Solana

April

Coin

<ul class="news-points"> 
 <li>The Solana ecosystem has witnessed significant growth in the last month.</li> 
 <li>The values of some meme coins on Solana have more than doubled during the same period.</li> 
 <li>Of all the tokens observed, ANALOS appears to be the only one that can sustain its current rally.</li> 
</ul> 
<a href="https://coinedition.com/tag/solana-sol/">Solana (SOL)</a> is poised to close the year as the best-performing altcoin. Trading at a price level last observed in April 2022, the coin’s value has risen by 95% in the last month. 
The price surge in the last month led to a corresponding uptick in market capitalization. This propelled the coin to surpass Binance Coin (BNB) and Ripple’s XRP, securing its position as the fourth-largest cryptocurrency by market capitalization. 
<h2 class="wp-block-heading" id="h-an-assessment-of-some-solana-based-meme-coins">An Assessment Of Some Solana-based Meme Coins</h2> 
The increase in <a href="https://coinedition.com/solana-sol-price-prediction/">SOL’s price</a> and the overall Solana ecosystem has led to a rally in the values of some of the meme-based assets on the network.&nbsp; 
One such asset is the dog-themed BONK, whose value surged by over 300% in the last month, according to data from <a href="https://coinmarketcap.com/currencies/bonk1/" target="_blank" rel="nofollow">CoinMarketCap</a>. At press time, the token traded at $0.000018. 
<div class="wp-block-image"> 
 <figure class="aligncenter is-resized">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/PVWqusACc16ODRE22FHj8jO5OcFf40BQcjtpy_aBa6zo_U6Li0TqI19lTtzF6Lgv0kW6HKsA8q2NqLcUaD6PqSOGqqCGc4zvXEKYLBs_saGwOqBjBFsWAOHkhhLjwERB8m9NmSAGJzuWtioVgAk2mrw" alt="" style="width: 100%;height:auto">
 <figcaption class="wp-element-caption">
 SOL/USDT 24-Hour Chart (Source: <a href="https://www.tradingview.com/chart/iJE7KCkG/" target="_blank" rel="nofollow">TradingView</a>)
 </figcaption>
 </figure>
</div> 
With many expecting the hype around the meme coin to weaken, the…
The post <a href="https://coinedition.com/solanas-meme-coin-frenzy-hype-or-sustainable-trend/">Solana’s Meme Coin Frenzy: Hype or Sustainable Trend?</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Solana’s Meme Coin Frenzy: Hype or Sustainable Trend?

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