ETF Token Experiences Explosive Growth on Solana – Could the Next Undervalued Gem Skyrocket Overnight?
By Sam Cooling
Updated: May 17, 2024, 14:07 EDT | 2 min read
In the recent surge of Solana meme coins, ETF Token (ETF) has seen a remarkable increase of +207% in just 24 hours, attracting significant interest in crypto ETFs.
This article will analyze ETF’s current price trends and explore whether a new and innovative meme coin, Dogeverse, presents a more promising investment opportunity in the Solana meme coin market.
ETF Token generated tremendous excitement in the market a few days ago with a prelaunch marketing campaign for an ETF token airdrop. Now that these tokens are in circulation, ETF’s price growth appears to be on an upward trajectory.
ETF Price Analysis: As a New Solana Meme Coin Gains Relevance, Could the Next Upcoming Launch Be the Next Big Thing?
With the price action continuously trending upwards, ETF Token is currently trading at a market price of $0.00134, reflecting a 24-hour change of +202%.
This surge began around 12:30 UTC on May 16, with eight consecutive green hourly candles that injected life into the chart. The initial surge paused at resistance around $0.0013 and briefly consolidated above lower support at $0.0008.
However, bulls successfully defended this level, setting the stage for a second rally that has pushed ETF’s price up by an additional +48% to a local high of $0.0014.
While the price remains high, attention is now turning to ETF’s market cap, which has surged over $1 million to reach $1.3 million in just a few hours. This increase has created the potential for a 5-10x leap in the coming hours.
Furthermore, buy pressure currently holds a moderate degree of dominance, with taker buys accounting for 53% in the past hour.
However, as price action appears to be extended to some extent, analysts are shifting their focus to the recent DOGEVERSE presale launch.
This presale gained viral success in the crypto community throughout April and is now poised for major tier-1 CEX listings.
Next Coin to Rise: Dogeverse – Over $15 Million Raised in Viral Meme Coin Presale
While Dogecoin enjoys the spotlight of fleeting Tesla support, the Dogeverse presale continues to gain momentum.
Recent statistics show that the project has raised over $15 million, and considering recent trends, this may just be the beginning of an upward trend.
Dogeverse offers superior features compared to Dogecoin. Most notably, it is the first multichain meme coin and will be deployed on platforms such as Ethereum, BNB Chain, Polygon, Solana, Avalanche, and Base.
Additionally, unlike Dogecoin, Dogeverse supports staking, allowing presale investors to diversify their income streams through passive gains and decent DOGEVERSE yields.
Buy DOGEVERSE Here
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Disclaimer: Cryptocurrency is a high-risk asset class. This article is provided for informational purposes only and does not constitute investment advice. There is a possibility of losing all of your capital.