After what seemed to be an unstoppable race, Official Melania Meme – a new meme currency linked to the first lady of the United States Melania Trump – finally succumbed to a total collapse, losing almost 80% of its maximum value of $ 13 in a span of a few days.
The price of Token, according to CoinmarketcapIt now quotes around 2.4 dollars and its market capitalization, which initially shot at 6,000 million dollars, has suddenly reversed below the threshold of 500 million dollars.
The current adversity of Melania Meme is not a surprise, considering the strong mass sales by the holders who are now more focused on the best meme currency alternative to buy.
As the sales frenzy continues to gain impulse, the downward movement of the Token is becoming even more intense, which means that the Token could possibly lose its support level of $ 2.
Can bullies get an advantage and generate another rebound for $ Melania? Or will Token experience a greater fall in the next few days? Our experts deepen the potential performance of the price of the melania meme to determine if it is currently the best or the worst cryptocurrency of meme currency to buy.
OFFICIAL PRICE ANALYSIS OF MELANIA MEME: Is the next $ Melania movement a recovery?
For almost two days after its launch, the MEME coins merchants, particularly those that Trump initially bought, were rotating their earnings from Melania. The shopping wave caused an increase of more than 2000% in the price of the meme currency and also raised its market capitalization above 6 billion dollars.
After that pumping there was a great correction. However, due to the positive market conditions that promoted Bitcoin at its maximum price of $ 109,000 on Monday, it was not until Wednesday that the price of Token Melania began to fall significantly.
At the time of this publication, the Token is stagnant around the level of $ 2.4, a fall of more than 55% in the three -day graphics as merchants continue to sell their holdings. Its daily volume of operations has also collapsed 35% to 117.06 million dollars, which suggests the growing level of pessimism over its potential.
The 4 -hour melania/USD graph shows a more gloomy panorama. However, the resistance remains at 3 dollars, which could be the entrance door to brighter horizons. A rupture here could pave the way for a rebound towards $ 7.79, with $ 10.99 as a distant but attractive peak.
On the contrary, not defending the current level could carry the price of $ Melania to lower levels, with $ 1.8 acting as the following defense line.
Meanwhile, Jacob Bury, a famous cryptography analyst with more than 54,000 subscribers on YouTube, has offered a deeper perspective in the Melania market. In a brief video, Bury says that it will be difficult for the meme coin of Solana to recover its upward force if there is no true roadmap, conviction or purpose.
While the broader market conditions are expected to play a crucial role, the youtuber does not see any purchasing frenzy or price increase for $ Melania unless there is a strong catalyst.
Will $ Melania be recovered above the $ 5 mark?
The RSI in 31.37 echoes the fatigue of the market, which suggests an intense selling activity. However, with the meme currency wandering in over -sales territory, the bulls could still generate another purchase pressure to generate a rebound.
A triumphal increase beyond the 50 average levels could rekindle hope and draw a recovery path in the midst of this volatile storm.
In this history of precaution and possibilities that are developed, operators must navigate with prudence and vision. However, reaching the 5 dollars require more than a fundamental strength; The mood of the Melania coin market must change.
The meme index could be the best bet of investors to crush the meme coin market
The general profitability of Official Melania Meme means two things. First, it is always better to start early with meme coins and get profits as soon as possible. The people who entered the Token very early and obtained their profits before their massive pricing correction obtained great profits, while those who bought at the peak suffered losses.
Secondly, diversification is key to success in the MEME and index currencies market offer a more strategic and simplified way for degen investors to achieve it.
There are several indexes, but they do not represent the true spirit of the meme coin market due to its centralized nature. This is where Memes index It intervenes, offering decentralized rates that provide total control to community members, allowing them to decide which tokens can be added or eliminated occasionally.
However, being a community -centered project is not the only factor that has positioned Meme Index in the Degen investors surveillance list. The four project indexes, which are designed to complement the varied propensity of investors to assume risks, have also greatly contributed to their growing appeal.
The first, according to Meme Index, is called meme titan and contains high capitalization meme coins, especially those that exceed the market capitalization point of one billion dollars. Taking into account the fact that the tokens of this basket are well established and have stable price movements, it could be a more suitable option for those looking for less risk opportunities in the Meme currency market.
The next step is known as MoNshot index and presents meme coins that are close to reaching the market capitalization level of one billion dollars. They are listed in first level exchanges or are about to quote, but have a vibrant community.
There is also the MIDCAP index, which can be a valuable option for those who can support a certain level of risk. The meme coins that are covered in this basket have mostly between $ 50 million and $ 250 million in market capitalization, but they have the potential to dethrone Moonshot tokens. The last one, known as Frenzy Index, is for those who seek investment opportunities with the greatest reward and the greatest risk.
$ Memex, the token that drives the ecosystem, will serve as a ticket for investors to access any of the baskets. This simply means that having the Token provides a unique opportunity for investors to sail through the volatile currency market meme according to their risk levels at once.
Moreover, as mentioned earlier, tokens holders will maintain total control over how each index will be rebuilt from time to time, which will turn Memex into a DAO -based meme coin.
This, together with the impressive bets offered by the project, has promoted the strong interest of investors in the Token. His presale is running out faster than expected, having raised about 3 million dollars in a few weeks.
As the presale takes more impulse, media of cryptographic news accredited as Cointelegraph They have discussed the importance of decentralized meme index basket offers for the MEME Coin market in rapid movement.
Popular cryptographic personalities such as Claybro have also reflected on the relevance of Meme Index, describing it as the best bet for investors seeking to crush the market.
With the adoption of meme coins growing every day, it is more likely that Meme Index attracts a large user base, which could possibly trigger a 10 -time growth for memex in the coming months.
