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Hot New Memecoins: Should You Buy PANDA and STRUMP?

Daniela Kirova
Daniela Kirova
Daniela Kirova
Author:
Daniela Kirova
Writer
Daniela is a writer at Bankless Times, covering the latest news on the cryptocurrency market and blockchain industry. She has over 15 years of experience as a writer, having ghostwritten for several online publications in the financial sector.
June 4th, 2024

Panda Swap (PANDA) is one of the most popular new coins, still trending at #2 on Coinmarketcap. As of the time of writing, it has added almost 30% to its value, slightly off from its all-time high.

Super Trump (STRUMP) might seem like one of the many Trump meme coins, but it is unique in several ways. It’s also seeing high demand, up 20%. Here are our PANDA and STRUMP price predictions to indicate whether you should invest in the coins.

PANDA is a better long-term buy

Due to its ease of use and low transaction fees, Solana has become home to many meme coins. One of them is PANDA, which has the potential to attract a whole new wave of investors and trigger runs on some of Solana’s most popular coins.

Panda Swap’s features include trading, liquidity pooling, yield farming, and project launches. Its stop-loss orders and lightning-fast swaps help it stand apart from other meme coins.

However, the Panda Swap price trend has been bearish over the past month, reflecting continuous downward market pressure. It has been trading from $0.0044 to $0.0077 over the past week. This fluctuation indicates that the overall market sentiment is negative despite occasional recoveries. Moreover, its market cap is only around $5 million.

PANDA is currently trading for just under $0.007, but it is expected to surpass $0.032 by 2028.

Super Trump: Not another Trump meme coin

On June 2, the Super Trump price gained 28%, reaching $0.019. It has surged 409% in the past week, raising its market cap to $48 million.

Technical indicators are bullish. The price is currently above the 21 and 50 SMA, boosting market sentiment and supporting the upward trend. This will let bulls push the price toward 200 SMA. The MACD is also bullish. The blue line shows positive momentum, crossing above the orange line. Another bullish sign is the positive histogram bars.

It was predicted on June 2 that the STRUMP price had to close above $0.024 before it became an attractive buy again. This has happened, with the price currently at $0.02644.

Why isn’t STRUMP just another Trump meme coin? The platform distributes the majority of its transaction fees toward liquidity, treasury, burn, exchanges, marketing, and staking/farming. STRUMP’s roadmap outlines strategic milestones such as listings on prominent crypto exchanges, plans for community engagement through partnerships, and marketing campaigns across various social media.

Contributors

Daniela Kirova
Writer
Daniela is a writer at Bankless Times, covering the latest news on the cryptocurrency market and blockchain industry. She has over 15 years of experience as a writer, having ghostwritten for several online publications in the financial sector.