SOL meme crypto rally continues: New coin “MEW” goes x10 in 3 days – Is this the best crypto investment?

Disclaimer: This is a paid article, from a third party. Cryptocurrencies are a highly volatile and unregulated investment. Readers should do their own research before taking any action regarding the promoted company or any of its mentioned businesses or services. CryptoBenelux is not responsible, directly or indirectly, for any damage or loss caused by or in connection with reliance on goods, services or content mentioned in the press release.

The hype for Solana meme crypto coins still seems unstoppable now that DogWifHat has once again managed to break milestones. At the same time, a new meme token launched on the Solana blockchain has also exploded in value.

This new meme token is called Cats in a Dogs World (MEW). MEW managed to rise more than 120% last Friday, reaching a market cap of over $500 million in just 48 hours. The total increase of this token is now close to 220%.

An important reason for the popularity of this token was the support it received from Arthur Hayes, the founder of BitMex. Nevertheless, MEW has had to consolidate considerably over the past 24 hours, the price has fallen by more than 20% to a level near $0.005. However, despite this drop, the stock is still up more than 215% since its launch a few days ago.

Will Solana go beyond Ethereum?

MEW is certainly not the first time that a Solana meme crypto token has risen enormously in just a few days. It currently even seems that the Solana blockchain is responsible for more successful new crypto launches than the Ethereum blockchain, despite the fact that the Ethereum blockchain has long done very well in the meme coin sector.

Solana itself now seems to be slowly creeping towards the $200 mark. Although Ethereum is still far away, the world’s second largest token has a value of $3,538, Solana is closer than it seems. Solana has more circulating tokens and with its current value of $195 it has a market cap close to $90 billion. At the same time, Ethereum has a market cap of $425 billion which means that Solana has to go less than x5 to overtake Ethereum.

Although this may be unfeasible, the current momentum of the Solana price indicates how successful this blockchain is at the moment. Since this blockchain has been responsible for so many successful crypto launches recently, it may be a good idea for investors to keep an eye on this blockchain for upcoming launches. For this reason, below we discuss three of the best crypto investments that could be able to experience similar increases as DogWifHat and MEW.

Slothana (SLOTH)

Slothana is a recently launched meme coin on the Solana blockchain that has quickly gained a lot of attention among investors. This project differentiates itself from predecessors by not using a standard presale or a direct to DEX launch.

Slothana uses a send-to-wallet airdrop system that makes it even easier for users to purchase Slothana tokens. All users need is a crypto wallet containing Solana tokens. They can then transfer these Solana tokens to Slothana’s wallet address to qualify for SLOTH tokens.

In addition, users can also connect their wallets to Slothana’s official website, making it even easier for users to purchase SLOTH tokens. 1 SOL token currently earns you 10,000 SLOTH tokens. The Slothana presale has already raised over $5 million.

Visit Slothana Website Here

SMOG token (SMOG)

The Smog Token is an emerging cryptocurrency that aims to conquer the Solana blockchain through a major airdrop on the blockchain. SMOG was launched via Jupiter, a decentralized exchange on Solana. The token aims to emulate the success of other cryptos such as BONK and DogWifHat. The launch has already shown huge increases, which offers a lot of hope for the future.

A significant portion of the total token supply will be used for marketing, while another portion, approximately 35%, will be allocated for issuing airdrop rewards. This focus on marketing shows the developers’ ambition to increase brand awareness of the token among the crypto community.

For investors, the Smog Token offers various options to generate passive income. Consider staking tokens or participating in airdrops. Traders can buy the tokens via a Solana wallet and sign up via Zealy. Then they must complete assignments to earn airdrop points. The more tokens and airdrop points, the greater the chance of receiving tokens in their wallet. Be quick, because now is the last chance to buy tokens at a discount.

Visit Smog Token Here

Sponge (SPONGE)

Sponge is a well-known name among traders after the token quickly reached a market cap of $100 billion in 2023. During that period, the token managed to gather a large community of more than 30,000 users, but still had to settle for major losses.

A major reason for this was the lack of utility that the SPONGE token had. For that reason, the team behind Sponge has now introduced the SPONGEV2 token. This token will replace the original Sponge token and thus brings the necessary utility within the Sponge platform. This token will be used for a number of new Play 2 Earn games.

With the introduction of the SPONGEV2 token, users who missed Sponge’s initial surge now have a second chance to realize significant profits. Tokens are currently for sale on the official Sponge website at great discounts. Users can also stake Sponge tokens for significant rewards of up to 169%.

Visit Sponge Here

Disclaimer: This is a paid article, from a third party. Cryptocurrencies are a highly volatile and unregulated investment. Readers should do their own research before taking any action regarding the promoted company or any of its mentioned businesses or services. CryptoBenelux is not responsible, directly or indirectly, for any damage or loss caused by or in connection with reliance on goods, services or content mentioned in the press release.