SOL pumps 10% after Solana meme coins revival

The crypto market seems to finally be recovering from the recent crypto crash and whales are taking advantage of these latest opportunities to buy the major cryptos at discounted prices. However, Solana managed to rise faster than the rest of the top 10 cryptos. Why is Solana rising so fast?

Solana has been able to rise more than 10% today, making it twice as good as Bitcoin. Solana was one of the stars of the beginning of 2024, partly due to the good performance of many Solana meme coins such as WIF and PEPE. However, this major blockchain was also one of the biggest losers of the recent crypto crash.

Solana lost more than 30% of its booked ground and even fell below $130 yesterday. Today, however, the price is back around $144, but still far away from last month’s peak above $200.

Solana meme coins lay the foundation for Solana success

A major reason for Solana’s strong performance this year is the performance of viral meme coins such as Pepe and Dogwifhat. The performance of these meme coins seems to have a significant influence on the SOL price, something that seems to be reconfirmed at the moment. The recent recovery of Solana seems to go hand in hand with the good performance of WIF, PEPE and other Solana meme coins.

The WIF price rose by more than 16% over the past 24 hours and is working hard to make up for its losses. The PEPE price has also risen more than 7% over the past 24 hours. However, Solana meme coins were also hit the hardest during the recent crypto crash and meme coins such as WIF, PEPE, FLIKI and BONK all fell by more than 30%.

With the recent increases, the WIF price is now 16% lower than a month ago, while the PEPE price is still 26% less valuable.

Solana price forecast

The Solana price has behaved unpredictably in recent weeks, experiencing both large rises and falls. Despite the recent losses, prominent analysts are still bullish on the world’s 5th largest crypto. Analyst Austin Arnold recently reaffirmed his bullish stance on Solana’s future. He believes that Solana can rise towards $360 and gain 3% of the total crypto market cap.

Currently, the Solana price is experiencing a bottom pattern that appears to indicate a shift into bullish territory and rising interest among investors.

Solana is now near its critical $151.76 level. This level could be an important turning point in Solana’s future. A rise beyond this level opens the doors for further gains towards $170.

During all the hectic times in the crypto market, the team has been working hard on further improvements to the Solana network. The Anza update previously proved to be crucial in solving the network congestion. With more updates to come, the future looks positive for Solana.

With the positive outlook for Solana, it is Solana meme coins in particular that can optimally benefit from the success of the Solana blockchain. Meme coins such as Dogwifhat and Pepe have recently started to rise again, but there are several meme coins that have great potential to rise significantly. This includes promising presale tokens such as Slothana, Dogeverse and Mega Dice.

Slothana (SLOTH) – new Solana meme coin presale

Slothana is a recently launched presale token that, like WIF and PEWE, was developed for the Solana blockchain. This allows Slothana to take full advantage of the success of its predecessors.

Slothana distinguishes itself by using a send-to-wallet airdrop system instead of a standard presale. This has made it even easier for users to participate in this presale, something that quickly led to the necessary success.

Investors who want to purchase SLOTH tokens can simply transfer their SOL tokens to Slothana’s wallet address to participate in this presale. In addition, they are also able to connect their wallet on the platform’s official website. This ease allowed the presale to raise $10 million in a short period of time, immediately achieving its hard cap goal.

Now that Slothana has reached its hard cap target, there are only 10 days left for investors to participate in this promising presale before it closes. At that time, SLOTH tokens will appear on exchanges and there is a good chance that the token will rise rapidly in value.

Dogeverse (DOGEVERSE) – multi-chain alternative to Dogecoin

Dogeverse is a brand new alternative to Dogecoin that is being developed not only for the Solana blockchain, but also for many other blockchains. By developing the native DOGEVERSE token for multiple blockchains, it aims to provide a multi-chain alternative to the world’s largest meme coin.

For this reason, Dogeverse will be developed for the Ethereum, Base, BNB, Polygon, Solana and Avalanche blockchains, among others. This will allow users to enjoy the best benefits of these blockchains. In addition, Dogeverse will also be able to offer cheaper and faster transactions due to its improved liquidity.

Exciting times ahead for #DOGEVERSE with #Wormhole Tech! 🌐

Leveraging this innovation brings: 🐶💫

🚀 Expanded Reach

💸 Enhanced Liquidity

🔄 Improved Interoperability pic.twitter.com/lPUpmqAceb

— DogeVerse (@The_DogeVerse) April 18, 2024

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Users will also be able to stake Dogeverse tokens in exchange for significant rewards. In total, 15% of the total token supply of 200 billion tokens is reserved for these rewards. There is currently an APY of up to 143%. Even though the presale is still in full swing, users can already start staking their purchased tokens.

The presale has already raised more than $7.3 million and this once again confirms how popular this token is within the crypto community. Tokens currently cost $0.000297 but will continue to increase in price in a short time.

Mega Dice (DICE) – popular online casino that launches its own crypto token

However, it is not only Solana meme coins that have a lot of potential for significant increases. With Mega Dice there is now also a casino token developed for the Solana blockchain with great potential for major increases.

Mega Dice is a well-known online casino that offers a wide range of casino games and sportsbook bets. This casino has now chosen to launch its own crypto token. In this way it wants to combine the best parts of the CasinoFi and Solana blockchain.

Users can start using the token at casino games to qualify for benefits such as cashback bonuses. In addition, users who hold the token will also be eligible for exclusive access to online webinars, trading signals and VIP communities, among others.

The Mega Dice token is currently in a presale that has already raised over $360,000. Tokens currently cost $0.069 each and can be purchased not only with SOL tokens but also via ETH and BNB.

Disclaimer: This article contains insights from independent authors and is not part of the editorial content of BitcoinMagazine.nl. This is not investment advice, please do your own research.