In the latest Solana meme coin pump, new coin Peshi Cat (PESHI) has exploded in a 120x skyrocket.
This article will provide an analysis of PESHI’s current price trends and look to see whether an innovative multi-chain meme coin, Dogeverse , represents a more promising investment opportunity at this time.
$PESHI SAID: SEND IT! pic.twitter.com/e549Ut1ekx
— $PESHI (@peshi_sol) April 15, 2024
PESHI price moves appear to be a straight-up no-utility meme coin play, with upside gains fuelled by pure viral traction across the crypto community on platforms such as X.
As price action fights for lower support, Peshi Cat is currently trading at a market price of $0.00000066 (representing a 24-hour change of -47.9%).
Launched at just 18:00 UTC on April 14, the PESHI price gained strong traction in its first day of trading, hammering up +25,000% to hit an all-time high of $0.00000027.
Lower support was established between $0.00000010 and $0.00000017, and this set the stage for a second-retest of resistance around the all-time high on April 15.
However, a strong rejection at this level has since seen price action bleed-out -47.9% in the hours since – with Peshi Cat tumbling through lower support into capitulative territory.
Yet, with buy pressure remaining dominant at 52% of transactions over the past hour – 2.38k holders remain in hope – with a now alluring $265k market cap offering a potential 10-20x move for late-stage investors here.
But while PESHI holders ride-or-die over the next 24-hours, a more lucrative long-term value accrual play is emerging in a viral multi-chain Solana meme coin presale.
Dog-themed meme coins are big business in the 2024 crypto market, and a new project – Dogeverse (DOGEVERSE) – is making a name in the market
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