However, the Solana-based memecoin Myro (MYRO) is currently experiencing extreme volatility, which characterizes its prospects. Myro’s price has increased dramatically during the last day, reaching a high of $0.2607 with notable growth rates. As of the time of writing, these growth rates range from a gain of more than 15% to a 2% decline.
The Special Milestone of Myro
Myro’s expansion is dependent on the Solana protocol’s overall optimistic view, which has aided in the memecoin’s increased popularity. Numerous rival memecoins with noticeably large price swings have entered the Solana ecosystem since the third quarter of 2023, when BONK resumed its ascent.
The token, which was designed to resemble the name of Solana co-founder Raj Gokal’s dog, was among the memecoins that first appeared on Solana last year. Thanks to the initial buzz, it quickly gained popularity.
Myro has increased by more than 1,100% from a low of $0.001995, which was reached back on November 14, 2023, to an All-Time High (ATH) of $0.2607, which was reached just two hours before this writing. With an estimated 24-hour trading volume of $88,795,158, Myro has surged to become the fifth largest memecoin on the market as a result of its remarkable gain to far.
The only cryptocurrencies that score higher than memecoins are Dogecoin (DOGE), Shiba Inu (SHIB), BONK, and Dogwifhat (WIF). As previously noted, this current statistic highlights the ongoing interest in Myro given that it flipped PEPE in trading volume.
Playing with the Solana Mobile Incentive?
Myro has received a remarkable increase in social media mentions now that it is trending on X. It is noteworthy that, given the loss of profits made by other successful memecoins from the previous year, such as AnaloS, only BONK and Dogwifhat currently have greater capitalization than Myro.
Myro’s expansion and recent fervor could be indirectly related to the recently revealed Solana Mobile update. According to the precedent set last year, obtaining a Solana Mobile phone might grant owners access to airdrops from projects developing the ecosystem. In just one day, there have been over 30,000 pre-orders reported.
Memecoin farmers are especially interested in these airdrops, which is what gave Myro its unusual recognition over night.