Blockchain

Myro Price Prediction: MYRO Has Skyrocketed 3,354% In A Year, And Analysts Say These New Meme Coins Might Repeat That Feat In 2024

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The Myro price has pumped 34% in the last 24 hours to trade at $0.1353 as of 02:05 a.m. EST on trading volume that plunged 24% to $37 million.

The Myro price has surged an astounding 3,354% surge in the past year and it’s now the 10th biggest meme coin with a market capitalization of $136 million.

Myro Price Bullish Momentum And Breakout Patterns

MYROUSDT Chart Analysis. Source: Tradingview.com

The Myro price reveals a breakout beyond the consolidation phase, which extended throughout December 2023 and was marked by a fierce battle between bulls and bears vying for control. 

Despite the prolonged struggle, the robust support zone and a double-bottom pattern empowered the bulls, enabling the price to soar beyond expectations. The double bottom pattern serves as a signal for traders to augment their buying positions.

This breakout has successfully breached a crucial resistance level at $0.052, demonstrating the strength of the bulls. 

A subsequent retest of this level, which held steadfast, presented an ideal entry point for bullish investors, propelling the price even higher until it reached the $0.18 mark. However, at this point, the bulls encountered resistance, leading to a decline in the price.

Myro Price Remains Bullish, Bulls Target $0.3 Mark

The current price trend indicates positive short-to-medium-term momentum as it trades above the 50-day Simple Moving Average (SMA). To confirm a sustained bullish trend, the focus should now shift towards overcoming the challenge presented by the 200-day SMA, strengthening the long-term bullish sentiment.

The Relative Strength Index (RSI), a momentum oscillator, reveals a gradual uptrend above the midline level of 50, trading in the overbought region at 80, indicating intense buying pressure. 

Myro is experiencing general bullish momentum, driven by the breakout from the double-bottom pattern. 

The bulls aim for a potential climb towards the $0.3 mark by the end of January. However, if bears continue the corrective phase, there is a risk of a sell-off towards the protective support zone at $0.092.

As Myro sustains its upward movement, analysts recommend Sponge V2, Meme Kombat, and Wall Street Memes as being among the top meme coin candidates to emulate its performance this year.

Buy and Stake SPONGE For Bonus In V2 Tokens, Aiming For 100X 

Sponge V2 presents the opportunity to buy and stake $SPONGE through the provided widget, enabling you to receive a bonus in V2 tokens.

The success of Sponge V1 in attaining a market capitalization of $100 million with more than 13,000 holders on the platform has led to Sponge V2 aiming to achieve a 100X return on investment.

Sponge V1 also secured listings on over ten centralized exchanges, including LBank, Toobit, CoinW, BTCEX, and BitMart. 

Tron founder Justin Sun owns about $90,000 worth of $SPONGE, fueling buyer sentiment among investors and traders. That followed the announcement of his plans to trade meme coins and promising projects in May 2023,

You will be able to join the play-to-earn (P2E)  free and premium versions, which are to be launched soon. The premium version allows you to use $SPONGEV2 tokens to buy extra game credits, increasing your opportunities to earn additional $SPONGE.

The platform also offers the staking option to stake your acquired V1 token and access the new SPONGE V2 token, which will undergo automatic bridging. Over 4.7 million tokens have been deposited and staked in the bridging contract.

Jacob Bury, a crypto YouTuber with over 26K subscribers, explains in a recent video how you can acquire and benefit from its new staking features. He also predicts huge returns for SpongeV2 investors, and said he has bought $1,500 worth of the token.

To participate in the staking process, visit the official Sponge V2 website and link your digital wallet to swap your ETH or USDT for V2 tokens. You can also buy directly using your bank card.

Meme Kombat (MK) Presale Surpasses $6.8 Million

Another coin that analysts are super bullish about is Meme Kombat (MK).  Its presale has crossed $6.8 million as the project races to its targeted $8 million goal. Investors are rushing to fill their bags with MK tokens at a reduced rate of $0.279.

Meme Kombat is a cutting-edge gaming platform created for enthusiasts that offers rewards for active betting and passive staking. 

The platform uniquely merges GameFi with meme characters, enabling players to engage in battles featuring their favourite memes. Players stand to earn significant rewards if their selected characters emerge victorious.

You can participate in Season 1 of Kombat, where 11 memes compete. 

The Meme Kombat team is also working to ensure the timely completion of Meme Kombat NFTs. With their visually appealing design, these NFTs guarantee significant utility in MK Season 2, offering a distinctive fusion of art and functionality.

You also have the opportunity to stake your acquired MK tokens, which guarantees an impressive 178% annual percentage yield (APY). 

Austin Hilton, a crypto analyst and YouTuber, recently featured the Meme Kombat project, providing insights into purchasing and staking its tokens for lucrative returns.

To participate in the MK presale, visit the official Meme Kombat website, connect your Web 3 wallet, and exchange your ETH, USDT, or BNB for MK tokens.

Wall Street Memes Casino Sets WSM in 2024 Bullish Trajectory 

The price of Wall Street Memes (WSM) has climbed 0.48% in the last 24 hours, reaching $0.0145.

You can now join, enjoy a 200% bonus on signup, and be among the WSM casino players who have generated over $11  million in revenue by participating in over 5,000 games. 

The player base has expanded, surpassing the 100,000 mark, indicating the considerable potential for growth in crypto gambling with a combined $20,777 in revenue in the last 24 hours.

To buy WSM tokens, you can visit the official website here.

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