SPX6900 (SPX) is one of the top-performing meme coins right now.
After surging 14% in the past day, some traders believe that hitting the $2 mark this summer is a real possibility.
And while SPX keeps rising, another project called Snorter (SNORT) is also building momentum, raising over $500,000 in presale funds already.
SPX6900 Hits $1.30 as Retail Demand Ramps Up
Right now, SPX6900 is sitting around $1.30, which puts it in the top 70 cryptos by market cap.
That’s pretty impressive for a coin that’s just a silly S&P 500 joke.
SPX has been soaring lately, up nearly 35% since last week and posting monthly gains of around 85%.
The thing about SPX is that it’s built real momentum and outlasted the usual meme coin hype.
We’re talking $64 million in daily trading volume since yesterday and a market cap that’s crossed the $1.2 billion mark.
That means big money is flowing into what was basically a satirical jab at finance.
The technical picture looks solid too.
SPX formed a Golden Cross at the end of May – that’s when short-term moving averages cross above longer-term ones, typically signaling an uptrend ahead.
Plus, adoption metrics are flashing green, with new wallet addresses hitting a two-month high of 25%.
More people want in, and that is good news for the price.
But there might be selling pressure building as traders move their tokens to CEXs – potentially preparing to lock in profits.
Can SPX6900 Really Hit $2 This Summer?
Hitting $2 isn’t a pipe dream – it’s certainly doable if things go SPX’s way.
SPX has already proven it can reach impressive heights, hitting $1.77 in January before crashing, so the potential for big moves is there.
Here’s what needs to happen: SPX must first break through the $1.40 resistance level that’s halting progress.
Once that falls, traders are eyeing $1.54 as the next stop, with a clear runway toward $2 if momentum holds.
But there’s a catch.
High RSI readings on the daily chart suggest the token is overbought – hinting at a potential correction because of excessive buying.
Like a rubber band that’s stretched too far, SPX might be about to snap back.
But meme coins are all about hype cycles, and SPX has shown it can rally hard when social media sentiment turns positive.
So, if the broader crypto market stays strong and retail interest picks up this summer, that $2 target becomes much more realistic.
New Snorter Trading Bot Offers Telegram Integration and Raises $500K in Presale
While the spotlight’s on SPX6900’s pursuit of $2, another meme project is gaining momentum and deserves a closer look.
Snorter (SNORT) just crossed the $500,000 milestone in its presale, and it’s because it’s different from your typical meme coin play.
It offers the virality of meme coins alongside practical trading functionality.
We’re talking about a Telegram-native bot that can execute trades in under a second – crucial when you’re trying to buy new tokens before their price takes off.
The project raised $150,000 on day one alone, then hit $300,000 within days, showing there’s a real appetite for what the team is building.
The numbers behind the bot are solid, too.
Trading fees drop to just 0.85% for SNORT holders, undercutting most competitors.
Plus, they’ve built in rug pull detection with an 85% success rate in beta testing – not perfect, but significantly better than flying blind.
Right now, presale tokens are priced at $0.0949, with staking rewards over 500% APY.
Those rewards won’t last forever, but they’re attracting serious early interest, including from the crypto research team at 99Bitcoins.
As demand for trading bots rises, Snorter’s plans to extend beyond Solana to include Ethereum and other blockchains will give it access to many markets.
And that puts SNORT in an excellent position to follow in SPX6900’s footsteps.
