As a researcher with a background in the crypto market, I’ve been closely monitoring the surge of Solana-based meme coins and their impressive performance compared to established cryptocurrencies like Bitcoin and Ethereum. The potential approval of Solana ETFs by the US Securities and Exchange Commission (SEC) adds fuel to the fire for these tokens, making them an intriguing investment opportunity.
Meme coins built on the Solana platform have gained significant attention in the cryptocurrency sphere, surpassing the achievements of major players like Bitcoin and Ethereum over the past few months.
Market expert Leshka believes that the potential approval of Solana ETFs by asset managers VanEck and 21Shares in the US could serve as a significant boost for tokens like Bonk Inu (BONK), which have already seen impressive gains of almost 7,000% year-to-date.
Recently, Leshka discussed how Solana memes have taken center stage in the current market trend. This development has fueled optimism among investors about the possible surge in value for Solana, should the SEC give the green light to a Solana ETF.
Top Solana Meme Coins To Watch
Leshka initiated the discussion about POPCAT, the meme coin representing a cat theme that has experienced a significant price surge of approximately 55% over the last fortnight.
As a financial analyst, I would describe POPCAT as currently valued at $0.448 and ranking fourth among meme coins on the Solana blockchain with a market capitalization of approximately $441 million. I personally view it as one of the more significant mid-level meme tokens on Solana, due in large part to its strong community presence. Despite this, it’s important to acknowledge that POPCAT does not have any inherent value at present.
Following that, Leshka drew attention to the MICHI token, a meme coin linked to cats and part of the Solana blockchain. The analyst expressed optimism, suggesting that the imminent debut of MichiSwap, Michi NFTs, and the Michi NFT Marketplace could potentially boost MICHI’s value in the near future.
As a crypto investor, I’ve noticed that Bonk Inu, a meme coin with growing popularity, has been brought up by analysts lately. In just the last two weeks, its price has risen by 20%, reaching a current value of $0.00002413.
Leshka brought attention to the fact that Bonk Inu, initially focusing on the Solana ecosystem, has broadened its user base and added integrations with decentralized finance (DeFi), cross-chain messaging platforms, and NFT marketplaces. This expansion enhances Bonk Inu’s growth opportunities, classifying it as another meme coin with potential for significant increases.
Political Meme Coins
Next, Leshka highlighted Dogwhifhat (WIF), currently leading among Solana’s meme coins with a market capitalization of over $1.6 billion, amassed in a short period.
Leshka holds the view that Dogwhifhat represents advancement in modern dealings and serves as a guiding light for innovative minds. However, the token has experienced a significant decline in value over the past month, amounting to almost 40%.
To conclude, the analyst drew attention to memes linked to the Solana platform that have recently gained popularity, particularly those involving US politics, in light of the upcoming November elections.
Leshka identified OBEMA, the Michelle Obama meme coin, as a speculative investment with little inherent worth or projected financial rewards. Nevertheless, the analyst cautiously mentioned the possibility of substantial gains, up to 10-20 times the initial investment, if Joe Biden were to withdraw from the presidential race.
As a crypto investor, I’ve come across BODEN, a meme coin inspired by Joe Biden. Although its popularity has decreased, an unexpected event in the upcoming presidential race could potentially revive it. If Biden wins the election in November, there’s a good chance that BODEN could experience a significant surge in value as a result.
At the time of writing, Solana’s native token SOL was priced at $138.70, marking a 13% decrease in value over the past month. However, it represented a significant gain of approximately 540% since the beginning of the year.
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2024-07-09 05:10