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The Dragy price has skyrocketed 85% in the last 24 hours to trade for $0.00005144 as of 1:45 a.m. EST time.
Trading volume has also soared 240%, which points to growing interest in DRAGY token amid ongoing celebrations at the start of the Chinese New Year of the Dragon.
The Dragy price is also surging amid potential listing excitement, with DRAGY said to be going live on a tier-one centralized exchange soon.
🔥🔥🔥CEX ANNOUNCEMENT 🔥🔥🔥
✅ TOP 10 TIER 1 CEX LISTING VERY SOON ✅
😎 Big things are coming for $DRAGY 😎
🚀 To the moooooon! 🚀https://t.co/DQ0ikRBbvv#DRAGY #SOLANA $SOL #BTC $BTC #BITCOIN $MYRO $BONK $SHIB $FLOKI $PEPE $DOGE pic.twitter.com/3q5R78Kzhq
— DRAGY | A Solana Coin 🐲🐉 (@DragyCoin) February 22, 2024
With this, DRAGY has merited a place on CoinMarketCap’s list of top three trending coins, alongside Starknet (STRK) and JasmyCoin (JSMY).
$DRAGY #CoinMarketCap TOP 3 Trending again !!!
You know what this mean? 😎🤫😏#DRAGY #BTC $BTC #SOLANA $SOL pic.twitter.com/nv8qOHcBpa
— DRAGY | A Solana Coin 🐲🐉 (@DragyCoin) February 22, 2024
Amid the Chinese New Year festivities, the Dragy price has overcome resistance due to the 38.2% Fibonacci retracement level at $0.00004889. With the Relative Strength Index (RSI) inching north, momentum is rising, which favors the upside potential for the Dragy price.
Increased buying pressure could see the Dragy price push north, shattering the midline of the ascending parallel channel to test the 50% Fibonacci retracement level of $0.00006402. An extended push north could see the dragon-themed token overcome the most important Fibonacci level of 61.8% at $0.00007915 before breaking out above the upper boundary of the channel.
A break and close outside the ascending parallel channel could see the Dragy price reclaim its range high of $0.00009088. In a highly bullish case, the gains could extend for the altcoin to flip the 78.6% Fibonacci retracement level into a support at $0.0001007.
TradingView: DRAGY/USD 12-hour chart
Converse Case
On the other hand, if traders cash in on the gains made so far, the Dragy price could drop, losing support due to the 38.2% Fibonacci retracement level at $0.00004889. In a dire case, the altcoin could squat below the lower boundary of the channel to test the 23.6% Fibonacci retracement level of $0.00003017.
Meanwhile, as the Dragy price pushes to reclaim its intra-day high, experts say Smog, a Solana meme coin challenger that also has a dragon theme, could surge 10X after its huge airdrop. It features among the top presales to buy now for 10X returns.
Promising Alternative To Dragy
Smog has skyrocketed 111% in a week and currently offers a 10% discount to the market price. It is the latest Solana meme coin and analysts say it is set to benefit from its dragon theme.
Like DRAGY, Smog too is likely to appeal to Chinese investors amid euphoria around the start of the Chinese New Year of the Dragon. The project is among the most talked-about meme coins in 2024 after a debut on Jupiter DEX, and Smog is also promising the mother of all airdrops.
Smog is committed to surpassing even Jupiter’s landmark $700 million airdrop on Solana. Towards this endeavor, the project has allocated 35% of the total token supply (1.4 billion tokens) for this purpose.
$SMOG tokenomics as per website
50% is for marketing
35% is for airdrop
10% for CEXThis can be corroborated onchain as well but with a twist! pic.twitter.com/JAyjxiK5fx
— LOST (@SavingsLost) February 9, 2024
Smog token holders qualify for this historic event. Alternatively, participants can accumulate airdrop points by engaging in a campaign via Zealy.
One #Memecoin to rule them all! 🚀
Get ready for the greatest #Airdrop in history, distributed on #Solana. 💰
Join #SMOG on Zealy! 🔥
Link in Bio 🔗 pic.twitter.com/vsn4p5cSF4
— SMOG (@SMOGToken) February 8, 2024
Some analysts rank Smog among the best meme coins to invest in with potential for exponential gains, while others say it is one of the best penny crypto investments. And right now you can buy and stake Smog for a 10% discount. But hurry soon to catch the deal before it ends.
Also Read:
- How To Buy Smog Token – A Complete Guide
- Most Trending Cryptos on Ethereum Chain Today – Mind, Smog, TAO Inu
- $SMOG Meme Coin 10x Growth Potential – How to Buy, Stake for High Rewards, and Price Prediction
- New Solana-Based Meme Token To Buy and Hold – Could SMOG Be The Next BONK?
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