ROOST is a new meme-based crypto project, with plans to be the next leading project in the Ethereum meme-coin ecosystem.
While the price is currently showing no progress towards that goal, ROOST is currently gaining popularity due to more and more Twitter Influencers mentioning it.
This was the result of the team behind ROOST, where they gave a new goal, which is to beat some tokens on the Base Ecosystem, one of which is DEGEN, the leader of the Base-Ethereum Ecosystem.
ROOST Popularity Increases
ROOST is another meme coin on the Ethereum Ecosystem through Base, however, it has been gaining popularity recently due to its new goal to take things slower.
The goal is currently to overcome each layer two blockchain’s competitor, with the current focus being on the Base Blockchain.
The popularity started rising after ROOST decided to utilize the trend of “Andrew Tate” a world-renowned influencer and businessman.
The team behind ROOST decided to draw all sorts of animation that attach itself to the ecosystem of Andrew Tate and his brother, Tristan Tate, which includes their podcast, business, and collection of cars, focusing on the Buggatti tagline.
ROOST itself has no real products behind it except for its token and its mascot, which is the blue rooster cartoon.
The Rooster mascot is being promoted through their social media, where the team tried all kinds of editing and art to make ROOST stand out from other meme coins and tokens.
This strategy seems to be working as their Twitter follower are currently fluctuating at around 50,000 followers while their Telegram group is fluctuating at around 10,000 members.
Potential Recovery
The accomplishment of these numbers was reached at the end of last week, which is why all of a sudden most meme coin traders are predicting that ROOST will go up significantly in the next couple of days.
ROOST’s Price Chart / Source: Bitrue
Coincidentally, the predicted surge of a new influx of influencers promoting this project is in line with its price movement, where from a technical analysis standpoint, the price might be recovering soon.
This is because ROOST is currently going up, breaking out of its downward trend that has been prominent since the beginning of April.
The new movement can mean that May can be a good month for ROOST as its token is gradually moving up with the potential of reaching a 150% to 360% price gain.
If the support zone of $0.03 is still kept in tack, there is a change that right now is a good buying opportunity for traders who want to capitalize on ROOST.
The next target for ROOST is around $0.07 to around $0.13 which is possible to reach in the next couple of weeks.
To capitalize on this momentum, traders can use any decentralized exchange or centralized exchange, as the tokens have been listed for quite a while.
One of those exchanges is Bitrue, as it already accommodates spot market purchases of ROOST with the USDT Token.
However, it is good to remember that while there is a huge potential for ROOST, it is still in a downward trend, so this might be a risky play with potential losses going hand in hand with the potential profit.
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