In the latest Solana meme coin pump, the new token SHIB on Solana has exploded overnight.
This article will provide an analysis of SHIB on Solana’s current price trends and look to see whether an innovative new meme coin, PlayDoge, represents a more promising investment opportunity at this time.
Legendary entry opportunity on $SHIB on #SOLANA https://t.co/w8n4YHBNWx pic.twitter.com/0G5feXoO4u
— Gandalfcalls (@gandalfcalls) May 28, 2024
At the heart of this price explosion is continued traction and interest in dog-themed meme coins, which have emerged in recent months as favorites among Solana meme coin traders.
SHIB on Solana Price Analysis: As SHIB on Solana Fights For Second-Wind, is This Other Token Next to Explode?
As price action establishes an upward trajectory in consolidation, SHIB on Solana is currently trading at a market price of $0.00388 (representing a 24-hour change of +5,300%).
In its current stature, SHIB on Solana appears to be primed to reignite into a major breakout rally as a well-defended consolidation zone above lower support at $0.00275 flips the price back into a bullish trajectory.
This comes after rejection from a re-test of the recent all-time high at $0.013, a patch of resistance now targetted by bulls following the -77% tumble.
Indeed, at current levels – around a market capitalization of $2.87M – SHIB on Solana could offer as much as 5-10x returns on the near time frame.
But this depends on holders overcoming sell-pressure, and a quick glance at the order book shows this could be possible with buy-pressure pushing to 57% over the past hour.
However, for those traders seeking a more reliable return on their investments, an interesting opportunity is emerging in the PlayDoge presale.
Discover The Most Hyped GameFi Presale of 2024: PlayDoge – Delivering 90s Nostalgia to Meme Market
In a move sending a shockwave across the BSC chain, the PlayDoge presale has erupted with instant viral traction that has so far seen the presale surge to $250k raised in its first day.
Have you sat back watching Dogcoins explode across the market? Have you been waiting for a meme coin with genuine fun utility? Look no further than PlayDoge.
Introducing #PlayDoge – the only #P2E Doge companion!
Inspired by the legacy of #Tamagotchi, feed, train and play with your 2D Doge to earn $PLAY.
Don’t neglect your doge, his life’s on the line #Presale Now Live! pic.twitter.com/qV3WOdRTEo
— PlayDoge (@PlayDogeGame) May 28, 2024
In a Tamagotchi-style 2D crypto gaming experience, PlayDoge enables players to own and grow their very own Doge in a high-octane environment propelled by PlayDoge’s impressive P2E ecosystem (based around the PLAY token).
Imagine being amongst the first investors in a hugely popular meme coin with viral potential.
This is your chance – so don’t miss your opportunity to get in early at the start of a new skyrocket.
The post SHIB Explodes on Solana – Discover the Next Crypto Set to Go Viral appeared first on Cryptonews.
