The daily line of $VINE shows signs of a rebound, will it start to rise again???
#VINE is undoubtedly one of the most talked-about meme coins this year. It was launched by one of the co-founders of the original VINE video platform, based on the Solana blockchain, with a total supply of 1 billion coins and no inflation mechanism.
At the end of last month, VINE experienced a surge due to good news—Musk tweeted that: we will be relaunching vine in an AI format. The news instantly ignited market sentiment, causing VINE to skyrocket by 107.8% in a short time, with whales pouring in millions of dollars, leading to an explosive short-term popularity, and the coin price peaked at 0.18072.
Currently, the price of VINE has retraced to around 0.0684, and from the daily line, there are clear signs of bottoming out, making it a good opportunity to buy. Spot traders can boldly enter the market in batches.
VINE is a product of market sentiment; whether you can make money on VINE depends on whether you buy at a high price or lay out your strategy in advance.
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