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The Roaring Kitty price skyrocketed 240% in the last 24 hours to trade at $0.03304 as of 4 a.m. EST on trading volume that surged to $18.72 million.
The KITTY price spiralled after Keith Gill, the trader known as Roaring Kitty on X, disclosed via a screen shot on Reddit that he has a massive holding in GameStop (GME) shares and options worth over $586 million. He also said he’d hold a YouTube livestream for Friday.
After his post, GME shares soared 47% and the Solana-based meme token GME jumped over 143% to reach a new all-time high (ATH). KITTY is another associated coin that is riding the wave of optimism after Gill’s comeback following years of silence.
Gill is famous for his central role in the GameStop short squeeze in 2021. He sparked a frenzy in the meme coin market last month after he posted on social media for the first time in three years.
Roaring Kitty Price Prediction
Roaring Kitty’s KITTY token surged as a result of Keith Gill’s Reddit post, but the most important thing for traders and investors now is where it will go next.
The project’s technical indicators suggest that there may be some more room left for the token to grow, although it is approaching the are where a possible correction is becoming more and more likely to happen.
The token’s Bollinger bands have narrowed slightly compared to the situation in the last 18 hours, but they still remain reasonably wide. That, coupled with the fact that the price is currently as high as the upper band, suggests that the market is bullish and that KITTY might continue its climb.
However, the project’s Relative Strength Index (RSI) value has been climbing up toward the overbought zone, currently sitting at 66.33. The more the value moves away from the neutral zone at 50, the bigger the chance that traders might start selling in order to take profit before a correction starts.
In other words, the more the Roaring Kitty price grows, the less stable it will become, and the chances of the trend reversal grow as well. With that said, anyone who bought KITTY or plans to do so should proceed with caution, and maybe consider some alternatives with an even greater potential.
Promising Alternatives To Roaring Kitty
While Roaring Kitty is one of the trending cryptos right now, scoring among the top three hottest cryptos on DEXTools, many argue that it is too late to invest in a token that has already surged so much.
Instead, investors who wish to earn as much as possible tend to spot cryptos with large potential before the masses are aware of them.
Many such gems are found in presales, and some analysts say Sealana (SEAL) on Solana might be just such a token.
Sealana is a meme coin worth considering despite its undoubted risks for several reasons. The first of them is that 2024 is definitely a year of meme coins, and most of them have brought major returns to their holders. In fact, meme coins were the most rewarding cryptos to hold during Q1 2024.
Second, is that SEAL is a meme coin that’s capitalizing on red hot sentiment towards Solana meme coins. Indeed, it’s arguable that Solana is the blockchain of choice for the best meme coin launches now.
Next, Sealana has a very popular presale, which has raised well over $3 million already.
Finally, SEAL has just announced that its presale will end on June 25, meaning buyers won’t have to wait long to see how markets react to its launch.
#Sealana has got some big news for y'all today! 🦭🍻 After a long night of drinking, doin' American $SEAL things 🇺🇸 and blacking out! 😵 He woke up with some real mental clarity and made the call that the #Presale's gonna end on June 25th at 6 pm UTC! ⏰
You know what that… pic.twitter.com/va7W8abVjb
— Sealana (@Sealana_Token) June 6, 2024
Sealana has attracted great attention due to its unique design, as well as the fact that it focuses on humor and being a true meme coin rather than on advanced technology like many of its modern peers.
This simplicity and return to the roots of what a meme coin is resulted in the presale attracting great popularity, and popular crypto YouTubers like Jacob Crypto Bury speculated that it could be the next 10x crypto.
Those who wish to buy the token can do so with ETH, USDT, BNB, SOL, or credit/debit card. The project’s website says there are only 18 days left to buy, but it’s best to remember that high demand sometimes causes such presales to close early.
Visit the SEAL website to buy tokens here. They are priced at $0.022 each.
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