The meme coin market continues to surprise with new trends emerging daily. It has not disappointed in recent days. As the demand for trading bots increases, Solana has been noted as the hub for meme coins, with Axiom rising as the next big thing.
BeInCrypto analyzed two different meme coins that investors are trying to recover recent losses from.
AnimeCoin (ANIME)
- Launch Date – January 2025
- Total Circulating Supply – 5.53 billion ANIME
- Maximum Supply – 10 billion ANIME
- Fully Diluted Valuation (FDV) – $19.539 million
ANIME's price has surged 31% in the past 24 hours, trading at $0.019. The meme coin is now approaching the $0.020 resistance that it failed to secure last month. This resistance level is crucial for maintaining recent momentum and upward trend.
If ANIME maintains its current upward momentum and converts $0.020 into support, it could target the next resistance level at $0.023. Successfully breaking this level could indicate a strong upward trend and lead to additional price increases, attracting more investor interest.
However, if overall market conditions do not support this upward outlook, ANIME could decline. Falling below the $0.017 support would suggest a reversal, with the potential for the price to drop to $0.015. This could invalidate the bullish argument and signal further decline.
Brett (BRETT)
- Launch Date – May 2023
- Total Circulating Supply – 9.91 billion BRETT
- Maximum Supply – 10 billion BRETT
- Fully Diluted Valuation (FDV) – $37.552 million
Another notable meme coin, BRETT, has shown significant growth, increasing by 46% over the past seven days. This strong performance has pushed the meme coin to $0.036, despite the dominance of other meme coins in the market. BRETT's price movement suggests potential for further growth if key resistance levels are broken.
However, BRETT is now facing resistance at $0.038, a level it failed to break in March. If the meme coin successfully breaks this barrier, it could rise to $0.042, marking a new monthly high and signaling continued upward momentum that would attract investor interest.
Conversely, if BRETT fails to break above $0.038 again, the price could retreat to $0.030. This would invalidate the current bullish outlook, erase recent gains, and suggest the meme coin may struggle to maintain upward momentum in the short term.
Small Cap Corner, Axiom
Axiom, while not a meme coin, has caught the attention of meme coin enthusiasts. This Solana-based trading bot has recently seen a surge in demand, becoming the largest bot on the platform, surpassing existing bots like Photon, BullX, and GMGN.
Axiom's success is impressive, with recent daily trading volumes exceeding $100 million and accounting for 41% of Solana's total trading bot volume. The increase in bots for speculative trading provides a convenient solution, with Axiom contributing to this trend through its one-tap function for executing complex trades.
Particularly with meme coins, the increasing bot dependency for speculative trading provides an easier path for investors. As meme coin investments are often driven by volatility, Axiom offers a middle ground for users looking to trade these assets effectively. Considering the growing interest, a surge in trading bots is expected in the second quarter, and it's important for meme coin enthusiasts to explore these tools.
However, speculative trading, especially related to meme coins, inherently carries risks. BeInCrypto strongly recommends thorough research before diving into such investments.
