New ELONWIF Token, Inspired by Elon Musk, Gains Momentum; Next Coin to Watch
By Sam Cooling
Updated: April 29, 2024, 09:34 EDT
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Reading Time: 2 minutes
The Solana meme coin market shows no signs of slowing down, with the ELONWIF price analysis highlighting the latest token inspired by Elon Musk that has exploded in popularity. However, experts believe that another coin, Dogeverse, could be the next to skyrocket.
This article will analyze the current price trends of ELONWIF and explore whether the innovative multi-chain meme coin Dogeverse presents a more promising investment opportunity.
ELONWIF gained significant attention after developers combined the viral nature of Elon Musk with the rising popularity of the Solana meme coin DogWifHat (WIF).
ELONWIF Price Analysis: Can the New Elon Musk-Themed Solana Meme Coin Sustain Its Skyrocket Rally?
As the price continues to surge, the ELONWIF token is currently trading at $0.061, marking a 24-hour change of +27,893%.
This surge occurred after the ELONWIF token experienced a sudden increase in trading volume, surpassing $345k at around 14:00 UTC on April 28.
Retail traders showed great interest in ELONWIF, leading to a rapid increase of +26,153% within the first three hours, reaching an initial high of $0.049 at 01:00 on April 29.
After these substantial gains, early traders took profits, causing a brief retracement to lower support at $0.024.
However, more than 1,300 holders defended the price, resulting in ELONWIF breaking out of consolidation this morning. The ongoing second rally has achieved gains of +150% in the past three hours.
Currently, ELONWIF is trading at a new all-time high of around $0.62. However, price analysts point out that the inflated market cap of $6.2m makes it less appealing for late-stage investors.
For this reason, smart money investors are looking ahead to the next potential skyrocket launch by investing in the Dogeverse presale, a multi-chain project.
Don’t Miss Your Chance to Ride the Next Skyrocket Rally – Invest in the Dogeverse Presale, Which Has Already Raised $12m and is Going Viral
Known as the “chain traveling Doge,” Dogeverse offers multi-chain functionality across major networks like Ethereum, BNB Chain, and Solana. This versatility positions it as a strong contender in the meme coin arena.
The project’s structure and potential for high returns, including an impressive +582% APY return for stakers, highlight its ambitious roadmap.
High APY staking has gained popularity recently, and Dogeverse aims to capture the spotlight in this regard.
Beyond its playful nature, Dogeverse provides real utility by offering seamless integration across different blockchain environments. This not only enhances accessibility but also adds convenience for investors.
Click here to participate in the Dogeverse presale.
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Disclaimer: Cryptocurrency is a high-risk asset class. This article is for informational purposes only and does not constitute investment advice. There is a possibility of losing all your capital.
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ELONWIF Token, Inspired by Elon Musk, Gains Popularity, Experts Identify Next Promising Coin
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