Moving forward, we’ll first make sure you get acquainted with the Planet crypto project, and you’ll discover what the PLANET token is all about. Together, we’ll also check if this cryptocurrency has any use cases. In addition, we’ll check out the tokenomics of $PLANET, the project’s roadmap, and the token’s price action ever since it started trading on Uniswap.
All this information will serve as a fundamental analysis (sort of), which is a good foundation to decide whether or not the Planet crypto asset deserves your attention. However, when it comes to determining if you should buy the PLANET token and when it’s a good time to do so, you ought to look at its real-time, on-chain data.
In case you didn’t know, on-chain activity always precedes price action. As such, these types of insights give you the upper hand when trading or investing in altcoins. After all, proper timing is essential, and with real-time, on-chain data offered by Moralis Money, you can confidently determine when to enter or exit your positions.
So, in this article, you’ll also learn how to make the most of this ultimate on-chain tool!
What is the Planet Crypto and PLANET Token?
“Planet” is the new crypto project that aims to use the current popularity of meme coins to back environmentally conscious initiatives. The project also launched its own cryptocurrency that follows the ERC-20 standard – the PLANET token – on May 30th, 2023. At this point, PLANET is just another meme coin.
However, if the team behind the project manages to execute on their promises, $PLANET will also serve as a medium to channel funds towards improving the conditions of our planet’s environment. Plus, it will give community members a chance to participate by voting and deciding where the funds should go. So, like all meme coins, Planet primarily aims to establish a strong community.
If you took a proper look at the above two images, you must have seen iconic goats. But what do goats have to do with the Planet crypto project? Well, after going through the project’s official website, it seems that the team decided to cleverly pack the acronym for “the greatest of all time” (G.O.A.T.) into iconic goats. At the same time, goats, as animals, obviously have the environment’s best interest at heart.
Planet Crypto’s Whitepaper
Most meme coins don’t have a whitepaper, so it’s nice to see that the Planet crypto project has one. However, it’s worth pointing out that this project’s whitepaper is quite memetic. It does offer a framework outlining the underlying purpose of Planet and the PLANET token, but the information is rather vague.
We do like their honesty – they clearly state in the introduction that they aim to ride the wave of meme coin popularity. We applaud their enthusiasm for making the world cleaner and better. However, based on the details available on the project’s official website and its whitepaper, it is not at all clear how exactly they plan to make that positive impact. Thus, we’ll have to wait and see if more clarity will emerge as (if) the project develops further.
Note: If you wish to read Planet’s whitepaper, hit the “Whitepaper” button in the top-right corner of the project’s official website.
Tokenomics of the Planet Crypto Token
$PLANET was originally minted on the Ethereum network; however, on June 18th, the token also went live on BNB Chain. Here are the two blockchain addresses for the PLANET token:
- Ethereum: 0x2ad9addd0d97ec3cdba27f92bf6077893b76ab0b
- BNB Chain: 0xca6d678e74f553f0e59cccc03ae644a3c2c5ee7d
The above screenshot of the Planet’s page on Etherscan indicates that the meme coin has a total supply of 1,000,000,000,010. While this number is rather high, it is quite normal for meme coins to have more than a trillion instances of their cryptocurrencies.
By looking at the tokenomics section on the project’s official website, we can see some additional details. 15% of the total supply is distributed among three wallet addresses (see the above image). That portion of $PLANET is reserved for listings on CEXs (centralized exchanges), ecosystem partnerships, and the core team. Moreover, the team tokens are locked for twelve months.
As for the majority of PLANET’s supply (85%), it was sent to the liquidity pool (LP), and the team renounced the contract. Plus, there’s no buy or sell tax when trading $PLANET. So, these are all quite good signs for the Planet crypto project.
The Planet Crypto Project’s Roadmap
As you can imagine, the project’s roadmap is not clear either. For one, no timeframes are set as dates, only for phases. So, the Planet’s memetic nature also shines through in this regard. Still, if you are interested in learning what the details of the four phases are, have a look at the image below or visit the roadmap section of the project’s website:
So far, the PLANET team has been quite active on the project’s official Twitter account. As such, aside from the $PLANET Telegram channel, this is the place to keep an eye on new announcements regarding the project’s progress.
$PLANET Price Action
The PLANET token started trading on Uniswap the same day it was minted – May 30th, 2023. The starting price of the asset was only $0.000000004547. However, $PLANET didn’t stay that low for long. In fact, it went on a rather impressive rally during its first 14 hours of trading and reached $0.00004729. So, that is a slightly more than 1000x price increase in less than one day. Yeap, these kinds of gains are on the table only in the crypto space!
This initial rally was mainly reserved for folks who knew that the token was going live. However, there was a one-hour window following the first hour of trading when $PLANET was going sideways. This is where many Moralis Money Pro users had an opportunity to get their bags of the Planet crypto at as low as $0.000001666.
After reaching that local high at the 14-hour mark, the token pulled back more than 60%. Such a retracement is quite normal for meme coins, especially after a massive rally. So, PLANET retested its support level at the $0.000017-$0.000018 region. That was another decent opportunity for traders to enter this altcoin.
