New Solana Meme Coin Rival ‘LIGMA’ Skyrockets 188,000% in 24 Hours – Is This Other Coin the Next Dogecoin
As Solana meme coin markets stay hot, a new meme coin, LIGMA token, has seen huge +188,000% gains in less than 24-hours.
And now, market attention is shifting to this other coin.
This article will provide an analysis of LIGMA’s current price trends, and look to see whether the latest incarnation of Dogecoin , represents a more promising investment opportunity.
$LIGMA node is either one of the best investments to make right now ($1.1M) or worst.
If the claims are true (Faster preformance than deeznode), you will see this token skyrocket to $100M+ overnight.
Is it worth the risk? I don't know. But i just bought $1k worth of it.
— DemCrypt (@demfitsu) March 26, 2024
Yet, despite its testicular name, this new meme coin could be on the verge of major gains, with investors’ optimism growing amid LIGMA’s claims of soon launching the fastest nodes on the Solana network.
As price action stabilizes following a dramatic launch, LIGMA is currently trading at a market price of $0.00173 (representing a 24-hour change of -7.1%).
LIGMA launched at midnight (UTC) on March 25, in a move that saw impressive traction in the first two hours.
A huge influx of over $3.28m in volume flooded in, with Solana meme coin investors flocking to the project’s promise of genuine infrastructural utility.
The surge in buys fuelled LIGMA price on an aggressive +188,000% climb, with the price hitting an all-time high at $0.0031.
However, with the price dramatically over-extended, in the hours since, a -74% retracement move set in.
But, in a remarkable display, this has been incredibly well-defended by more than 2.78k holders – with price action consolidation above strong support at $0.001.
This creates opportunity, with genuine utility still at the heart of the hold
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