Myro is currently nestled within the Solana (SOL) blockchain. There are more than 944 million tokens in circulating supply, and the fully diluted market cap stands at just over $105.6 million dollars.
Myro was launched in November 2023, and its highest price peaked at $0.4295 dollars on 14 March 2024. Myro has also enjoyed a relatively healthy trading volume since its inception; signalling that it's indeed being bought and sold by users. This is likely due in part to the fact that Myro is recognized by several well-known crypto wallets; making it relatively easy for newbies to become involved. There are also several additional goals which have been highlighted by its developers such as:
- To increase the recognition of meme coins as a whole.
- To boost the popularity of the Solana blockchain.
- To onboard the number of Solana users employing Unique Active Wallets (UAWs) such as Phantom Wallet.
- To simultaneously increase the price of Solana ($SOL) tokens.
So, it's clear to see that the boys and girls behind Myro have high expectations for what this relatively new project has in store.
A Bit About Myro
The Myro meme coin is actually a tribute to a dog of the same name owned by Solana co-founder Raj Gokal. Not only is it intended to pay homage to man's best friend, but the token itself seeks to capitalize on the popularity of dog-based tokens that have become viral within the meme coin community.
As mentioned previously, one core tenet of the Myro movement is to democratize crypto trading by providing a user-friendly interface that won't require a massive amount of experience. Of course, there's little doubt that Myro has also been created to augment the sheer number of trades taking place across the larger Solana blockchain.
Say hello to the world famous Solana dog!CryptoLists.com
Myro is similar to other meme coins in terms of how it can be bought and sold. The fact that it offers low entry points is also a nice touch for those who might be wary about becoming involved with tokens requiring a significant investment (such as Bitcoin and Ethereum).
Myro can be obtained by first downloading Phantom Wallet. It's then possible to purchase Solana tokens from a recognized exchange or a $SOL bridge. Users may then obtain Myro tokens via platforms such as Raydium or Jupiter. However, we should note that it's also possible to purchase Myro directly via third-party exchanges including Kucoin, Bybit, and Crypto.com.
Another unique feature of Myro involves its integration within social media circles (Telegram being the most prominent at the moment). Thanks to a social-fi mobile application, it's possible to like posted cNFT images; allowing users to be eligible for a share in the final share price of Myro.
Utility of Myro?
Myro is essentially similar to many other meme coins in the fact that it's still a work in progress. While it can be considered to represent a medium-term investment, there are no guarantees that success will be achieved. Still, Myro offers a one-off opportunity to become involved with the massively popular Solana blockchain without risking undue levels of exposure.
Those who choose to invest in Myro are therefore looking towards the digital horizon. As their whitepaper states, another goal of the Myro project is to provide users with a bridge for everyday consumers into the cryptocurrency ecosystem. The fact that this is done in a fun and dynamic way should (at least in theory) attract enthusiasts who are looking to avoid the rather "dry" technical aspects of mainstream tokens.
Myro Price details
SOL Contract address: HhJpBhRRn4g56VsyLuT8DL5Bv31HkXqsrahTTUCZeZg4›› Details & Tokenomics
Advantages of Myro
+ Myro is backed by one of the founding fathers of Solana.+ As Myro has enjoyed a fair amount of volume, it's clear that significant interest has been generated.
+ Some analysts feel that Myro could experience a breakout during Q3 and Q4 2024.
+ Myro represents an interesting entry-level opportunity for newbies.
+ LP burns are ongoing; offering a means to increase value, and to offset inflationary concerns.
Disadvantages
- Like many other meme coins, there's no guarantee that Myro will offer a long-term profit.- Pronounced trading volume can sometimes lead to significant bouts of volatility.
- The team at Myro hasn't yet released any type of clear road map for the future.
- Myro is likely to face ongoing competition from other tokens within its class.
- Users may be subject to third-party transaction fees; potentially affecting profit margins.
Costs
▪ Rated at 9.5/10There are not any taxes when purchasing Myro. However, note that third-party wallets might charge additional transaction fees. For example, Jupiter will levy a fee of 0.2% on token outputs. This is why it's always important to examine the terms and conditions associated with a specific crypto wallet to determine which one offers the lowest costs.
Reputation and Buzz
▪ Reputation rated at 8/10▪ Buzz rated at 9/10
Myro has enjoyed a significant amount of popularity since it was launched, and this is likely due (at least in part) to the fact that it's the brainchild of one of Solana's co-founders. We should also remember that relatively robust trading volumes continue to attract those who're interested in more liquid positions.
Recent news articles have likewise cited Myro as one of the best risk/reward coins for July 2024, and a top buy for Q4 2024. The fact that the Myro price has dipped since early June has also caused a good deal of online buzz; many stating that it represents a promising medium-term buy opportunity.
FAQ
How can I buy Myro?
It's possible to purchase Myro on decentralized exchanges such as Jupiter. Simply exchange your SOL tokens for Myro. Note that you'll first need to download Phantom Wallet directly through the official Myro website.
Will Myro list on other exchanges?
Its developers claim that Myro will be featured on additional CEXs. However, there's not clear timeline at this point.
Can I view a Myro whitepaper?
It's possible to access a whitepaper by heading to the Myro website. You can then scroll through their landing page. A redirect link is found within their section devoted to common questions.
History of Myro
- 12 November 2023: The Myro token is introduced to the general public.
- 14 March 2024: Myro reaches an all-time high. This is then followed by a sell-off lasting until mid-April.
- 07 July 2024: Myro drops from 0.44 to 0.08 cents; a signal to many traders that a buying opportunity had begun to present itself.
Screenshots from Myro
More sites where to buy/sell/trade Myro
Below you can see some other platforms, exchanges and/or brokers where you can buy, sell or trade this token. Click on the logo to read our review.
