{"id":475250,"date":"2024-01-25T17:33:31","date_gmt":"2024-01-25T17:33:31","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=475250"},"modified":"2024-01-25T17:33:31","modified_gmt":"2024-01-25T17:33:31","slug":"myro-price-prediction-myro-plunges-16-as-investors-turn-to-this-meme-coin-ico-with-a-100x-track-record","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/myro-price-prediction-myro-plunges-16-as-investors-turn-to-this-meme-coin-ico-with-a-100x-track-record","title":{"rendered":"Myro Price Prediction: MYRO Plunges 16% As Investors Turn To This Meme Coin ICO With A 100X Track Record"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The Myro price has plunged by 16% to hold a spot price of <\/span><a href=\"https:\/\/coinmarketcap.com\/currencies\/myro\/\"><span style=\"font-weight: 400;\">$0.173<\/span><\/a><span style=\"font-weight: 400;\"> as of 8:11 a.m. EST.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, despite the dip, OptimusBull expresses optimism about the meme coin&rsquo;s recovery as he calls on his 21.2K X followers to buy the dip.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">To date all dips on <a href=\"https:\/\/twitter.com\/search?q=%24MYRO&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$MYRO<\/a> have proven to be a good buying opportunity&hellip;<\/p>\n<p>I don&rsquo;t see the current dip being any different&hellip;..<\/p>\n<p>Good boy&hellip; &#128064;&#128293;<a href=\"https:\/\/twitter.com\/MyroSOL?ref_src=twsrc%5Etfw\">@MyroSOL<\/a> <a href=\"https:\/\/t.co\/zVHckAMP95\">pic.twitter.com\/zVHckAMP95<\/a><\/p>\n<p>&mdash; OptimusBull (&#129399;&#129399;) (@OptimusBull_) <a href=\"https:\/\/twitter.com\/OptimusBull_\/status\/1750476167772033135?ref_src=twsrc%5Etfw\">January 25, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2><span style=\"font-weight: 400;\">Myro Price Prediction: Could Myro Bounce Back?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Bears are seen in control of the meme coin as indicated by an in-depth analysis of MYRO\/USDT 1-hour charts. Looking at the Bollinger Bands (BB), we see that the price is currently near the lower Bollinger Band, indicating potentially oversold conditions. Considering the oversold conditions, a possible price rebound if buyers step in could be possible.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This is backed by the Relative Strength Index (RSI), which is around 35.5, close to the oversold threshold of 30. This often suggests that the asset may be undervalued, and a trend reversal or pullback might be imminent.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Myro Price Prediction: Will Bears Push The Dip Further?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">On the other hand, the Awesome Oscillator (AO) histogram shows red bars below the zero line, and they appear to be increasing in length. This indicates that the current bearish momentum still possesses strength, which could precede a continued bear sentiment. If the price breaks below the lower band, it might indicate a continuation of the downtrend.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Average Directional Index (ADX) shows a weak bull trend backing the bear prospects as it moves around 20. There are also several bearish engulfing patterns marked as &ldquo;BE&rdquo; on the chart, indicating moments where selling pressure overcame buying pressure. These patterns often signal bearish sentiment in the market.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The price is below the 20-period Simple Moving Average (SMA) (The orange line of the Bollinger Bands), suggesting a bearish trend.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Considering all these indicators, the current chart presents a bearish outlook, with the price trending downward and several indicators suggesting that the asset is in a bearish phase. However, the proximity to the lower Bollinger Band and the RSI nearing oversold conditions could mean that there might be potential for a short-term price rebound if the market sentiment shifts and buying pressure increases.<\/span><\/p>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-475252\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/01\/Apex_1706189872953.png\" alt=\"\" width=\"2532\" height=\"1200\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/01\/Apex_1706189872953.png 2532w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/01\/Apex_1706189872953-300x142.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/01\/Apex_1706189872953-1024x485.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/01\/Apex_1706189872953-768x364.png 768w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/01\/Apex_1706189872953-130x63.png 130w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/01\/Apex_1706189872953-104x50.png 104w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/01\/Apex_1706189872953-83x40.png 83w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/01\/Apex_1706189872953-1536x728.png 1536w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/01\/Apex_1706189872953-2048x971.png 2048w\" sizes=\"(max-width: 2532px) 100vw, 2532px\"><\/p>\n<p style=\"text-align: center;\">1-hour MYRO\/USDT chart | Source: <a href=\"https:\/\/www.tradingview.com\/chart\/mBPnB4WJ\/?symbol=CRYPTO%3ABTCUSD\">TradingView<\/a><\/p>\n<p><span style=\"font-weight: 400;\">Meanwhile, as the Myro price struggles, a successor to Sponge ($SPONGE) is emerging as another compelling meme coin alternative. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Investors are eagerly acquiring <a href=\"https:\/\/insidebitcoins.com\/visit\/sponge\" rel=\"nofollow\">Sponge V2<\/a> tokens as it&rsquo;s ranked as one of the top meme cryptocurrencies for <a href=\"https:\/\/www.linkedin.com\/pulse\/best-meme-coins-invest-top-picks-exponential-gains-calsona-iorle\">exponential growth<\/a>.