Solana meme coin markets show few signs of slowing down, as ELONWIF price analysis spotlights the latest Elon Musk themed token to explode, could this other coin be next to skyrocket?

This article will provide an analysis of ELONWIF’s current price trends and look to see whether an innovative new multi-chain meme coin, Dogeverse, represents a more promising investment opportunity at this time.

$ELONWIF is going like I’ve never seen

No signs of dumping in this so far@photofinishgame @zed_run pic.twitter.com/ImKPLcepXz

— Champagne Stars NFT Horses (@jasonch33451874) March 26, 2024

ELONWIF price moves garnered major traction after developers combined Elon Musk virality with a play on the recent rise of top Solana meme coin DogWifHat (WIF).

ELONWIF Price Analysis: Can New Elon Musk Themed Solana Meme Coin Sustain Skyrocket Rally?

As price action continues to hammer to the upside, ELONWIF token is currently trading at a market price of $0.061 (representing a 24-hour change of +27,893%).

This comes after ELONWIF token exploded out of capitulative price action at around 14:00 UTC on April 28, in a sudden surge – fuelled by a rapid influx of more than $345k in trading volume.

A flurry of interest from retail traders saw ELONWIF gain quick-fire traction in the market, accelerating +26,153% in the first 3-hours to hit an initial high at $0.049 at 01:00 on April 29.

The substantial gains saw early traders take profit, triggering a brief localized retracement move down to lower support at $0.024.

However, a well-defender display by more than 1,300 holders saw ELONWIF explode out of consolidation this morning – with an ongoing second-rally leg now standing at +150% gains over the past 3-hours.

This leaves ELONWIF currently trading at a new all-time high of around $0.62, yet, with ELONWIF price analysts spotlighting an inflated market cap at $6.2m – price action at this stage provides little appeal for late-stage investors.

For this reason, smart money investors are getting ahead of the next big skyrocket launch by investing in the multi-chain Dogeverse presale.

Don’t Miss Your Chance to Ride the Next Skyrocket Rally – Invest in Dogeverse as Presale Goes Viral, Hits $12m Raised

Touted as the “chain traveling Doge,” Dogeverse has multi-chain functionality across major networks like Ethereum, BNB Chain, and Solana making it a versatile contender in the meme coin arena.

The project’s structure and potential for high returns, including a staggering +582% APY return for stakers, underline its ambitious roadmap.

Big Paws Up for #DOGEVERSE!

We’ve surpassed $12 million raised in our #Presale initiative! Thanks to all – your support is helping us unleash new possibilities in the cryptoverse.

Stay tuned for more news as we continue to grow! #AltSeason #BaseChain #SOL #ETH pic.twitter.com/Ka4qh04lOx

— DogeVerse (@The_DogeVerse) April 29, 2024

High APY staking is all the rage recently, and Dogeverse is set to steal all the limelight.

Beyond its playful facade, Dogeverse introduces real utility, offering seamless integration across different blockchain environments – this feature not only enhances accessibility but also adds a layer of convenience for investors.

Click here to take part in the Dogeverse presale

The post New Elon Musk-Inspired ELONWIF Token Trending and Experts Say This Other Coin is Next appeared first on Cryptonews.