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Elon Coin Surges 229 Times in a Single Night as Investors Shift to New Multi-Chain Meme Cryptocurrency
In the latest surge of meme coins, focus has shifted back to ERC-20 tokens as the Elon Musk-inspired coin, ELON, experienced a remarkable increase of 229 times in value overnight.
This article will analyze ELON’s current price movements and assess whether a new meme coin, Dogeverse, presents a more attractive investment opportunity at this moment.
ELON Price Analysis: How High Will the Latest Elon Musk-Inspired Meme Coin Rise?
As price action continues to challenge upside resistance in a sustained rally, the ELON token is presently trading at a market price of $0.0000398 (indicating a 24-hour change of +68.35%).
This follows Elon Musk’s launch on Uniswap V2 DEX markets around 8 AM UTC on April 24, which gained significant traction in the initial hours, reaching an initial all-time high of $0.000036.
However, a well-supported consolidation phase lasting 16 hours allowed ELON’s price to maintain support between $0.00001 and $0.00004, paving the way for a subsequent rally.
Currently, in an ongoing movement, the ELON price has advanced to higher resistance after achieving a new all-time high of $0.000052 – setting the stage for further increases.
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With a substantial market cap of $25 million, this represents a critical juncture for the ELON token – will it ascend to the nine-figure market cap tier, or is a decline imminent?
Some insights can be gleaned from the order books, where buy pressure remains robust, accounting for 55% of transactions in the past hour.
However, for retail investors looking to enter early and maximize gains, presales present significantly more lucrative investment opportunities.
One DOGE to Rule Them All? New Multi-Chain Crypto Dogeverse Aims to Facilitate Dogcoin Trading Across Chains
Dog-themed meme coins are thriving in the 2024 crypto landscape, and a new initiative – Dogeverse (DOGEVERSE) – is gaining traction with a distinctive offering: enabling cross-chain dog-coin trading.
This concept, which aligns with the trend towards cross-chain ecosystems, has evidently sparked enthusiasm among retail traders – with the ongoing Dogeverse presale now exceeding $10 million raised.
Imagine seamlessly transferring your meme assets across Ethereum, Avalanche, BASE, Solana, and BSC—Dogeverse aims to provide just that, offering significant upside potential for the emerging meme ecosystem.
The developers of Dogeverse believe that this strategy democratizes access, allowing anyone to acquire the coin, thereby accelerating growth and establishing a presence in the crypto market.
Considering market dynamics, the sought-after Dogeverse presale is likely to benefit substantially as more users seek out promising meme coins.
Proponents suggest Dogeverse could follow in the footsteps of BONK and BOME, achieving a $1 billion market cap in the upcoming weeks.
Stay informed about the next surge – follow Dogeverse on X for the latest updates and engage with the presale community on Telegram.
Join The DOGEVERSE Presale Here
The post Elon Coin Skyrockets 229x Overnight and Now Capital is Moving to This Fresh Multi-Chain Meme Coin appeared first on Cryptonews.
