- Milady Meme Coin token has accumulated over 15k holders.
- Its volume has jumped and was the 27th in the past 24 hours.
- It is highly risky to invest in LADYS after the horrible returns of other meme tokens.
Milady Meme Coin price has risen in the past three days as the meme token continues gaining traction. Data by Bybit shows that the LADYS price was trading at $0.0000001348, which was about 248% above the lowest level during the weekend. This makes it one of the best-performing cryptocurrencies in the industry.
Is LADYS a good token to invest?
One of the top themes in the financial market recently has been the rise of meme coins. As I wrote in this article, this situation is being known as the meme coin season. The season has been characterized by a major sidelining of traditional meme coins like Shiba Inu, Dogecoin, and Dogelon Mars.
In their place, traders have been focusing on newer meme coins like Keke, Pepe, Mrs Pepe, and DogeCEO. Milady Meme Coin, popularly known as LADYS, is one of the top-performing tokens in the industry.
Data compiled by CoinMarketCap shows that Milady is the fourth most popular token in the platform after Pepe, DogeCEO, and Homer. Its volume in the past 24 hours stands at $110 million, making it the 27th token. The number of Milady holders has jumped to over 15k, according to data by Etherscan.
So, is LADYS a good investment? To answer this, we need to explain what Milady is. According to its website, LADYS is the meme coin of the Milady NFT collection. It describes itself as a self-organized meme coin.
In my view, I believe that Milady serves no utility and that it is not a good investment. The same applies to the other hyped meme coins like Pepe and Mrs. Pepe. Historically, new meme coins like Shiba Inu, Safemoon, and Bonk tend to rally during the hype era and then crash.
Read more: How to buy Safemoon.
Milady Meme Coin price prediction
From a tehnical standpoint, it is hard to make a good LADYS prediction for now because of the limited data. In the near term, I suspsect that the token will bounce back and retest the key resistance point at $0.00000025 as the hype continues.
In the long-term, however, using my experience tracking key meme coins like Bonk, Tamadoge, and Safemoon, I believe that LADYS will be much lower from where it is now in the next few months. If this happens, the next key level to watch will be at $0.00000041, the lowest point this month, which is about 70% below the current level.
