Tag Archives: Solana meme coin

Bitcoin

Solana’s Dogwifhat (WIF) Skyrockets 1300% And Claims Forbes’ Best-Performing Crypto Title

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Solana-based meme coin Dogwifhat (WIF) has taken the cryptocurrency market by storm, changing into the best-performing asset within the first half of the 12 months, because the Shiba Inu puppy-inspired token has outperformed Bitcoin’s (BTC) 48% surge since January, making it the highest returner amongst roughly 70 cash with market caps over $1 billion. 

Dogwifhat (WIF) Leads The Pack

In accordance to Forbes, Dogwifhat has emerged because the main performer among the many group of cash, with a market cap of greater than $1 billion, recording a 1,300% acquire from a low of $0.111 since December 2023.

Shut behind is Pepe (PEPE), recording good points of practically 800%. On the identical time, one other meme coin that has considerably elevated is Floki Inu (FLOKI), named after Elon Musk’s Shiba Inu canine, recording a 418% enhance over the identical interval. Equally, Shiba Inu (SHIB) has seen a 67% enhance. 

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Whereas meme cash dominate the highlight, the report notes that a number of tokens outdoors the meme coin realm have additionally showcased exceptional rallies, surpassing Bitcoin’s efficiency. 

ETH, the token of the Ethereum community, is up 51% and is poised for potential good points after the anticipated full approval of the spot Ethereum ETF market, just like Bitcoin, anticipated to be traded within the coming weeks. 

Binance Coin (BNB), issued by the world’s largest crypto change by buying and selling quantity, has additionally surged 81%, outperforming BTC’s worth motion regardless of latest regulatory and authorized challenges confronted by billionaire former CEO Changpeng Zhao (CZ), who’s at present serving a 6-month sentence following a plea cope with US authorities in 2023.

Meme Coin Bonanza

Whereas WIF has grow to be the star performer with a 1,306% enhance, its market cap has additionally made a notable restoration in latest months after shedding a excessive of just about $4 billion to at present attain a market cap of $2.1 billion, which has secured Dogwifhat’s 54th place within the prime 100 cryptocurrencies available on the market. 

Pepe additionally follows behind WIF on this key monetary metric, reaching a market cap of $5 billion. Nevertheless, the 2 are far behind Dogecoin (DOGE) and SHIB’s market cap figures, which at present stand at $17 billion and $10 billion, respectively, being the biggest meme cash within the crypto market. 

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Different cash, equivalent to Synthetic Superintelligence Alliance, additionally outperformed the biggest cryptocurrency available on the market, surging 545% to succeed in a market cap of $3.6 billion throughout the identical interval, whereas Floki skilled a progress of 392% to succeed in a market cap of $1.6 billion following the latest market hunch recorded since March and April highs. 

Dogwifhat
The 1-D chart exhibits WIF’s worth trending upwards. Supply: WIFUSD on TradingView.com

On the time of writing, WIF continues to rally and is buying and selling at $1.899, up over 14% within the final 24 hours. Nevertheless, the meme coin is buying and selling 60% beneath its all-time excessive of $4.83, set in March 2024. 

Featured picture from DALL-E, chart from TradingView.com 

Bitcoin

Iggy Azalea MOTHER Coin Surges 58% On DWF Labs Collaboration Announcement

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The well-known token impressed by Australian singer Iggy Azalea, the Mom Iggy (MOTHER) token on the Solana (SOL) blockchain, skilled a big surge of 58% on Thursday, rising as the highest performer out there, because the meme coin introduced a brand new collaboration with Web3 investor and market maker DWF Labs. 

Iggy Azalea Collaboration With DWF Labs 

DWF Labs, by a sequence of posts on social media platform X (previously Twitter), introduced its strategic partnership with now crypto investor Iggy Azalea, as the corporate just lately signaled a brand new chapter for the corporate, specializing in “subsequent technology” liquidity partnerships to assist crypto tasks. 

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In response to the collaboration, Iggy Azalea revealed that she had loaned her complete MOTHER token holdings to DWF Labs and Wintermute, an algorithmic buying and selling agency specializing in digital property. 

