Meme coin mania triggers triple-digit gains from Binance Smart Chain-based altcoins

Meme coin mania triggers triple-digit gains from Binance Smart Chain-based altcoins

HOGE, ASS and TABOO are three Binance Smart Chain-based projects that have seen triple-digit rallies after traders rotation into meme coins.

This week’s surge in popular meme coins like Shiba Inu (SHIB) and Dogecoin (

Taboo Token

Taboo Token is an adult entertainment-themed NFT and streaming media project that specializes in exclusive content provided by the models who work with the platform.

While falling outside of the definition of a meme coin, Taboo Token is another low-priced project on BSC that has done serious numbers of the past few weeks.

Data from CoinGecko shows that after hitting a low of $0.0008 on Oct. 4, the price of TABOO surged 1,812% to a daily high of $0.0153 on Oct. 13 as its 24-hour trading volume spiked to a record-high $11.52 million.

TABOO/USD 1-hour chart. Source: CoinGecko

The increased action for TABOO came after OnlyFans announced that it would ban adult entertainment performances on the platform and Taboo presented itself as a working alternative. OnlyFans would later reverse the ban, but it appears that creators have realized the benefits of decentralized platforms.

Even with OnlyFans’ change of heart, TABOO has continued to see its price supported at the current levels and the developers behind the protocol are planning to build out its ecosystem and frequently tease upcoming developments, including the launch of a Taboo marketplace which will feature NFTs from industry majors and celebrities like Paris Hilton.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

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