Memecoins
Expert Predicts Solana Price To Rise By 300%, Along With A Rise In This Memecoin
Disclosure: This article does not represent investment advice. The content and materials presented on this page are intended for educational purposes only.
Solana’s recent price drop to $135 has not dampened experts’ predictions of a potential 300% rebound in 2024, as well as a new memecoin showing potential.
Solana has been the clear frontrunner in this year’s rally, with monthly trading volume reaching a new all-time high of $58.4 billion in March and prices reaching as high as $200.
However, in recent weeks, trading has slowed and the coin’s price has dropped to just $135.
However, many expect this to be a temporary correction that will lead to a promising recovery. Popular crypto expert Jacob “Crypto” Bury predicted that Solana could reach 3-4x in 2024 and outlined his reasoning in a recent report. Message.
He also highlighted the upcoming Solana coin which he believes is poised to gain momentum, Dogeverse (DOGEVERSE)which is currently on pre-sale.
The price of Solana will increase by 300% this year
2023 was a tough year for crypto, with prices falling and stagnating as trading activity declined across the board. The Solana blockchain was not immune to this bearish sentiment, it started 2023 at around $10, almost a tenth of the price it started 2022 at.
From there, it struggled to make serious gains through the end of 2023. The price surged from $38 in November to break the psychological barrier of $100.
From there, we saw Solana reach new highs, even hitting $200 (its all-time high was $260 in 2020). This was accompanied by a huge increase in trading volume, reaching $58.4 billion. Previously, the highest monthly trading volume was almost $28.5 billion in December 2023.
The month of April was marked by a slowdown, with only $35 billion traded. At the same time, the price fell below the $200 level to settle around the $135 mark. However, recent moves and analysis have given rise to speculation that this price drop is not likely to last and the price could increase by 300%.
The last 24 hours saw a 12% price rise and positive candlestick trends. Solana is currently priced at $137.40.
Jacob points out that Solana has jumped 500-600% since 2023, so a similar jump is entirely possible. He also points out that even if Solana simply maintains its market dominance at 2.8%, with the crypto industry expected to reach a valuation of $10 trillion, Solana’s market cap could reach $280 billion.
This would result in an increase from its current market valuation of $61.5 billion.
One of the main factors influencing Solana’s bullish sentiment has been the memecoin mania dominating the crypto landscape. Meme coins have dominated this bull run to become a popular narrative in the first quarter of 2024. On average, meme coins have seen returns of $1,312.6 across major tokens.
Most of this activity comes from the new Solana memecoins. This has prompted investors to scour the web for the next Solana coin to gain traction.
Dogeverse: New Solana Coin Expected to Gain Momentum
In addition to predicting positive price upside for Solana, Jacob Bury also highlighted a Solana-compatible memecoin that he sees as having high potential: Dogeverse (DOGEVERSE).
In a recent Xpost, he predicted that there is a chance that this crypto will become another top 20 coin. Dogeverse is a new project and the first meme coin to run on six major blockchains.
If Dogeverse makes the top 20 memecoins, Dogeverse would follow in the footsteps of recently launched meme coins such as Book of meme, dogwifhat, and Bonk.
Book of meme had a successful launch, with the token seeing a 57,000% gain in three days. Many recently launched coins have seen similar returns.
Dogeverse is a new multi-chain meme coin that can capitalize not only on the success of Solana, but also on the popularity of other chains such as Ethereum, Avalanche, and the newly launched chain, Base. Base has spawned a number of viral coins, including Degen, which saw a 3,000% increase in the first week after launch.
Dogeverse follows the adventures of Cosmo, the chain-hopping Shiba Inu at the heart of the Dogeverse project. Dogeverse recently expanded to the Solana channel, attracting the attention of experts of all stripes, including Jacob Bury. Currently, the token is in pre-sale and has already raised more than $13 million.
