These 5 Solana Memecoins are 2024 Bull Run’s Biggest Gainers

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As a seasoned crypto investor with a knack for spotting trends and recognizing potential, I find myself intrigued by the current surge in Solana-based memecoins. Having missed out on the Bitcoin train this time around, I’m keeping a close eye on these promising altcoins that are showing remarkable growth.

Due to Bitcoin‘s rapid increase and approach to $100,000, many alternative cryptocurrencies have likewise hit a record peak (ATH), creating an overall optimistic atmosphere among crypto investors as the market experiences a bullish trend.

As per CoinGecko, Bitcoin’s current price hovers around $98,500, poised to surpass the $100K mark, suggesting an overly optimistic investor sentiment. On the other hand, Solana’s market has shown a consistent uptrend over the past 24 hours, pushing its market cap up to $22.2 billion. For those who may have missed the Bitcoin boat, Solana presents an attractive alternative, offering potential gains for traders, investors, and scalpers in the ever-evolving crypto market.

Top 5 Solana Memecoins Gainers in 2024 Bull Run

Check out some of the standout Solana weekly gainers that have caught our attention and could be worth investigating!

BONK

Over the past period, the value of Bonk has persistently risen, peaking at an unprecedented high of $0.0005306, placing it among the top-performing meme coins. It started trading at $0.000543, representing a significant increase of more than 29,166% and boasting a market cap of approximately $4.8 billion.

A financial expert anticipates the price of this meme coin could rise further due to the widespread fear among traders not wanting to miss out (FOMO) in the market. As per a post by The Bonk Guy on platform X, who boasts over 80,000 followers, Bonk’s trading activity outpaces that of Pepe, Shiba Inu, and Dogewithhat combined. Additionally, Bonk is demonstrating robust trading activity.

At the moment, the BONK chart indicates that BONK is experiencing higher trading volumes than Solana (SOL) on the largest U.S. cryptocurrency exchange, Coinbase.

— Unipcs (aka ‘Bonk Guy’) 🎒 (@theunipcs) November 20, 2024

Dogwifhat (WIF)

In the past few days, the WIF token has experienced a period of stabilization, which followed Donald Trump’s election and its addition to Coinbase. During this timeframe, the token surged an impressive 120% in just one week.

Currently, the WIF token is valued at $3.30. This month has seen a robust upward trend for the token, and considering the positive market climate, it appears that WIF could potentially triple in value to approximately $12.81 by December’s end. This represents a significant 200% increase from its current all-time high (ATH).

It’s possible that the token known as WIF could experience a curve resembling a parabola if the so-called “meme supercycle” truly begins in 2025, as cryptocurrency analysts predict. In an extremely enthusiastic market scenario, the fear of missing out (FOMO) among retail investors and viral excitement might drive WIF’s price up by a factor of 15 from its current record high.

Popcat (POPCAT)

This year, Popcat has been performing exceptionally well, even prior to the recently concluded U.S. election. By October 2024, Popcat had an impressive market capitalization of $1.71 billion. Currently, Popcat is being traded at $1.59, and in the past two weeks, the token has seen a trading volume increase of 6.9%.

Based on Coincodex predictions, this cryptocurrency may experience a substantial growth of approximately 225.17% over the coming period, potentially surpassing its current record high at around $5.63 by November 28, 2024.

Peanut the Squirrel (PNUT)

Two days past, the market value of “Peanut the Squirrel” (PNUT) reached a staggering 1.6 billion, and it’s been consistently demonstrating strong growth. In contrast to Bitcoin’s dip around $87,000, which negatively impacted all cryptocurrencies, and Solana surging past the $200 mark, PNUT has bucked the downward market trends.

At the moment, this token is being traded for $1.45, and over the past two weeks, its trading volume has increased by more than 1061.9%.

It’s widely recognized that Elon Musk has a substantial influence on the cryptocurrency market. In the world of meme coins, specifically, his public statements and tweets often lead to significant fluctuations in value.

Many saw Musk’s engagement with the PNUT-themed post as an indication that the meme token could be poised for substantial development or expansion.

Goatseus Maximus (GOAT)

To wrap things up, let me share my excitement about the Goatseus Maximum. Just a few weeks ago, this coin was the center of attention among crypto enthusiasts as its value skyrocketed by an astounding 12,000% during its first day on the market. As I write this, it’s trading at $1.09, and in the past week alone, its trading volume has experienced a remarkable 22.2% surge.

Predictions have been made regarding this meme coin too. As reported by CNN, GOAT could potentially reach $2.11 in 2025 and climb even higher to $6.04 by 2030. It’s important to mention that Goatseus Maximus has established a significant support level at $0.4181, which acted as a base during the market drop on November 3. This foundation has bolstered the token’s resilience, playing a role in the current uptrend.

Final Thought 

As an analyst, I’d like to highlight that while these five top Solana tokens are currently performing exceptionally well, it’s important to remember that there are other promising coins out there as well. For traders who may have missed the Bitcoin boom, exploring these five could potentially yield profitable opportunities.

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2024-11-22 14:34