The new cryptocurrency Myro (MYRO), based on the Solana network, has increased by approximately 1000% in the past month. This is a significant increase, especially considering that the cryptocurrency has only been available since November 11, 2023. This brand new cryptocurrency follows in the footsteps of other Solana memecoins, such as bonk (BONK) and dogwifhat (WIF), which have also significantly increased in value in a short period of time.

Significant increase for memecoin Myro

Myro (MYRO) is a project named after Raj Gokal's dog, one of the co-founders of Solana, as a tribute to him and his dog. The goal of Myro is to add value to the Solana blockchain in response to the great success of dog-based cryptocurrencies.

Currently, Myro has a market capitalization of $161,845,765 and one Myro costs $0.1714. This is already 32% lower than the peak of $0.249 a few days ago.

So it is not the first time that a Solana-based memecoin has experienced a significant increase. Bonk, currently ranked 87th among the largest cryptocurrencies, increased significantly in December 2023. This was also the case with dogwifhat.