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.

After the recent crypto crash, the crypto market seems to have finally started its upward trajectory again in the run-up to the impending Bitcoin halving. The entire crypto market has already risen by more than 2.87% today. The memecoin market is also in the green again.

Last week saw a significant crypto crash that sent big names like Bitcoin and Ethereum plummeting by more than 10%. Bitcoin fell from close to its record high of $74,000 to below $64,000, while Ethereum also inched closer to $3,000. However, it was the memecoins that were hit even harder and well-known memecoins such as BONK and WIF fell by more than 30%.

The recovery finally appeared to be underway yesterday, but a brief period of gains was quickly followed by a significant pullback after news emerged of an Israeli attack on Iran. Bitcoin even briefly fell below $60,000 for the first time in two months.

However, this setback did not last long and the crypto market is again convincingly in the green today. What is striking is that Solana managed to rise faster than the rest of the crypto market. Solana has already risen more than 10% in the past 24 hours while Bitcoin only managed to rise 5%.

Solana price forecast in the run-up to Bitcoin halving

With its recent rise of 10%, the Solana price is now convincingly above $140 again. With a market cap of over $65 billion, this well-known cryptocurrency is in fifth place on the crypto market based on market cap.

Solana Price Chart – Source: CoinMarketCap

Several well-known crypto analysts have a bullish stance on Solana’s future. For example, Austin Arnold recently predicted that Solana could reach $360 in the short term. According to Arnold, Solana can get 3% of the total crypto market cap. Currently, the market cap of the total crypto market is $2.35 trillion.

The SOL price is getting closer to its critical resistance levels at $151.76. Once the price manages to rise past this level, it can set its eyes on the next resistance near $170. From there, it could continue to rise towards its recent peak above $200.

However, at this point, much of Solana’s upside momentum appears to be dependent on external factors. The performance of Solana memecoins in particular determines how the SOL price performs.

Solana price is influenced by Solana memecoins

The Solana blockchain also performed extremely well earlier this year with the help of emerging and viral Solana memecoins. Memecoins developed for Solana such as Dogwifhat (WIF), Pepe (PEPE) and Bonk (BONK) achieved enormous increases.

WIF managed to rise from a value of $0.07 to above $4.80. This earned its investors thousands of percent profits. This means it performed almost as well as the PEPE price.

Equivalent Price Patterns WIF and SOL – Source: CoinMarketCap

The Solana price seems to be heavily influenced by these major memecoins and it is therefore no surprise that Solana was one of the big losers from the top 10 during the recent crypto crash. Solana had to hand in almost 30%. Something that was partly caused by the large losses of Solana meme coins. Solana memecoins such as WIF, FLOKI, BONK, PEPE and BOME all had to accept losses of more than 30%.

Now that these memecoins have started their upward trajectory again, the Solana price has also risen significantly again. Dogwifhat even managed to rise more than 15% over the past 24 hours, while the PEPE price also rose more than 5%.

Nevertheless, there is still a long way to go before these memecoins reach their previous levels before the crypto crash. For example, WIF is still down more than 14% compared to a month ago, while the PEPE price is already down more than 28% over the same period.

New Solana memecoins as the next big risers

Solana’s recent strong performance is also good news for emerging Solana memecoins that are still in their nascent stages. These tokens can take advantage of their successful predecessors and realize hundreds of percent gains within a short time.

These emerging Solana memecoins include Dogeverse, Slothana and SMOG. At the same time, Dogecoin20 is also a good alternative as a memecoin on the Ethereum blockchain. Below we will discuss these promising crypto coins in more detail.

Dogeverse (DOGEVERSE) – New multi-chain Dogecoin alternative

Dogeverse is not only developing its native token for the Solana blockchain. Instead, it is developing the DOGEVERSE token for multiple blockchains to offer a multi-chain alternative to Dogecoin. The token is being developed for this purpose on the Ethereum, Base, Solana, BNB and Avalanche blockchain.

Because the token has been developed on multiple blockchains, users are also able to easily transfer their funds from one blockchain to another. In addition, Dogeverse will be able to benefit from improved liquidity that will make the platform’s transactions faster and cheaper.

