Sect Bot (SECT) has gained by more than 50x in 24 hours after listing on Uniswap yesterday, with the token currently standing at a price of $0.1870 according to DEXTools.
Trading against Ethereum (ETH), SECT is the native token of the Sect Bot app, a tracking bot that investors can add to Telegram channels and groups in order to gamify trading.
Given that it has some actual utility, SECT may therefore distinguish itself from most other Uniswap listings and have some longevity as an asset.
Yet it isn’t the only new token in the market that has the potential to rally big in the coming weeks, with Bitcoin ETF Token (BTCETF) raising $3 million in its presale and creating the kind of momentum that could lead to some big exchange listings.
Listing on Uniswap on December 6, SECT reached a ‘record’ high of roughly $0.2621 on Thursday evening.
And while it has declined to $0.1881 since then, it has still risen 50x in 24 hours, with the coin seesawing between recovery and further losses.
While far too many listings on Uniswap this year have been obvious pumps-and-dumps, it seems that SECT has real staying power.
This is largely because it’s attached to a native platform that has been attracting modest levels of adoption, with the Sect Bot Twitter account revealing that it’s being used by just over 500 Telegram groups, accounting for around 350,000 users.
The adoption is exploding. Already over 500 groups and 350,000 members have access to our bot.
You can expect this number to increase drastically.
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