In recent times, meme coins have been dominating the crypto market, with various investors already choosing them over prominent coins in the market. Not only that, the profit that people are amassing from these coins has also increased dramatically. Recently, there was a case of a man who made a profit of $2 million in just 2 weeks by investing in a meme coin.
The MANEKI coin is also a meme coin that is based on the Solana platform and is inspired by the Japanese Maneki-Neko, a cat figure in Japanese folklore that is expected to bring good fortune to people.
In this article, we are going to look into how the coin is performing in the market and whether the sudden spike in the coin’s price is the result of a bull run or not.
MANEKI’s bull run in the market
MANEKI, one of the top meme coins in the Solana network has experienced a huge surge in the market this month. With an increase of 22.06% in just the last 30 days, the MANEKI coin’s bull run was indeed quite profitable for a lot of investors. Upon its launch in April, the coin quickly gained traction in the Solana platform.
This traction only lasted for a short while and the coin went into a downward spiral from there. But lately, the coin started showing signs of a huge comeback. With an increase of 22.06% in just the last 30 days, the MANEKI coin’s bull run was indeed quite profitable for a lot of investors.
Before the bull run, the coin’s price in the market was standing at $0.005736, but during the bull run, it spiked to a high of $0.0082998. As the coin, continues the bullish trend in the market, various experts are claiming that the coin’s good fortune is finally showing.
Factors influencing the MANEKI coin growth
As the MANEKI is a meme coin, there are many factors that can influence the price of the coin. Here we are going to look into some of them.
- Culture: The MANEKI coin is based on the Maneki Neko figure of Japan’s culture that is said to bring luck and prosperity to the people. This cultural appeal of the coin gains the attention of a number of investors in the market.
- Community: As the community of a meme coin thrives, its price in the coin tends to follow suit.
- Luck-based coin: The Maneki Neko is a luck based figure. Associating luck with a coin has gained the attention of a lot of people in the crypto market.
All of these directly or indirectly are responsible for the recent growth of the coin in the market.
MANEKI coin’s current market performance
As the coin’s bull run is in full tow, MANEKI is now trading at $0.007086. With a 2.9% increase in the coin’s value in just the last 24 hours, the coin is slowly but steadily gaining momentum in the crypto market.
With a total circulating supply of 8.42 billion, the market capitalization of the coin is standing at $59.39 million. Various experts in the market are claiming that if the coin maintains its current growth rate, we may see it crossing the $60 million mark.
What the future holds for MANEKI coin, price prediction
Inspired by Japanese folklore, the MANEKI coin has been performing exponentially well in the market. With a monthly increase rate of 22.06% and a weekly rate of 0.16%,
| Year | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| 2025 | $ 0.012385 | $ 0.01872 | $ 0.029232 |
| 2026 | $ 0.006064 | $ 0.009946 | $ 0.015705 |
| 2027 | $ 0.006647 | $ 0.002474 | $ 0.014147 |
| 2028 | $ 0.011403 | $ 0.015348 | $ 0.023151 |
| 2029 | $ 0.020069 | $ 0.02908 | $ 0.046203 |
| 2030 | $ 0.018316 | $ 0.02248 | $ 0.026954 |
Is the MANEKI a good buy?
Launched in April 2024, the coin has gone through various ups and downs in the market. But in the last month, the fortune for the coin has finally turned up. With a strong and vibrant community backing the coin, it still has the potential to rise even higher in the market.
But the fact remains that the MANEKI coin is a meme coin and the value of a meme coin is entirely dependent on social media. As the MANEKI coin was listed in numerous exchanges recently, along with Japan’s beckoning cat theme, the coin became trending on social media. This directly resulted in the coin’s price surging.
However, we cannot say for sure, how long this bull run will last. Since its start a month ago, the bull run of the coin has slowly lost its edge. So, if you’re considering in investing in it, make sure to conduct your research before proceeding.
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