Roaring Kitty, the pseudonym of the trader who gained fame for his role in the GameStop short squeeze of 2021, is back, and so is the rise in GME’s stock price.
As if revisiting the start of 2021, markets have turned bullish with the return of this retail investor icon.
Responding swiftly to the market excitement, Solana meme coin developers have capitalized on the momentum by launching and promoting various new coins, with KITTY emerging as the standout performer at the time of writing.
This article will analyze KITTY’s current price trends and look to see whether an innovative new meme coin, Dogeverse, represents a more promising investment opportunity.
— Roaring Kitty (@TheRoaringKitty) May 13, 2024
Legendary Leader of the Wall Street Bets campaign for GameStop (GME), Roaring Kitty has returned to X (Twitter), and Solana meme markets are witnessing a major surge for name-linked tokens like GME, STONKS and, in this instance, KITTY.
KITTY Price Analysis: Can Solana Meme Coin Rally Sustain After Roaring Kitty Return Hype?
As price action continues to hammer to the upside, the Roaring Kitty token is currently trading at a market price of $0.0.0366 (representing a 24-hour change of +21,247%).
This comes after KITTY price roared out of capitulative price levels in a dramatic surge, triggered by Roaring Kitty’s first return to X post at around 1AM on May 13.
The hours since have seen strong buy pressure (currently representing 54% of transactions) has fuelled major gains, with few signs of slowing down after a well-established support zone emerged between $0.01 and $0.02.
Now in a second rally leg, KITTY is targeting a further upside move, as bulls hold strong at a shocking $27M market cap.
These heights induce risk.
However, a strong upside move from here could see KITTY surge to $100M superstar status – offering as much as a 4x return for investors here.
Yet, with late-stage entries all that’s left, many are shifting their attention to presale tokens poised to explode in similar fashion over the weeks to come.
Discover the Next Solana Meme Coin to Pump in May 2024: DOGEVERSE
While SOL offers a market leader opportunity, the biggest gains can be accrued through presale opportunities, which position investors as early birds able to capture the lion’s share of project growth—just imagine investing in KITTY before it hit the market and skyrocketed 22,000%.
I heard they like it doggystyle #Memecoins #Playboy #Altcoins #Ethereum #DOGE #Crypto #MemeCoinSeason2024 pic.twitter.com/xHncKHuyaw
— DogeVerse (@The_DogeVerse) May 11, 2024
One such opportunity in the SOL ecosystem is the DOGEVERSE presale – which has unlocked viral success over the last two weeks to hit $15M raised in the ongoing presale.
Aiming to be the first multi-chain incarnation of DOGE, DOGEVERSE is positioned to grow rapidly as market participants race to grab a piece of the pie.
DOGEVERSE is still raising funds at the presale stage and will start preparing for exchange listings very soon.
The post Roaring Kitty Returns: Solana Meme Coin Skyrockets, Another Dog-Coin Primed to Explode Next? appeared first on Cryptonews.
