Bishop Token Is Up 25x on DEXTools as New Bitcoin ETF Project Goes Viral – What Does it Do?
As DEX markets remained supercharged following the Uptober rally, Bishop token (BISHOP) has undertaken a sensational 25x moon-shot rally, following a stealth launch on November 7, but could this new Bitcoin ETF project be a better alternative?
Recent weeks have seen a huge trend in explosive DEX-launched tokens, with countless moon-shots garnering significant attention, including the ever-popular APX, SAMBO Bot, Baby Meme, REFUND, XDOGE and IO.
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0xa01bC17D6C787326d56F68ADd3e66663Dbc25010 pic.twitter.com/feckcB4h88
— Bishop (@BishopEthCoin) November 8, 2023
The Bishop token is a meme coin boasting an aggressive growth-focused roadmap, with the coin concept playing on the movement of price charts – which typically see diagonal movements – like a Bishop piece in chess.
As Bishop token price mounts a well-defended retracement move, BISHOP is currently trading at a market price of $0.61 (representing a 24-hour change of +2,112%).
This comes following a stunning launch at just 5pm on November 7, which saw BISHOP token magnetise instant market traction as price surged +3,500% in the opening 2-hours.
By 7pm, just two-hours into trading, price undertook a substantial -50% retracement move, with BISHOP bulls establishing a strong support zone between $0.45 and $0.50
Solid footing here saw price rocket up on a further 117%, bringing overall gains for early backers to an alluring +2,500% or 25x.
However, with substantial gains amassed, a serious retracement move was triggered at 11PM as delighted DEX traders took profit – sending price grinding down back to lower support at
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