Solana Meme Coin HAMMY Price Surges, While Another Coin Gains Attention
In the aftermath of Bitcoin’s post-Halving slump, Solana meme coin traders have been feeling down. However, a new token called Sad Hamster, which reflects this sentiment, has experienced a significant price increase overnight.
This article will analyze the current price trends of HAMMY and explore whether an alternative investment opportunity, DOGEVERSE, may be more enticing at this time.
Sad Hamster has become a viral meme in the Solana meme coin market. Retail investors have labeled HAMMY as a ‘Cat Token,’ and some analysts have noted the meme value potential in this rising trend. It’s intriguing to consider the idea of a hamster becoming the first cat-coin to reach a market cap of $1 billion.
Price Analysis: Can Sad Hamster Token Become the First $1 Billion Rodent Coin in the Solana Meme Coin Market?
With a technical rally structure in place, Sad Hamster is currently being traded at a market price of $0.02, representing a 24-hour change of +475%. The token experienced a sudden surge in value at 11 AM UTC on May 2, and this steady upward momentum has formed an appealing rally structure. So far, HAMMY Price has climbed +1,432% and reached a new all-time high at $0.03.
Currently, Sad Hamster is undergoing a minor retracement, seeking support for further upside moves above the lower support level of $0.015.
Despite the strong upward trading channel of HAMMY price, there is a possibility that the rally could stall, especially considering the declining momentum revealed in the order book. Over the last 6 hours, there has been a 36% decrease in buy pressure transactions. The MACD also indicates fleeting bullish sentiment, although it’s worth noting that it still shows a minor bullish signal (0.00058).
Further retracement may be likely, with HAMMY’s price needing to reach $0.015 to alleviate overbought divergence, indicated by an over-heated RSI reading of 60. However, if this retracement is successfully defended by HAMMY’s growing number of holders (2,940), it is possible that the upside momentum will resume.
With a market cap of $20 million, Sad Hamster now faces a crucial moment in the Solana meme coin market. It could either ascend to a market cap of over $100 million or decline back to $1 million.
For retail investors who are cautious about the high-risk nature of this all-or-nothing situation, many are turning their attention to a more promising opportunity in the viral DOGEVERSE presale.
Introducing Dogeverse: The Unification of DOGE Cross-Chain – A Potential 100x Investment?
Dogeverse (DOGEVERSE) is a new meme coin project centered around dogs that operates across multiple chains. Its active presale has already raised over $12 million and is being deployed on Ethereum, Avalanche, Base, and Solana.
The project’s developer claims that this approach provides equal access to everyone and accelerates growth, allowing Dogeverse to become a powerful force in the crypto market.
Considering the current market events, the highly sought-after Dogeverse presale is expected to yield significant benefits as more users join in search of potent meme coins. Supporters believe that Dogeverse has the potential to reach a market cap of $1 billion in the coming weeks, similar to BONK and BOME.
To stay updated with the latest news on Dogeverse, follow them on X and join the presale community on Telegram.
Please note: Cryptocurrency is a high-risk asset class, and this article is for informational purposes only and does not constitute investment advice. Investing in cryptocurrencies carries the risk of losing all of your capital.