The viral Solana meme token, Useless Coin (USELESS), secured a Coinbase listing this week, adding to its Kraken and Binance Futures listings earlier this month.&#The viral Solana meme token, Useless Coin (USELESS), secured a Coinbase listing this week, adding to its Kraken and Binance Futures listings earlier this month.&#

Useless Coin Price Prediction After Coinbase Listing: Best Solana Meme Coin To Buy The Dip?

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The viral Solana meme token, Useless Coin (USELESS), secured a Coinbase listing this week, adding to its Kraken and Binance Futures listings earlier this month. 

The wave of new Tier-1 listings hasn’t done much to reduce the selling pressure on USELESS, as the token is down by 20% on Thursday. 

However, experts note that it is quickly approaching key buy zones while forming a bullish divergence with its on-balance volume (OBV). Several prominent traders have already started to dollar-cost-average into the meme coin. 

As per several Useless Coin price predictions from prominent analysts, it remains one of the best Solana meme coins to buy for the long term and appears poised for a multibillion-dollar valuation. 

However, sidelined investors don’t need to FOMO buy just yet, especially with a MACD death cross. 

While USELESS carves a bottom, Wall Street Pepe has established itself as one of the best low-cap Solana meme coin investments with high upside potential.

Useless Coin Price Prediction: When To Buy And What Returns To Expect From USELESS?

Useless Coin has become a favourite among both whales and retail traders. True to its satirical branding, it mocks the narrative of ‘utility tokens’ by embracing the idea that most are useless, with the difference that it’s at least honest about it.

The price of USELESS staged a staggering rally in June and July, soaring by more than 87,000% within just a few weeks and propelling its market capitalization past $400 million.

However, it has since depreciated by over 40% in value, trading at $0.22 at press time. Data from Stalkchain, which tracks smart money wallets, revealed that Useless Coin was the most sold Solana meme coin on Wednesday. 

However, its bullish technicals indicate that a potential bottom is near. For instance, the meme coin’s price has formed a lower high, while its on-balance volume (OBV) has formed a higher high, a classic bullish divergence. 

Similarly, USELESS is nearing the completion of its bearish A-B-C pattern. Elliott Wave analysis claims that price moves in repetitive cycles of five-wave impulses followed by three-wave corrections. If this structure plays out, the current A-B-C corrective phase may be approaching its end, potentially setting the stage for the next impulsive leg higher.

Useless Coin has a strong support level at $0.20, which is an excellent buying opportunity for sidelined investors. Prominent analyst Nebraskangooner’s USELESS price prediction also projected that the token price would fall to this level. 

With experts confident that the Solana meme coin will reach multibillion-dollar valuations, buyers at $0.20 could see anywhere between 5x to 10x returns from it. 

However, its Moving Average Convergence Divergence has formed a death cross, which could be an indicator of more downside volatility. Therefore, traders should avoid leverage for now and buy only after a daily close above the $0.20 support. 

Wall Street Pepe Also Among The Best Solana Meme Coins

Wall Street Pepe is another Solana meme coin that is going viral. 

In all fairness, WEPE has already gained significant fame on Ethereum, first raising over $70 million in its presale and then securing tier-1 CEX listings like MEXC and Gate.io. 

Now, Wall Street Pepe is migrating to Solana. with a burn-and-mint mechanism: every SOL-based WEPE purchase triggers an equivalent burn of ETH-based WEPE, effectively preserving a capped supply and introducing powerful deflationary dynamics. 

It can now tap into the vast whale and retail user base on Solana. Moreover, it has also announced a 5000-piece NFT collection at the behest of its community. 

Indeed, WEPE’s biggest strength is its community strength, as indicated by its stellar presale performance. It also has a highly popular Telegram channel, called the Alpha Chat, which offers high-quality trading signals to WEPE holders. As a result, the meme coin already has traders ready to pounce after its Solana debut. 

Unsurprisingly, the Wall Street Price is up by nearly 180% since August 19th, making it one of the best Solana meme coins to buy today. 

Visit Wall Street Pepe Website

This article has been provided by one of our commercial partners and does not reflect Cryptonomist’s opinion. Please be aware our commercial partners may use affiliate programs to generate revenues through the links on this article.

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CHZ +28%! Will History Repeat?

CHZ +28%! Will History Repeat?CHZ +28%! Will History Repeat?

0-fee opening long & short. Be ready for any move!

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