As low cap Solana meme coins continue to play host to seismic pumps, SOLCAT price has undertaken a +8,759% rally, and now this other low cap meme coin could be set to explode.
This article will provide an analysis of SOLCAT’s current price trends and look to see whether a new meme coin, DOGE20, represents a more promising investment opportunity at this time.
Solamb’s third friends solcat is coming! Have a fun solo life with a cute cat. Meow
(SOL) $SOLCAT
CA: 75v9ZxZ1Rh271dvCoaXyHBX1MtxP6HBaLbRdgbSuGyvV#solcat #solamb #solana #solpeng #solambkingdom #solambfriends pic.twitter.com/3t5rpVEzt5
— Solamb_solana (@Solamb_OnSolana) March 20, 2024
SOLCAT appears to be the third coin released as part of the growing Solamb ecosystem, which has seen several animal-themed Solana meme coins released in recent weeks.
SOLCAT Price Analysis: As SOLCAT Forms Bullish Pennant Pattern – Can Rally Post Second Leg?
With price action in an ongoing test with localized resistance, SOLCAT is currently trading at a market price of $200 (representing a 24-hour change of 10,277%).
This comes after SOLCAT launched at 15:00PM (UTC) on March 20, in a DEX launch that saw almost immediate traction.
An initial +231% move in the opening hour caught the attention of eagle-eyed DEX traders over the subsequent hours, with price action launching a further +175% after SOLCAT established a lower support zone between $142 and $187.
SOLCAT hit an all-time high at $425 around 19:00 amid influxes of more than $1.12m in trading volume.
However, with early entrants sitting atop more than a +10,000% gain, a localized sell-off triggered retracement moves, which have so far seen SOLCAT tumble -67%.
Yet, all is not over yet, as well-defended consolidation down at lower support above $142 throughout the early hours has now set the stage for a potential second rally leg.
Indeed, with a market cap still sat relatively low at $197k, it seems likely that SOLCAT could undertake an easy 10x move from here in line with other low cap Solana meme coins.
But while SOLCAT fights to break out of retracement, a new meme coin presale is making waves across the crypto community as it hammers up to $4.59m raised.
Don’t Miss The Next Moon-Shot – Dogecoin20 Presale Has Almost Raised $5M in 3 Days
As meme coin trading activity returns to ERC-20, investors are flocking to a viral presale for new meme coin DOGECOIN20 – with funding hammering up to almost $5m raised in less than a week.
As the presale continues to snowball, witness the birth of a new 100x meme coin icon as Dogecoin20 appears poised to be the next major skyrocket.
A replica play on the biggest meme coin, Dogecoin (DOGE), retail investors are betting big on the opportunity to buy the next DOGE at just 0.0001% of Dogecoin’s market cap.
LFG!!!
Another insane milestone for #DOGE20!
Raising over $4.5 Million!
Can this day get any better?
Hmm… Only if we hit $5M! pic.twitter.com/kGIpWkHYqj
— Dogecoin20 (@DOGE_COIN20) March 21, 2024
Indeed, if DOGECOIN20 replicates just 1% of Dogecoin’s success, and hits a $192M market cap – investors could be sat atop a 50x return.
Revolutionizing Meme Coins: Dogecoin20, is already making headlines across the crypto industry. With the presale skyrocketing towards $5m raised in its first week of presale, this innovative token pays homage to the original meme coin while laying the foundation for the next generation of moon-boys.
Innovative Tokenomics: Dogecoin20 isn’t just another meme coin; it’s a powerhouse of innovation. Featuring a capped supply and an ingenious high yielding staking mechanism, this token rewards active participation and shields against inflation, setting a new standard for meme coins everywhere.
Mission & Roadmap: More than just a token, Dogecoin20 embodies the ethos of “Do Only Good Everyday.” With a roadmap focused on charity, community support, and real-world impact, this project aims to redefine the crypto landscape and pave the way for a brighter, more inclusive future.
Join the Revolution: Be part of something special. Follow Dogecoin20’s journey on X or join their Telegram for the latest updates. Ready to dive in? Visit their website to acquire and stake tokens today!
Don’t miss out on the next big thing in crypto—join the Dogecoin20 revolution now!
The post SOLCAT Rallies 10,000% and This Other Low Cap Meme Coin Could Explode Next appeared first on Cryptonews.
