In a low cap Solana meme coin skyrocket, the Dork Lord token (DORK) has exploded +83,810%.
This article will provide an analysis of DORK’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.
$DORKL / #DORKLORD / Dork Lord$DORK from 168K MC to over 1.8M MC for a proper 10X banger! We're heads down sprinting for Queries launch, but we gotta take time for some bullposting too.#solbangersonly #MemeCoinSeason2024 pic.twitter.com/FjpsD2Y8Z2
— SOL Bangers Only (@solbangersonly) April 21, 2024
Dork Lord is a fresh-faced PEPE-style token, built on Solana, which gained major traction on Crypto X (formerly Twitter) after being spotlighted by a number of SOL meme coin callers and alert bots.
As price action mounts an impressive consolidation, Dork Lord token is currently trading at a market price of $0.000914 (representing a 24-hour change of -11.07%).
This comes after DORK launched at just 23:00 UTC on April 20, in a move that gained strong initial traction which saw price climb +10,454% in just hours – to hit an all-time high at $0.0047.
Retracement saw DORK price slam down -87% in a quick-fire sell-off to current levels – which see DORK consolidating between lower support at $0.00085 and $0.0016.
A well-defended consolidation move by 3,430 holders has left DORK’s price in strong technical form, with price action now poised for a potential second rally.
Indeed, with a market cap now sitting lower at $813k, it is not unrealistic to expect a potential 5x to 10x return from Dork Lord if market attention returns to this promising project.
Although while holders may trade on chance, investors seek better, longer-term opportunities.
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