Chimpzee continues its efforts towards environmental sustainability by carrying out activities that empower people to make a positive impact on the environment and save animals while earning passive and active income.
Its native token, CHMPZ, could be preparing for major spikes as its planned launch on the Solana network approaches reality. The developers announced on X that the expansion to Solana will occur after North America’s Labor Day, on September 20th.
The expansion will make Chimpzee a multi-chain network. It will maintain its presence on the Ethereum blockchain while also operating on the Solana blockchain. These developments could affect its price as trading volume, exposure, and demand potentially increase.
Chimpzee will leverage the security of the Ethereum network while enjoying the speed and low costs of the Solana network.
The SOL network, known as the home of many meme coins, has seen major spikes in recent months. Chimpzee appears poised to benefit from these major spikes and potentially enrich its early investors.
https://x.com/RealChimpzee/status/1828403342604632124
FOMO Could Make CHMPZ Price Spike
The fear of missing out on the potential spike that may follow the Solana launch could make the price surge very high.
The price of CHMPZ has been trading below a descending trend line since March. This trend line has acted as constant resistance to major price spikes.
However, as the launch on Solana gets nearer, the price started to go up from August 24 and was able to spike by more than 80% back to the trend line resistance.
Although the bulls couldn’t break through the resistance, the price continues to trade just below it with the potential to break above. The FOMO surrounding the Solana launch could create buying pressure and increase demand for CHMPZ, potentially leading to a breakout and a more decisive rally.
Typically, when the price breaks out of such a descending trend line pattern, it targets the top of the pattern, which in this case could make CHMPZ spike by more than 150%.
With more exposure and potential buzz during the launch, the price could spike even higher to create a new all-time high.
To ensure that CHMPZ tokens maintain their scarcity, the developers have announced that an equivalent number of tokens that will be available on the Solana network will be burned from the Ethereum network.
With this in place, an increase in demand could have a rapid impact on the CHMPZ price since its supply is not increasing.
Launch Solana DEX To Boost Price
Chimpzee will be launched on the Raydium decentralized exchange. The exchange is a major player in the Solana ecosystem, offering decentralized exchange activities. It provides users with a secure platform where they can trade different digital assets.
The platform is known for its high speed and low fees; it also has an automated market maker (AMM) and the order book functionality of Serum.
Staking will also be available on the Solana network later on, but this may not come immediately, as the developers will ensure that everything is going well and working smoothly without rushing.
How to Buy Your CHMPZ Token
To buy the CHMPZ token, users can visit the Chimpzee website, then click on “Buy CHMPZ”. Doing so will take them to a page where they will see a list of some of the exchanges where the token is currently listed; these include p2pb2b, Bitmart, and MEXC.
They can also visit the exchange websites on their own and then look for the options to buy CHMPZ tokens; however, going through the Chimpzee website seems like an easier option.
$10,000 for Lucky NFT Passport Holder
Chimpzee will conduct its first drawing for a $10,000 prize for a lucky NFT Passport holder. The NFT Passports come in four levels: diamond, gold, silver, and bronze, each offering various benefits, including passive income:
- Diamond passport: Up to 20% annual percentage yield (APY)
- Gold passport: 18% APY
- Silver passport: 15% APY
- Bronze passport: 12% APY
The exclusive promotion for NFT Passport holders is to reward those who support the project’s mission towards helping save animals and plants.
Following Prizes include:
- 2 – $10,000.00 USDT (Any NFT Passport Holder)
- 1 – $5,000.00 USDT (Diamond Passport Holders Only)
- 2 – $2,500.00 USDT (Gold Passport Holders Only)
- 3 – $1,000.00 USDT (Silver Passport Holders Only)
- 4 – $500.00 USDT (Bronze Passport Holders Only)
- 20 – $250.00 USDT (Any NFT Passport Holder)
Users can win one prize per wallet. However, if they sell an NFT that ends up being the winning NFT, the prize will go to the new owner.
The drawing will take place between September and October. To participate in the exclusive NFT passport benefits, users need to mint their desired NFT passports.
To do this, visit the Chimpzee website, select “Mint Passports,” choose the desired passport, and fill in the required information. The website provides additional information on the minting process.
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