Memecoins on Solana have had a significant impact on the cryptocurrency world. The rise in memecoins on the platform has caused a spike in activity on the SOL network. The launch of Pump.fun may be one of the factors driving the growth of memecoins on the SOL network.
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SOL’s Recent Price Spike
The surge in SOL-based memecoins may have helped SOL’s recent rally. The asset reached a new all-time high of $263.21 on Nov. 23, 2024.
SOL faced a dip after Bitcoin (BTC) fell below $91,000. SOL is still down by 7.1% in the weekly charts. Despite the dip, SOL has maintained some gains in the other time frames. The asset is up 0.7% in the daily charts, 14.7% in the 14-day charts, and 34.8% over the previous month. The cryptocurrency’s price has also risen by 304.7% since late November 2023.
Solana’s performance over the last year has been incredible. The asset fell to below $10 after the collapse of FTX in November 2022. SOL has made quite a recovery since its 2022 lows.
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Top 3 Solana-based Memecoins
1. Pepe (PEPE)
PEPE is among the best-performing cryptocurrencies of the last year. The memecoin has quickly climbed the ranks and is currently the 23rd-largest crypto project by market cap.
According to CoinCodex, the SOL-based memecoin could hit a new all-time high of $0.00006830 on Dec. 27, 2024.
2. Dogwifhat (WIF)
WIF is another SOL-based memecoin with witnessed incredible growth this year.
According to CoinCodex, WIF will continue to rally over the next few weeks. The platform anticipates the memecoin to breach the $10 in December 2024. CoinCodex anticipates the asset to hit a new peak of $10.91 on Dec. 27. 2024.
3. Popcat (POPCAT)
POPCAT made waves earlier this year when its price skyrocketed. The memecoin quickly entered the top 100 projects by market cap.CoinCodex predicts the Solana-based memecoin to hit a new all-time high of $4.34 on Dec. 27, 2024.
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