The recent price surge of BAKAC Coin has attracted the attention of early investors who saw the opportunity to capitalize on its rapid price increase. Just within 14 days of being listed on PancakeSwap, BAKAC Coin reached its all-time high (ATH) at 0.00000000169 USD, opening up attractive profit-taking opportunities for early investors. This article will delve into the significant price surge of BAKAC Coin from its Token Generation Event (TGE) to ATH and examine the decisions investors made when taking profits.
The Price Journey of BAKAC:
At the time of TGE, the initial price of BAKAC Coin was only 0.00000000000181115 USD. Within just 14 days after being listed on PancakeSwap, its price surged to 0.00000000169 USD. This remarkable increase helped BAKAC Coin achieve a nearly 933-fold increase from its initial price, an impressive feat in the world of MEME coins.
Profits Realized by Early Investors:
With such a impressive price surge, early investors realized the potential for significant profits. As the price reached its ATH at 0.00000000169 USD, many investors decided to take profits by selling their BAKAC holdings. Following this decision, the price of BAKAC Coin corrected to 0.00000000093 USD, approximately a 45.6% decrease from its ATH.
Calculating Profit for an Early Investor:
Let’s assume an early investor bought 1000 USD worth of BAKAC Coin at the time of TGE. When the price reached its ATH at 0.00000000169 USD, the amount of coins owned by this investor had increased significantly. To calculate the profit, we can follow these steps:
1. Calculate the quantity of tokens purchased at TGE:
1000 USD / 0.00000000000181115 USD = 552,777,573,272.73 coins
2. Calculate the value of this quantity of tokens at ATH:
552,777,573,272.73 coins * 0.00000000169 USD = 0.000933 USD per coin
3. Calculate the total value at ATH:
552,777,573,272.73 coins * 0.00000000169 USD = 927,882.55 USD
The early investor would have had approximately 927,882.55 USD from an initial investment of 1000 USD, a remarkable profit of nearly 926,882.55 USD.
Regaining the Throne After 8 Hours:
However, only after 8 hours, BAKAC’s price surged again due to news of several famous partners in the Betting and Gambling industry, such as BC Bet and Luck GAMB, investing in BAKAC, as well as the Chinese community rallying behind BAKAC. This led to a new ATH at 0.00000000176 USD, and by July 21st, the ATH was 0.00000000187 USD. This additional price surge marked the triumphant rise of BAKAC Coin.
The significant price surge of BAKAC Coin provided attractive profit-taking opportunities for early investors. From TGE to ATH, this coin underwent an impressive price journey, offering lucrative profit possibilities for investors. However, some early investors who took profits early now feel regret as BAKAC continues to soar. The MEME coin market is ever-changing, and choosing the right moment to take profits requires careful consideration and in-depth market knowledge.