Myro Price: Why is Myro (MYRO) Trending Today?

Solana meme coin Myro price is skyrocketing today, trading above $0.15 and recording more than 40% price surge in the last 24 hours. Not only today the MYRO token has been performing beyond expectations of the investors for the past few weeks.

In addition to the price of MYRO tokens, its trading volume rose by 110% in the last 24 hours and is now standing above the $60 million mark. The market capitalization is also increasing multifold, nearly more than doubling within the last week going from around $75 million to $150 million that is recorded today. 

What Exactly is Myro?

After the Ethereum-based meme coin trend and the BRC-20 tokens, the Solana meme coins took the reins of the crypto market. Myro is one of the Solana-based meme coins that is gaining a lot of attention lately. It was named after Solana co-founder Raj Gokul’s pet dog “Myro”. 

The Myro meme token is a homage to Raj Gokul and his dog, capitalizing on the on-going meme token trend in the crypto industry. However, it is not just going to be limited as a meme coin and is going to bring some major utilities like staking. The team behind Myro is confident that it is capable of offering a simple, secure, and accessible meme coin for all the crypto investors. 

Market Performance of MYRO Token

The MYRO token price is witnessing a huge price surge of more than 40% today. In the last 24-hours, it went from around $0.10 and briefly touched the $0.17 mark. The market capitalization value of MYRO tokens more than doubled in the last week, crossing the $100 million mark within a short span.

The fact that the MYRO token rose by 3,800% since its launch in November, 2023 is noteworthy. The initial token price of MYRO was around $0.004 and it traded sideways for several weeks until the end of December, 2023. 

Despite other Solana-based meme coins like BONK and WIF recording gains, MYRO remained silent for the entire December month. As soon as we entered the new year, the price of MYRO token started an upward movement. 

The MYRO token witnessed a sharp price spike on 6 January, 2023 and reached the $0.09 level. After that, the MYRO price went through price retracement and dropped to $0.05. However, the hype around the project and social media endorsements have brought another price surge. Thus, the MYRO token is currently trading above $0.15 level, turning all eyes in the crypto industry to itself. 

Why is Myro tending today?

The ongoing price rally of MYRO tokens is raising the interest of investors in the crypto industry. The increasing investor sentiment can be observed in both Google searches and social media posts. Thus, the increase in investor sentiment in the MYRO token is clearly reflected in Google Trends today. 

The Google Trends graph takes the search volume of a particular keyword into account. And, the Google Trends graph of MYRO token is going upwards and is about to reach the peak volume later today. 

While the ongoing price surge of MYRO tokens is the major reason behind its trend, the endorsements of various influential figures on social media platforms like X.com are also contributing to its growth.

MYRO to Surpass BONK and WIF Tokens

Solana based meme coins have been stealing the spotlight in the crypto industry for the last couple of months. BONK, WIF, JTO, and MYRO are the major ones among them

BONK and WIF are the two major Solana-based meme coins that witnessed price surges, causing the overall activity on the Solana blockchain to improve. The listing of these tokens, including the Jito token JTO, on major crypto exchange platforms is another factor that drove the overall growth of the Solana. 

MYRO tokens have already surpassed the BONK and WIF tokens’ growth. Today’s ongoing price rally and search volume on Google Trends show that it is not impossible for MYRO tokens to enter into the top meme coins list.