Iggy Azalea’s response to the collaboration with DWF Labs. Supply: IGGY AZALEA on X

By entrusting her holdings to those market makers, Azalea expressed confidence of their experience and talent to extend the token’s stability and finance. One person on social media emphasised the importance of this transfer, highlighting that the founder tokens at the moment are locked, guaranteeing the token’s “unruggable” nature.

Nevertheless, no additional particulars on the collaboration have been offered by both occasion, leaving questions as to how the partnership will doubtlessly enhance MOTHER’s value or its stability within the coming months. 

MOTHER Worth Evaluation

This newest partnership provides to Iggy Azalea’s rising involvement with the meme coin, because the singer unveiled plans in June to revive a telecommunications firm she co-founded, which had an instantaneous optimistic influence on the worth of the MOTHER token, leading to a 27% spike on the time of the announcement. 

Azalea shared her imaginative and prescient of permitting MOTHER and Solana token holders to make use of their tokens to buy telephones or month-to-month wi-fi plans. 

The singer revealed in her assertion that the fee infrastructure for these transactions might be dealt with by expertise firm Sphere Labs, with cellphone companies offered by Unreal Cellular, which led to a value spike above the $0.2300 mark for the meme coin. 

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With the current announcement and the partnership of the meme coin with DWF Labs, the token surged almost 60% within the early hours of Thursday, with the MOTHER token hitting a 5-day excessive of $0.04816. 

Nevertheless, after the preliminary hype surrounding the inception of the meme coin, MOTHER has steadily declined after hitting an all-time excessive of $0.2306 on June sixth, now down 85% from that stage. 

At the moment, the token has corrected to its present buying and selling value of $0.0347, which reveals the volatility skilled over the previous month, whereas the token additionally notes a 16% value drop over the previous seven days. 

Nevertheless, within the potential situation the place the present uptrend continues, $0.0349 would be the subsequent impediment to beat for the meme coin, because it has acted as a resistance wall for the token prior to now week. However, the following assist stage is at $0.286. 

Iggy Azalea
The 1-hour chart reveals MOTHER’s value spike on Thursday following the announcement. Supply: MOTHERUSD on TradingView.com

Featured picture from DALL-E, chart from TradingView.com 

Bitcoin

Expert Reveals 7 Top Solana Meme Coins To Watch Amid ETF Approval Hopes

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Solana-based meme cash have emerged as notable contenders within the crypto market, outperforming the biggest cryptocurrencies akin to Bitcoin (BTC) and Ethereum (ETH) in current months. 

With cash like Bonk Inu (BONK) hovering almost 7,000% year-to-date, the potential approval of Solana ETFs filed by asset managers VanEck and 21Shares in the US, is seen as a possible catalyst for these tokens, based on market professional Leshka. 

In a current evaluation, Leshka defined that Solana memes have grow to be the dominant narrative of this market cycle, elevating expectations for his or her potential development following a possible Solana ETF market approval by the US Securities and Trade Fee (SEC). 

High Solana Meme Cash To Watch

Leshka began by depicting cat-based meme coin POPCAT, which has recorded a 55% worth improve prior to now two weeks. 

At the moment buying and selling at $0.448, POPCAT is the 4th largest meme coin on Solana with a market capitalization of $441 million. Leshka considers it one of the vital related mid-cap memes on Solana, highlighting a “sturdy neighborhood” regardless of missing intrinsic worth.

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Subsequent, Leshka highlighted the MICHI token, one other cat-based meme coin within the Solana ecosystem. Based on the analyst, the upcoming launch of MichiSwap, Michi non-fungible tokens (NFTs), and the Michi NFT Market may catalyze additional worth will increase for MICHI within the coming months.

Bonk Inu, one other meme coin that has gained important consideration in current months, was additionally talked about by the analyst, which has recorded a 20% worth improve prior to now fourteen days, at the moment buying and selling at $0.00002413. 

Leshka highlighted how Bonk Inu, which initially supported the Solana neighborhood, has expanded its consumer base and built-in into decentralized finance (DeFi), cross-chain messaging protocols and NFT marketplaces as key to its development prospects, positioning Bonk Inu as one other meme coin with the potential for additional features.

