chain for daily social contributors (with 2,300), ahead of BabyDogeCoin (590) and FLOKI (508).
TOP #MEMECOINS BY HIGHEST SOCIAL CONTRIBUTION🚀
— Coinvote (@CoinvoteCC) September 30, 2022
🥇 $QUACK @RichQuack
🥈 #BABYDOGE @BabyDogeCoin
🥉 $SFM @safemoon$FLOKI @RealFlokiInu$CATE @catecoin$VINU @VitaInuCoin$KIBA @KibaInuWorld$PULI @Puli_Token$MARVIN @Marvin_Inu$YOOSHI @yooshi_official#BSC #BNB #Coinvote💎 pic.twitter.com/YqZ9NSOGBm
Price Continues to Slide
Generally, there is a correlation between a crypto asset’s social activity and its price, with growth in social corresponding to a rally in price. However that hasn’t held true for RichQuack in the past month.
According to data from CoinMarketCap, on Sept. 1 $QUACK traded at $8.97E-10 and as of this writing had declined to $8.44E-10, a decline of 6%.
Much of that could be attributed to the bearish crypto market, with prices falling in September generally for meme and non-meme tokens alike:
- Dogecoin - down 3%
- Shiba Inu - down 9%
- Floki - down 22%
- Bitcoin - down 2%
- Ethereum - down 13%
What Is RichQuack:
RichQuack is a community-driven project which was founded to give the best returns for the community effort of its investors. The platform's utility includes a decentralized multi-chain launchpad, raffles, and lotteries for holders of the QUACK token.
The platform's QUACK token is hyper-deflationary and rewards long-term holders with a portion of the transaction tax and early access to IDOs.
Where to find RichQuack:
Website | Twitter | Telegram | Discord
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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Related News


Ether Futures ETFs Hit the Market: ProShares, VanEck, and More Offer Options

This marks the first-ever ETFs based on ether futures, following the introduction of the first bitcoin futures ETF two years ago.
Summary
- A range of exchange-traded funds (ETFs) targeting the performance of ether futures have been launched.
- These offerings mark the first-ever ETFs based on ether futures, coming almost two years after the introduction of the first bitcoin futures ETF.
In a significant development for the crypto industry, a range of exchange-traded funds (ETFs) targeting the performance of ether futures have been launched. These offerings mark the first-ever ETFs based on ether futures, coming almost two years after the introduction of the first bitcoin futures ETF.
Renowned for launching the first U.S. bitcoin futures ETF, ProShares leads the charge with the launch of the ProShares Ether Strategy ETF, along with two additional offerings that provide a blend of exposure to both bitcoin and ether. ProShares’ CEO, Michael L. Sapir, expressed optimism about the appeal of these crypto-linked ETFs to investors, stating, "We think that many investors who are interested in cryptocurrencies but are concerned about custody risks, or who are challenged by the learning curve and complexities required to buy them directly, will be attracted to our crypto-linked ETFs."
Bitwise also joined the fray with two ether futures ETFs: the Bitwise Ethereum Strategy ETF and the Bitwise Bitcoin and Ether Equal Weight Strategy ETF.
VanEck, a prominent asset manager, has also entered the arena with the VanEck Ethereum Strategy ETF. This ETF is designed to target capital appreciation by investing in ether futures contracts, providing investors with an alternative path to participate in the robust futures market centered around Ethereum.
Additionally, the VanEck Ethereum Strategy ETF has also entered the market, “designed to seek capital appreciation” through ether futures contracts. As highlighted by Kyle DaCruz, Director of Digital Asset Product at VanEck, these offerings provide a means for investors to tap into the robust futures market surrounding Ethereum.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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