Ethervista

SushiSwap

PEPE

Vista Finance

VISTA rose 74% over the last day as decentralized exchange Ethervista launched its token deployer Etherfun. 
<a href="https://crypto.news/price/ethervista/" target="_blank">VISTA</a> soared from $8.41 on Oct. 28 to an intraday high of $38.54 on Oct. 31, representing a surge of over 350%. The price jump boosted VISTA’s market capitalization from $8.9 million to $31.8 million as of the time of writing. 
The altcoin’s rally coincided with a jump in its trading volume hovering over $22.6 million up 63% over the past day.&nbsp; 
Vista’s rally began on October 28, fueled by the <a href="https://x.com/ethervista/status/1850652161027588404" target="_blank" rel="nofollow">launch </a>of Etherfun, an Ethereum-based token deployer. Etherfun seeks to capitalize on the popularity of similar platforms like Solana’s Pump.fun and Tron’s Sun Pump both of which have <a href="https://crypto.news/pump-fun-earned-over-1m-solana-ecosystem-market-cap-reaches-2-3b/" target="_blank">garnered significant interest</a> within the meme coin community. 
According to the official documentation <a href="https://x.com/ethervista/status/1850907000877543636" target="_blank" rel="nofollow">shared</a> by Ethervista, Etherfun is “taking what Pump.fun started,” enhancing its features, and “merging it with Ethervista’s innovations” to deliver a premier memecoin trading and launch platform, optimized for Ethereum’s high gas costs. 
What differentiates the platform is that liquidity from tokens launched on Etherfun is permanently locked on Ethervista, with a portion of the fees used to automatically buy and burn VISTA tokens. 
Within a day following its launch, 100 tokens had been deployed on the platform.&nbsp; 
 You might also like: <a rel="" href="https://crypto.news/pepe-becomes-first-meme-coin-to-officially-enter-japans-market/"> PEPE becomes first meme coin to officially enter Japan’s market </a> 
The excitement around the new platform also propelled Ethervista’s decentralized exchange past SushiSwap in 24-hour trading volume, adding further momentum to today’s rally.&nbsp; 
As of the latest data, <a href="https://crypto.news/vista-token-surges-following-launch-of-pump-fun-alternative-ethervista/" target="_blank">Ethervista’s DEX</a> recorded a trading volume of approximately $5.62 million, while SushiSwap’s volume remained just above $3 million. 
VISTA had been trading in an accumulation zone since late September before the Etherfun launch, as <a href="https://x.com/Amitbalot1/status/1850463552760619352" target="_blank" rel="nofollow">observed </a>by one community member. The launch helped it break out of that zone, a move often seen as a bullish signal. 
However, technical indicators are flashing warning signs. VISTA was trading above the upper Bollinger Band at $29.13 suggesting it was far above overbought levels which typically leads to a price reversal in the short term. 
<figure class="wp-block-image size-full">
 <img loading="lazy" decoding="async" width="1428" height="846" src="https://crypto.news/app/uploads/2024/10/VISTAUSDT_2024-10-31_14-58-05.png" alt="VISTA up over 60% following launch of pump.fun alternative Etherfun - 21" class="wp-image-14307230">
 <figcaption class="wp-element-caption">
 VISTA 24-hour price, Bollinger Band and RSI chart — Oct. 31 | Source: <a href="https://www.tradingview.com/chart/OxW5RU4Q/" target="_blank" rel="nofollow">TradingView</a>
 </figcaption>
</figure> 
Meanwhile, the Relative Strength Index has also risen to overbought territory on Oct. 28 and has continued to rise to 87 further confirming that a price reversal may be looming in the upcoming days. 
Yet, social sentiment around the altcoin remains bullish, with many traders on X <a href="https://x.com/Henry_VuQuangDu/status/1851919240007422056" target="_blank" rel="nofollow">expecting</a> VISTA to hit a new all-time high. Despite bearish technical indicators, strong community hype and solid fundamentals could keep the token’s upward momentum alive, potentially pushing prices higher in the short term. 
 Read more: <a rel="" href="https://crypto.news/what-will-happen-to-the-meme-coin-market-if-trump-wins/"> What will happen to the meme coin market if Trump wins the presidential election? </a>

VISTA up over 60% following launch of pump.fun alternative Etherfun

crypto.news

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