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Sponge V2: An Alternative to MYRO?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Sponge V2, the much-anticipated follow-up to Sponge V1, is preparing to launch on various exchanges. Those who missed the opportunity to engage in Sponge&rsquo;s 100x surge in 2023 now have another chance with SpongeV2.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">10 exchanges not enough? &#128521;<a href=\"https:\/\/twitter.com\/hashtag\/SpongeV2?src=hash&amp;ref_src=twsrc%5Etfw\">#SpongeV2<\/a> will be listed on BIGGER AND BETTER exchanges! &#128293;<\/p>\n<p>You&rsquo;re not ready for what&rsquo;s coming next &#128064;<a href=\"https:\/\/twitter.com\/hashtag\/SpongeV2?src=hash&amp;ref_src=twsrc%5Etfw\">#SpongeV2<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/MemeCoin?src=hash&amp;ref_src=twsrc%5Etfw\">#MemeCoin<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Presale?src=hash&amp;ref_src=twsrc%5Etfw\">#Presale<\/a> <a href=\"https:\/\/t.co\/LdXRYu65Z8\">pic.twitter.com\/LdXRYu65Z8<\/a><\/p>\n<p>&mdash; $SPONGE (@spongeoneth) <a href=\"https:\/\/twitter.com\/spongeoneth\/status\/1749839548702494999?ref_src=twsrc%5Etfw\">January 23, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">After securing spots on major centralized exchanges, including BitMart, LBank, and Toobit, SpongeV1 drew more than 13,000 participants, and its market capitalization exceeded $100 million.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/visit\/sponge\" rel=\"nofollow\">SpongeV2<\/a> has already seen over $4.4 million in tokens staked and bridged. One feature that <\/span><span style=\"font-weight: 400;\">distinguishes Sponge V2 from its forerunner is its novel Play-to-Earn (P2E) gaming feature, incorporating thrilling gaming activities into the user experience.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Justin Sun&rsquo;s Engagement with SPONGE<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Last year, Tron foudner Justin Sun bought $SPONGE tokens that now are valued at upwards of $90,000. This acquisition aligns with his previous declaration on X regarding his plans to invest in meme coin ventures with potential.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">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.<\/p>\n<p>&mdash; H.E. Justin Sun &#23385;&#23431;&#26216; (@justinsuntron) <a href=\"https:\/\/twitter.com\/justinsuntron\/status\/1656598894158159872?ref_src=twsrc%5Etfw\">May 11, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">The stake-to-earn approach, a new addition in Sponge V2, offers an astounding 273% annual return. With the Myro price currently struggling, meme coin lovers can hop onto this project for guaranteed gains.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Prominent YouTuber Conor Kenny, boasting over 178K subscribers, believes this project might surpass Sponge V1 in fame and again achieve 100x gains on launch.<\/span><\/p>\n<p><iframe title=\"They are Re-launching this Meme Coin that EXPLODED last MEME SEASON\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/1FUo80zmYBE?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><span style=\"font-weight: 400;\">To obtain Sponge V2 tokens, connect your wallet to the SpongeV2 website and trade your Ethereum or USDT for V2 tokens. Alternatively, you can utilize a credit card for the purchase.<\/span><\/p>\n<p><a href=\"https:\/\/insidebitcoins.com\/visit\/sponge\" rel=\"nofollow\"><span style=\"font-weight: 400;\">Visit the official Sponge V2 website here<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Related News<\/span><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/insidebitcoins.com\/news\/manta-network-price-prediction-manta-soars-29-but-experts-say-consider-this-meme-coin-presale-for-100x-gains\"><span style=\"font-weight: 400;\">Manta Network Price Prediction: MANTA Soars 29%, But Experts Say Consider This Meme Coin Presale For 100X Gains<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/insidebitcoins.com\/news\/myro-price-prediction-myro-pumps-21-but-are-investors-migrating-to-this-new-crypto-ico-as-time-runs-out-before-listing\"><span style=\"font-weight: 400;\">Myro Price Prediction: MYRO Pumps 21%, But Are Investors Migrating To This New Crypto ICO As Time Runs Out Before Listing?<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/www.linkedin.com\/pulse\/next-crypto-explode-unveiling-potential-market-shaker-calsona-hmwze\/\"><span style=\"font-weight: 400;\">Next Crypto to Explode: Unveiling the Potential Market Shaker of 2024<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/insidebitcoins.com\/news\/can-sponge-v2-experience-a-100x-surge-similar-to-sponge-v1-upon-its-launch-in-2024-conor-kenny-presale-review\"><span style=\"font-weight: 400;\">Can Sponge V2 Experience a 100x Surge Similar to Sponge V1 Upon Its Launch in 2024? 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However, despite the dip, OptimusBull expresses <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/in-content-providers\/a-default-box\" title=\"A Default Box\">[&#8230;]<\/a><\/div>","protected":false},"author":1951,"featured_media":475253,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-475250","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Myro Price Prediction: MYRO Plunges 16% As Investors Turn To This Meme Coin ICO With A 100X Track Record - InsideBitcoins.com<\/title>\n<meta name=\"description\" content=\"The Myro price has plunged by 16% to hold a spot price of $0.173 as of 8:11 a.m. EST. 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