Holders can stake the token to receive a generous staking return. The coin will function as a bridge between six major blockchains: Ethereum, Binance, Polygon, Avalanche, Base and Solana, meaning it will attract coin investors from all crypto communities.
Disclosure: This content is provided by a third party. crypto.news does not endorse any products mentioned on this page. Users should conduct their own research before taking any action related to the company.
Memecoins
Memecoins dominate major derivatives in terms of open interest | Flash News Detail
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Memecoins
Have a profitable August with Shiba Inu and Mpeppe (MPEPE) Don’t miss the winnings
August offers investors a unique opportunity to capitalize on the potential gains offered by Shiba Inu (SHIB) and Mpeppe (MPEPE)These two memecoins take advantage of the viral nature of internet memes and popular culture, attracting a diverse and enthusiastic audience. In this article, we’ll look at why Shiba Inu (SHIB) and Mpeppe (MPEPE) are poised for gains this month and why you shouldn’t miss out on the potential profits.
The viral power of memecoins
Memecoins have the inherent ability to leverage the viral nature of internet memes and popular culture references. This can lead to rapid spread of the cryptocurrency’s brand and message across various online platforms, potentially appealing to a broader and more diverse audience. Shiba Inu (SHIB) and Mpeppe (MPEPE) are great examples of how this viral potential can translate into substantial community growth and market presence.
Shiba Inu: riding the wave of popularity
Shiba Inu (SHIB) has established itself as a major player in the memecoin space. With its cute canine mascot and strong community support, Shiba Inu (SHIB) has gained a significant following. The coin’s ecosystem continues to grow, with projects like ShibaSwap adding to its utility and appeal. Investors are optimistic about Shiba Inu’s future, expecting it to ride the wave of popularity that has kept it in the spotlight.
Ecosystem expansion
THE Shiba Inu (SHIB) The Shiba Inu (SHIB) ecosystem is constantly expanding, offering new features and utilities that enhance its value proposition. Projects like ShibaSwap provide users with opportunities to stake and earn rewards, making Shiba Inu (SHIB) more than just a meme currency. This expansion helps solidify its market position and attract a wider audience.
Balancing humor and professionalism
Mpeppe (MPEPE) offers a unique and light-hearted approach to the serious world of digital assets, balancing humor and professionalism. Inspired by internet memes and the dynamic energy of football fans, Mpeppe (MPEPE) is quickly gaining traction in the crypto community.
Mpeppe (MPEPE) offers an opportunity to reach a younger demographic and tap into the viral nature of internet culture. By balancing humor and professionalism, Mpeppe (MPEPE) appeals to a wide audience, from casual meme enthusiasts to serious investors. This strategy is similar to the one that made Shiba Inu (SHIB) so successful, but with a modern twist.
Expanding Reach and Adoption
Mpeppe’s (MPEPE) ability to leverage internet culture means it has the potential to rapidly expand its reach and adoption. The memecoin’s branding and community-driven approach make it accessible and appealing, much like Shiba Inu (SHIB) in its early days.
Why August is the month to invest
As the cryptocurrency market experiences a surge in interest, August presents a great opportunity to invest in promising assets like Shiba Inu (SHIB) and Mpeppe (MPEPE) Both coins are well positioned to capitalize on the growing interest in memecoins, driven by their unique appeal and active communities.
Conclusion: Don’t miss the benefits
Shiba Inu (SHIB) and Mpeppe (MPEPE) are poised for a profitable August, leveraging their viral potential and strong community support to attract a diverse audience. With the cryptocurrency market in full swing, now is the perfect time to consider investing in these promising memecoins. Just as Shiba Inu (SHIB) captivated the crypto world with its unique appeal, Mpeppe (MPEPE) is poised to make its mark. Don’t miss out on the potential gains these innovative digital assets have to offer.
