In the year of the presidential election, Donald Trump tokens are gaining momentum in the DEX markets. Recently, a new Solana meme coin called ‘Super Trump’ has seen a significant surge – jumping to the top of meme coin markets.
This article will provide an analysis of Super Trump’s current price trends and look to see whether an innovative new multi-chain dog coin, DOGEVERSE, represents a more promising investment opportunity at this time.
Super Trump has just entered Solana Dextools hot pairs
Token: $STRUMP
Twitter: @supertrumpsolX
Dextools: https://t.co/qzTfUCS0FX pic.twitter.com/yBWTkOvw3y
— CryptoTrending (@DexBotOG) May 20, 2024
Super Trump went viral after being featured as a meme call amongst many popular crypto call channels.
Super Trump Price Analysis: US Presidential Election Fuels Trump Token Popularity in Solana Meme Coin Markets
As price action fights to hold position, Super Trump is currently trading at a market price of $0.0006, down around 41% in the past 24 hours.
The retracement move has eaten away at Super Trump’s rally since around 5PM (UTC) on May 20, with a quick-fire sell-off from early investors after the price hit an all-time high at $0.0043 (a jaw-dropping return of over 150,000% for the earliest backers).
Amid this sell-off, price action hammered down in a much-needed price correction, leaving Super Trump trading in an accumulation zone between $0.0005 and $0.0007.
So far, this has been a well-defended level by holders, with more than 12 hours of consolidation now established at these levels.
Yet, Super Trump remains below overhead resistance from the downtrend, leaving holders targeting a further 2-4 hour period of consolidation before the downtrend is potentially invalidated.
However, beyond the enduring meme value of a Trump-themed coin, there are strong reasons to be optimistic at these levels.
Firstly, with early-backers flushed out by the sell-off, Super Trump can now rally further organically without significant risk of early-backer profit-taking behavior.
Secondly, with the retracement move leaving Super Trump at a more alluring lower market cap of around $150k – late-stage retail capital could be enticed by a 10x gainer if previous price action repeats again.
This is reflected in the growing buy-pressure in the order book, which has shifted to 52.5% of transactions in the past hour.
But while holders sit tight, other investors are shifting their attention to a soon-to-launch multi-chain dogecoin project.
Discover the Next Solana Meme Coin to Pump in May 2024: DOGEVERSE
While Super Trump offers a high-risk opportunity, the biggest gains can be accrued through presale opportunities, which position investors as early birds able to capture the lion’s share of project growth – just imagine investing in Super Trump before it hit the market and skyrocketed 15o,000%.
The portal is under maintenance so I had to improvise #Memecoins #Sol #Altcoins #Cryptomemes #Web3 #Hodl #Memes pic.twitter.com/VITzrcTZhs
— DogeVerse (@The_DogeVerse) May 21, 2024
One such opportunity in the SOL ecosystem is the DOGEVERSE presale – which has unlocked viral success over the last two weeks to hit $15M raised in the ongoing presale.
Aiming to be the first multi-chain incarnation of DOGE, DOGEVERSE is positioned to grow rapidly as market participants race to grab a piece of the pie.
DOGEVERSE is still raising funds at the presale stage and will start preparing for exchange listings very soon.
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