Memecoins on Solana have had a major affect on the cryptocurrency world. The rise in memecoins on the platform has induced a spike in exercise on the SOL community. The launch of Pump.enjoyable could also be one of many components driving the expansion of memecoins on the SOL community.
SOL’s Recent Price Spike
The surge in SOL-based memecoins might have helped SOL’s latest rally. The asset reached a brand new all-time excessive of $263.21 on Nov. 23, 2024.
SOL confronted a dip after Bitcoin (BTC) fell under $91,000. SOL continues to be down by 7.1% within the weekly charts. Despite the dip, SOL has maintained some features within the different time frames. The asset is up 0.7% within the each day charts, 14.7% within the 14-day charts, and 34.8% over the earlier month. The cryptocurrency’s value has additionally risen by 304.7% since late November 2023.
Solana’s efficiency during the last yr has been unbelievable. The asset fell to under $10 after the collapse of FTX in November 2022. SOL has made fairly a restoration since its 2022 lows.
Top 3 Solana-based Memecoins
1. Pepe (PEPE)
PEPE is among the many best-performing cryptocurrencies of the final yr. The memecoin has shortly climbed the ranks and is presently the Twenty third-largest crypto undertaking by market cap.
According to CoinCodex, the SOL-based memecoin may hit a brand new all-time excessive of $0.00006830 on Dec. 27, 2024.
2. Dogwifhat (WIF)
WIF is one other SOL-based memecoin with witnessed unbelievable development this yr.
According to CoinCodex, WIF will proceed to rally over the following few weeks. The platform anticipates the memecoin to breach the $10 in December 2024. CoinCodex anticipates the asset to hit a brand new peak of $10.91 on Dec. 27. 2024.
3. Popcat (POPCAT)
POPCAT made waves earlier this yr when its value skyrocketed. The memecoin shortly entered the highest 100 initiatives by market cap.CoinCodex predicts the Solana-based memecoin to hit a brand new all-time excessive of $4.34 on Dec. 27, 2024.
