The latest Solana meme coin pump has seen the rapid rise in popularity of a Graph token spin-off called ‘SOLGraph’. This article analyzes the current price trends of GRAPH and assesses whether SOLGraph represents a promising investment opportunity. SOLGraph, which has actual utility as the settlement layer of a new SocialFi project on the Google App-store, is currently trading at a market price of $1.00 with a 24-hour change of -25%. The price has seen a retracement move, with price action struggling to consolidate above support levels between $0.90 and $1.
Launched on March 24, SOLGraph quickly gained traction, reaching an all-time high of $2.08 fueled by high trading volume. However, a retracement move has since brought the price down, leading to volatility in the chart. If the 2.32k GRAPH token holders can defend the support zone successfully, it could pave the way for further upside moves. With a market cap standing at $1.06m, late-stage investors may find a potential entry point with the possibility of a 5x gain in the short term. However, early entry remains key for larger rewards in Solana meme coin trading.
Investors are now turning to the Dogecoin20 presale, which has raised nearly $10 million in just four days, accelerating towards a sell-out. Dogecoin20 is positioned as a breakout meme coin with the potential for significant growth in the coming year. Developers have announced that DOGE20 coins will be claimable on 4/20 after a 3-week marketing campaign targeting the Bitcoin halving event. With the goal of replicating Dogecoin’s success, DOGECOIN20 could provide investors with a 50x return if it hits a $192 million market cap.
Revolutionizing meme coins, Dogecoin20 pays homage to the original meme coin while setting the stage for the next generation of meme coin enthusiasts. With innovative tokenomics including a capped supply and high-yielding staking mechanism, Dogecoin20 rewards active participation and offers protection against inflation, setting a new standard for meme coins. The project’s mission and roadmap focus on charity, community support, and real-world impact, aiming to redefine the crypto landscape and create a brighter future. Investors are encouraged to join the Dogecoin20 revolution on ERC-20 and can acquire and stake tokens on the project’s website.
As capital flows out of Solana meme coins, Dogecoin20 presents an opportunity for investors to be part of something special in the crypto space. The project has gained attention for its rapid fundraising and potential for significant growth. Investors are reminded that cryptocurrency is a high-risk asset class, and this article is for informational purposes only and does not constitute investment advice. There is a possibility of losing all invested capital, and caution is advised when participating in the volatile crypto market.
