Myro Price Prediction as Solana Meme Coin Surges Another 30%
After a notably bullish week, Myro is on the verge of a brand new ATH, at present buying and selling at $0.2431. However having pumped over 100% in seven days, does this Solana-based canine coin have the legs for an additional run?
Analysts Eye $1+ for Myro, however Historical past Says There Is Threat
With Myro up a staggering 743% this month, it’s simple to get swept away within the euphoria, anticipating “up-only” beneficial properties all through the upcoming bull rally. Nevertheless, a number of components are at play, all affecting how far it may possibly go.
Analysts are notably bullish on MYRO, with many anticipating an increase just like Bonk’s or Pepe’s. These cryptos exploded after listings on tier-one exchanges, propelling them to multi-billion greenback valuations.
Bonk reached increased than Pepe, however even Pepe’s peak $1.8 billion market cap would offer Myro with room for an 8x and put its value at $1.92.
Nevertheless, different analysts are much more bullish, with LongShot Gabe speculating that Myro will attain a multi-billion greenback market cap. He writes, “$MYRO is like 200% away from a $1 billion market cap. You actually assume the black canine will cease there? Ain’t no means. Ship $MYRO to billions. Plural.”
However whereas Myro’s market sentiment is massively bullish, it is very important contemplate the newer trajectories of meme initiatives like Pepe and Bonk. Each initiatives achieved meme coin stardom after listings on main tier-one exchanges. Nevertheless, Bonk is at present 65% decrease than its ATH.
And Pepe is 73% decrease than its ATH.
Retaining an goal view is essential, and whereas Myro might maintain upside potential, it can possible entail appreciable volatility.
That mentioned, its $200 million market cap might current huge room for progress ought to it acquire extra floor on different meme cash. Within the final bull rally, a number of meme cash reached staggering valuations, with the quantity three meme coin SafeMoon hitting a $5 billion market cap.
With extra liquidity within the area this time, this might lay the best way for even larger meme coin beneficial properties, with Myro undoubtedly seeking to fetch them.
Nevertheless, after already pumping considerably this month, many savvy merchants are keen to seek out new meme cash set to comply with Myro’s lead.
One of many high picks is Sponge V2, a next-generation meme coin that rendered 100x beneficial properties with its earlier model.
One other Token to Watch: 100X Meme Coin Sponge Launches V2 With P2E Utility
The Sponge meme coin has seen important beneficial properties this month, pumping 265%. The transfer comes as its staff publicizes the token shall be bridged to Sponge V2, a second iteration offering a brand new utility.
Sponge V2 shifts from a standard meme coin to a Play-to-Earn token, creating extra ecosystem worth and rising its demand potential.
Holders can partake within the Play-to-Earn sport and earn free crypto, though extra particulars have but to be launched.
Sponge soared to a $100 million market cap in Could 2023, shortly following its launch. It netted early traders a 100x ROI and in addition secured listings on over ten distinguished exchanges.
This time, the Sponge staff seeks to safe listings on “larger and higher exchanges,” a vital think about meme coin success.
The unique Sponge additionally garnered 13K holders and 30K social media followers, a notable accolade and a major benefit for Sponge V2.
Its profitable observe document and new utility have drawn pleasure from analysts, with Crypto Gains forecasting it to “100x like the primary one did.”
However the brand new version will not be but out there on exchanges. The one place to buy $SPONGEV2 is by way of its ongoing Purchase and Stake marketing campaign, and tokens shall be locked and earn a further yield till the occasion ends.
