Solana
Is BEER the Next Big Solana Meme Coin?
Beercoin price has performed well in recent days. The $BEER token reached an all-time high of $0.0003495, well above its all-time low of $0.000080. This increase brought its total market capitalization to more than $300 million, according to CoinGecko data.
What is Beercoin?
Beercoin is a newly launched coin on the Solana ecosystem. It recently held a token sale where it collected 30,000 SOL tokens, now valued at over $5 million.
Beercoin’s goal is to become one of the largest coins in the industry. It aims to reproduce and transmit the performances of others Solana coins like Dogwifhat (WIF), Bonk, Book of Meme (BOME), Cat in a Dogs World (MEW), and Popcat.
These tokens have become major parts of the crypto industry and have a reputation for outperforming larger coins like Ethereum and Polkadot. They have also become very popular among the trading community for their ability to turn users into millionaires.
Dogwifhat’s market capitalization jumped to over $3.5 billion, while Bonk, Book of Meme and Cat in a Dogs World (MEW) accumulated over $2.3 billion, $932 million and 374 million dollars in valuation.
Beercoin describes itself as liquid gold and offers many benefits to its holders. For example, he pledged to give the lucky winner a Tesla CyberTruck, a VIP ticket to Oktoberfest, 10 shares of Heineken, one of the world’s leading beer manufacturers, and a ten-year supply of beer .
However, as an unregulated asset with minimal information, it is unclear whether these developers will deliver on their promises. Indeed, its developers are not known and it would be impossible to prosecute them.
Overall, it is possible that the Beercoin token could be the next big coin in the sector, especially if the bull run continues. Mike Novogratz predicted. Meanwhile, on chain the data shows that the token has already attracted nearly 30,000 holders.
Beercoin Price Forecast
The 30-minute chart shows that the BEER token price has increased over the past few days. It has exceeded the 25-period moving average. More importantly, the token formed a bullish pennant pattern, a popular bullish sign. Its daily trading volume has also rebounded.
Therefore, the $BEER token price will likely see a bullish breakout as buyers target the key resistance point at $0.0040. This price action could occur as Beercoin receives more exchange listings, especially from big names like Binance and OKX.