Bitcoin Forum

MYRO, a Solana based memecoin, recently saw a huge price jump, going up over 70% in just 24 hours to $0.088 from $0.051.
Although, it had previously reached an all-time high price of $0.25 before dropping down to around $0.05. But new interest and speculation seem to have caused MYRO to suddenly skyrocket, surprising most traders and investors.
https://i.ibb.co/BrnnqVC/SAVE-20240204-200628.jpg (https://imgbb.com/)
We all know this kind of fast price movement shows the high volatility in cryptocurrency markets.
While these big price jumps excite speculators, the unpredictable changes might also bring considerable risks. My question is, is it certain if MYRO can stay at these high price levels? As the latest price explosion has caught the attention of some crypto communities. Or should we anticipate similar price movement from another project?

Well, its $0.084 now and I dont see a good reason why this coin being pumped again.
Im afraid it might be "a denial phase" where the price rising before it goes down lower than $0.05.
I dont say this token is bad, just be sharp with any meme token like this.

Yeah, we can't say any token is bad because we can't really predict cryptocurrencies perfectly so far there is an active team behind it. There was also a lot of negative opinions on $BONK during it first correction before going more than 10x of it previous all time high. So, I think its better to be sharp as you have said.

I can still remember buying MYRO on Bitget back in late Nov upon it listing at about 0.025 sold it at around 0.15. I am still observing it's price action to dive in again and this could just be a pull back for a potential dip that could provide another good entry price.

The platform tends to spot high-quality memes before they become mainstream. I'll be keeping an eye on their recent listings, hoping to discover the next MYRO or PONKE.

Price spikes are a common thing that happens in the market.  especially in cryptocurrencies, absolutly the price movements are very crazy.  I think this is a new memecoin, so the price movement that just happened can't indicate that the coin is worth it.  I think you should wait a while to see what will happen.  I think It's just a minor trend.  Working with new coins we have to be more careful because we cannot yet validate the history of the curve, making it difficult for us to see clearly.

Yeah, couple of times I have discussed about them and the reasons why I usually use them to buy most tokens after Binance. Although Meme coin is something I won't advise holding for a long term, I can say they're good for the short term. There's one I saw, PORK. Did a few increases after its listing with a good percentage rise too. Now, another thing about meme coins is to get in when the price increase hasn't surged. If not, you will be the sell-out liquidity to those who are early in the game.

This is why I buy memecoins very early. Also, this kind of sell off situations happens mostly on ETH network but seems solana is now joining the gang. Although I see Myro is different from most memecoins but as you've it's better to get in earky and as someone said earlier, it's good also better to be sharp. Anyways, I see there has been some retrace so far. I will still keep my eye on it..

just be careful that it might be the same as mockjup dumping when it peaked but for those that have invested early savour your profit because i think in solana meme coin have tendency to dump after reaching certain heights, i wonder whats the next big thing in solana too maybe its gonna be another defi making appearance, the jup success was recently motivated so many devs to build their own defi in the ecosystem added with this MYRO pumping I guess people are excited to deploy their new project there maybe in few weeks we gonna see so many projects appearing in solana again.
kinda crazy that solana blockchain size now increasing in size so significantly because the appearance of these projects and they succeed big time.

what do you expect from memecoin.
Not everyone will become the top memecoin, especially if there is already a top one on the network. Currently, on Solana, Bonk is the top memecoin, I think this is the work of individuals or groups who want to pump these coins.

It seems like it's too late to get in because the coins are already pumping, it's time to look for other opportunities.
I think for someone who is used to trading in memecoin he would say that right.
but for those who are not used to it, usually they will still buy it.

I started watching Myro at 20 cents over a week ago and it crashed all the way down to 4 cents last week.

I got in at 5 cents and hoping to get a 10x out of it before the Bitcoin halving - if it goes to zero then so be it I only gambled small amount but feel it was work the risk at 5 cents

Not just from memes, ecosystem on SOL are being pumped with excitement and hype, JTO is up over 100% after airdrop, and what about JUP? it seems like those are convincing enough reasons for pumping the SOL ecosystem for the next alt cycle. Right now, it's “the Solana network is temporarity down” lol, I'm even researching a few projects on sol.

I'm watching JUP myself, got some during the gleam campaign organized by Bitget and I'm thinking I'll hold it for a while. Let's see how it goes..

well, another memecoin that will go up in the bull market. it's insane that new memecoin are listed on big exchanges while the old ones in ADA are not.
anyway so much memecoin already flooding the market and if this is what the regular people are buying which are memecoins, they seriously are in trouble if they keep holding thinking this is like BTC.

Anyone buying Myro currently?

It is still only a £200m market cap and pretty much all of its supply in circulation so think it can do really well this bull run.

I think it will reach £2 at least which is still a 10x from current price.

I don't think I will risk my money on this myro project, because the project look like what will going to disappear from the market soon and the way it was pumping before, and it make me to understand how those memecoins project use to start to attract customers from the market.

Like those first customers that invest their money on myro project , they will going to make profits from it, if they can sell quickly when the price hit higher to draw the attention of new customers that are about to put their money on myro project and they will not get want they want from the project.

I will still watch the myro project this week, to see how far the project will going to stay before I will show interest to use small money to buy and hodl for short period of time.