{"id":14814,"date":"2022-10-31T10:33:34","date_gmt":"2022-10-31T10:33:34","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/boo-halloween-themed-shitcoins-materialize-to-haunt-crypto-twitter\/"},"modified":"2022-10-31T10:33:37","modified_gmt":"2022-10-31T10:33:37","slug":"boo-halloween-themed-shitcoins-materialize-to-haunt-crypto-twitter","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/boo-halloween-themed-shitcoins-materialize-to-haunt-crypto-twitter\/","title":{"rendered":"Boo! Halloween-themed shitcoins materialize to haunt crypto Twitter"},"content":{"rendered":"

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The crypto community never shies away from deploying new cryptocurrencies that are themed on current events, and Halloween was no exception. The industry saw an influx of Halloween-themed cryptocurrencies hoping to cash in on the hype around the festivities.<\/p>\n

Halloween-themed cryptocurrencies have taken over the crypto ecosystem on Twitter, typically offering\u00a0no real use case or future for investors. Projects like these have a track record of being sourced as an off-the-shelf product, which can be quickly renamed and deployed in the free market for trading.\u00a0<\/p>\n

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Our target is 50 millions market cap an 0.01$ price<\/p>\n

\u2014 Halloween Token (@CyberMetaWorld) October 28, 2022<\/a><\/p><\/blockquote>\n

Projects like Halloween Token, as shown above, came up just days before the occasion with the sole purpose of amassing $50 million in market cap. Halloween Spook, a project that cropped up on Sept. 2022, claims the status of being the \u201cscariest meme token on Binance Smart Chain (BSC).\u201d The project promotes Halloween Elon (SINK) token, which is based on a recent \u201clet that sink in\u201d meme sported by Elon Musk.<\/p>\n

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ELON CHANGE HIS PROFILE PICTURE ! LFG ! ENJOY ! #Halloween<\/a> #Binance<\/a> #KuCoin<\/a> #bscgemsx100<\/a> #crypto<\/a> #Halloweentoken<\/a> #meme<\/a> #SINK<\/a> #elonmusk<\/a>
#elonmusktwitter<\/a> #ShibaArmy<\/a> #QOM<\/a> #LUNACLASSSIC<\/a> @shitcorpnews<\/a>#halloweenfloki<\/a> #saninu<\/a> #efloki<\/a> #twigeinu<\/a> #twige<\/a> pic.twitter.com\/bIOx5diaCJ<\/a><\/p>\n

\u2014 Halloween Elon (@halloweenelonn) October 29, 2022<\/a><\/p><\/blockquote>\n

Found again on the BSC network was Halloween Wars Token, which blatantly shares its intent to \u201cride the hype of what many claim is the most exciting time of the year: halloween.\u201d Despite no attempt to market the project, the project gained 17 followers who remain at risk of losing their assets to market capitulation.<\/p>\n

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Halloween wars <\/p>\n

Halloween wars is a community-centric and community-driven cryptocurrency project launched in the Binance Smart Chain network that aims to ride the hype of what many claim is the most exciting time of the year: halloween.
millions Mc Goal Before Halloween
pic.twitter.com\/ONQWsFGDkT<\/a><\/p>\n

\u2014 Halloween Wars Token (@HalloweenWar) October 8, 2022<\/a><\/p><\/blockquote>\n

One of the stronger contenders this year was halloween bsc, yet another BSC-hosted project with no apparent goal set for the investors.<\/p>\n

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Solid chart for us! spread the word and join us https:\/\/t.co\/ExEahBwk4r pic.twitter.com\/fVlbBhuR57<\/a><\/p>\n

\u2014 halloween bsc (@HalloweenToken) October 10, 2022<\/a><\/p><\/blockquote>\n

As shown above, the project recently celebrated a temporary bull run but a reverse search showed no existence of an ENDS\/BNB (BNB) trading pair on Binance or any other trading platform.<\/p>\n

While cryptocurrencies themed on current trends tend to spike in market price, the surge is often limited to a few days until the owner decides to cash out and rug investors from making profits. As a result, it becomes paramount for\u00a0investors to do their research (DYOR).\u00a0<\/p>\n

Related: <\/em><\/strong>Cointelegraph Store introduces Halloween Crypto Monsters merch<\/em><\/strong><\/p>\n

Twitter is home to a majority of the crypto world, and with Elon Musk taking over the social media platform, crypto exchange Binance decided to lend support to developing crypto and blockchain solutions for Twitter.<\/p>\n

As Cointelegraph reported, Binance CEO Changpeng Zhao\u00a0committed to back Musk\u2019s Twitter acquisition with a $500 million fund. <\/p>\n<\/div>\n