Political Meme Cash 

Shifting on, Leshka spotlighted Dogwhifhat (WIF), at the moment the highest Solana-based meme coin out there cap, which has gathered over $1.6 billion in report time. 

Leshka believes that Dogwhifhat “symbolizes progress in futuristic transactions” and is a beacon for “forward-thinking people.” Nonetheless, the token has recorded a steep worth drop within the month-to-month timeframe of almost 40%.

Lastly, the analyst highlighted political memes primarily based on the Solana ecosystem, particularly these associated to US politicians, which have gained important traction because the upcoming November elections strategy. 

Leshka famous OBEMA, a meme coin that includes Michelle Obama, as a “dangerous play” missing inherent worth or anticipated monetary achieve. Nonetheless, the analyst identified the potential for a 10x-20x return if Joe Biden have been to depart the presidential race.

Leshka additionally talked about BODEN, a meme coin that includes Joe Biden. Though its recognition has waned, an “sudden occasion” within the race for the White Home may give it a remaining increase, particularly if the president manages to win the election in November.

Solana
The every day chart exhibits SOL’s worth restoration prior to now 24 hours. Supply: SOLUSD on TradingView.com

Solana’s native token SOL was buying and selling at $138.70 when writing, down over 13% month-to-month, however up 540% year-to-date. 

Featured picture from DALL-E, chart from TradingView.com

Bitcoin

Solana Meme Coins Outperform Ethereum 800% YTD

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Within the first quarter of the yr, Solana-based meme cash have emerged because the frontrunners, surpassing Ethereum’s meme coin ecosystem and synthetic intelligence (AI) tokens, in line with a latest report by market information platform CoinMarketCap. 

This shift in recognition signifies a change in dynamics inside the cryptocurrency market, with meme cash gaining traction and difficult beforehand dominant narratives corresponding to good contracts, decentralized finance (DeFi), and non-fungible tokens (NFTs).

Solana Ecosystem Dominates Development Chart

The CoinMarketCap report highlights that the Solana ecosystem has persistently topped the expansion chart for the previous eight months, with over 20 new tokens launched in Q2 alone. 

Ethereum’s ecosystem adopted carefully behind with 14 new tokens, whereas Derivatives and Stablecoins witnessed comparatively lesser progress with 5 and 4 new tokens, respectively. This surge in Solana-based token choices signifies a rising curiosity within the community and its potential.

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Solana’s meme coin ecosystem, specifically, has gained important momentum in value efficiency and recognition since October 2023. Though Ethereum stays the dominant blockchain, Solana’s rising prominence suggests a noteworthy pattern within the crypto house.

Apparently, SOL memes have considerably outperformed ETH memes, delivering a median return of 8,469% in comparison with 962% for Ethereum, as seen within the chart under. 

Prime Solana and Ethereum meme cash winners. Supply: CoinMarketCap

As “speculative capital” from different chains rushed into Solana, attracted by the explosive rallies of tokens like dogwifhat (WIF) and Bonk Inu (BONK), extra meme cash skilled value surges, attracting extra consideration and capital. 

The highest winners within the meme coin house embrace the cat characters MEW, POPCAT, and E book of Meme (MEME). These tokens have outperformed even the most well-liked ones like WIF, BONK, Ethereum’s Pepe coin (PEPE), and Shiba Inu (SHIB).

Notably, political memes additionally emerged as a preferred subcategory, with the main MAGA (TRUMP) meme coin gaining over 5100% year-to-date, largely resulting from vocal help for crypto from former President Donald Trump and the acceptance of crypto for marketing campaign donations.

Ethereum Tops Payment Earnings Rankings

Regardless of Solana’s important beneficial properties, Ethereum continues to dominate the Layer 1 (L1) good contracts market, representing 62.11% of the foremost L1s. The report notes that Ethereum’s latest milestone was propelled by the SEC’s approval of Ethereum Spot ETFs. 

Nevertheless, Binance Sensible Chain (BNB) and Solana have additionally gained traction, including $42 billion and $18 billion to their market share amongst L1 networks. Solana at the moment leads with over 1.6 million energetic every day addresses, adopted by BNB with 1 million energetic addresses.

