'Shiba Inu Of Solana' Myro Bites Off 31% One-Day Gain: 'God Candle Coming Soon,' Says Trader
Portfolio Pulse from Khyathi Dalal
Myro (CRYPTO: MYRO), dubbed the 'Shiba Inu of Solana', surged 31% in 24 hours, reaching a new all-time high of $0.4378 and a market cap over $400 million. This follows recent listings on Uphold and SunCrypto, and a positive outlook from analysts and traders. Comparatively, Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) saw gains of 8.5% and 2.5% respectively. Traders predict further significant growth for Myro, with technical analysis suggesting a potential rise to $2.17.
March 14, 2024 | 4:35 pm
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POSITIVE IMPACT
Dogecoin saw a single-day gain of 8.5%, amidst the broader context of Myro's surge and comparisons between the two.
Dogecoin's gain, while notable, is overshadowed by Myro's surge, but it still indicates positive market sentiment towards meme coins, potentially benefiting DOGE in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Myro surged 31% in 24 hours, reaching a new all-time high and a market cap over $400 million, following recent listings and positive trader outlooks.
The significant one-day gain and positive sentiment from traders and analysts, along with recent platform listings, suggest a strong short-term bullish outlook for Myro.
CONFIDENCE 90
IMPORTANCE 95
RELEVANCE 100
POSITIVE IMPACT
Shiba Inu experienced a 2.5% increase in value, in the context of Myro's significant gains and the overall performance of meme coins.
Shiba Inu's smaller gain compared to Myro's suggests a positive but more subdued market reaction. However, the overall interest in meme coins could still favor SHIB's short-term performance.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50