'Shiba Inu Of Solana' Myro Prints 250% Weekly Gain: Trader Predicts 'It's Gonna Go Parabolic'
Myro , Solana’s latest Dogcoin star, recorded a 248.5% weekly gain, amid multiple exchange listings.
What Happened: The official handle of Myro announced that it will be listed on cryptocurrency exchange HTX Global for Perpetual Futures trading with up to 20x leverage.
Separately, the meme coin also got listed on exchanges Crypto.com and Gate.io, which added Myro for margin trading.
Also Read: Doge And Shiba Inu Flat; BONK, WIF And Myro Down; TRUMP Surges: Benzinga's Memecoin Mashup
Kucoin.com’s Gem Box has Myro listed as one of the most popular coins on the exchange ahead of Solana.
WOO X, a decentalized exchanged also announced Myro would be available for trading on the WOO X perpetual futures market, with up to 20x leverage.
Binance Futures also announced that it listed Myro for futures trading.
Why It Matters: In the past 24 hours, Myro is up 21%, setting a new all-time high level of $0.4185 per CoinMarketCap data.
Pseduonymous commentator CryptoShadow stated on X that “$MYRO seriously looks like it's gonna go parabolic.”
Trading volume for the token stands at over $400 million in past 24 hours, significantly ahead of highly trending memecoins like Maga Memecoin with $3.8 million.
Since the start of 2024, the market cap of the meme coin has surged 46% to currently stand at over $330 million. It is thus still a long way off that of Shiba Inu , which trades close to $20 billion in market cap.
Crypto trader, The Wolf Of Crypto Streets foresees Myro to trade very high in the billions, saying everyone likes the dog.
The Wolf Of Crypto Streets@W0LF0FCRYPT0Mar 06, 2024$MYRO reached a new all time high
At $1M, they doubted it will go to billions
At $10M, they doubted it will go to the billions
At a $100M, they also doubted and faded $MYRO
But they are pretty silent now $MYRO will trade very high in the billions
Everyone likes the dog. pic.twitter.com/gpzveHdkto
A self-proclaimed "degen" called Thunder tweeted that after the recent listings, the "next stop" is a market capitalization of one billion.
The surge follows that of similar dog-themed cryptocurrencies, although Myro is yet to replicate the success of Dogwifhat.
Read Next: This Is Solana's New Dogcoin Superstar: From Zero To Over $100M Market Cap In 60 Days
Image: Midjourney
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