'Shiba Inu Of Solana' Myro Prints 250% Weekly Gain: Trader Predicts 'It's Gonna Go Parabolic'
Portfolio Pulse from Khyathi Dalal
Myro, dubbed as 'Shiba Inu of Solana', has seen a 248.5% weekly gain, reaching a new all-time high of $0.4185. The surge is attributed to listings on multiple exchanges including HTX Global, Crypto.com, Gate.io, Kucoin.com, WOO X, and Binance Futures. Trading volume exceeded $400 million in the past 24 hours, significantly outpacing other memecoins. Market cap has increased by 46% since the start of 2024, now over $330 million. Predictions suggest Myro could reach a market cap in the billions.
March 06, 2024 | 5:52 pm
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NEUTRAL IMPACT
While Myro has seen significant gains and predictions of reaching a billion-dollar market cap, it is still far behind Shiba Inu (SHIB), which has a market cap close to $20 billion.
Myro's recent performance and bullish outlook are noteworthy, but when compared to Shiba Inu's established market cap and presence in the crypto market, the impact on SHIBUSD is likely neutral in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Myro has experienced a significant weekly gain of 248.5%, reaching a new all-time high. It's been listed on several major exchanges, leading to a trading volume of over $400 million in the past 24 hours. The market cap has surged 46% since the start of 2024, now standing over $330 million.
The significant weekly gain and new all-time high for Myro, coupled with its listing on multiple major exchanges, have greatly increased its visibility and trading volume. This, along with bullish predictions from notable crypto traders, suggests a positive short-term impact on its price.
CONFIDENCE 90
IMPORTANCE 95
RELEVANCE 100