In the latest Solana meme coin skyrocket, Wally the Whale token has gone viral after posting 44,510% gains in 24 hours.
This article will provide an analysis of WALLY’s current price trends and look to see whether an innovative new meme coin, Dogecoin20, represents a more promising investment opportunity at this time.
$Wally LFG
— 𝗽𝗮𝘁𝘇𝗲𝘆 (@P4tz3y) April 3, 2024
Viral traction on Crypto X appears to have ignited Wally the Whale’s sensational run, with investors gravitating to the zeal of this Solana meme coin’s dynamic marine mascot.
WALLY Price Analysis: As Wally The Whale Explodes +44,510% – Could This Other Meme Coin Be Better?
As price action continues to hold strong, WALLY is currently trading at a market price of $0.00000216 (representing a 24-hour change of +44,510%).
This comes after WALLY launched at just 8 PM (UTC) on April 2, in a stunning DEX listing that garnered significant attention from eagle-eyed retail traders straight out of the gate.
Initial interest sparked a major rally move, with WALLY price ascending +10,000% in just 6 hours, however, this gave way to a localized retracement move around 3 AM UTC on April 3.
Well-defended consolidation saw double-bottomed support established at $0.0000004 – providing a new foundation for the price to launch off.
In the hours since WALLY has continued to climb – recently hitting a new all-time high at $0.0000029 around 14:00 UTC.
This dramatic move has been fuelled by a large-scale influx of retail volume, which stands at $6.56m over the past 24 hours.
Moreover, with price defending the new high well, and a market cap of just $2.38m – it seems likely that WALLY could undertake as much as a 5x move from current levels.
This is limited to a degree by risk stemming from WALLY’s modest unlocked liquidity pool, which offers limited trading at $190k.
For this reason, smart money investors are shifting their attention to a new meme coin, Dogecoin20, which could offer supercharged returns in the coming weeks.
DOGECOIN20 Set For Tier 1 CEX Listings on April 20 – Don’t Miss The Ultimate Bitcoin Halving Play
The recovery of meme coin markets in 2024 has sent a shockwave through the sector, and this resurgence is driving new interest in the skyrocket presale for new ERC-20 token Dogecoin20 – which currently offers early-bird advantage to retail investors seeking the next ultra-low market cap moon-shot.
Dogecoin20 is the latest member of the so-called ‘Dogecoin family of meme coins’ according to developers.
Yet, unlike DOGE, there is more utility to Dogecoin20 holders since they can stake and earn rewards for high APY returns – double bubble!
Additionally, Dogecoin20 attempts to differentiate itself from other meme coins by offering a capped supply and a staking mechanism, features not present in Dogecoin – this could incentivize long-term participation and address concerns about inflation.
However, the real show-stopping opportunity lies in Dogecoin20’s market cap (around $10m), which is just a fraction of Dogecoin’s $26.6 billion.
Imagine if Dogecoin20 repeated just 1% of Dogecoin’s success, that would mean a 30x return for presale investors – an easy target in bull market conditions.
And with upcoming tier-1 CEX listings, Dogecoin20 will likely capitalize on the “replica play” on DOGE and possibly attain the same viral success.
Dogecoin20 will launch on April 20, around 24 hours after the Bitcoin halving event.
Buy Dogecoin20 Here
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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