Solana Meme Coin HAMMY Price Pops and Experts Think This Other Coin is Next

Last updated: May 3, 2024 at 7:43 a.m. EDT | 2 minutes of reading

Bitcoin’s post-halving crisis left Solana coin traders in the blues, and reflecting the sentiment, a new depressed rodent token named Sad Hamster saw the price of HAMMY explode overnight.

This article will provide an analysis of the current price trends of HAMMY and look to see if an alternative piece, DOGEVERSErepresents a more attractive investment opportunity at present.

Sad Hamster is a viral meme that has gained impressive popularity on the Solana meme coin marketplace.

Retail investors have classified HAMMY as a “cat token,” and curiously, some enthusiast analysts note the potential for added value in the emerging surge – teasing the idea that the first market cap cat-coin of a billion dollars is… well, a hamster.

HAMMY Price Analysis: Can Sad Hamster Token Become the First Billion-Dollar Rodent Coin on the Solana Meme Coin Market?

While price action maintains a technical rally structure, Sad Hamster is currently trading at a market price of $0.02 (representing an evolution over 24 hours of +475%).

The Sad Hamster token exploded from a capitulating trading low at 11 a.m. UTC on May 2, in a steady-gain rally that displayed an enticing rally structure.

So far, HAMMY price has climbed +1,432%, setting a new all-time high at $0.03.

Currently in minor localized retracement, Sad Hamster is attempting to build support for further upward moves above the lower support at $0.015.

With HAMMY price in a strongly ascending trading channel, it appears this rally may be at risk of stopping here, especially when looking at the order book – which reveals declining momentum amid pressure from ‘buying 36% in trades over the last 6 hours.

This is reflected in fleeting bullish sentiment on the MACD – although it should be noted that this key momentum indicator continues to read with a minor bullish signal (0.00058).

Indeed, further retracement could be likely here – with HAMMY price needing to drop to $0.015 to calm an overheated RSI (indicating a bearish overbought divergence at 60).

However, if this move is undertaken with a successful defense of the growing army of 2,940 HAMMY holders, then it seems possible that the rise will resume.

After all, with HAMMY now reaching a market cap of $20 million (mcap), Sad Hamster now faces a watershed moment in Solana coin market meme – which will see him either reach $100m+ mcap status or drop back down to a $1m mcap.

For retail investors discouraged by this all-or-nothing risk, many are turning their attention to a more attractive opportunity in the DOGEVERSE viral presale.

Meet Dogeverse: DOGE Cross-Chain Unification – 100x Gaming Potential?

Dogeverse (DOGEVERSE)is a new dog-themed multi-chain coin project with an active presale that has currently raised over $12 million.

The meme coin is rolling out its highly anticipated presale across multiple chains, including Ethereum, Avalanche, Base, and Solana.

The project developer said that this approach democratizes access and anyone can acquire the coin, accelerating growth and becoming a force in the crypto market.

Looking at the events in the market, the most demanded Dogeverse Presale will likely reap huge benefits as more and more users flock in, looking for powerful coins.

Proponents say Dogeverse could be the next BONK and BOME, securing a $1 billion market cap in the coming weeks.

Follow Dogeverse on to receive the latest news and connect with the presale community on Telegram.

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Warning: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose your entire capital.

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