Myro Price Prediction: MYRO Pumps 233% In A Week, But Investors Rush To Buy This Small Cap Crypto With A 100X Track Record

ByLockridge Okoth

Updated: 07 January 2024

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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The Myro price has pumped 233% in a week to trade for $0.07088 as of 10:40 pm EST time.

Over the last 24 hours, the price is up only a fraction of a percent with trading volume dropping 31% after recording an all-time high of $0.09400.

The weekly surge for Myro came as influencers rallied behind the third meme coin on the Solana network.

$MYRO ISNT STOPPING, ITS BIGGER THAN YOU, ITS BIGGER THAN ME, HES A GROWN BOY NOW AND WILL RUN THE NEIGHBORHOOD AS HE PLEASES!

TIER 1 EXCHANGES ARE FOAMING AT THE MOUTH! WITH THE AMOUNT OF HYPE, VOLUME, COMMUNITY STRENGTH AND CONNECTIONS THIS COMING WEEK WILL MELT FACES!… https://t.co/1GM6u3CoQD

— ///Steki.eth (@stekisteks) January 6, 2024

MYRO is available for purchase on decentralized exchanges (DEXes) such as Raydium and Orca, as well as centralized exchanges (CEXes) including KuCoin, HTX, and MEXC Global. These listings have brought massive attention to the Myro network, bolstering the support influencers continue to afford it.

$MYRO is the Solana Sendor of 2024

We’re early.

— Henok (@henokcrypto) January 7, 2024

Myro Price Outlook As Influencers Line Up Behind MYRO

After an epic 233% climb in a week, Myro is sitting atop the support provided by the most significant Fibonacci level, 61.8% at $0.06201. This support level keeps the upside potential alive for Myro price and is supported by technical indicators.

For starters, the Relative Strength Index (RSI) remains northbound, showing buying pressure is still rising. The Average Directional Index (ADX) is also moving north, suggesting a strengthening uptrend, accentuated by the presence of the Awesome Oscillator (AO) on the positive side with green histogram bars.

Increased buying pressure could see Myro price climb above the 78.6% Fibonacci level at $0.07601, or higher, fill the market range at $0.09384. Such a move would constitute a 30% climb above current levels.

In a highly bullish case, the gains could extend for Myro price to clear the range high at $0.09400, clearing it and potentially creating a higher high.

On the other hand, if profit-taking continues, Myro price could descend, slipping below the 61.8% Fibonacci level and potentially extending to the 50% retracement level at $0.05218. A break and close below this level on the daily timeframe would invalidate the bullish thesis.

Enhanced seller momentum could see Myro price lose all the ground covered, slipping below the 38.2% and 23.6% Fibonacci at $0.04235 and $0.03019 levels respectively.

Meanwhile, while this Solana-based meme coin’s trajectory hangs in the balance, Sponge V2 is in the limelight as it works to upscale things from where its predecessor, Sponge V1 left off.

Tron Founder Justin Sun Holds SPONGE

Sponge V2 has attracted the support of crypto executives including Justin Sun. It comes after a 2023 revelation by the Tron founder and Huobi Global advisor, saying he intends to start trading meme coins more actively.

I've decided to begin actively trading meme coins and promising projects through my public address. Please note, I will personally bear all potential losses from these trades, and any profits made will be donated entirely to charity.

— H.E. Justin Sun 孙宇晨 (@justinsuntron) May 11, 2023

True to his word, there is a wallet tagged ‘Justin Sun 4’, which holds $500 million in crypto assets. He holds 108 million SPONGE tokens worth approximately $44,000. With such an enormous SPONGE portfolio, Sun is believed to be the 14th largest holder of Sponge even as it bridges off to Sponge V2.

Other tokens in his meme coin bucket include large caps like SHIB, FLOKI, BabyDoge, and PEPE, as well as small caps such as TOSHI, BOBO, and BABYPEPE.

Promising Alternative To MYRO

Sponge V2 is only available through the stake-to-bridge mechanism, and is an upgraded version of Sponge V1.

https://twitter.com/spongeoneth/status/1736710430888739065

Traders who failed to catch the Sponge V1 train in 2023, when the meme coin surged from a market capitalization of $1 million to $100 million, now have a second chance to enjoy the possible 100X explosion of Sponge V1. Do not miss out this time as Sponge makes a comeback.

https://twitter.com/spongeoneth/status/1738877238907371738

Investors looking to join the Sponge V2 community can do so by either of two ways. First, you can buy and stake Sponge V1 through the Sponge.vip website’s buy widget. Alternatively, stake the Sponge V1 you already hold through the Sponge.vip website.

It is worth it to note that the more V1 tokens you stake, and the longer you stake them, the more V2 tokens you will earn. You can claim the Sponge V2 tokens once the remaining supply of Sponge V1 is exhausted.