Today is the final day before the fourth Bitcoin reward reduction, decreasing the block reward from 6.25 to 3.125 Bitcoins. As anticipated by experts, the cryptocurrency market has experienced a correction period. Consequently, most digital assets have surrendered their recent profits and begun a descent. Nevertheless, today, there has been a recovery in crypto values, encompassing Solana and its associated meme coins as well.
Over the past several months, Solana has emerged as the go-to network for meme coins. Consequently, a number of new meme coins have been introduced on this platform. In this blog post, we will explore the most profitable Solana meme coin currently (just prior to Bitcoin’s halving event).
Top 5 Most Profiting Solana Meme Coins
The market capitalization of Solana’s meme coins has experienced a notable increase of over 16% within the past 24 hours, reaching a total value of $6.53 billion with a trading volume of approximately $1.8 billion. Notable meme coins on the Solana network, such as Harold, Pepcat, Harambe, and BananaCat (Sol), have significantly contributed to this growth and have emerged as the most profitable options over the last 24 hours.
Harold (HAROLD)
Harold, the new Solana meme coin, has experienced significant price volatility in recent days. As indicated by CoinmarketCap figures, the meme coin reached its peak value of $0.02179 on April 8th. Following its debut in the cryptocurrency market, Harold began to slide downward, shedding approximately half of its worth.
Today isn’t the right moment for that, as Harold’s price has skyrocketed over 113.63% in a single day. Its current value is now at $0.008702 with a market capitalization of $8,659,658. Additionally, there’s been an impressive increase of 161.31% in trading volume, resulting in a significant transaction value of $1,157,625.
Pepcat (PEPCAT)
Currently, PEPCAT can be found on decentralized markets, and its value has escalated by 62% over the past day. Based on CoinGecko data, PEPECAT is priced at $0.0001461, with a market capitalization of $146,012.
PEPECAT has experienced price volatility since the 10th of April, with the value mainly decreasing. However, there was a significant turnaround today, resulting in a 62% increase from the previous day. The coin reached an all-time high of $0.001057 only thirteen days ago, representing an 86% price difference from its current value.
Harambe on Solana (HARAMBE)
In just three months after its debut, HARAMBE, the Solana meme token, experienced an impressive gain of over 200%. There have been some minor price swings, but the coin reached a peak price of $0.07914 and hit a low of $0.0346.
Currently, the price of the meme coin is at $0.02168, representing a significant increase of 54.61% in a single day. Additionally, HARAMBE has amassed a market capitalization worth $21.6 million. Notably, the trading volume for this coin has experienced a substantial rise as well, with a 157.78% increase leading to a value of approximately $6.22 million.
BananaCat (Sol) (BCAT)
The price of BananaCat (Sol) has jumped to $0.000496, a 49.3% increase in just one day. In mid-March, the coin reached its all-time high at $0.003073. Since then, its value had plummeted, decreasing by around 84%. However, it managed to bounce back with this recent price rise. Additionally, there have been approximately $9,295 worth of trades in the past 24 hours, and BananaCat has a market capitalization of $503,450.
Conclusion
In contrast to well-known meme coins such as Dogecoin, Shiba Inu, and BONK, the value of Harold, Pepcat, and other lesser-known meme coins is relatively low. However, these coins have experienced significant price increases over the past 24 hours. If this trend persists, there’s a good chance they could reach their peak prices before the upcoming Bitcoin halving event.
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2024-04-19 20:18