Dogeverse users are also able to stake their purchased DOGEVERSE tokens. For this they are eligible for attractive rewards. In total, 15% of the total token supply of 200 billion tokens is reserved for these rewards. Although the presale is still in full swing, users can already start staking their purchased tokens. The APY is currently around 143%.

The presale of the DOGEVERSE token has already proven to be a great success and managed to raise more than $7.4 million in a short time. The project uses an increasing price strategy which means that the price of the DOGEVERSE token will increase in price at each stage of the presale. Today is the best time for investors to take advantage of the current low price of the Dogeverse tokens. Tokens can be purchased via ETH, BNB, USDT, MATIC, AVAX, BASE and credit card

Visit Dogeverse Presale

Slothana (SLOTH) – New viral Solana memecoin poised to rally after Bitcoin halving

Slothana is a new Solana memecoin that seems to take full advantage of its successful predecessors. Slothana’s presale reached its hard cap goal of $10 million in no time, meaning users only have a limited time to join this project.

Slothana did not want to use a standard presale and therefore introduced a send-to-wallet airdrop system. Users can transfer their SOL tokens to the Slothana wallet address in order to qualify for SLOTH tokens. In addition, users can also connect their wallets on the Slothana website to qualify for SLOTH tokens. Currently the Phantom Wallet, Solflare Wallet, Coinbase Wallet and Trust Wallet are accepted.

This presale concept quickly proved to be a great success. Because it was so easy for users to purchase tokens, the project quickly achieved its presale goal. Investors therefore have limited time to get in before the presale is completed on April 29. After this period, the token will be launched on exchanges and potentially explode in value.

1 SOL token currently gives you 10,000 SLOTH. This equates to approximately $0.0145 per SLOTH token. To participate you can send SOL to Slothana’s wallet address: EnSawje2vQSQKtGbPYdXEuYKm2sHgeLKJTqCmrDErKEA.

Visit Slothana Presale

Smog (SMOG) – Successful Solana memecoin launches airdrop

Smog is a new memecoin that did not use a presale, but instead launched immediately on a DEX. This immediately proved to be a great success, as the token rose by more than 100% within 24 hours.

The team behind Smog is doing everything they can to make the token viral and to improve brand awareness of the project. It has reserved 50% of the token supply for this purpose. These tokens will be used for current and future marketing campaigns.

In addition to 50% being reserved for marketing, the team has also reserved 35% of the tokens for airdrop rewards. These airdrops will form an important part of the project’s token allocation. To qualify for these airdrops you will have to purchase Smog tokens. You can also save points for airdrops via Zealy.

The Smog token was initially listed on the Jupiter exchange, but was recently also launched on the MEXC exchange. Users who go to the website can qualify for a 10% discount on Smog tokens for a limited time.

Visit Smog Website

Dogecoin20 (DOGE20) – Dogecoin alternative with potential after Bitcoin halving

Dogecoin20 was a recent presale project that quickly gained a lot of attention. This project represents a sustainable alternative to Dogecoin and recently completed its presale. Dogecoin20 developed its token on the Ethereum blockchain and was thus able to use Ethereum’s Proof-of-Stake concept.

In this way it managed to form a more sustainable alternative to Dogecoin. Dogecoin still uses the Proof-of-Work concept, which is known for its energy consumption.

Dogecoin20 puts its community first and ensures that they can use the staking options of the Ethereum blockchain. DOGE20 tokens can therefore be staked in exchange for an attractive income. Currently, users can take advantage of an APY of 38%. In total, more than 72 billion DOGE20 tokens have already been staked.

Dogecoin 20 quickly proved to be a success, quickly raising more than $10 million during its presale. The presale was sold out and the token recently went live. Since its listing, the token has achieved a market cap of $22.8 million. This also means that there is still plenty of room for further increases.

Visit Dogecoin20

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.

Source: https://cryptobenelux.com/2024/04/20/wif-sol-en-pepe-koers-pumpen-voor-bitcoin-halving-is-nieuwe-solana-memecoin-de-volgende-stijger-na-grootschalige-crypto-airdrop/

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