Solana

DeFi

Bonk

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/how-are-solana-based-altcoins-performing/" data-wpel-link="internal">How Are Solana-Based Altcoins Performing?</a><br></p>
<p style="text-align: justify">Primarily <strong>Solana</strong> (<a href="https://en.coin-turk.com/analyst-solana-sol-is-ready-for-a-strong-bull-market-target-price-at-250/" data-wpel-link="internal">SOL</a>), along with two other Solana network-based <a href="https://coin-turk.com/litecoin-ripplei-geride-birakabilir-mi" data-wpel-link="internal">altcoins</a>, Dogwifhat (WIF) and Bonk (BONK), continue to stay on investors’ radar. Despite the recent downturn in the cryptocurrency market, these three altcoins hold promise for wealth-seeking investors.</p> 
<h2 style="text-align: justify" id="strong-solana-sol-strong"><strong>Solana (SOL)</strong></h2> 
<p style="text-align: justify">The main network asset of the Solana network, <strong>SOL</strong>, continues to maintain its strong position in the decentralized finance (<a href="https://coin-turk.com/yearn-finance-nedir" data-wpel-link="internal">DeFi</a>) sector by using <a href="https://en.coin-turk.com/the-decentralization-of-reddits-moons-token-a-milestone-in-community-governance/" data-wpel-link="internal">Blockchain</a> technology to solve significant problems in the finance world. As of this writing, SOL is trading at $124 and has risen 7% over the last 7 days according to data.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-347137" src="https://coin-turk.com/wp-content/uploads/2024/05/Altcoin-Solana-SOL.jpg" alt="" width="1624" height="792"></p> 
<p style="text-align: justify">The total value locked (TVL) in <a href="https://en.coin-turk.com/metamask-enables-easy-crypto-buying-and-selling-with-banxa-partnership/" data-wpel-link="internal">DeFi</a> applications on the Solana network is steadily increasing, which particularly boosts the popularity of Solana-based memecoins. As a result of the increase in TVL, the price of SOL is also rising. Despite recent declines, this major <strong>altcoin</strong> has increased its value by 462% over the past year and ranks fifth in the list of the largest cryptocurrencies with a market value of $55 billion, according to CoinMarketCap data.</p> 
<h2 style="text-align: justify" id="strong-dogwifhat-wif-strong"><strong>Dogwifhat (WIF)</strong></h2> 
<p style="text-align: justify">A Solana-based memecoin, <strong>WIF</strong>, has seen a notable decrease in market activity. Its price has fallen over 7% in the last 24 hours to $2.43. However, since its launch on March 10, WIF’s price has risen by 1,344% and reached an all-time high of $4.85 on March 15. This situation has positively influenced other memecoins as well.</p> 
<p style="text-align: justify">WIF has been trading between $2.40 and $3.54 for a while, and the popularity of Solana and a potential recovery in the overall cryptocurrency market could drive the altcoin’s price upward again.</p> 
<h2 style="text-align: justify" id="strong-bonk-bonk-strong"><strong>Bonk (BONK)</strong></h2> 
<p style="text-align: justify">Inspired by other Solana-based memecoins, <strong>BONK</strong>, which distributed half of its supply to Solana users, has made a significant impact and raised its market value to over $1.5 billion.</p> 
<p style="text-align: justify">At the time of writing, BONK is trading at $0.00002287, having fallen over 6% in the last 24 hours, but since its launch, it has shown a remarkable rise of 3,830%. BONK could be a promising investment based on Solana’s popularity.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/how-are-solana-based-altcoins-performing/" data-wpel-link="internal">How Are Solana-Based Altcoins Performing?</a></h5>

How Are Solana-Based Altcoins Performing?

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