Solana Meme Coin HAMMY Sees Price Surge, Analysts Predict This Coin May Follow

Bitcoin’s post-Halving downturn has left traders of Solana meme coins feeling disheartened, and in a reflection of this sentiment, a new rodent-themed token called Sad Hamster has experienced a significant surge in HAMMY price overnight.

This article aims to analyze the current price movements of HAMMY and explore whether an alternative option, DOGEVERSE, offers a more attractive investment opportunity at this moment.

Sad Hamster has become a viral meme that has gained substantial popularity within the Solana meme coin sector.

I tried to tell you at 400K

I’m telling you again here at 10m $Hammy is the single most viral meme in 2024

All you need to realise this is ask any normie if they recognise the hamster, do it right now. pic.twitter.com/72Zcy4kRtr

— trap (@itrapwell) May 2, 2024

Retail investors have categorized HAMMY as a ‘Cat Token’, and interestingly, some analysts have noted the additional meme value potential in this emerging phenomenon – suggesting the possibility of the first $1Bn market cap cat-coin being… a hamster.

HAMMY Price Analysis: Can Sad Hamster Token Become First $1Bn Rodent Coin on Solana Meme Coin Market?

As price movements maintain a technical rally structure, Sad Hamster is presently trading at a market price of $0.02 (indicating a 24-hour change of +475%).

The Sad Hamster token surged from a capitulative low at 11 AM UTC on May 2, entering a steadily gaining rally that has established an appealing rally structure.

To date, HAMMY Price has increased by +1,432%, reaching a new all-time high of $0.03.

Currently experiencing a minor localized retracement, Sad Hamster is working to establish support for further upward movements above the lower support level at $0.015.

With the HAMMY price positioned within a strong upward trading channel, it appears that this rally may risk stalling here, particularly when examining the order book – which shows diminishing momentum amid 36% buy pressure in transactions over the past 6 hours.

This is mirrored in transient bullish sentiment on the MACD – although it is important to note that this key momentum indicator continues to reflect a minor bullish signal (0.00058).

Indeed, further retracement could be probable here – with HAMMY’s price needing to dip to $0.015 to alleviate an overheated RSI (currently indicating bearish overbought divergence at 60).

However, if this adjustment is managed with a successful defense from HAMMY’s growing base of 2,940 holders, it seems feasible that upward movement will continue.

After all, with HAMMY now boasting a substantial $20M market cap (mcap), Sad Hamster is at a critical juncture in the Solana meme coin market – which will either propel it to a $100M+ mcap status or see it decline back to a $1m mcap once again.

For retail investors deterred by this all-or-nothing risk, many are redirecting their focus to a more appealing opportunity in the viral DOGEVERSE presale.

Meet Dogeverse: The Unification of DOGE Cross-Chain – Potential 100x Play?

Dogeverse (DOGEVERSE) is a new multi-chain dog-themed meme coin initiative with an active presale that has currently raised over $12m.

This meme coin is launching its highly anticipated presale across various chains, including Ethereum, Avalanche, Base, and Solana.

The project’s developer stated that this strategy democratizes access, allowing anyone to acquire the coin, thereby accelerating growth – establishing itself as a significant player in the crypto market.

Considering the current market dynamics, the sought-after Dogeverse presale is likely to gain substantial advantages as more users seek out powerful meme coins.

Proponents assert that Dogeverse could follow in the footsteps of BONK and BOME, achieving a $1 billion market cap in the upcoming weeks.

Follow Dogeverse on X to stay updated and engage with the presale community on Telegram.

Buy Dogeverse Here

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