In a recent turn of events, Myro, a dog-themed meme coin built on the Solana blockchain, experienced a significant surge after being endorsed by Bluntz, a prominent cryptocurrency trader on X. Bluntz's keen observation of a 25% 'ABC' dip on Myro's hourly chart led to his prediction of an imminent rally, which proved to be remarkably accurate.
Bluntz's post, identifying the dip and anticipating a price reversal, emphasized the godlike nature of meme coin trends. He asserted that diverting attention from such trends seemed like a missed opportunity. Shortly after his post, Myro's price surged, reversing precisely at the level he indicated, resulting in an impressive 63.92% profit within the initial hour. The rally persisted as Myro soared to $0.3121 before entering a consolidation phase, presently trading at $0.2659.
MYRO/USDT Hourly Chart onTradingView
The recent price spike propelled Myro above its previous all-time high of $0.2599, achieved in January. This surge ignited significant interest within the crypto community, with members expressing bullish sentiments towards the burgeoning meme coin. CoinmarketCap data revealed Myro's market capitalization surged by 51% within 24 hours, reaching $252.7 million, accompanied by a 104.8% increase in trading volume, totaling $231.7 million.
Launched on the Solana network in November 2023, Myro derives its inspiration from Solana founder Raj Gokal's pet dog. Its dog-themed concept has resonated with crypto enthusiasts, contributing to its remarkable ascent in the digital asset landscape.
In summary, Myro's recent rally, spurred by Bluntz's astute observation and endorsement, underscores the influential role of meme coin trends in the cryptocurrency market, signaling a compelling narrative for investors and enthusiasts alike.
The Telegram advertising platform will be officially open to all advertisers in nearly a hundred new countries. To ensure fast and secure advertising payments and withdrawals, the TON blockchain will be used exclusively, and content creators will be able to cash out their Toncoin.
JinseFinanceWhy did Bitcoin hit record highs this week? Fans of the world's largest cryptocurrency say it's down to the traditional laws of supply and demand.
JinseFinance$SMOG, the Solana meme coin, defies Bitcoin's correction, surges +63.78%, now 17th most valuable meme coin. Hits $0.19, eyes new high above $0.20.
Huang BoLaunched in February 2018 with the backing of Venezuela's petrol reserves and priced at US $60 per unit, the petro was intended to provide alternative avenues for international financing amid US sanctions.
AlexSo if the Bitcoin spot ETF lands in January and Bitcoin rises, Ethereum may make up for the gains a bit. For Ethereum to really rise sharply, it needs its own ecology to have hot-selling projects and popular tracks, so that it can uniquely lead the rise.
JinseFinance
LedgerinsightsSANGO Coin has burst into the scene this year and is already changing what it means to be a government-backed ...
BitcoinistGovernment-backed digital assets, CBDCs, have been put forward by different countries to implement crypto payments in the country as opposed ...
Bitcoinist
NulltxPARODY COIN (PARO) Parody Coin (PARO) is a deflationary utility token in its presale stage, it has joined a host ...
Bitcoinist