Elon Musk-Themed Meme Coin Skyrockets 26,896% on Solana, as Another Hidden Meme Coin Hits $5.5M
Solana meme coin markets remain explosive despite the crypto market downturn, and now Elawn Moosk token is the latest Elon Musk-themed token to explode.
This article will provide an analysis of MOOSK’s current price trends and look to see whether an innovative multi-chain meme coin, Dogeverse, represents a more promising investment opportunity at this time.
Tings er moobing fest!!! $MOOSK @elawnmoosk_sol pic.twitter.com/wH9eAIv9nm
— McJoker (@mcJoker_05) April 16, 2024
Elon Musk tokens are common moon-shots across all blockchains, with retail investors drawn to the meme-laden potential of the prominent CEO.
MOOSK Price Analysis: As Elon Musk-Themed Solana Meme Coin Explodes – How High Will It Pump?
As price action recovers from the localized retracement, Elawn Moosk is currently trading at a market price of $0.0041 (representing a 24-hour change of +302%).
Elawn Moosk token launched at 21:00 UTC on April 15, against a tough macro environment across the financial industry – this saw relatively modest initial traction – with MOOSK price trading in a 3,500% range in the first 36 hours of trading.
Price action here saw strong lower support established beneath resistance at $0.0015, however, at 2 AM UTC on April 17 – everything changed – as a huge wave of more than $9.5m in trading volume swept into the chart.
Subsequently, MOOSK price smashed through local resistance to mount a further +680% climb across 6-hours – hitting an all-time high at $0.0078 around 7 AM on April 17.
Yet, with early backers standing atop whopping +26,896% gains, retracement seemed inevitable, and a localized sell-off saw price action retrace -60%.
But all is not lost just yet, as 3.64k holders sustain an impressive defense of support at $0.003 – potentially priming price action for another rally leg amid 58% buy pressure in transactions over the past hour.
Yet, with a nearly $5m market cap – some consider this entry to be too late to invest – and this is fuelling retail investor participation in the Dogeverse presale.
All Eyes On The Dogeverse: Multichain Crypto Presale Hammers Multi-Million Raise – Here’s Why
With AVAX meme coins in focus and bears pressing on, more investors are training their eyes on Dogeverse (DOGEVERSE).
The multi-chain meme coin is rapidly gaining traction, raising over $5 million in its ongoing presale – available on AVAX.
DOGEVERSE will operate on Ethereum, Polygon, BNB Chain, Solana, Avalanche, and Base, a multichain feature that supporters will drive prices in 2024.
Born from a collapsing supernova’s dust, #Cosmo, a unique #DOGE, leaps across #Blockchains.
Embodying freedom and exploration in the crypto-verse.
As the $DOGEVERSE ambassador, Cosmo beckons unity and creativity, inviting all to explore the vast #Crypto universe. pic.twitter.com/Foacph4oFs
— DogeVerse (@The_DogeVerse) April 17, 2024
Moreover, holders cite DOGEVERSE’s capped supply of 200 million combined with staking as attractive attributes.
These features will likely create a supply squeeze, progressively lifting prices over time – in addition to viral traction from being the first omnichain Dogecoin.
Get in now for an early-bird advantage.
The post Elon Musk-Themed Meme Coin Skyrockets 26,896% on Solana, as Another Hidden Meme Coin Hits $5.5M appeared first on Cryptonews.