As a crypto investor with experience in the market, I’m thrilled to see the surge in Solana meme coins today. The price jump of SOL to $170 has ignited a bullish trend not just for Bitcoin and altcoins but particularly for meme coins. With a market capitalization of $66.7 billion, an increase of 2.3%, and trading volumes of $1.5 billion, it’s an exciting time for investors in this space.
Meme coins based on the Solana blockchain experienced inflows, with their prices rising in intraday trading as Solana’s own price reached $170. This occurred after a shift in market sentiment, and the assets surpassed resistance levels, fueling bullish feelings among investors. The cost of Solana hovered near $170 before making two consecutive jumps, with buyers gaining momentum.
As a crypto investor, I’ve noticed an exhilarating market jump that has ignited Bitcoin (BTC), altcoins, and meme coins. Among them, meme coins have shown the highest gains, with their total market capitalization reaching $66.7 billion – a 2.3% increase. Notably, Solana meme coins have surged, now valued at $9.7 billion, which represents a 5.3% rise. Today’s trading volumes have soared to an impressive $1.5 billion, and assets are experiencing significant inflows of over 200x. The bullish upticks in Solana (SOL) price have created a ripple effect, causing meme tokens to surge in value as well. Here are three Solana meme coins that I believe are worth considering for investment following this price surge:
Yotoshi (YOTO)
As an analyst, I’d put it this way: I’ve observed that Yotoshi, among Solana’s meme coins, has experienced the most significant growth today with a remarkable increase of 349.4%. This surge propelled its weekly gains to an astounding 765%, and its monthly inflows now amount to 215%. Yotosi is one of the emerging meme coins that have recently witnessed substantial inflows. The daily trading volume for this asset has surged to reach $1.1 million, reflecting the escalating interest from users.
MAGA PEPE
MAGA PEPE experienced a 271% surge and has now joined the list of meme coins to consider purchasing. Its impressive 24-hour price increase ranks it among the top gainers in this category. Beyond being a meme coin on the Solana network, MAGA PEPE is also inspired by the popular meme coin PEPE, currently ranked third in terms of market capitalization. Additionally, this token carries the theme of former US President Donald Trump. Trump-themed tokens have recently garnered significant attention leading up to the elections.
Bird Dog on SOL (BIRDDOG)
In the past 24 hours, Bird Dog has experienced a significant surge, recording a 79% increase in value. This growth pushes the asset’s seven-day trading figures up by an impressive 499%. Monthly gains have reached as high as 879%. Data from CoinGecko reveals that trading volumes for this digital token amounted to approximately $3.9 million during this period. Additionally, there has been a noticeable influx of investment into dog-themed tokens and Solana meme coins, leading to a general trend of bullish sentiment within the meme coin market.
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2024-06-05 02:51