In the latest Solana meme coin skyrocket, ETF token (ETF) has exploded +207% in just 24 hours amid a flurry of interest around crypto ETFs.
This article will provide an analysis of ETF’s current price trends and look to see whether an innovative new meme coin, Dogeverse, represents a more promising investment opportunity in the Solana meme coin market at this time.
We are launching soon$ETF is a upcoming meme coin built on #Solana
First 2,500 Address 1,000,000 $ETF
Follow , like, RT (Drop your $SOL wallet)
Snapshots 24 hours pic.twitter.com/uzMhIZmFTm
— $ETF (@ETFCoins) May 12, 2024
ETF token launched to much market excitement a few days ago, with hype generated by a prelaunch marketing campaign for an ETF token airdrop – with these tokens now in circulation – price growth for ETF seems set for organic growth from here on out.
ETF Price Analysis: As New Solana Meme Coin Surges Into Relevance, Could This Other Upcoming Launch Be Next?
With price action continuing to hammer up to the upside, ETF token is currently trading at a market price of $0.00134 (representing a 24-hour change of +202%).
This comes after a breath of life surged into the chart at around 12:30 UTC on May 16, in an electric move that saw an incredible 8 consecutive green hourly candles.
The initial upside surge stalled at resistance around $0.0013, triggering a momentary consolidation above lower support at $0.0008.
However, a successful defense by bulls at this level set the stage for a resurgent second rally leg that has so far seen ETF price hammer up a further +48% to a present local high at $0.0014.
But, while price action remains trading high, all eyes are now on ETF’s market cap, which has surged over $1M to hit $1.3M in the past few hours – creating an allure for a potential 5-10x leap in the coming hours.
Beyond this, buy pressure is holding its dominance to a moderate degree at 53% of taker buys in the past hour.
Yet, with price action overextended to some degree, analysts are now shifting their attention to an emerging launch from the recent DOGEVERSE presale.
This presale unlocked viral success in the crypto community throughout April and now stands set for major tier-1 CEX listings.
Next To Pump: Dogeverse – Over $15M Raised in Viral Meme Coin Presale
While Dogecoin price basks in the afterglow of fleeting Tesla support, the Dogeverse presale continues to gain traction.
The latest presale statistics show that the project has raised over $15 million. Going by recent trends, this could just be the beginning of this upswing.
Keep my wife’s name out of your fucking mouth or you’re going down that portal and never coming back! #Memecoins #Solana #Altcoins #Ethereum #Crypto #MemeCoinSeason2024 pic.twitter.com/d9ztPzrGLX
— DogeVerse (@The_DogeVerse) May 17, 2024
Dogeverse offers better features than Dogecoin.
Most importantly, it is the first multichain meme coin and will deploy on Ethereum, BNB Chain, Polygon, Solana, Avalanche, and Base, among other platforms.
Moreover, Dogeverse, unlike Dogecoin, supports staking, meaning presale investors can diversify income streams from passive gains and decent DOGEVERSE yields.
The post This ETF Token is Exploding on Solana – Could the Next Low Cap Gem 100x Overnight? appeared first on Cryptonews.
