With the crypto market recovering, meme cash equivalent to PEPE, WIF, BONK, and MYRO are all again within the highlight as they make their manner towards new all-time highs. Amid the seek for the following large factor, MYRO is presenting as the obvious choice for a large run-up, particularly as others have grow to be billion-dollar cash.
MYRO Takes Buyers By Storm
Because the meme coin frenzy continues, with a number of meme cash rallying greater than 300% in a matter of days, MYRO has crept up from the shadows to take the market unexpectedly. The meme coin, which was launched final 12 months on the Solana blockchain, had a rollercoaster month, that ultimately noticed it rise above $200 million, garnering help from crypto buyers far and huge.
Nonetheless, the principle shock got here on Tuesday when Binance introduced it might be itemizing the meme coin on its futures buying and selling platform. This information triggered a large enhance within the value of the meme coin earlier than being derailed by the market crash on Tuesday. However, the coin has since recovered and has gone on to make a brand new all-time excessive.
Within the final day alone, MYRO has risen greater than 42% to cross $0.4, resulting in a brand new all-time excessive market cap above $400 million. However regardless of this rally, it continues to lag behind the likes of WIF and BONK, each of which at the moment boast giant market caps within the billions.
Since each meme coin listed by Binance on its Futures platform has crossed the $1 billion market cap mark, expectations are that it’s a matter of when, not if, MYRO will get to $1 billion. Going by the timeline of different meme cash on Binance, it might take a number of months. Nonetheless, it must be stored in thoughts that MYRO was launched in a bull market. As such, the timeline to succeed in $1 billion might be significantly shorter.
PEPE, WIF, And BONK All Above $1 Billion
The months of February after which March have been fascinating for meme cash. Throughout this time, the likes of PEPE, WIF, and BONK all noticed their market caps rise above $1 billion. Curiously, all of those meme cash would hit this milestone all inside every week of each other.
WIF, specifically, has seen an fascinating trajectory. In three weeks, the meme coin went from a $300 million market cap to over $2 billion on the time of writing. This interprets to an over 600% enhance in its value throughout this time.
Much like WIF, the PEPE trajectory has been spectacular, rising over 700% in a single month. Its market cap has now reached $3.2 billion as of the time of writing. Whereas BONK has risen nearly 300% in the identical time interval to additionally attain the identical $3.2 billion mark.
Given the optimistic headwinds, MYRO appears to be like primed to affix the ranks of those meme cash. It’s at the moment solely a 200% transfer away from reaching the $1 billion goal.
