Gigachad (SOL: $GIGA) is a meme coin on the Solana blockchain that has gained a huge following in recent months. The meme coin is based around the popular gigachad meme and has received endorsements from various celebrities.
Gigachad Meme Coin Soars After Celebrity Endorsements
In mid-August 2024, the GIGA meme coin received acknowledgment from Ernest Khalimov, around whom the gigachad meme is based. Khalimov, who is known as the internet’s ultimate Chad, endorsed the project via an Instagram post in mid-August.
A few weeks earlier, the meme coin received the endorsement of UFC fighter Paulo Costa. Mike O’Hearn, another celebrity bodybuilder, also referenced the meme coin on an X post in mid-August 2024.
At the time, these endorsements caused the meme coin to soar to a new all-time high of $0.0273 per coin, and it has since eclipsed that figure.
Gigachad ($GIGA) Price Soars
In the past month, the Gigachad meme coin has risen by around 190.60%, while in the past week, it had gained over 60% as of Tuesday evening. By Wednesday, the gain had narrowed to 42.26% in the past week.
The token peaked at a new all-time high of $0.06688 on Wednesday, October 23, 2024. A few hours later, it had dropped around 7.74% of those gains as investors took profit.
The meme coin bottomed in May 2024 at a price of $0.0008007 and has since appreciated 7606.07% to $0.0604 per token as of writing this. It has a market cap of $561.82M and a 24-hour trading volume of $11.95M.
Social Media Following
The project has a large following online, with 18.2k followers on X, 692 followers on Instagram, 13,684 members in its Telegram group, and 107 followers on Tiktok.
How High Could $GIGA Rise?
Looking at the Gigachad price chart, investors in the coin are currently bullish. On Wednesday, it reached a new all-time high of $0.06688. The Solana-based meme coin has appreciated nearly 190% in the past month alone.
Based on the current bullish trend and the overall bullish sentiment of the crypto market, another 50% increase in market cap is within the realm of possibilities. Such a gain would push it over the $1 billion market cap, bringing even more attention to the project.
The project has a large and active following on social media and has already received endorsements from various famous figures. Consequently, analysts predict that it could get to $0.12 per token or higher by 2026.
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