News
3 Solana coins booming this week with new gains
The Solana network has become the most favored especially for the launch of new tokens meme coins. In recent months, Solana coins have presented good returns, creating hype around them. Coins like WIF, BONK BOME and many others were behind this hype due to their March rally. However, Solana’s native token, SOL, is struggling despite demand on the network. For now, let’s take a look at the three Solana coins that are booming this week amid declining market conditions.
Bytes (BYTE)
After the March rally, BYTE is attempting another one, as it is up 200% in a one-week span. BYTE has gained 573% year to date, making it one of the best performing cryptocurrencies after the rest Solana meme coins
like WIF, MAGA, etc. At the time of writing, Byte is worth $0.00003297 after a 17% gain in the last 24 hours. Furthermore, it has a market capitalization of $31,799,468 and a trading volume of $2,837,806. With this week’s surge, BYTE is now 51% away from its all-time high target of $0.00006408.
Slothana (SLOTH)
After a successful pre-sale for this sloth-themed meme coin, it is also making a name for itself in the cryptocurrency market. Moments after its launch, Slothana it rallied sharply to an all-time high of $0.05983 before actually dropping to a low. The decline continued for days and in recent days it has started to rise again, gaining 31% in value. Slothana and many other Solana coins are rising today, beating the odds. It is currently trading at $0.01452 with a market cap of $24,716,037 and a trading volume of $9,242,667.
SolCex (SOLCEX)
SOLCEX entered the market recently, gaining 337% in value since its launch. This Solana coin is the native token of the centralized cryptocurrency exchange, SolCex, launched on the Solana network. With sustained demand in the market, SOLCEX gained 28% this week and 6% in the last 24 hours, bringing the value to $0.01349. Furthermore, it has a market capitalization of $6,751,211 and a trading volume of $1,563,231.
Byte, Slothana and SolCex showed impressive performance this week, outperforming all the most popular Solana coins. It remains to be seen how these Solana coins will continue in the future and whether they will manage to surpass the others or not. However, since trends can make or break any cryptocurrency, popular ones may also bounce back once trends establish themselves and the declining market recovers.
Keep reading Will Ethereum price surpass $4,000 in near-term trading?