Kermit Price Analysis: New Kermit Crypto Token Explodes 600x on Solana Meme Coin Markets - Could This New Cryptocurrency Rise Next?

Kermit Price Analysis: New Kermit Crypto Token Explodes 600x on Solana Meme Coin Markets - Could This New Cryptocurrency Rise Next?

In the recent Solana memecoin explosion, the new token-based Muppets Show token Kermit (KERMIT) has seen a 600x increase in 24 hours. However, analysis of the KERMIT price suggests that a new dog-related coin, Dogecoin20, may represent a more promising investment opportunity. The article analyzes KERMIT's current price trends and examines whether Dogecoin20 offers a better investment opportunity at this time.

KERMIT Price Analysis: How High Can Kermit Token Rocket Rise?

Currently, the Kermit token (KERMIT) is trading at a market price of $0.020, with a 24-hour increase of +533,106%. Solana memecoin launched on a DEX listing at midnight (UTC) on March 19 and exploded +600,000% in the first hour to an all-time high of $0.029. However, over the following 17 hours of trading, pullbacks and consolidations dominated KERMIT price action after resistance from the all-time high sent the price down 76% to support at $0.00675.

Nevertheless, the well-hedged consolidation at this level has set the stage for a rebound by KERMIT. The token is currently in a bullish “panhandle” pattern and has rallied +173% from support. The main focus now is the resistance below the all-time high at $0.027, which is the main barrier to a second upward impulse. Buying pressure remains strong, accounting for 60% of transactions in the last hour.

However, there is also reason for concern due to the project's extremely high market capitalization. The market value stands at an impressive $18.9 million, reducing the growth potential from here. Even if the project were to take a big step from here to a $100 million market cap, it would only represent around a 5x return for traders at this stage. This suggests the importance of getting started early.

That's why FOMO investors are turning their attention to an earlier opportunity with huge potential - the Dogecoin 2.0 presale - which offers the chance to get on board the next rocket at a $3 million market cap.

Introducing Dogecoin20: The Next Evolution in Meme Coins

Witness the birth of a new era in cryptocurrency as Dogecoin20 emerges as the next big breakthrough in the memecoin sector. Dogecoin20 has already raised over $3 million in the first few days of its presale phase, cementing its place in the headlines. This innovative token pays tribute to the original Memecoin while forging its own path of innovation and utility.

Dogecoin20 is not just another memecoin; it is a force for innovation. With a limited supply and an ingenious staking system, this token rewards active participation and protects against inflation, setting a new standard for memecoins.

More than just a token, Dogecoin20 embodies the spirit of “Do Only Good Everyday”. With a roadmap focused on charity, community support and real-world impact, this project aims to redefine the crypto landscape and pave the way for a brighter, more inclusive future.

Be part of this revolution. Follow Dogecoin20's journey on Twitter or join their Telegram for the latest updates. Are you ready to dive in? Visit their website to purchase and stake tokens.

Don’t miss out on the next big thing in the crypto world – join the Dogecoin20 revolution now!

Note: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.