Can Solana Meme Coin Musk Moon Really Give 18,000% Return? 

Musk Moon (MUSKMOON), a brand new meme coin on the Solana blockchain, might enhance by over 18,000% quickly in market cap. The bullish outlook seems because of MUSKMOON’s upcoming listings on a number of cryptocurrency exchanges, bettering liquidity, which, in flip, might result in broader adoption amongst merchants.

At present, the Musk Moon meme coin is just accessible for buy on decentralized Solana exchanges akin to Jup.ag and Raydium.io. Centralized exchanges present better liquidity, ease of entry, and broader viewers attain, which might entice extra traders to the Musk Moon token.

As an example, when cash get listed on platforms like Binance, Coinbase, or Kraken, they have an inclination to expertise a value surge because of elevated visibility and accessibility.

Will Musk Moon Worth Truly Rise Like Different Meme Cash?

To know the potential of Musk Moon, it’s essential to think about the returns early traders noticed with Shiba Inu and Dogecoin. Early traders in Dogecoin, which began as a joke in 2013, noticed an exceptional surge in 2021. Dogecoin’s preliminary worth was round $0.00029 and in 2021, the token reached its all time excessive of $0.7, growing by over 12,000% inside just a few months.

For Shiba Inu, those that invested at its launch in August 2020 noticed returns of over 21,000,000% when SHIB reached its all-time excessive in October 2021. For instance, an funding of $1,000 in SHIB at launch would have become over $200 million at its peak.

If Musk Moon replicates even a fraction of SHIB or DOGE’s success, it might flip a modest funding into a large sum.

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Very Poor Liquidity, Although

MUSKMOON started with over $3,000 in liquidity, which, whereas seemingly spectacular for a brand new launch, pales compared to bigger, extra established tasks. It’s not substantial sufficient to mitigate the dangers of slippage or volatility, notably if there’s a sudden inflow of patrons or sellers. Due to this fact, early traders may nonetheless face challenges when making an attempt to commerce Musk Moon, particularly in unstable market situations.

Moreover, requiring customers to navigate decentralized exchanges like Raydium.io or Jup.ag presents extra obstacles for much less skilled traders. Wallets like Solflare, MetaMask, or Phantom may be arrange shortly. Nevertheless, the method nonetheless provides complexity in comparison with shopping for on centralized exchanges. This technical hurdle could deter potential traders, limiting the token’s accessibility.

It’s true that curiosity in new memecoins might rise as established tokens like Shiba Inu, Dogecoin, and DogWifHat face value stagnation. However counting on this development appears speculative at greatest. These bigger memecoins have developed substantial communities and model recognition, which Musk Moon lacks.

Moreover, memecoins are inherently dangerous, and Musk Moon might fail to face out in an already saturated market, the place numerous comparable tasks compete for consideration. Finally, positioning itself as the subsequent large alternative could also be untimely, given its liquidity limitations and the challenges of gaining traction within the aggressive Solana ecosystem.