Solana-based Meme Coin MYRO Price Explodes Amid Major Exchange Listing: Experts Eye Further Gains
The Solana-based meme coin Myro has seen its price surge lately as major crypto exchange HTX Futures added it to its platform for perpetual futures trading. According to data from CoinMarketCap, the price of Myro had jumped over 38% to $0.357893 within the day. Trading volumes for the token had also swelled to $438 million, indicating growing interest among investors.
The considerable price appreciation for Myro comes on the back of the announcement by HTX Futures. They announced that they would be listing the token for perpetual futures with leverage of up to 20x. In a tweet, the exchange said adding Myro was a welcome move since it is a “good boy” token. This listing on a prominent platform besides opening the door for leveraged trading has boosted visibility and liquidity for Myro.
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Notably, top crypto analyst The Wolf Of Crypto Streets has been bullish on Myro’s long term potential. In a tweet, he stated: “@$MYRO reached a new all time high At $1M, they doubted it will go to billions At $10M, they doubted it will go to the billions At a $100M, they also doubted and faded $MYRO But they are pretty silent now $MYRO will trade very high in the billions Everyone likes the dog.” His endorsement of the project seems to be contributing to the current positive momentum.
Moreover, another analyst Trap Trader also provided a bullish technical analysis of Myro through a tweet shared on X (formerly Twitter). He indicated that the macros and price action patterns showed that Myro was primed to rally further.
Specifically, he said a buying zone between $0.432 made it an opportune time to accumulate more of the token to profit from upcoming gains. His accurate identification of price movement in the past has given credence to his view on Myro.
The official handle for Myro also announced the exchange listing, indicating the team was focused on expanding the token’s reach. Given the increased access and derivatives market opening up due to the HTX listing, analysts believe Myro’s rally is imminent.
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