Myro Price Prediction: MYRO Up 233% in One Week, But Investors Are Rushing to Buy This Small Cryptocurrency with a 100x Performance.

adminJanuary 7, 2024

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Miro’s price surged 233% in one week to $0.07088 as of 10:40 PM ET.

In the last 24 hours, the price hit an all-time high of $0.09400 before rising by only a few percent with volume down 31%.

Myro’s weekly surge comes as influencers rally behind the Solana network’s third meme coin.

$MYRO It doesn’t stop. It’s bigger than you and it’s bigger than me. He’s grown up now and will run the neighborhood the way he wants!
Step 1 Exchange is frothing at the mouth! This week the sheer amount of advertising, volume, community strength and connection will melt your face!… https://t.co/1GM6u3CoQD
— ///Steki.eth (@stekisteks) January 6, 2024

MYRO can be purchased at decentralized exchanges (DEXs) such as Raydium and Orca, and centralized exchanges (CEXs) such as KuCoin, HTX, and MEXC Global. These listings have brought a lot of attention to the Myro network and boosted support for influencers to continue to cover them.

$MYRO This is Solana Sender in 2024.
We’re early.
— Henok (@henokcrypto) January 7, 2024

Myro price forecast as influencers line up behind MYRO

After a massive rise of 233% in one week, Myro is sitting above support provided by the most important Fibonacci level of 61.8% at $0.06201. This support level maintains upside potential for Myro price and is supported by technical indicators.

First of all, the relative strength index (RSI) is still maintaining an upward trend, showing that buying pressure is still increasing. The Average Directional Index (ADX) is also moving northward, suggesting a strong upward trend, highlighted by the Awesome Oscillator (AO) on the positive side with the green histogram bar.

Increasing buying pressure could push Myro price above the 78.6% Fibonacci level of $0.07601, filling the market range of $0.09384. Such a move would represent a 30% increase from current levels.

In a very bullish case, profits could be extended for Myro price to clear the $0.09400 high and potentially create higher highs.

maze — TradingView: MYRO/USDT 1-day chart

On the other hand, if profit taking continues, the price of Miro could move lower, falling below the 61.8% Fibonacci level and potentially extending to the 50% retracement level of $0.05218. A break and close below this level on the daily time frame invalidates the bullish argument.

If seller momentum strengthens, Myro price could lose all ground by falling below 38.2% and 23.6% Fibonacci at the $0.04235 and $0.03019 levels respectively.

Meanwhile, while the trajectory of this Solana-based meme coin remains in the balance, Sponge V2 is taking the limelight as it strives to improve where its predecessor, Sponge V1, left off.

Tron founder Justin Sun owns SPONGE.

Sponge V2 has garnered support from cryptocurrency executives, including Justin Sun. This comes after the Tron founder and Huobi Global advisor revealed that he plans to start trading meme coins more actively in 2023.

I decided to actively trade meme coins and promising projects through public addresses. Any losses that may arise from these transactions will be personally borne by me, and all profits generated will be donated to charity.
— HE Justin Sun Sun Yuchen (@justinsuntron) May 11, 2023

As he said, there is a wallet tagged ‘Justin Sun 4’, which contains cryptocurrency assets worth $500 million. He holds 108 million SPONGE tokens, worth about $44,000. With such a massive SPONGE portfolio, Sun is considered the 14th largest Sponge holder, even though it is linked to Sponge V2.

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

A promising alternative to MYRO

Sponge V2 is only available through the Stake-to-Bridge mechanism and is an upgraded version of Sponge V1.

📣 We are excited to announce this. #sponge Connects from V1 to V2!
your $sponge Earn #SpongeV2 token. 🧽︎
Buy and stake now to receive special V2 token bonuses! Don’t miss it 🔥#memecoin #web3 #bull market pic.twitter.com/bYmkg1TNrU
— $SPONGE (@spongeoneth) December 18, 2023

Traders who missed out on the Sponge V1 train in 2023, when the meme coin’s market cap soared from $1 million to $100 million, now have a second chance to enjoy Sponge V1’s 100x explosion potential. Don’t miss this opportunity for Sponge to make a comeback.

#sponge Bigger and more absorbent than ever before, this time with added utility!
We are transitioning from V1 to V2 by launching a new ERC-20 token. #Ethereum far #pile– How to earn. 🧽🧽🧽
Visit our website to learn more! 🚀#SpongeV2 #Cryptocurrency pic.twitter.com/OxPwRspYUZ
— $SPONGE (@spongeoneth) December 24, 2023

Investors interested in joining the Sponge V2 community can do so in one of two ways: First, you can purchase and stake Sponge V1 through the purchase widget on the Sponge.vip website. Alternatively, stake the Sponge V1 you already own through the Sponge.vip website.

It is worth noting that the more V1 tokens you stake and the longer you stake, the more V2 tokens you will get. Once the remaining supply of Sponge V1 is exhausted, you can request Sponge V2 tokens.