'Shiba Inu Of Solana' Myro Bites Off 31% One-Day Gain: 'God Candle Coming Soon,' Says Trader

Myro MYRO/USD is up 31% in the past 24 hours, buoyed by recent listings over the last week, with analysts optimistic about the token's prospects.

What Happened: On March 12, Uphold, a multi-asset digital money platform used widely across the U.S., announced that Myro will now be available on its platform.

The exchange tweeted: “Named after the cherished pet of Solana's Co-Founder. Join us in welcoming this unique addition to our platform.” Additionally, on March 9, India’s popular crypto exchange SunCrypto listed Myro on its platform.

Coinpedia Markets, a crypto price tracker with live prices and analysis, also announced that it has listed Myro.

According to DEXScreener data, Myro witnessed a trading volume of $3.1 million across 2,084 transactions in the past 24 hours, with liquidity at $2.1 million.

Also Read: Bonk Goes Bonkers With 62% Daily Gain, Eclipsing Dogecoin, Shiba Inu: Whale Trader Pockets $2.9M

Why It Matters: With a single-day gain of 31.4%, Myro’s market capitalization has surged above the $400 million mark within just three months. This marks a new all-time high at $0.4378 at the time of writing.

In comparison, Dogecoin DOGE/USD and Shiba Inu SHIB/USD have posted single-day gains of 8.5% and 2.5%, respectively.

A widely-followed crypto trader, Bluntz Capital, suggested that there isn't much time before a "god candle."

Another trader praised the Myro team and community, stating that a valuation of $1 billion is "incoming."

The Wolf Of Crypto Streets agreed, saying that Myro is headed “for a new all-time high and a God candle coming soon.”

Technical crypto trader Steph Is Crypto tweeted:

$MYRO has broken out of a significant bull flag on the daily timeframe! The technical price target is set at approximately $2.17, representing an upward move of roughly 450% from the current price! pic.twitter.com/IWR1xM5s3P

— STEPH IS CRYPTO (@Steph_iscrypto) March 14, 2024

Solana meme coins have been on a tear in recent weeks, with Myro standing out as one of the chain's star performers.

Read Next: Top 10 Meme Coins to Look Out for in 2024

Image created using artificial intelligence with Midjourney.