The post After Viral Presale, Burn Kenny Investors Prepare for 30% Token Burn and 50X Price Surge this Week appeared first on Coinpedia Fintech News

Burn Kenny took the crypto market by storm last week. The Meme Coin that takes inspiration from the popular American animated television series South Park was an instant, yet unexpected hit in the meme coin community. 

To the dismay of investors who were late to learn about the new meme coin that was spreading on the internet like fire, the presale was sold out within a few hours of going live. But new investors can secure $KENNY tokens before it’s too late, starting from 24 July 2023, Monday, 1800 CET. 

The meme coin mania kicked off by Burn Kenny has mostly to do with its radical token-burning mechanics. The token burn schedule begins 24 hours after the initial exchange listing and will continue over the next three days. 

The Hype Around $KENNY Launch: Explained 

Burn Kenny has an excellent marketing team that has pumped 100X coins like $SPONGE. While that has certainly helped the token gain momentum within hours of going live, it doesn’t explain the rush of investors to the $KENNY presale on Friday. 

The project’s positioning as the next meme coin to explode is strengthened by four factors, primarily. Let’s take a look at each. 

1. Short presale with limited access 

The number of $KENNY tokens made available during the presale was limited to create a small early investor community and minimize the scope of early-stage dumping. Since the presale target was confined to just $500,000, the exchange listing on Monday and the subsequent price action won’t be affected by token dumps. 

The limited presale also played a big role in creating FOMO around the project and spreading the word about it in the meme coin community. Investors who missed out on the presale will fuel the first few hours of the exchange listing, thus ensuring that the price action in the coming days is strong.

2) Low-cap translates to large ROI

The initial market cap of an asset and how much you spend on your investment largely determines your ROI. In this regard, Burn Kenny is an excellent early-stage investment. 

Investors who managed to procure the tokens during the presale or the first 48 hours of the token launch can benefit from its high upside potential. Going by the presale price, $KENNY has a tiny initial market cap of just $1.25 million. It leaves plenty of space for growth. 

To give you a better perspective, let’s say the token manages to attain a modest market cap of just 12.5M in the first week. While that may look like a short amount given Dogecoin’s $10B market cap, the ROI is still impressive at 1000%. It will be shocking to see Dogecoin make a two digit price movement during the same time. 

The key lies in bagging the token when it’s ripe. 

3) Deflationary tokenomics

Even if you missed out on the presale, $KENNY is an attractive investment. This is because of the deflationary tokenomics that underpins the meme coin. As the name of the project hints, the burn mechanism plays a crucial role in supporting the value of the token over time. It successfully creates deflation and boosts the price of $KENNY in the open market. 

To put it in numbers, 30% of the token supply has been set aside for future token burns. And as discussed above, the burn mechanism is scheduled to begin 24 hours after the DEX listing. It will last for just three days. 

While most deflationary burn mechanisms are deployed in intervals stretched over months or years, Burn Kenny’s approach is different to benefit the community of early investors.

The token burn will further bring down the market cap of $KENNY (at its presale price) to around $875,000. In other words, to generate 1000% or 10X returns on the meme coin, you just need to wait till the market cap reaches $8.75 Million (approx), given that you bought it at the presale. If you manage to get the tokens during the first twenty-four hours of the initial exchange listing, the numbers won’t be much different. 

4) DEX liquidity lock

Burn Kenny has set aside 30% of its token supply for decentralized exchange (DEX) liquidity. We have seen plenty of cases where meme coin manias lead to liquidity crunch and heavy price slippages. DEX liquidity lock goes a long way in mitigating the problem as the token demand surges.

The liquidity lock also prevents the chances of a rug pull, instilling faith and credibility in the project. In the meme coin market swamped with scam projects, investors have embraced the unusually large allocation of 30% locked liquidity. 

How High Can Burn Kenny Climb? $KENNY Price Prediction

$KENNY is powered by the same team that brought instant meme coin hits like $HANKEY, $THUG, and $SPONGE to name a few. The track record of the marketing team in pumping meme coin manias explains the grand reception of the project. 

Given that all of these tokens went on to make multifold returns for early investors, ranging from 3-100X, the most conservative price prediction for $KENNY is 300% in July 2023. 

But the current market environment and the unique value proposition of the meme coin – most prominently the 30% token burn mechanism executed in the first week of the initial exchange listing – strengthen its price predictions. 

Whale participation in the presale has been negligible, which reduces the chances of weighty token dumps during the token launch. But as $KENNY dominates news headlines, whales are expected  to join the meme coin pump and send its price to the moon. An ambitious yet realistic price prediction for $KENNY in July is 2500%. It can go anywhere up to 8000% in August if the team manages to sustain the momentum. 

It is best to buy the meme coin this week to secure the best ROI from the pump.