The price of Beercoin is on the rise while Bitcoin and major altcoins are experiencing a decline. The $ER token has reached a record high of $0.000572, marking an increase of over 700 from its lowest point last week. This surge has propelled its market cap to over276 million, positioning it as one of the top meme coins on Solana.
The of Beercoin holders is steadily increasing, over 40,000 holders at present the count growing daily despite the weakening sentiment in the cryptocurrency industry.
Furthermore, Beercoin token value has surged due to its listing several centralized exchanges such as Bitget,, ByBit, and MexC. It is also available on decentralized exchanges (DEX like Raydium and Jupiter. Consequently the daily trading volume for the $BE token has significantly risen in recent days as per data from CoinGecko.
Beercoin other successful Solana meme coins this year Dogwifhat with a market cap exceeding $2.6 billion (making it fourth largest meme coin globally after Dogecoin, Shiba Inu, and Pe), Bonk with a market cap exceeding $1.89 billion since its launch in 2022 and Book of Meme (BOME) valued at $702 million among others like Cat in a World and Popcat that are rapidly gaining traction.
Solana is being chosen by for launching their meme coins due to its superior speed and lower transaction costs compared to Ethereum. Its DEX networks such asdium, Orca,and Jupiter have also garnered substantial market share within the industry.
Beercoin refers to as “liquid gold” completed a recent token sale where it successfully raised millions of dollars from investors.
Looking at Beercoin price analysis chart reveals that it has been in an upward trend recently but faces resistance around $0.000572 since June 5th while remaining above both the 50-period moving average line and red ascending trendline.
It currently stays between Woodie pivot point and first resistance point indicating a neutral outlook for now.
A further upside can only be confirmed if crosses above key level at $0.000572 reaching towards next milestone at$0.0007 being first resistance level; unless profit-taking starts leading to potential retreatment scenario .