Solana meme coin markets remain explosive despite the crypto market downturn, and now Elawn Moosk token is the latest Elon Musk-themed token to explode.
This article will provide an analysis of MOOSK’s current price trends and look to see whether an innovative multi-chain meme coin, Dogeverse, represents a more promising investment opportunity at this time.
Tings er moobing fest!!! 🚀$MOOSK @elawnmoosk_sol pic.twitter.com/wH9eAIv9nm
— McJoker (@mcJoker_05) April 16, 2024
Elon Musk tokens are common moon-shots across all blockchains, with retail investors drawn to the meme-laden potential of the prominent CEO.
MOOSK Price Analysis: As Elon Musk-Themed Solana Meme Coin Explodes – How High Will It Pump?
As price action recovers from the localized retracement, Elawn Moosk is currently trading at a market price of $0.0041 (representing a 24-hour change of +302%).
Elawn Moosk token launched at 21:00 UTC on April 15, against a tough macro environment across the financial industry – this saw relatively modest initial traction – with MOOSK price trading in a 3,500% range in the first 36 hours of trading.
Price action here saw strong lower support established beneath resistance at $0.0015, however, at 2 AM UTC on April 17 – everything changed – as a huge wave of more than $9.5m in trading volume swept into the chart.
Subsequently, MOOSK price smashed through local resistance to mount a further +680% climb across 6-hours – hitting an all-time high at $0.0078 around 7 AM on April 17.
Yet, with early backers standing atop whopping +26,896% gains, retracement seemed inevitable, and a localized sell-off saw price action retrace -60%.
But all is not lost just yet, as 3.64k holders sustain an impressive defense of support at $0.003 – potentially priming price action for another rally leg amid 58% buy pressure in transactions over the past hour.
Yet, with a nearly $5m market cap – some consider this entry to be too late to invest – and this is fuelling retail investor participation in the Dogeverse presale.
All Eyes On The Dogeverse: Multichain Crypto Presale Hammers Multi-Million Raise – Here’s Why
With AVAX meme coins in focus and bears pressing on, more investors are training their eyes on Dogeverse (DOGEVERSE).
The multi-chain meme coin is rapidly gaining traction, raising over $5 million in its ongoing presale – available on AVAX.
DOGEVERSE will operate on Ethereum, Polygon, BNB Chain, Solana, Avalanche, and Base, a multichain feature that supporters will drive prices in 2024.
🌌 Born from a collapsing supernova’s dust, #Cosmo, a unique #DOGE, leaps across #Blockchains.
Embodying freedom and exploration in the crypto-verse. 🚀💫
As the $DOGEVERSE ambassador, Cosmo beckons unity and creativity, inviting all to explore the vast #Crypto universe. 🌐🌟 pic.twitter.com/Foacph4oFs
— DogeVerse (@The_DogeVerse) April 17, 2024
Moreover, holders cite DOGEVERSE’s capped supply of 200 million combined with staking as attractive attributes.
These features will likely create a supply squeeze, progressively lifting prices over time – in addition to viral traction from being the first omnichain Dogecoin.
Get in now for an early-bird advantage.
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.
This news is republished from another source. You can check the original article here
