This Is Solana's New Dogcoin Superstar: From Zero To Over $100M Market Cap In 60 Days
Portfolio Pulse from Khyathi Dalal
Myro, a new dog-themed meme coin on the Solana blockchain, has seen a rapid increase in market capitalization, reaching over $116 million within 60 days of trading. It has experienced a 35% rise in the last 24 hours and a 101.2% increase over the past week. Myro's growth outpaces that of other Solana-based meme coins like BONK and WIF. Despite only being listed on smaller exchanges, its performance has sparked speculation about potential listings on larger platforms, which could further drive its price. Influencers on social media have expressed strong conviction in Myro's potential, with predictions of further increases in its market cap.
January 12, 2024 | 6:40 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Solana's ecosystem benefits from the success of Myro, a meme coin on its blockchain, which could lead to increased interest and investment in SOL.
The success of Myro, a meme coin built on the Solana blockchain, could lead to increased investor interest in Solana's native token, SOL. As Myro continues to gain market capitalization and attention, it may drive more traffic and transactions on the Solana network, potentially increasing the demand for SOL. However, the volatile nature of meme coins and the broader cryptocurrency market should be considered.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80