VISTA surged by 74% in the past day as the decentralized exchange Ethervista launched its token deployer, Etherfun, driving significant excitement and volume. The token skyrocketed from $8.41 on Oct. 28 to an intraday high of $38.54 on Oct. 31, representing a remarkable 350% increase. VISTA’s market cap also jumped from $8.9 million to $31.8 million as of this writing.
This rally coincides with a surge in VISTA’s trading volume, which soared 63% to over $22.6 million in the past 24 hours. The rally began following Etherfun’s debut, an Ethereum-based token deployer designed to capitalize on platforms like Solana’s Pump.fun and Tron’s Sun Pump that have captured the meme coin community’s interest.
Per Ethervista’s documentation, Etherfun is “building upon what Pump.fun initiated” by adding enhanced features and integrating Ethervista’s innovations. This creates a top-tier meme coin trading and launch platform, particularly optimized for Ethereum’s high gas fees. Tokens launched on Etherfun are distinct, as liquidity is permanently locked on Ethervista, and part of the platform fees goes towards an automatic buyback and burn of VISTA tokens.
Within 24 hours of its launch, Etherfun deployed 100 tokens on the platform, contributing to Ethervista’s DEX surpassing SushiSwap in daily trading volume. Ethervista recorded approximately $5.62 million in 24-hour volume, while SushiSwap trailed at just over $3 million.
VISTA had been consolidating since late September before Etherfun’s launch, according to one community member. This breakout from the accumulation zone is often a bullish indicator; however, technical indicators are signaling caution. Trading above the upper Bollinger Band at $29.13 indicates that VISTA is in overbought territory, potentially setting up for a short-term price reversal.
VISTA’s Relative Strength Index (RSI) also moved into overbought territory on Oct. 28 and has continued climbing to 87, reinforcing the likelihood of a potential pullback. Nonetheless, social sentiment remains strongly bullish, with many traders on X anticipating that VISTA could reach a new all-time high. Despite bearish technical indicators, the combination of strong community enthusiasm and solid fundamentals may sustain the token’s upward trend in the near term.
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