Where’s The Popular Solana Meme Coins Standing Today? Hike Or Drop

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As a crypto investor with some experience in the market, I’ve seen my fair share of meme coins launching on various networks, including Solana. The hype around these assets can be intoxicating, and it’s easy to get swept up in the excitement when prices are surging. However, it’s crucial to remain objective and assess their performance based on facts.

Solana meme coins, as in the meme coins, launched on the Solana network, are one of the famous categories in the crypto market. This category gained great popularity from the beginning of this year when multiple tokens boomed in price, making big gains for their holders. It is now worth $10 Billion in market cap and $2 Billion in trading volume, becoming a major portion of the overall market cap.

In this blog post, we’ll delve into the current performance of the popular meme coins such as Dogecoin (DOGE), Bonk (BONK), Bomber Crew (BOME), and Slurfcast (SLERF). These digital currencies have gained significant fame within the crypto community. Stay tuned to find out how they’re faring in today’s market.

Dogwifhat (WIF)

As a researcher studying the cryptocurrency market, I’ve observed that Dogecoin (WIF) reached its peak price of $4.85 at the beginning of April, sparking widespread interest in Solana meme coins. Unfortunately, that target is now 32% out of reach as WIF’s value has declined since then. Although it attempted to recover at the end of May, this effort fell short. Currently, WIF is trading at $3.28, representing a 5% decrease over the past week, with a 1.78% drop occurring within the last 24 hours. Additionally, its current 24-hour trading volume and market capitalization stand at $417,839,447 and $3,274,823,343, respectively.

Bonk (BONK)

The cost of BONK has taken a hit and is now decreasing, down 3% in the last 24 hours. At present, it’s trading at $0.00003206. This meme coin on the Solana network has dropped 31% from its record high of $0.00004704, which was reached three months ago. BONK saw a peak in March but experienced a continuous decline since then. Despite this major drop, it managed to rebound by the end of May, resulting in a price that is 30% higher than what it was just a month ago.

Book of Meme (BOME)

Among well-known Solana meme coins, Book of Meme stands out with a 0.2% increase in value during the past 24 hours. This figure represents a more substantial growth of 2.6% over the last week. Currently, BOME is priced at $0.01349 and boasts a market capitalization of $930 million and a trading volume of $237 million. Despite this price escalation, it’s essential to note that it hasn’t reached the heights of its March rally, which peaked at $0.02805 – double the current value.

Slerf (SLERF)

The Solana-based meme coin, SLERF, drew significant attention when a trader made a substantial profit of $3 Million within a short span of 12 minutes. At its peak during the launch, SLERF reached an impressive price of $1.37, which is nearly four times its current value. However, this surge did not last long, and the price plummeted continuously afterward. Lately, there has been a resurgence in the coin’s price, with a 28% increase over the past week and a 3% rise in the previous day. The current trading price of SLERF is $0.3913, accompanied by a market capitalization of $195,664,472 and a trading volume of $70,788,875.

Despite the fact that Habibi (SOL), Beercoin, and GME aren’t currently popular among meme coins on Solana according to Coingecko’s trends, other meme coins are garnering attention within this category.

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2024-06-07 12:16