The memecoin market is experiencing an amazing surge, while the mainstream cryptocurrency market is doing reasonably well. I'm convinced that even today, if you haven't already, it's not too late to jump in and purchase your first memecoins because this narrative has nearly taken over the entire market. In light of the current market downturns, I have chosen to share five promising memecoins on the Solana blockchain today.
Although the risks associated with these assets are always significantly higher, a 30–40% increase in Solana might cause these currencies to double, quadruple, or even increase in value. I therefore guarantee an engaging and, above all, helpful piece today.
Table of Contents
Memecoin #1
To begin, I'd like to discuss established coins that have already secured their place in the market and shown remarkable strength. You have to understand that these memes won't give you massive Xs, but they'll be a reliable tool for growing your capital, as they're unlikely to die off like many new smaller coins.
Let's start with a well-known name for many of you, PopCat. I started mentioning it when it had a market cap of 500 million, meaning it has already tripled in value. But I'm confident that this is just the start of real growth.
PopCat has a large fanbase and is a great example of a memecoin that has survived multiple crises and has been around for over 10 months. It doesn't have any advanced technology, just an amusing image backed by a strong community and a fun cat-tokens narrative. I'm almost sure we'll see significant growth ahead, and PopCat might even reach the market cap level of Weef or surpass it.
So even at the current price, we're still in the early stages of investment. With memecoins being the main trend right now, I believe we'll see PopCat reach even higher price levels.
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Memecoin #2
Next, I'm going to discuss new memes that have skyrocketed to billion-dollar market caps over the past few weeks.
Keep in mind, though, such coins carry particular risks and may lead to losses, so be cautious. A few days ago, the memecoins community went wild when Binance listed two memecoins, PNUT and ACT. Today, I'll focus only on PNUT.
Since the news broke, we've seen PNUT skyrocket, making it one of the largest memecoins on Solana. The backstory of this meme is interesting. It was created in honor of a squirrel injured by cops, a story that went viral online and was shared on Twitter and other social networks.
At some point, Elon Musk jumped on this odd narrative and launched the token into space. Just a couple of days ago, Binance, a tier-one exchange, listed this coin, sending it straight to the moon. This asset is likely here to stay and will continue to see growth, especially if Elon Musk keeps engaging the community through his tweets.
There are other tokens with similar narratives. For example, the coin FRED is following the same bullish trend that PNUT currently has. Supported by Musk's comments, it could also experience further price growth.
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Memecoin #3
Now, let's move on to some truly unusual memecoins. Personally, I find it amusing to see such unique concepts, something beyond the typical dogs or cats. Meet SmokingChickenFish with a market cap of $75 million, making it the biggest in this lineup.
This is a new, absurd meme narrative, where both the name and image are ridiculous. But that's exactly how they capture their audience. By the way, SmokingChickenFish has a great Twitter presence and website, which are well used to promote the asset.
They cleverly play with culture. For example, they recreated a globally famous painting. Their token logo is based on a meme-worthy movie scene, which further boosts its popularity.
But back to the point, the trading volume and market cap have recently increased, which is a bullish indicator. Personally, I expect this coin to reach the peak capitalization of another popular meme, GigaChad. Let me know in the comments what you think of these kinds of memes.
Memecoin #4
Next up is a bright example of the dog meme narrative, Billy. Unfortunately, the token has fallen significantly from its peak. But remember that this is a meme coin, and such drops are far from the end of the story.
Unlike most altcoins, meme coins can drop 90% or more without losing community trust. A meme coin can drop 100% today and soar to the top of the list. Or 500% tomorrow, which is why people love this trend.
Talking about Billy, its peak was during market panic, which continues to this day. Despite this, there's still a lot of interest in this asset, as shown by its daily trading volume. The project team is working actively to promote it.
The cute dog image is highly viral, and this friendly pup likely appeals to everyone. Like most meme coins, Billy doesn't offer utility beyond its strong community, which includes smart wallets that are bought in early. This community aspect alone is enough for me to include Billy here, as community is key to success in this space.
I expect a 5 to 10 times increase from the current market cap, especially as traders return to the Solana blockchain. You can even create your own Billy on their website.
Memecoin #5
Now, let's move to the final token in this list. Mumu The Bull is the meme coin taking the Solana world by storm. Based on the meme of a bull, this project quickly won over the hearts of crypto enthusiasts.
Mumu is a meme that parodies the relentless pursuit of price increases without regard for other factors like technology, utility, or real market value. Their dap game Bullslap lets players click on a bull to hit a bear with a baseball bat, earning points and climbing the global leaderboard. While the game offers no real utility, it's a fun clicker nonetheless.
Mumu the bull is developing new features such as NFT utility and staking pools. Token holders can earn extra Mumu through these options, which adds value to the project. NFT utility will enable holders to earn rewards through their NFTs, and staking pools will allow them to earn passive income, which is increasingly popular in crypto.
These additions will deepen Mumu's offerings, setting it apart from typical meme coins. Shiba Inu has a similar approach to staking and NFT utility, but Mumu on the Solana platform has the advantage of faster, cheaper transactions. Currently, Mumu has a market cap of $310 million.
I believe reaching the peak market cap of another meme coin, PopCat, is a more than achievable goal, and that's all I have. Remember, this post is not financial advice. It's just my thoughts and insights on the market, so you should always do your own research and invest wisely.