Bitcoin’s post-Halving slump is affecting Solana meme coin traders, but a new token called Sad Hamster, based on a viral meme, has seen its price explode overnight. The Sad Hamster token is gaining traction in the Solana meme coin market, with some investors classifying it as a ‘Cat Token’. Analysts note the potential for meme value in Sad Hamster, teasing the possibility of it becoming the first $1 billion market cap rodent coin on the market. The token is currently trading at $0.02 with a 24-hour change of +475%, having climbed +1,432% and establishing a new all-time high at $0.03.
As Sad Hamster experiences a minor retracement, its price may need to touch down to $0.015 to cool off an over-heated RSI. The order book shows declining momentum with 36% buy pressure in transactions over the last 6 hours, signaling a possible stall in the rally. While the MACD indicator shows a minor bullish signal, further retracement could be likely. However, with the support of its growing army of holders, there is potential for upside to resume, as Sad Hamster now stands at a $20 million market cap. The token faces a make-or-break moment in the Solana meme coin market, potentially ascending to $100 million market cap status or declining back to $1 million.
In the midst of the Sad Hamster price analysis, retail investors are turning their attention to a more compelling opportunity in the viral DOGEVERSE presale. DOGEVERSE is a new multi-chain dog-themed meme coin project that has raised over $12 million in its presale. The project is deploying its presale across multiple chains, including Ethereum, Avalanche, Base, and Solana, democratizing access for anyone to acquire the coin and potentially turbocharging growth across the crypto market. Supporters believe DOGEVERSE could reach a $1 billion market cap in the coming weeks, with the presale generating significant interest among users seeking potent meme coins.
The DOGEVERSE presale is expected to benefit from increasing interest in meme coins, following the successes of other projects like BONK and BOME. As more users flock to acquire the coin, the project is poised to become a force in the crypto market. Retail investors are encouraged to follow DOGEVERSE on X and connect with the presale community on Telegram to stay updated on the latest news and developments. It is important to note that cryptocurrency is a high-risk asset class, and this information is provided for informational purposes only, and does not constitute investment advice. Investors could potentially lose all of their capital.