From that area, this environmentally-focused meme coin has been in a steady and quite volatile uptrend. $PLANET reached its current all-time high (ATH) at $0.00009692 on June 19th, 2023. Its ATH was followed by a short-lived 35% correction and then stabilized within the $0.000076-$0.000086 region.
At the time of writing, the token is trading at $0.00007922, and its chart looks rather strong. However, before you decide to get a bag of PLANET, make sure to consider the token’s real-time, on-chain data!
Planet Crypto’s On-Chain Data by Moralis Money
Moralis Money is the ultimate tool to view altcoins’ real-time, on-chain data. However, this tool’s function, which allows you to closely inspect individual tokens’ metrics, is of secondary meaning. The primary purpose of this powerful yet easy-to-use on-chain tool is its ability to generate dynamic lists of altcoin opportunities. You’ll have a chance to learn how to do that in the final section of today’s article.
Plus, it seems appropriate that before you take a closer look at Moralis Money’s page for the PLANET token, you know the gist of this awesome tool. So, here it goes:
- Moralis Money is free for traders that wish to focus on the monthly and quarterly timeframes.
- With this tool, you are always just a few clicks away from user-friendly, easy-to-interpret, actionable results.
- Moralis Money presents you with parsed and neatly organized crypto insights based on real-time, on-chain data.
- It includes preset filters to generate your first dynamic list of altcoin opportunities with a single click.
- The Token Explorer feature enables you to apply unique combinations of search criteria and generate unique and dynamic lists of altcoin opportunities.
- With Token Explorer, you get to find altcoins with potential early (before they pump), and you can finally overcome FOMO.
- The Token Shield feature gives projects security scores so you can stay clear of scammy tokens.
- Thanks to the Token Alerts feature, you have a chance to automate your searching for new altcoin opportunities and, in turn, overcome time scarcity.
- Moralis Money token pages.
- Portfolio tracking.
- Daily rewards.
- Searching for any token and wallet address.
- Cross-chain interoperability.
- An advancing community of crypto degens.
Before you go using Moralis Money to its full potential, check out $PLANET’s real-time, on-chain data via the interactive widget below.
Ready to Go Beyond the PLANET Token?
Throughout the above sections, you’ve obtained all the information and resources to determine if the Planet crypto coin is a good buy now or at any point in the future. However, you’ve also found out that this token has already had its 1000x-plus run and is already sitting at a market cap of roughly $80 million. Sure, if PLANET gets a massive adoption, it can go much higher; however, you can catch countless other low-cap coins before their initial pumps.
After all, there are new altcoins entering the market every couple of minutes, and despite the fact that we are not in a bull market yet, many of these coins tend to fly through the charts. UNLEASH, LOLA, MESSI, and Crypto Rangers are just some of the latest examples. You may not have heard of these tokens, but you’ve definitely heard of the PEPE token and its 100,000x rally is just 21 days.
Why are we telling you this? Well, because many Moralis Money users, especially those with Pro plans, have been able to enter many of these coins to pocket massive profits:
All in all, there are many great opportunities in the crypto markets throughout the cycle. Plus, by mastering Moralis Money today, you’ll be ready to make the most of the upcoming bull run.
So, if you are ready to join traders in the know, use the next section to start using Moralis Money to its full potential today!
Moralis Money Quickstart Tips
The following tips and animations will help you get going with Moralis Money without breaking a sweat:
- Start by generating your first list of altcoin opportunities. Simply select one of the preset filters on the Moralis Money homepage:
- Once on the Token Explorer page, start applying unique combinations of Token Explorer metrics, their values, and timeframes:
- There are many metrics to choose from; however, try the following ones first:
- Coin Age – To focus on newly minted tokens.
- Market Cap – To target altcoins with specific market caps (can also be useful for spotting more season alts).
- Holders, Buyers, Experienced Buyers, Experienced Net Buyers, and More. – To filter out tokens that are gaining or losing on-chain momentum.
- Save queries that return good results and start running them on autopilot:
- Always DYOR (do your own research) for individual tokens before entering a trade – this is where Moralis Money’s token pages enter the scene:
Put the above-outlined tips to use today! You can do so by visiting the Moralis Money homepage or simply using the interactive widget below. Don’t forget to lock in the Moralis Money Pro plan while BTC is still below $40,000!
PLANET Token Price & Trading Data – Will the Planet Crypto Pump or Dump? – Summary
We covered quite a distance in today’s article. Along the way, you learned that the Planet crypto coin is just another meme coin project, at least for now. However, that can change if the team behind the PLANET token delivers on their hefty promises. In that case, this project could become a great crypto initiative and community for helping make Earth cleaner and greener.
Additionally, we provided you with all the information and resources about Planet, including a page dedicated to this token, where you can explore that crypto’s real-time, on-chain data. In turn, you now have all you need to decide if the PLANET token is a good buy at any given moment.
However, the real treasure of today’s article came in the form of learning about Moralis Money. As such, you now know how to use this ultimate on-chain tool to start spotting the best altcoin opportunities. So, get out there and find those crypto gems that will generate your next 50x-plus gains!
