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Top 3 Solana Tokens Trending in Cryptocurrency Market
When the industry does its 2024 review, one of the main narratives will be how successful Solana tokens have been. With their low transaction fees, they have been a trader’s dream, not to mention the default choice for meme coins in 2024. It hasn’t been easy, but we have managed to create THE list that anyone thinking of investing in Solana tokens would pray for.
After examining market conditions, project fundamentals, community strength, and more, our analysts have compiled this list. Here are 3 projects that rise to the top when it comes to determining the best Solana tokens in town.
- POODLANA (POODL): Where Glamour Meets Investment
- Solana (SOL): ETH’s Worst Nightmare?
- Bonk (BONK): Strong Gains in 2024
1. Poodlena: Where Glamour Meets Investment
The Solana meme coins were mostly thrown in there. But like any good September issue of Vogue, Poodlan is setting the tone for the season (altcoin). Doge is so out. Poodles are the new mascot for the meme coin, and Poodlana is the first coin ever to use the aforementioned beautiful hounds AND harness the power of luxury fashion at the same time.
This positioning is deliberate. Poodles are the supreme fashion leaders of dog breeds in the Far East, ranking in the top 3 most popular breeds in China, Japan, and Korea. Additionally, luxury retail is larger in Asia than in the US, which shows the importance of fashion here. Asia is also a trendsetter when it comes to meme coins: 80% of meme coin trading can be linked to the Asia-Pacific region. In the end, we have a meme token that tickles the Asian market in exactly the right spot.
So far, the Asian meme coin scene clearly has an eye for quality: Poodlana’s presale reached over $500k in its first 4 hours. This is likely bolstered by the project’s exemplary tokenomics: launched on July 17, running for 30 days, and expiring on August 16, Poodlana is too chic to wait. Its DEX listing is scheduled to happen soon within 60 minutes of the pre-sale endingwhich means traders can start trading right away and POODL can start growing without any issues.
Join the next big movement in fashion and cryptocurrency by visiting the Poodlana website.
2. Solana: ETH’s Worst Nightmare?
Solana is the chain that fuels the big story of 2024. The number of daily DEX traders for Solana has skyrocketed this year,
surpassing rivals like ETH, BNB, and BASE, firmly establishing Solana as their biggest threat. With faster transaction speeds and gas fees at a fraction of their ETH equivalent, there is no reason this growth can’t continue.
Solana has launched more than twice as many coins as Ethereum, many of which are meme coins, another sector that has dominated the conversation in 2024. And with Solana’s meme coins now making up nearly 20% of all meme coin market capIn particular, SOL meme coins appear to be the growth area that will further propel Solana in the coming months.
Solana has made year-over-year gains of nearly 500% at press time. However, for those investing now, the gains are unlikely to be significantly greater. This is due to Solana’s large market cap and the lack of a noticeable distance between today’s price of around $160 and its all-time high of $260. Those investing today may be disappointed during the peak of the bull run, when their peers are seeing +1000% on their exchanges and Solana is peaking slightly above its current highs. However, if you’re looking for an established Solana token with a decent market cap, where better to look than the source?
3. Bonk: Strong growth in 2024
Few coins can match the power of Bonk this year. Starting with an airdrop in late 2022, the coin went quiet until about a year later, when it began a series of consecutive shakeups towards
new all-time highs in a 6-month periodNow in constant competition for the top spot on Solana’s meme coin leaderboard, Bonk has, at the time of going to press, given away a +25,000% payout to those who join the party first.
The coin may slowly follow the path of more established meme coins like Shiba Inu, thanks to its vibrant ecosystem of an NFT collection, a trading bot, and more. However, with a market cap of nearly $2 billion at press time, the chance of making triple- or even double-digit gains appears limited.
If you are looking for an established Solana meme coin, Bonk may be just what you need. At this stage it won’t provide the kind of returns that an early stage, small cap gem (ideally pre-selling) could provide. But it is still a worthy contender for anyone interested in Solana tokens.