Solana
2 Most Disruptive Solana Meme Coins Are Now Bouncing
The crypto market started the week miserably on Monday as Bitcoin fell to $60,000 and Ethereum below $3,300. In addition to concerns over macroeconomic factors such as the Federal Reserve’s stance on interest rate cuts, the announcement that the defunct Mt. Gox exchange will soon begin distributing Bitcoin and Bitcoin Cash payments to its creditors has worsened the instability. However, some Solana meme coins are bucking the trend on Tuesday, including dogwifhat (WIF) and Popcat (POPCAT).
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Solana Meme Coins to Buy: Dogwifhat
Launched in late 2023, Dogwifhat (WIF) is a meme coin capitalizing on the Shiba Inu dog craze within the country. Solana ecosystem.
Despite its lack of utility beyond its playful mascot sporting a pink knitted hat, it has gained popularity thanks to its light-hearted approach and community orientation. At the same time, WIF’s rapid price surge and ability to outperform established meme coins like DOGE on Solana surprised some investors, highlighting the unpredictable nature of meme coin popularity.
According to CoinGecko data, WIF is at the top of the rankings. Solana Coins bouncing the most. The token rose 24% in 24 hours to $1.9 and supported a massive increase in trading volume to nearly $1 billion.
Dogwifhat Price Chart | CoinGecko
Dogwifhat has a market capitalization of $1.9 billion, ranking 58th among other cryptocurrencies. It has a circulating supply of nearly 1 billion coins and a similar total supply.
The now-popular meme coin exploded to an all-time high of $4.83 in March this year, but due to the widespread correction in the cryptocurrency market over the past three months, it currently sits at 60% below ATH.
Maintaining the 24% rally in 24 hours, WIF shows the potential to recover losses and climb to an all-time high. For this reason, the meme coin easily passes for a disruptive Solana meme to buy and hold.
2. Popcat
Tackling internet nostalgia, Popcat (POPCAT) appeared as a Solana coin in late 2023. Referencing the viral “popcat” meme featuring a cat with exaggerated mouth movements, POPCAT only offered little use beyond its meme status.
However, a combination of community hype, a playful nod to internet culture, and impressive early growth – briefly outpacing established Solana meme coins – propelled Popcat into the meme coin spotlight, demonstrating the continued influence of internet trends in the crypto space.
Popcat continues to attract the attention of tech-savvy investors who not only love the coin frenzy but also the gigantic price movements.
For example, POPCAT exploded 60% after crashing the last two weeks through Monday. It was hovering at $0.4, occupying the 172nd position among other cryptos. The token boasts a market cap of $386 million and shows the potential to explode and reach the $1 billion threshold in the bull market.
Solana meme coin to buy – Popcat
unlike others coins, Popcat stands out with a relatively lower total supply of less than 1 billion coins. If demand for this token continues, a breakout beyond the all-time high of $0.72 is in sight. However, the journey will not end there as Popcat could reach unprecedented levels.
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