Memes, the integral part of human lives across all cultures hit the investment world by storm with the advent of meme coins, the Dogecoin (DOGE), being the pioneer since its inception in 2013 to it titular, behemoth rise to 800% by 2021 all thanks to celebrities like Elon Musk, Snoop Dog and Mark Cuban.
What started as a joke, a satire to crypto bigwigs such as Bitcoin, Ethereum became the staple coin rewarding investors in humongous/mammoth proportions beyond their wildest dreams. The phenomenal success of Dogecoin (DOGE) led to the inception of Shiba Inu (SHIBA), Pepe, Floki, Bonk, Corgi AI, and so on.
What makes the Solana meme coins so popular?
Well, its fun and accessible, altcoin for starters, doesn’t have a capped supply, celebrity thumbs-up, and lastly heavily endorsed by tech savvy, woke users on Reddit. It comes as no surprise that the early investors raked in the moolah with DOGE, SHIBA, and other meme coins since their inception.
Where does it leave the rest of the budding investors? Is there no second wave to invest on the rising meme coins bandwagon?
Yes! There is!
Amongst numerous meme coins, there exists a promising new player Solana.
Solana: Powerful for Developers, Fast for Everyone
Solana is an open-source blockchain platform founded in 2017.
It is a project designed by the Solana Foundation to host decentralized,
scalable applications, and built by San Francisco-based Solana Labs.
What makes Solana different?
1. Solana bring blockchain to the people.
2. It supports experiences for power users, new consumers, and everyone in between.
3. Solana is really fast, it has block times of 400 milliseconds, and as the hardware gets faster so will the network.
4. The Solana network is validated by thousands of nodes that operate independently of each other, ensuring secure, censorship resistant data.
5. Solana is made to handle thousands of transactions per second, and fees for both developers and users remain less than $0.0025.
6. Each Solana transaction uses about the same energy as a few Google searches.
7. It is designed for real world use.
8. It is built for growth.
9. Thousands of creators, artists, and developers are using Solana.
This is what makes Solana, stand out from the rest of its peers.
Solana: The new bull of 2024 meme coins
If considered by market capitalization, Solana was the sixth
largest cryptocurrency on Dec. 12, 2023. Its larger rivals included Bitcoin,
Ethereum, Tether, BNB, and XRP.11
After its first initial coin offering (ICO) of $US0.9511 in
2018, Solana has skyrocketed to $US120 in the last quarter of 2023, thanks to
the summation of market dynamics, and the latest improvements in the Solana
network, often compared to its peer Ethereum.
Thanks to an infinite
supply of SOL tokens (The circulating supply was 426 million SOL on Dec. 12,
2023.12). Solana has captured the attention of investors looking for the next
big opportunity in the blockchain space.
Where to invest in Solana in 2024?
Top Solana based Meme Coins in 2024 | ||||
Bonk (BONK) | Slothana (SLOTH) | Moonlana (MOLA) | Dogwifhat (WIF) | Myro (MYRO) |
Established in 2021, Moonlana offers a mix of meme coin fun and utility. Users can stake their MOLA tokens, a feature often absent in meme coins, and benefit from a dedicated user-friendly dashboard. | This newcomer has generated significant buzz with its innovative presale mechanism and viral marketing. Its focus on accessibility and a strong community might propel it to new heights. | Established in 2021, Moonlana offers a mix of meme coin fun and utility. Users can stake their MOLA tokens, a feature often absent in meme coins, and benefit from a dedicated user-friendly dashboard. | This meme coin, named after a viral image of a dog wearing a hat, has experienced a meteoric rise in a short period. Its future hinges on maintaining community engagement and developing further use cases. | Inspired by Solana co-founder Raj Gokal’s dog, Myro offers a lighthearted approach to meme coins. It has attracted a loyal following and boasts a market cap exceeding $100 million. |
Remember: The Solana Based Meme Coins and meme coin market is inherently volatile. While these projects hold promise, thorough research and a cautious investment strategy are crucial.
Thanks for reading this article about Solana based meme coins!
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