Useless Coin Outpaces OG Memecoins with 36% Rally

Useless Coin has surpassed other established memecoins in recent market activity. Over the past seven days, it added 5,000 new holders and surged by 36% to a high of $0.158.

The token's price has been steadily increasing since three days ago when social chatter about a potential airdrop sparked renewed interest. This led to a rally from $0.067 to its current level of $0.149.

Market cap and trading volume have also seen significant increases, with the former breaching the $100 million mark to reach $150 million, while trading volume fell 18% to $78 million.

According to Skmakeit, both whales and retail buyers are accumulating USELESS Coin, with a positive spot buy/sell delta for three consecutive days. The memecoin saw 115 million in buy volume on Kraken and Coinbase compared to 106 million in sell volume during this period.

The rising number of users is expanding the base and boosting demand for the token. Momentum indicators are also pointing to a continuation of the current trend, with the ADX and +DI rising while DI- declines. The Stochastic Momentum Index (SMI) has jumped to 67, further confirming this bullish trend.