Will Vine Meme Coin Price Reach $1 in Next 60 Days?

In a dynamic turn of events, speculations surrounding Vine meme coin price hitting $1 shortly ahead have surfaced across the broader crypto industry. Notably, the recent hot buzz of the market, VINE token, rides bullish waves primarily attributable to major listings, heightened market interest, and broader trends. As a result, traders and investors thoroughly monitor the meme token, anticipating a potential $1 price target as soon as the next 60 days.

Here’s Why Vine Meme Coin Price Can Hit $1 In The Next 60 Days

Listed below are some vital market statistics indicating that VINE token has the potential to hit $1 in the upcoming 60 days.

VINE Coin Secures Major Listings Driving Market Interest

Notably, the Vine meme coin price remains highly bullish amid major listings secured by the token over the past few days. As Binance, CoinEX, Bitget, and Hyperliquid revealed new listings for the token, a bullish wave engulfed its price movements in the wake of heightened market exposure.

Hyperliquid and Binance launched futures listing for the abovementioned cryptocurrency, encouraging further market interaction with the asset. Simultaneously, it’s also worth mentioning that the crypto exchanges Bitget and CoinEX listed the token, offering it further market visibility. In turn, market sentiments orbiting the meme coin remain highly bullish in light of the listings, driving rising trading volume, increased liquidity, and positively evolving market perception.

Speculations Over Vine App Revival Builds Amid Elon Musk’s Comments

Simultaneously, the broader developments surrounding the Vine social media app’s revival have also bolstered the market sentiment for this token. Intriguingly, American billionaire and entrepreneur Elon Musk recently conveyed that he is looking into bringing back the social media app.

Given that this feat happens (the app’s revival) ahead, market sentiments could further turn bullish over the Vine meme coin price. Also, it’s worth pointing out that the meme coin was initially announced by the social media app’s creator, Rus Yusupove, on X this month.

Rising Futures OI Underscores Bullish Sentiment Building

Further, the token’s derivatives market has also seen a substantial spike in activity, cementing market optimism. Recent Coinglass data indicated that VINE futures OI surged by a whopping 174%, reaching $72.11 million. Moreover, the asset’s derivatives volume rose by 275%, reaching $3.04 billion.

When coupled with the mem coin’s recent price upswing, the derivatives data flags a bullish trend prevailing for the asset. This bullish trend appears to be driven by burgeoning market interest, mirroring growing investor participation and money inflow to the token. In turn, speculations of a bullish trend continuation for Vine meme coin price persist.

Whale Accumulation Pours Additional Optimism

Also, on-chain tracker Lookonchain has recently revealed that whale accumulation for the same token is on the rise. As per an X post on January 25, a crypto trader spent $1.69 million to buy 13.81 million VINE tokens. Intriguingly, this trade maneuver currently boasts an unrealized profit of $3.4 million.

As a result, market watchers remain highly optimistic over the asset’s potential. It’s also noteworthy that the same trader previously bought 14.64 million tokens using a different wallet address. After selling 9.96 million coins, this trader netted a $4 million profit. Besides, the trader’s decision to still hold 4.67 million tokens has sparked speculations of further gains. Also, CoinGape recently reported that another crypto trader made a $4.5 million profit on Vine meme coin after nearly losing it all.

VINE Price Run Bullish

At the time of reporting, VINE price witnessed a 13% surge in value and is currently trading at $0.2886. The coin’s 24-hour low and high were $0.1082 and $0.4257, respectively. Intriguingly, the weekly chart further showcased gains worth 55% for the asset. The sustained bullish movement, defying the broader market’s current turbulence, has solidified investors’ optimism about the asset.

Overall, with the abovementioned factors coming into play, a potential run to $1 for the Vine meme coin price remains possible in the next 60 days.

The post Will Vine Meme Coin Price Reach $1 in Next 60 Days? appeared first on CoinGape.