GRAPH Token Goes Viral on Solana and This New Dogecoin ICO is Poised for Takeoff
In the latest dazzling Solana meme coin pump, a Graph token spin-off called ‘SOLGraph’ has skyrocketed in popularity as prices hit new highs.
This article will provide an analysis of GRAPH’s current price trends, and look to see whether the latest incarnation of Dogecoin, represents a more promising investment opportunity at this time.
SOLGraph is unique amongst the meme coin trend, in so far as having actual utility, with the token forming the settlement layer of a new SocialFi project on the Google App-store.
As price action attempts to consolidate, SOLGraph is currently trading at a market price of $1.00 (representing 24-hour change of -25%).
This comes amidst a tumultuous retracement move, which has left GRAPH price battling to establish consolidation above support between $0.90 and $1.
Launched at just 9 AM (UTC) on March 24, SOLGraph gained quick traction, exploding to hit resistance at $0.72 in the opening hour.
A brief period of consolidation here saw price action swing up, to hit an all-time high at $2.08 around 11 AM – a move fuelled by an influx of over $4m in trading volume.
Yet, in the hours since, a retracement move has gripped the chart, with price action tumbling in a volatile return to lower support – however, if 2.32k GRAPH token holders can defend this zone successfully, it could set the stage for a major resumption of upside moves.
Indeed, SOLGraph’s market cap is still standing relatively low at $1.06m, therefore GRAPH token current prices represent a strong potential entry for late-stage investors with as much as a 5x gain on the short-time frame possible from here.
But, for Solana meme coin traders looking for bigger rewards, the key to success is getting in early, and an emerging Dogecoin presale offers
Read more on cryptonews.com
