Popular crypto influencer Ben Armstrong has compared Solana’s trending memecoin Myro (MYRO) to Shiba Inu (SHIB).
As the memecoin frenzy continues, many investors are out searching for the next huge potential project to back.
While some are fortunate to get in incredibly early to projects, others simply follow the most trending coins, with optimism that there is still significant room for price appreciation.Â
Popular crypto influencer Ben Armstrong is among those touting an investment in an already trending project, one that belongs within the Solana memecoin ecosystem.
Dubbed Myro, the memecoin project brands itself as the Solana founder’s dog and has already made significant strides in recent weeks.
Yet, Ben Armstrong foresees Myro becoming the Shiba Inu of the upcoming bull run. Notably, Shiba Inu reached an all-time market cap high of $43 billion during its peak in 2021, leaving massive room for growth if Ben Armstrong’s wild prediction comes through.
The popular influencer also compared Myro to its more prominent Solana counterpart, Bonk, which is already listed on leading cryptocurrency exchanges. Bonk’s current market cap peak stands at $1.5 billion, with total gains exceeding 10,000%.
$MYRO is the $SHIB of this bull run. Get ready. I am starting to wonder whether or not it actually could flip $BONK.
I have $BONK too so I don't really have a dog in the fight. Well… actually… never mind you guys wouldn't get it
— Ben Armstrong (@BenArmstrongsX) January 18, 2024
Myro Outperforms Broader Crypto Market
Ben Armstrong’s Myro call comes at a time when Myro has posted significant gains. Myro has gained nearly 5,000% since its launch, with a further 100% gain in the past 48 hours, putting it among the top trending coins tracked by CoinMarketCap.Â
The latest surge in interest in the memecoin comes at a time when most leading cryptocurrencies, including Bitcoin, have struggled. In the past 24 hours, Bitcoin has lost the crucial support level at $42,000, while the global crypto market dropped by over 3%. XRP also lost the critical $0.55 support.
Myro, on the other hand, has gained over 70% in the past seven days. The memecoin is trading at $0.2 at the time of writing, having set a new high of $0.245 on January 18. However, amid this sustained growth, investors should advise caution.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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