By Bulls are on parade as Bitcoin (BTC) looks set to make a new all-time high, and Solana meme coin markets are leading the charge, hosting play to countless skyrocket pumps in recent weeks.
This article will provide an analysis of the Solana meme coin market’s current trends and look to see whether a newer crypto presale, Green Bitcoin, represents a more promising investment opportunity at this time.
multiple meme coins can exist on a chain bros – i bought 7 meme coins on solana this morning and nobody was mad that another 7 launched in the span of me buying them
— ΞxcelBaller (@ExcelBaller) March 4, 2024
Indeed, the shift in meme coin development and trading to Solana has been dramatic in recent weeks, with high gas fees on Ethereum pushing activity away onto cheaper blockchains.
Solana Meme Coin Market In The Spotlight: These 3 Meme Coins Pumped +10,000% In The Last 24 Hours
Recent weeks have produced a huge number of successful Solana meme coin pumps, including, WIF, SAUDIPEPE, ShibaFork, ELON, and TESLA.
But with that just scratching the surface, let’s dig into the latest major gainers on Solana meme coin markets today.
Solana Meme Coin #1 – Alien Token (ALIEN)
First up on our list is Alien token (ALIEN), which is currently trading at a market price of $0.005 (representing a 24-hour change of +1,100%).
This comes after Alien token launched at just 11AM (UTC) on March 4, in a move that gained near immediate traction, fuelling an impressive +10,880% initial climb to establish a support zone between $0.0024 and $0.0043.
Well-defended consolidation at these levels then set the stage for another push-up which saw ALIEN price climb an additional +200% to hit an all-time high around $0.008.
All in all, the move was fuelled by an influx of $184k in trading volume, and this has left ALIEN in good form as price undertakes a health retracement down to lower support at $0.0043.
With the market cap standing at just $471k, it’s not unlikely that ALIEN’s price could mount as much as a 5x return from current levels.
However, this would require traders to overcome a current 86% sell pressure over the past hour – no easy task.
Solana Meme Coin #2 – Fear of Missing Out Token (FOMO)
In a more disappointing performance, Fear of Missing Out (FOMO) token has undertaken a classic pump and dump move, that could spell disaster for 751 remaining holders.
Now, with Fear of Missing Out currently trading at a market price of $0.00023 (representing a 24-hour change of +5,090%), the scale of the dump is beginning to show.
Indeed, FOMO launched at just 5AM UTC on March 5, at an initial price of $0.000000064 and in the short space of just 4-hours, shot-up +17,225% to hit an all-time high of $0.0031.
The huge surge appears to have been fuelled by a huge influx of more than $1.5m in trading volume, yet, in an apparent too-good-to-be-true move, the 3 hours since have seen FOMO bleed out more than -86%.
This now leaves price trading above lower support at $0.00016, but with buy-pressure struggling to regain a grip on the chart – representing just 56% of transactions over the past hour.
At a market cap of just $51k – there is an allure to the late entrant – with the potential for a second stunning rally delivering a quick 20x.
However, with an overhead of up to 750 underwater holders, FOMO traders should exercise caution.
Solana Meme Coin #3 – DogeWifHat (DOGE)
Finally, in a spinoff of DogWifHat, fresh-faced DogeWifHat (DOGE) has gained impressive traction in the Solana meme coin market, with price-finding feet that could hint towards a second rally leg.
DogWifHat is currently trading at a market price of $0.00025 (representing a 24-hour change of +11,200%).
Launched at midnight UTC on March 5, initial progress for DOGE was hard fought with price struggling against a resistance layer around $0.0003025.
However, a well-defended price level around $0.0002 set the stage for a huge +365% bounce, which brought DOGE to an all-time high at $0.00125 (delivering a return for early investors of up to +45,000%).
Yet, in the hours since retracement has gripped the chart, leaving DOGE on a -82% retracement move, that is now left back fighting for support around $0.0002.
But, things might not be over just yet, with more than 1000 holders left in the project, and market cap now offering an alluring entry at $309k – suggesting as much as a 3-6x return could be on the cards.
Why Green Bitcoin ($GBTC) Could Surpass Solana Meme Coin Token’s Returns
Officially the hottest crypto presale in the entire WORLD!
$1.5 MILLION RAISED pic.twitter.com/no3TOFRsQf
— GreenBitcoin (@GreenBTCtoken) March 3, 2024
As Bitcoin (BTC) smashes a new all-time high, Green Bitcoin introduces a unique investment avenue ahead of the Bitcoin halving event in April.
With a potential 100x growth trajectory powered by a novel gamified prediction market, GBTC is not just an investment but an exciting venture into the future of crypto.
In contrast to Bitcoin’s growth, Green Bitcoin offers a distinctive edge with its smaller market cap and innovative model, promising substantial growth opportunities for those who foresee the future of digital currencies.
At its essence, Green Bitcoin transcends the traditional token model. By adopting Ethereum 2.0’s proof-of-stake protocol, it drastically cuts down on carbon emissions, setting a new standard for eco-friendly crypto transactions.
Engage, Predict, Earn: The $GBTC Experience
Green Bitcoin invites you to be part of its unique ‘predict 2 earn’ platform, where daily prediction markets on BTC/USDT movements offer a thrilling way to earn rewards.
This dynamic approach not only enhances engagement but also rewards your insights into Bitcoin’s market trends.
$GBTC’s roadmap is strategically designed for impactful and swift implementation. From escalating marketing efforts to introducing the eagerly awaited predict-2-earn feature and targeting listings on premier exchanges, Green Bitcoin is on a mission to redefine eco-conscious investing in the crypto world.
Join the Eco-Friendly Crypto Movement with $GBTC
With the presale countdown ticking, seize this opportunity to be part of Green Bitcoin’s journey at an enticing presale price of just $0.5742 per $GBTC. Only 1 days remain to make a pivotal choice for both your portfolio and the planet.
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The post Forget Dogecoin: These 3 Tokens on Solana Just Surged 10,000% and Experts Say This Hidden Gem is Next appeared first on Cryptonews.