For more information on the Mpeppe presale (MPEPE):
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Memecoins
Solana down 8% as its coins Dogwifhat, Billy and Neiro fall further
Solana, the fifth-largest crypto asset by market cap, has fallen 8% in the past 24 hours, according to CoinGeckolike his Meme Coin Market Prices of some coins, which can be notoriously volatile, have fallen by as much as 43% in the past day.
As the cryptocurrency market bleeds with Bitcoin (Bitcoin) down 2.7% and Ethereum (ETH) 4.2%, Solana (GROUND) was the hardest hit among the top 10 cryptocurrencies, falling 8.2% to $168 on the day, according to data from CoinGecko. Along with this, meme coin Solana suffered huge losses.
The biggest loser in the last 24 hours is the bigger of the two Black (NEIRO) on Solana which fell nearly 44% to $0.01821. These tokens were launched after the owner of Kabosuthe Shiba Inu that inspired the Doge meme, announced that she had adopted a new dog named Neiro. Interestingly, her rival on the network launched an hour beforealso called Black (NEIRO), is up 75.2%. It appears that the Solana Neiro Civil War is far from being decided.
Other big losers include: Pump.fun’s Favorites Billy (BOWL), down 26.4%, and Michi (MICHI), which fell 24.5%. Over the past 24 hours, both tokens have flipped their market caps multiple times, but dog token Billy is currently in the lead with $94 million, about $3 million ahead of Michi.
Dog with hat (Wireless), the largest meme coin on Solana, was also hit, dropping 12.4%. Bonk (BONK), the second-largest Solana meme coin, fell 9.1%. In fact, among the top 50 Solana meme coins by market cap, only four tokens are in the green, with Zoomer (ZOOM IN) leading the pack with 41.1%.
Meme coins are notoriously high-risk assets and tend to post disproportionate losses when the broader market experiences a downturn.
Brain (BRAIN), Michi (MICHI), Mini (MINI), Shark cat (SC), and many others, for example, have suffered greater losses in the last 24 hours than any of the top 100 cryptocurrencies by market capitalization.
In the world of meme coins, when it rains, it rains.
Edited by Stacy Elliott.
Memecoins
Trader Says Bitcoin’s Path to $100,000 Is ‘Currently Programmed’, Updates Outlook on Memecoin That’s Up Over 18,000% YTD
A widely followed analyst and trader expresses bullish sentiment on Bitcoin (Bitcoin) while offering his take on the memecoin built on Solana (GROUND) blockchain ecosystem.
Starting with Bitcoin, the analyst known by the pseudonym Altcoin Sherpa tell His 219,000 followers on social media platform X say Bitcoin is on the verge of hitting a six-figure price.
“There will be bumps along the way, but Bitcoin’s path to $100,000 is on schedule. Don’t get rattled or lost along the way.”
Source: Altcoin Sherpa/X
At the time of writing, Bitcoin is trading at $66,236.
According to For the widely followed trader, Bitcoin enjoys strong support between $63,800 and $65,000, where the 25, 55, 89 and 200 exponential moving averages (EMAs) on the daily chart have clustered.
Source: Altcoin Sherpa/X
Next up is the Solana-based memecoin Popcat (POPCAT). The pseudonymous trader and analyst said that among the cat memecoin family, POPCAT is one of the “best” in the long run.
Altcoin Sherpa, however, says POPCAT looks bearish on the short-term four-hour time frame and needs to climb above a range low between $0.694 and $0.724 to avoid falling further.
Source: Altcoin Sherpa/X
POPCAT was trading at $0.00379 on January 5th and is now at $0.704, a gain of approximately 18,475%.
Altcoin Sherpa also offers his take on dogwifhat (Wireless), Solana-based Memecoin. According to For the pseudonymous analyst, WIF “still looks pretty good for now” on the four-hour chart with the “best” support area sitting around $2.10.
“The average would probably be $2.30 to $2.10 if I were you and I was swing trading this one.”
Source: Altcoin Sherpa/X
WIF is trading at $2.27 at the time of writing.
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