Beercoin price has been soaring recently, reaching a record high of $0.000572, up more than 700% from its lowest point last week. This surge has propelled its market cap to over $276 million, making it one of the top Solana meme coins. The number of Beercoin holders has also been growing steadily, with over 40,000 holders now and increasing by the day. This growth in popularity can be attributed to the increasing number of centralised exchanges listing the coin, making it more accessible to traders. Major platforms like Bitget, Gate, ByBit, and MexC, as well as decentralised exchanges like Raydium and Jupiter, now offer Beercoin for trading.
The daily volume of the $BEER token has seen a sharp increase in the past few days, with CoinGecko data showing a jump to over $183 million on Tuesday from $69 million on Monday. Beercoin’s success is part of a larger trend among Solana meme coins, with other tokens like Dogwifhat, Bonk, Book of Meme (BOME), Cat in a Dogs World, and Popcat also experiencing significant market cap growth this year. Developers are increasingly choosing Solana as the platform to launch their meme coins due to its superior speed and lower transaction costs compared to Ethereum.
Beercoin, which bills itself as liquid gold, recently completed a successful token sale, raising millions of dollars from investors. The chart analysis for Beercoin shows that the token price has been on a bull run, hovering around the $0.000572 mark. The outlook for the token is currently neutral, with potential for further upside if it breaks above this level and reaches the first resistance point at $0.0007. However, there is also the possibility of a retreat if investors start taking profits. As Beercoin continues to gain popularity and more exchanges list the token, its price and market cap are likely to see further growth in the coming days.
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