Solana has been catching the eyes of crypto enthusiasts due to a surge in trade volume on its decentralized exchanges (DEXs), signaling a growing demand for native tokens.
Among the standout performers on Solana, BONK has gained significant attention in recent weeks. This meme coin experienced a remarkable surge in both price and volume over the past month, positioning itself as one of the top performers within the Solana ecosystem. Notably, BONK has achieved listings on major platforms like Coinbase and Binance.
Solana Mid-Cap Tokens Gain Attention as Investors Seek Alternatives to BONK
As investors look for opportunities beyond the BONK rally on Solana, Crypto Koryo, a data-focused crypto community, offers insights through a dashboard tracking the performance of various Solana tokens. The dashboard categorizes tokens into mid-caps, small caps, and micro-caps based on their trading volume in the last 30 days.
Solana tokens are exploding.
Missed $BONK? Don’t miss the next ones.
My new “Solana Shitcoins” dashboard will help you.
Let’s explore 🧵👇🏻 pic.twitter.com/HxNSWsl17e
— Crypto Koryo (@CryptoKoryo) December 19, 2023
In the mid-cap category, tokens like MOBILE, FONK, HONEY, GUAC, and ORCA have recently shown promising performance. These tokens boast a trading volume ranging from $1 million to $600 million over the past 30 days, capturing the attention of investors seeking alternatives to BONK.
For those looking at smaller market cap tokens, the dashboard highlights tokens such as META, POPCAT, RBT, IOT, CHEEMS, ALL, and FOMOFOX. These small-cap tokens, with a trading volume between $100,000 and $1 million, present alternative options for investors exploring the vibrant Solana ecosystem.
Exploring Small-Cap and Micro-Cap Tokens on Solana: Risks and Rewards
As investors seek diverse opportunities on Solana beyond major tokens like BONK, Crypto Koryo provides insights into smaller-cap tokens through its dashboard. The small-cap tokens, with trading volumes between $100,000 and $1 million, include META, POPCAT, RBT, IOT, CHEEMS, ALL, and FOMOFOX. Although more speculative and volatile, these tokens offer potential for high returns, according to the analyst.
For the most adventurous investors, Crypto Koryo identifies micro-cap tokens with a trading volume of less than $100,000. These tokens, such as SBONK, RUSH, SANTA, CHADS, DOGGO, Ants, FTT, NINJA, and CAVE, come with higher risks, including high slippage, low liquidity, and extreme price swings. Described as suitable for “hardcore degens,” or risk-tolerant individuals, these micro-cap tokens may provide substantial rewards but require thorough research and due diligence due to the unpredictable and volatile nature of the crypto market.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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