Bitboy’s recent fight causes a swing in their memecoin’s prices

Bitboy’s recent fight causes a swing in their memecoin’s prices - African News - News

In an unexpected turn of events, the crypto world was abuzz with an unconventional showdown between two prominent figures: renowned crypto influencer Ben “BitBoy” Armstrong and the enigmatic memecoin developer, More Light. Their face-off, which took place at a crypto influencer “fight night” hosted by Karate Combat in Mexico on February 24, 2023, captured the attention of both crypto enthusiasts and onlookers alike.

Bitboy’s Unexpected Rival: More Light

More Light, the mysterious memecoin developer behind the popular cryptocurrency BITCOIN, admitted that his decision to enter the ring was a last-minute one. A mere four weeks before the event, he voluntarily replaced BitBoy’s original opponent. Although unprepared for the challenge, More Light was determined to take it on. However, he found himself facing a formidable adversary in BitBoy, who displayed an unexpected level of aggression and intensity throughout the bout.

The Crowd Favorite Falls Short

Despite being the crowd favorite leading up to the fight, with 62% of bets placed on him according to data from the decentralized betting app Polymarkets, More Light came up short. In an unexpected turn of events, BitBoy emerged victorious, securing a unanimous decision after three grueling rounds. The defeat left More Light to ponder the unpredictability of outcomes in such competitive arenas.

The aftermath of this unusual confrontation had far-reaching effects, particularly on the prices of their associated memecoins. Following BitBoy’s win, the price of the BITCOIN token experienced a sharp decline, dropping over 20% within four hours. However, the token managed to rebound and is currently trading at around $0.056, demonstrating a notable recovery.

Market Impact and Aftermath

Despite the competitive nature of their clash, More Light clarified that there was no personal animosity between him and BitBoy. He described BitBoy as a “good guy” in real life, emphasizing the amicable relationship between the two beyond the realm of combat.

The memecoin project associated with More Light, HarryPotterObamaSonic10Inu, adds another layer of intrigue to the story. Conceived as a playful homage to bitcoin, the world’s leading cryptocurrency, this memecoin’s name reflects the creative and whimsical spirit of the crypto community.

Diverse Reactions from the Crypto Industry

The fight between BitBoy and More Light sparked varied reactions within the crypto industry. While some observers found the spectacle amusing, others expressed criticism or skepticism. Regardless, this event served as a reminder of the diverse and often eccentric nature of the cryptocurrency ecosystem.

The showdown between BitBoy and More Light transcended the boundaries of traditional competition, leaving a lasting impression on both the crypto community and the broader market. Amidst the fluctuations and controversies, it underscored the dynamic and unpredictable nature of this burgeoning industry.