Samoyedcoin Price Prediction - Why SAMO is up 125% as Solana Joins Meme Coin Frenzy
Samoyedcoin price is up 125% to $0.006544, as the Solana blockchain coin $SAMO joins the meme coin craze.
$SAMO is not a new straight to decentralized exchange (DEX) crypto that have been all the rage recently.
Long-term holders of $SAMO are happy to share their good fortune, as one self-proclaimed bagholder did on Twitter:
The $SAMO token was launched back in April 2021, so what explains the sudden rush of buyers in the latest meme coin to trend?
As is often the case in the crypto space, one positive piece of news flow has been enough to set light to the touch paper, more than doubling the price of the Solana meme coin.
It was a broadcast on Chinese TV that started driving the price action for Samoyedcoin.
China Central Television (CCTV) featured the Samoyedcoin NFT collection in a report, which included a QR code to visit the project website.
CCTV is part of state brocaster the China Media Group (CMG). CMG owns 50 channels, making it the largest TV network in the world.
Although a lot of the air has been sucked out of the NFT market since it reached its heights in 2022 of $5.8 billion a month in trading volume, there are still plenty of traders and investors searching for the best NFTs to buy.
The Samoyedcoin NFT collection was released in January 2022 with a mint price of 1 SOL.
Comprising 5,525 randomly generated customized designs of Samoyed dogs – a medium-sized herding breed with a thick white coat, originally hailing from Siberia – the NFTs currently have a floor price of 5.8 SOL on the Solana-based NFT marketplace Solanart.
Floor prices for the Samoyedcoin NFT collection varies depending on the marketplace.According to the Samoyedcoin project, each NFT "represents a commitment to onboarding and educating the next wave of
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