The cryptocurrency market has seen its newest trend.
Myro broke out to the upside hours after Blantz, a prominent crypto trader on X, called the move.
Blantz predicted that the price would turn around soon after the fall and emphasized that the
#meme coin's trend was godlike.
Myro's price reversed, leading to a 63.92% rise in the first hour.
#Myro , a dog-themed meme coin on the
#Solana blockchain, began rising hours after Mr. Blantz, a well-known
#cryptocurrency trader X, reported that Mr. Blantz's post highlighted a 25 percent drop in the "ABC" of Myro's hourly chart, and traders warned subscribers of an impending rise.
In his post, Mr. Blantz stressed that the trend of the meme coin is a divine trend and called for an immediate reversal of the price after the fall. According to him, focusing on anything else is a "loss of opportunity".
Notably, Myro's price rose a few hours after Brantz's statement: according to TradingView's hourly chart of Myro, the price reversed at the same level he indicated, rising 63.92% in the first hour. The rise continued and Myro rose to $0.3121 before beginning to consolidate and trading at $0.2659 at the time of writing.
Thanks to the recent price surge, Myro has surpassed the all-time high of $0.2599 reached last January. This has also intensified talk of the new coin's meme among members of the crypto community expressing bullish sentiments towards the rising cryptocurrency.
According to CoinmarketCap data, Myro's market capitalization rose 51% in the past 24 hours to $252.7 million at the time of writing; 24-hour volume also increased 104.8% to $231.7 million.
Myro is a Solana-based meme coin that will launch in November 2023. It has a dog theme and is named after Solana founder Raja Gokal's dog.
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