Top 5 Trending Solana Memecoins: There's BARSIK and PNUT
2024-11-21
Bittime - Top 5 Trending Solana Memecoins: There's BARSIK and PNUT.
Memecoins on the Solana network are increasingly attracting attention, with several tokens trending and gaining popularity.
Memes may have been around for a long time, but they entered a new paradigm with the advent of cryptocurrency and now, with the increasing adoption of AI.
Its scale and popularity is most visible in Solana, the only layer-1 capable of supporting and sustaining a memecoin supercycle.
Here are the Top 5 Memecoins According to Crypto.ro:
1. Bertram The Pomeranian (BERT)
Launched in October, BERT was inspired by a Pomeranian dog that became famous on social media.
With the appeal of its dog-themed token, BERT quickly became a major player on the Solana blockchain.
- Current Prices November 21, 2024: $0.08
- Market Capitalization: $78.53 million
- Trading Volume: $45.31 million (24 hours)
- Peak Market Capitalization: $180 million
BERT combines meme culture and community support, making it a standout competitor in this space.
2. First Convicted Raccoon ($FRED)
This token was inspired by Fred, a raccoon who became famous due to a controversial incident with the authorities. $FRED was born as a tribute to Fred's heartwarming story.
- Current Prices November 21, 2024: $0.12
- Market Capitalization: $119,420
- Trading Volume: $46 million
- Peak Market Capitalization: $320 million
Despite the market correction, $FRED remains a symbol of advocacy in the memecoin world.
Read too 5 Bitcoin-Based Meme Coins That Have the Potential to Bull Run in December!
3. Peanut the Squirrel (PNUT)
PNUT was born out of a viral event honoring Peanut, a squirrel who stole the attention of social media before undergoing a controversial capture and euthanasia.
PNUT to IDR via Market Bittime
- Current Prices November 21, 2024: $0.04
- Market Capitalization: $48.6 million
- Trading Volume: $27 million
- Peak Market Capitalization: $2.4 billion
Supported by listings on major exchanges such as Binance and OKEx, PNUT's growth reflects broad community support and good liquidity.
4. Hasbulla's Cat (BARSIK)
Inspired by Hasbulla Magomedov's cat, BARSIK has been gaining momentum since its launch on November 14.
- Current Prices November 21, 2024: $0.15
- Market Capitalization: $246 million
- Trading Volume: $39 million (24 hours)
- Peak Market Capitalization: $370 million
The combination of celebrity associations and popularity of pet-themed coins makes BARSIK an attractive choice.
5. Wabbit (WABBIT)
Launched on November 17, Wabbit combines memes, digital art and a strong focus on branding. Its initial performance reflects strong community interest.
- Current Prices November 21, 2024: $0.02
- Market Capitalization: $2.3 million
- Trading Volume: $2.1 million
- Peak Market Capitalization: $6.2 million
Read too 6 Best Memecoins on the BRC20 Bitcoin Network that Have the Potential to Make Money
With a foundation of creativity and sustainability, Wabbit aims to create a niche beyond speculative hype, emphasizing long-term community building.
Solana: The Top Choice for Memecoin
Solana has become the top choice for memecoins, processing over 65,000 transactions per second.
With low transaction fees (usually less than $1), Solana removes barriers for memecoin traders, even for those with balances under $100.
This creates a more inclusive space for everyone.
High SOL Trading Speed
Speed is also an important factor. Memecoin traders love one-second charts, and Solana is able to fulfill this need. With its Proof-of-History (PoH) consensus feature, Solana can process transactions in parallel, enabling fast and efficient memecoin trading.
Firedancer Update Solana
With the upcoming Firedancer upgrade, which is expected to increase Solana's scalability by up to 10x, the future of the platform looks bright.
Solana: Could the Price Reach $330?
According to VanEck, SOL could reach its $330 target and capture at least 50% of Ethereum's market cap, thanks to memecoin adoption driving layer-1 profitability on Solana.
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Reference:
- Top Memecoin Solana, https://crypto.ro/en/news/top-memecoins-to-watch-this-week-on-solana/, accessed November 21, 2024
- Dexscreener Coin Price Reference, https://dexscreener.com/, accessed November 21, 2024
Author: IN
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