In the latest Solana meme coin pump, new token NEKO cat has exploded +7,100% in less than 24 hours.
This article will provide an analysis of NEKO’s current price trends and look to see whether an innovative multi-chain meme coin, Dogeverse, represents a more promising investment opportunity at this time.
I bought bit of $Neko
Impressed with some of their work.
I dont know if this can keep its momentum but bought abit due to some good thing they pulled off. Dyor. Afterall I only buy a small bag so dont fomo. pic.twitter.com/EdjThf3TKy
— Kakashi (@kkashi_yt) April 23, 2024
NEKO cat gained quick-fire traction in the crypto community amid rapid progress by its developer; however, after being hit with a Twitter account suspension – everything now lies in the balance.
NEKO Price Analysis: Will Neko Cat Token Accelerate Out of Consolidation?
Amid supportive price action, Neko Cat Token is currently trading at a market price of $0.000168 (representing a 24-hour change of +5,583%).
This comes after NEKO kicked off at 15:00 UTC on April 23, in an impressive listing that saw retail traders flock to the project.
An influx of $4.65m in trading volume saw NEKO hammer up +35,113% to hit an all-time high at $0.0017 at 20:00.
However, early backers with huge profits started selling off their positions, swiftly developing into a -91% sell-off move.
This has now left NEKO’s price in a strong consolidation pattern above bottom-level support at $0.00014.
Yet, with Neko Cat’s market cap sitting low at $181k, there is now an opportunity for upside to resume, with the mcap suggesting a potential 5-10x entry for fresh retail investors.
However, with NEKO’s X account now suspended, it seems questionable whether this will materialize and markets are taking note with bulls losing a grip over transactional pressure over the past 6 hours.
For this reason, smart money investors are shifting their attention to a more promising meme coin presale, which just smashed $10m raised ahead of a humungous launch.
Could Presales Offer Better Meme Coin Play?
While SOL offers a market leader opportunity, the biggest gains can be accrued through presale opportunities, which position investors as early birds able to capture the lion’s share of project growth—just imagine investing in NEKO before it hit the market and skyrocketed 30,000%.
One such opportunity in the SOL ecosystem is the DOGEVERSE presale – which has unlocked viral success over the last two weeks to hit $10M raised in the ongoing presale.
Emerging from the remnants of a cosmic explosion, #Cosmo, an exceptional #DOGE, traverses #Blockchains.
Symbolizing liberty and discovery.
As the envoy of $DOGEVERSE, Cosmo calls for solidarity and innovation, urging everyone to delve into the expansive #Crypto realm. pic.twitter.com/Cz7Ycqzzsr
— DogeVerse (@The_DogeVerse) April 24, 2024
Aiming to be the first multi-chain incarnation of DOGE, DOGEVERSE is positioned to grow rapidly as market participants race to grab a piece of the pie.
DOGEVERSE is still raising funds at the presale stage and will start preparing for exchange listings very soon.
The post NEKO Cat Token Soars 7,100% and All Eyes Turn to This New Dog Coin That Just Secured $10 Million Funding appeared first on Cryptonews.