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In Q2, Ethereum skilled document low fuel charges, reaching ranges not seen since 2020 because of the rising adoption of Layer 2 options and the market pleasure surrounding Solana-based meme cash. 

Regardless of representing 62% of the market cap amongst main L1s, Ethereum accounted for 70% of the every day income, producing roughly $2.7 million. Solana ranked second with round $900,000 in every day income.

In accordance to Lookonchain, Ethereum topped the payment earnings rankings previously yr with $2.728 billion, adopted by Bitcoin with $1.302 billion. 

Different notable networks embrace Tron ($459.39 million), Solana ($241.29 million), Binance Sensible Chain ($176.56 million), Avalanche ($68.83 million), zkSync Period ($59.77 million), Optimism ($40.4 million), and Polygon ($23.91 million).

Solana
The 1-D chart reveals SOL’s value volatility skilled previously few days. Supply: SOLUSD on TradingView.com

Regardless of each platforms experiencing success in varied monetary metrics and progress charts, Solana’s native token, SOL, has considerably outperformed Ethereum’s ETH token. 

As of the present buying and selling value, SOL is valued at $143.25, showcasing a year-to-date progress of 650%. ETH has seen a extra modest surge of 68% throughout the identical time-frame, at the moment buying and selling at $3,310.

Featured picture from DALL-E, chart from TradingView.com 

Bitcoin

Bitcoin ETF Issuer Franklin Templeton Bullish On Solana (SOL), Foresees It As 3rd Largest Crypto

Within the wake of the November 2022 crypto market crash, which noticed the chapter and collapse of FTX and different companies, Solana (SOL) has emerged as a standout performer, experiencing a year-to-date worth improve of over 560%. 

With a market capitalization of $67 billion, Solana has secured its place because the fifth largest cryptocurrency, trailing solely Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), and Tether’s USDT stablecoin.

Regardless of its substantial development, asset administration large and Bitcoin exchange-traded fund (ETF) issuer Franklin Templeton anticipates additional enlargement for Solana because the rising bull market takes form. 

Solana Poised For Continued Progress

A latest report launched by the agency highlights Solana’s robust place to seize the subsequent wave of crypto adoption, solidifying itself as a serious crypto asset alongside Bitcoin and Ethereum.

The report emphasizes that Solana’s development will proceed because of a number of key components. Notably, the crypto trade witnessed accelerated exercise throughout This autumn 2023, with Solana as a focus for main airdrops inside its ecosystem, corresponding to Jito and Pyth. 

In keeping with the report, these airdrops generated a wealth impact of over a billion {dollars}, driving up the worth of SOL and different Solana ecosystem tokens, significantly meme cash. This surge occurred concurrently with Bitcoin’s upward development, offering extra momentum to the Solana ecosystem.

Since then, meme cash have gained vital consideration, with a considerable portion of exercise occurring on Solana. The community has witnessed the creation and buying and selling of quite a few meme cash, with some attaining multi-billion-dollar market caps, together with Bonk (BONK) and Dogwifhat (WIF).

The Crypto Business’s Subsequent Large Breakthrough?

In keeping with the asset supervisor, Solana has demonstrated vital development over the previous yr, which is clear within the community’s elevated whole charges and decentralized change (DEX) volumes. The community’s low charges, transaction latency, and excessive knowledge throughput relative to different networks have contributed to its success. 

Solana’s community results are anticipated to strengthen additional as its efficiency improves, positioning it to seize upcoming developments within the crypto area.

The longer term stays unsure as crypto fans ponder the subsequent large factor within the trade. Nonetheless, Franklin Templeton suggests that there’s a robust risk that Solana might play a pivotal function. 

In keeping with the report, the Solana ecosystem anticipates extra airdrops within the coming months, which is able to proceed to reinforce the ecosystem’s wealth impact. 

Furthermore, meme coin exercise reveals no indicators of slowing down on the Solana community, additional including to the bullish sentiment surrounding the cryptocurrency and its ecosystem.

Solana
The every day chart reveals SOL’s worth restoration over the previous seven days. Supply: SOLUSD on TradingView.com

SOL is now making an attempt to consolidate above the $150 degree and has seen a big 21% improve within the final seven days alone. 

Featured picture from Shutterstock, chart from TradingView.com 

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