MYRO Price Records New All-Time High
The Myro price has jumped 45% in the last 24 hours, leading to a 755% cumulative monthly gain. As of 3:10 a.m. EST time, the Solana-based meme coin trades for $0.2073.
With just 14,692 holders, Myro has outperformed its peer meme coin, Bonk Inu (BONK), which is down 5%.
Interesting Facts About MYRO
Top ten MYRO holders own about 26% of the token supply. The top 50 holders control around 49% of MYROβs $194 million market capitalization.
The rise in Myro price has seen MYRO flip BABYDOGE, the renowned Binance Smart Chain (BSC) meme coin.
Myro Price Outlook
After a 755% surge on the month, the Myro price could still have more upside potential.
Increased buying pressure could see the Myro price extend the gains to reclaim the range high of $0.2198, and even reach the $0.2500 level.
Converse Case
Considering the RSI is already in the overbought territory at 78, investors looking to take new long positions should exercise caution. Wait the rally out and capitalize on a pullback or correction.
Myro price could descend if a correction comes, instigated by profit booking, pushing it to the $0.1523 support.
Promising Alternative To MYRO
Sponge V2 features among analystsβ top picks for meme coins expected to rally. Investors looking to buy SPONGE V2 must purchase the V1 version and stake them in the bridging contract.
Stakers are now enjoying annual percentage yields (APY) as high as 306%, with over 5.277 billion SPONGE tokens staked already.
Hot Take
As Solana meme coins like BONK, MYRO, and Dogwifhat (WIF) have had huge price increases, analysts are looking to Sponge V2 as a new token that may be the next to explode.
Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies.Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.
