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Top 3 Solana Meme Coins To Buy Amid The Bitcoin Crash That Could 10x

As the Bitcoin price crash has ravaged the crypto market and left altcoins suffering, it has presented a unique buying opportunity for meme coins that may never come after this time. So here are the top 3 meme coins that could 10x your portfolio from here.

Solana-Based Myro Leads Meme Coins With Potential

Solana-based meme coins have been all the rave over the past year and with good reason as well. These meme coins have done so well in such a short time, coming up to compete with established Ethereum-based meme coins which have been around for years.

With the likes of WIF and BONK already crossing the $1 billion market cap market, the hunt is on for other Solana-based meme coins that could achieve this same feat, and that is where the Myro token comes in. Myro currently has a $200 million market cap, which makes it a prime candidate for crossing $1 billion. However, its most bullish developments have been its exchange listings.

Myro scored a Binance perpetual listing last month, which pushed its market cap above $400 million for the first time. It has since retraced, but this retracement is similar to what was seen with WIF, which fell back down to $180 million at a point. If Myro follows the WIF playbook, then its next leg up could see it rise more than 5x above the $1 billion mark.

Popcat: Another Solana Meme Coin On The Rise

Popcat is another Solana meme coin that has made waves in the space over the past few months. After a long stretch of consolidation, the price had eventually broken out in February to reach a new all-time high price of $0.37 in mid-March.

The price has since retraced a little over 50% since then and is now back to $0.17 with a market cap of $167 million. As with the majority of other meme coins, the total supply of the token is in circulation, which means there are no more unlocks coming up.

At the current market cap, reaching the $1 billion mark would be an over 500% increase for the meme coin. And with the bull market coming up, the price of Popcat could rally higher, bringing a more than 10x return for investors.

Wen (WEN) Meme Coin

Wen (WEN) is another Solana-based meme coin that has hit the crypto space in the last few months. Starting out as an airdrop for users of the Solana-based Jupiter decentralized exchange, it has quickly grown among meme coin investors as one of the more stable investments.

Just like the other meme coins on this list, the WEN token shows a lot of promise because it is still under a $200 million market cap. This puts it at an at least 5x move to $1 billion, with a possible 10x when it reaches the $2 billion market cap mark.

Solana price chart from Tradingview.com (Meme coins)

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Solana Tokens Among Top Gainers: JUP and WEN Soar Over 12%, WIF Hits New ATH

The Solana ecosystem has experienced notable growth, and SOL’s price has turned many experts bullish on it. Similarly, the Solana-based tokens are showing impressive performances during this bull run, with many being among the top gainers in different timeframes.

Solana Chain Driven By Memecoins?

According to CoinGecko data, Solana is currently the 5th largest blockchain by Total Value Locked (TVL), registering over 12.8% growth in the past day. During this timeframe, Solana has outperformed its competitors, including Ethereum, which has registered a 2.2% decrease since yesterday.

In the 7-day and 30-day timeframes, Solana has seen a TVL growth of 35.3% and 89.8%, respectively. As displayed in the chart below, it surpassed the performance of the four chains above it.

Solana blockchain, memecoins

Franklin Templeton Digital Assets shared its perspective on the value of memecoins and their native networks. The financial giant considers that there’s a strong relationship between memecoins and the performance of their native chains.

In the last year, crypto markets have seen multiple meme coins parabolically surge, most notably, Solana based BONK during Q4 2023. Solana daily active user addresses were up 75% quarter over quarter from Q3 to Q4 2023.

The asset management firm deems that the connection between the two is further alluded to because “the Solana network captured a large percent of the activity of all the active addresses during the same time that BONK saw a price surge” during Q4 2023.

According to CoinMarketCap data, the market capitalization of the Solana-based tokens increased by 5.5% from yesterday to over $222.36 billion. The performance of the memecoins seems to have put a notch on the network’s belt.

Performance Un-like Cats and Dogs

Tokens in the Solana chain have registered massive performances recently, and the newest tokens around the block (dogwifhat, Wen, Jupiter) continue to shake the crypto market ground.

Notably, dog- and cat-themed tokens continue to be hot topics in the community. According to CoinGecko Data, the Solana-based Myro, Bonk, and Popcat are trending tokens in their sub-categories.

