Solana

United

when

Bonk

When the industry is doing its review of 2024, one of the major narratives will be the success with which Solana tokens have dominated. With their low transaction fees, they’ve been a trader’s dream, not to mention the default choice for meme coins in 2024. It wasn’t easy, but we managed to craft the list that anyone considering investing in Solana tokens would pray for.&nbsp;
After looking at market conditions, project fundamentals, community strength, and more, our analysts have drawn up this list. Here are 3 projects that rise to the top when it comes to determining the best Solana tokens in town.
<ol>
 <li style="font-weight: 400;" aria-level="1">Poodlana (POODL): Where glamour meets investment</li>
 <li style="font-weight: 400;" aria-level="1">Solana (SOL): ETH’s worst nightmare?</li>
 <li style="font-weight: 400;" aria-level="1">Bonk (BONK): Serious gainer in 2024</li>
</ol>
<h3 id="1-poodlana-where-glamour-meets-investment">1. Poodlana: Where glamour meets investment</h3>
Meme coins on Solana have been mostly throwaway jokes. But like any good Vogue September issue, <a rel="noopener noreferrer nofollow" href="http://poodlana.com/?utm_id=POODL31&amp;utm_source=coingape&amp;utm_medium=referral&amp;utm_content=Micro-agnostic&amp;utm_campaign=en_artc_external_presale&amp;utm_term=best_solana_tokens" target="_blank">Poodlana</a> is setting the tone for the (altcoin) season. Doge is so out. Poodles are the new meme coin mascot, and Poodlana is the first ever coin to use said beautiful hounds and harness the power of luxury fashion at the same time.
This positioning is deliberate. Poodles are the supreme fashionable leader of dog breeds in the Far East, ranking among the top 3 most popular breeds in China, Japan, and Korea. Plus, luxury retail is bigger in Asia than it is in the United States, showing the importance of fashion here. Asia is also a setter of trends when it comes to meme coins: 80% of meme coin trading can be linked to the Asia Pacific region. At last, we have a meme token that tickles the Asian market in exactly the right spot.
So far, the Asian meme coin scene clearly has an eye for quality—Poodlana’s presale reached in over $500k in its first 4 hours. This is likely bolstered by the project’s exemplary tokenomics: launched on 17th July, running for 30 days, and ending on 16th August, Poodlana is too chic to wait around. Its DEX exchange listing is scheduled to occur within 60 minutes from the presale’s conclusion, meaning traders can get trading right away, and POODL can start surging with zero fuss.&nbsp;
Join fashion and crypto’s next big movement by visiting the <a rel="noopener noreferrer nofollow" href="http://poodlana.com/?utm_id=POODL31&amp;utm_source=coingape&amp;utm_medium=referral&amp;utm_content=Micro-agnostic&amp;utm_campaign=en_artc_external_presale&amp;utm_term=best_solana_tokens" target="_blank">Poodlana website</a>.
<h3 id="2-solana-eth-s-worst-nightmare">2. Solana: ETH’s worst nightmare?</h3>
Solana is the chain powering the big story of 2024. The number of daily DEX traders for Solana has skyrocketed this year, shooting past rivals like ETH, BNB, and BASE, firmly establishing Solana as their biggest threat. Thanks to its faster transaction speeds and gas fees at a fraction of their ETH equivalent, there’s no reason why this rise can’t continue.
Solana has been launching more than double the number of coins that Ethereum has, many of them meme coins—another sector that’s dominated the 2024 conversation. And with Solana meme coins now making up <a rel="noopener noreferrer nofollow" href="https://www.coingecko.com/en/categories/solana-meme-coins" target="_blank">nearly 20% of all meme coin market cap</a>, SOL meme coins in particular are looking like the growth area that’ll push Solana further in the coming months.
Solana has made powerful year-on-year gains of nearly 500% at press time. However, for those investing now, the gains are unlikely to be significantly greater. This is due to Solana’s ample market cap and lack of notable distance between today’s price of around $160 and its all-time high of $260. Those investing today may be disappointed during peak bull run, when their peers see +1000% on their bags and Solana is maxing out at slightly above its current highs. Still, if you’re looking for an established Solana token with a worthy market cap, where better to look than the source?
<h3 id="3-bonk-serious-gainer-in-2024">3. Bonk: Serious gainer in 2024</h3>
Few coins can equal the might of Bonk this year. Starting with an airdrop in late 2022, the coin remained quiet until around a year later when it began a series of consecutive lurches to <a rel="noopener noreferrer nofollow" href="https://coinmarketcap.com/currencies/bonk1/" target="_blank">new all-time highs over a 6 month period</a>. Now constantly vying for the Solana meme coin top spot, Bonk has delivered, at press time, a +25,000% gain for those early to the party.&nbsp;
The coin could slowly be going the way of more established meme coins like Shiba Inu, thanks to its vibrant ecosystem consisting of an NFT collection, a trading bot, and more. However, with a market cap of nearly $2 billion at press time, the scope for making triple or even double-digit gains looks like it could be limited.&nbsp;
If you’re in search of an established Solana meme coin, Bonk could be just what your bag needs. At this stage it’s not going to deliver the kind of gains that an early-stage, low-cap gem (ideally in presale) might deliver. But it’s still a worthy contender for anyone interested in Solana tokens. 
The post <a href="https://coingape.com/sponsored/top-3-solana-tokens-trending-in-the-crypto-market/" rel="noopener noreferrer nofollow">Top 3 Solana Tokens Trending in the Crypto Market</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

Top 3 Solana Tokens Trending in the Crypto Market

Table of Contents

Coingape News Media

Other articles published on Jul 22, 2024

Crypto Bull Run 2024: Market Signals Show Green – Should You Buy In Now?

ChromaWay Resumes Collaboration with EU Implementing Chromia Technology

Solana to $2500, CYBRO and MATIC to $25 After Thursday? All You Need To Know About ETH ETF Starts...

Donald Trump Price Prediction: TRUMP Soars 53% After Joe Biden Drops Out Of Presidential Race As ...

The Crypto Clash: MoonBag's Stellar Growth vs. Maker's Whale Gambits – Where Should You Invest?

Ethereum price faces a major supply wall at $3.5k

Join our free newsletter for daily crypto updates!