Due to its recent development, MANEKI has been one of the most talked about meme tokens in the Solana Ecosystem. 

It seems to be following BOME's path to becoming a strong meme token, which makes people trust it more. 

MANEKI Has Been Positive 

MANEKI has been going up since its launch due to developments in the project. The token has announced many partnerships on its Twitter account with multiple Web3 projects in the Solana Ecosystem. 

There is also news about listings on several exchanges including centralized and decentralized exchanges in the crypto market. 

This surge of new news has increased the community’s trust in it, which is why, more people are joining the hype by buying this token. 

The token itself was just only launched around three days ago, which was on April 22nd, 2024 through the Raydium decentralized exchange. 

The token’s popularity also started rising after speculations about how SAGA phone owners, the original phone created by the Solana team, will receive an airdrop of MANEKI. 

This was the same thing that happened to BONK before its price started rising, which started the speculation that MANEKI would be one of the leading meme tokens in the crypto space. 

But, it is worth noting that, similar to those tokens mentioned above, MANEKI also has no product attached to it, which lessens the fundamental value of the token. 

However, product development is not out of the question yet, as the team behind MANEKI is still actively promoting the project through partnerships and listings. 

This means that soon there might be a sudden launch of products from MANEKI, considering how easy it is now to create generic but valuable products in the crypto space.

Price Analysis 

Looking at the price movement of MANEKI, the meme token is not slowing down at all, and the transaction volume is increasing by the day. 

According to Dexscreener, the overall volume of this token has reached more than $90 Million with more than $200 Million in its market capitalization.

The token holder count is also increasing which has now reached more than 32,000 wallets, a huge accomplishment considering the tokens have been traded for less than a week. 

MANEKI’s Price Chart / Source: Dexscreener

MANEKI might go up even higher if the team behind it stays developing the project and not rugs everyone out of their money. 

Currently, the price is creating a higher high on its chart, which indicates the possibility of it going down to create a lower high. 

This lower high can be a good buying opportunity for traders who believe that the token will go up even higher. 

The current buying zone for MANEKI stands at around $0.173 which might happen after the price corrects down. 

In the long term, MANEKI can reach a 200% price gain, with a target price of $0.035 to around $0.057. 

However, this might take a long time, which means patience and risk management are needed to endure the volatility ahead. 

Investor Caution 

While the meme hype has been exciting, remember that the crypto space can be volatile. Always conduct your research, assess your risk tolerance, and consider the long-term potential of any investment.

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