USELESS Token Laughs at Its Name: Meme Coin Skyrockets 30% While DOGE, SHIB Stumble
In a twist that would make even the most jaded crypto trader smirk, USELESS—the meme coin that dared to embrace its own absurdity—just ripped a 30% gain while Dogecoin and Shiba Inu floundered. Who needs utility when you’ve got memetic momentum?
### The Underdog That Wasn’t
Forget fundamentals—this is crypto’s theater of the absurd. USELESS, the token that launched as a self-aware joke, is now outperforming legacy meme coins. Dogecoin? Flat. Shiba Inu? Stagnant. Meanwhile, the 'useless' asset is mooning. Irony isn’t dead—it’s trading at a 30% premium.
### A Lesson in Crypto Logic (or Lack Thereof)
Market cycles come and go, but one rule remains: in a world where Elon’s tweets move markets, a coin’s name matters more than its whitepaper. USELESS capitalized on the ultimate reverse-psychology play—and traders FOMO’d in just to prove a point. Classic.
### The Punchline
While DeFi builders toil on real yield and institutional adoption, meme coins remind us that crypto’s heart still beats with chaotic, speculative glee. USELESS won today—but let’s be honest, tomorrow’s 'winner' could be a token named AFTERLUNCHDUMP. Such is the poetry of unregulated markets.
Coinbase, Binance US, Kraken Boost USELESS
The recent rally in USELESS follows a string of major exchange listings this week. Yesterday, BeInCrypto reported that Coinbase confirmed the token’s addition in an official post on X (formerly Twitter), noting that trading WOULD commence in line with its listing roadmap.
On the same day, Binance US and Kraken also announced that they had listed the meme coin, amplifying its visibility across the market.
USELESS Price Action Stays Bullish
With market excitement buzzing around these new listings, there has been an uptick in fresh liquidity for the token. The bullish crossover of its Moving Average Convergence Divergence (MACD) confirms this capital influx.
Readings from the USELESS/USD one-day chart show the token’s MACD line (blue) sitting on top of its signal line (orange) for the first time since July 17.
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The MACD indicator identifies trends and momentum in its price movement. It helps traders spot potential buy or sell signals through crossovers between the MACD and signal lines.
When it is set up this way, it signals a shift toward bullish momentum, suggesting that upward pressure is building in the USELESS market.
Further, the altcoin currently sits above its 20-day Exponential Moving Average (EMA), which forms dynamic support below it at $0.25.
An asset’s 20-day EMA tracks its average price over the past 20 trading days, giving weight to recent prices.
When the price climbs above this level, it indicates a shift towards a bullish trend. It means short-term price momentum is turning positive, with recent prices trading higher than the average price over the past 20 days.
USELESS Bulls Bet on Fresh Upside
At press time, the meme coin trades at $0.28. Sustained buying pressure could propel it toward the $0.34 mark.
However, if profit-taking sets in, the token may slip below $0.27 and look to establish support at its 20-day EMA. Failure to hold this level could see USELESS retreat further toward $0.22.
