In a presidential election year, Donald Trump tokens are gaining traction on DEX markets. Recently, Solana’s new meme coin called “Super Trump” has seen a huge boom – jumping to the top of the meme markets.
This article will provide an analysis of the current price trends for SuperTrump and look to see if the new innovative cross-chain dog coin, DOGEVERSE, represents a more promising investment opportunity at this time.
🔥 Super Trump has just entered Solana Dextools hot pairs
Token: $STRUMP
Twitter: @supertrumpsolX
Dextool Tools: https://t.co/qzTfUCS0FX pic.twitter.com/yBWTkOvw3y— CryptoTrending (@DexBotOG) May 20, 2024
Super Trump went viral after appearing as a meme call among several popular encrypted communication channels.
Trump Super Price Analysis: US Presidential Election Fuels Trump Symbol’s Popularity in Solana Meme Coin Markets
As the price action struggles to maintain its position, Super Trump is currently trading at a market price of $0.0006, down about 41% over the past 24 hours.
The bounce action has eroded Super Trump’s rally since around 5pm (UTC) on May 20, with rapid selling from early investors after the price hit an all-time high of $0.0043 (an astonishing return of over 150,000% for early backers ).
Amid this sell-off, price action eased into a much-needed price correction, leaving Super Trump trading in an accumulation zone between $0.0005 and $0.0007.
So far, this level has been well defended by holders, with over 12 hours of consolidation now at these levels.
However, the Super Trump remains below the overall resistance from the downtrend, leaving holders targeting another 2-4 hours of consolidation before the downtrend is potentially invalidated.
However, beyond the perpetual value of a Trump-themed coin, there are strong reasons for optimism at these levels.
First, with early backers exiting due to the sell-off, Super Trump can now rise further organically without much risk of early backers taking profits.
Secondly, with the correction move leaving Super Trump at a less attractive market capitalization of around $150k – late stage retail capital could be attracted by a 10x winner if the previous price action is repeated again.
This is reflected in the increasing buying pressure in the order book, which amounted to 52.5% of transactions in the last hour.
But while coin holders are remaining silent, other investors are turning their attention to the soon-to-be-launched multi-chain Dogecoin project.
Find out the next Solana Meme coin to be minted in May 2024: DOGEVERSE
While Super Trump presents a high-risk opportunity, the biggest gains can be made through pre-sale opportunities, which position early investors able to capture the lion’s share of the project’s growth – just imagine investing in Super Trump before it hits the market and soars. 15 degrees. ,000%.
The portal is under maintenance so I had to improvise 🛠️ #Memecoins #Sol #Altcoins #Cryptomemes #Web3 #Hodl #Memes pic.twitter.com/VITzrcTZhs
— DogeVerse (@The_DogeVerse) May 21, 2024
One such opportunity in the SOL ecosystem is the DOGEVERSE presale – which has been very successful over the past two weeks to the tune of $15 million raised in the ongoing presale.
DOGEVERSE aims to be the first multi-chain incarnation of DOGE, and is positioned to grow rapidly as market participants race for a piece of the pie.
DOGEVERSE is still raising funds in the pre-sale and will start preparing for exchange listings very soon.
Buy Dogeverse here
Disclaimer: Cryptocurrencies are a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all your capital.