Las Vegas Puts Its Hat On

Since the launch of dogwifhat (WIF), the token has gone from being a “cute dog with a crochet hat on to gathering a robust community seemingly able to back it up.”

The over $650,000 raised for the “wif on sphere” fundraiser campaign could serve as evidence of the community’s support. As a result of the campaign, the Las Vegas Sphere will display WIF’s icon for a week on the world’s largest LED screen.

Since the news, the token skyrocketed to a new all-time high (ATH) of $3.36 this morning, representing a 42.3% increase in the last 24 hours. At writing time, WIF changes hands at $3.1, just 4.3% lower than its ATH.

Space Suit On, Wen Goes To Jupiter

Jupiter (JUP) recently announced its partnership with the cat-themed token WEN. The latest Jupiter Work Group (JWG) will collaborate with the WEN Work Group. According to the announcement, it “will be focused on contributing awesome vibes and content to amplify crucial Jupiter message.”

The community seemingly took the partnership positively. After the news, both tokens surged. WEN’s price rose above $0.00040 in the early hours of the day, and it’s currently trading at $0.00038, a 12.5% increase in the last 24 hours.

JUP propelled to a new ATH of $0.988, almost hitting $1. At writing time, the token is trading at $0.948, representing a 12.8% price surge in the 1-day timeframe. Similarly, its daily trading volume increased over 58%, with $418.04 million being traded in the past day.

Solana, Crypto market cap, memecoins

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Solana (SOL) Bulls Imminent: Analyst Predicts Price Surge To $113

In the ever-fluctuating world of cryptocurrencies, Solana (SOL), which has witnessed a significant decline in price in the past few days, might be poised for a breakout soon toward the upward trajectory.

Solana Set To Hit The $113 Price Mark Soon

As the development unfolds, Ali Martinez, a well-known cryptocurrency analyst, has revealed his short-term price predictions for Solana. The analyst took to the social media platform X (formerly Twitter) to share his latest projections with the crypto community. 

In the X post, Ali Martinez has identified a notable shift in the direction of Solana. According to him, “SOL seems to be breaking out from a descending parallel channel.”

As a result, Martinez has predicted the price of Solana to reach a new yearly high of $113. However, this is anticipated to take place if SOL manages to hold its position “above the $94” price mark.

The post read:

Solana appears to be breaking out from a descending parallel channel. If SOL can hold above $94, it has a great chance of advancing toward $113.

Martinez’s price predictions for SOL came amidst the present market volatility, which is believed to be triggered by the Bitcoin Spot ETFs. Since the approval of the products, the larger crypto market has gone through a difficult time.

Solana

Major cryptocurrency assets in the market have witnessed a major decline in value over time. Nonetheless, the expert’s recent price overview has sparked new hope for SOL traders and investors.

Martinez’s positive price forecast for Solana has caused quite a frenzy in the entire crypto community. With SOL breaking free from a parallel channel that was falling, everyone is now talking about the token’s possible rise.

It is noteworthy that Solana has experienced a significant upswing in popularity in recent years, especially in 2023. Due to this, the project has become a preferred investment option for crypto aficionados and investors.

As of the time of writing, Solana was trading at $96.63, demonstrating a 10% increase in the past week. The digital asset boasts of a 47% rise in daily trading volume valued at $2.30 billion.

The SOL Ecosystem Buzzing With Activity

Lately, several exciting developments have put Solana’s ecosystem in the spotlight. One of the recent events is the introduction of the SOL-based meme coin Wen (WEN), which has seen a notable rise in its daily trade.

According to a report, the meme coin’s 24-hour trading volume has elapsed that of the popular Shiba Inu (SHIB) token. The token has had a remarkable rise in its daily trade, recording over 40% increase.

Data from the report shows that WEN recorded a whopping $115 million in its 24-hour trading volume. Meanwhile, Shiba Inu recorded a whopping $88 million in its daily trading volume.

Currently, the daily trading volume of the coin is sitting at $123 million, indicating a 76% increase. This suggests increased trader interest, which could be connected to the recent market activities specific to the coin.

Solana