Since Bitcoin’s explosion and its surge towards $100,000, several other altcoins have also reached a new all-time high (ATH) and there is a general sense of euphoria in the crypto community with the onset of bull run.
According to CoinGecko, the price of Bitcoin currently stands at $98, 500, all set to break the $100K barrier, thereby indicating a greedy market. The Solana market has also been seeing a bullish-up trend and in the last 24 hours, the Solana Market cap has risen to $22.2 billion. So, if you missed out on the Bitcoin train, the Solana market is showing a lot of promises, offering traders, investors, and scalpers a chance to benefit from the crypto market.
Top 5 Solana Memecoins Gainers in 2024 Bull Run
Here are some of the top 5 Solana weekly gainers that have been performing well and worth looking into.
BONK
Bonk Price has continued to experience an upward trend for a while, reaching an all-time high of $0.0005306, making it one of the top-performing meme coins. Initially, Bonk was trading at $0.000543, up by over 29,166% with a market capitalization of $4.8 billion.
An analyst predicts that this meme token might see an even higher market price as traders’ Fear of Mission Out (FOMO) spreads across the industry. According to a post on X by The Bonk Guy, who has over 80,000 followers, Bonk’s trading volume surpasses that of Pepe, Shiba Inu, and Dogewithhat combined. The token is also showing a strong trading volume.
Dogwifhat (WIF)
WIF token has also undergone a phase of consolidation in recent days, following Trump’s election and a fresh Coinbase listing. The token witnessed a massive 120% rally within the week.
WIF is trading at $3.30; the token has been riding a strong bullish wave this month. Given the current optimistic market sentiment, WIF looks ready to produce a threefold increase from here by the end of December, aiming for a price of about $12.81—a strong 200% increase from its present ATH.
WIF might have a parabolic run if the “meme supercycle” really starts in 2025. Crypto analysts anticipate that in such a euphoric environment, retail FOMO and viral buzz might propel WIF up 15 times from its present all-time high.
Popcat (POPCAT)
This year, Popcat has been doing exceptionally well even before the just-concluded U.S. election. In October 2024, Popcat had an impressive market cap of $1.71 billion. As of the time of writing, Popcat is trading at $1.59, and in the last 14 days, the token has experienced 6.9% in trading volume.
Popcat price Prediction | Source: Coincodex
According to Coincodex, the coin is expected to increase by 225.17% in the near future, perhaps reaching a new all-time high of $5.63 by November 28, 2024.
Peanut the Squirrel (PNUT)
Two days ago, PNUT “Peanut the Squirrel” grew to 1.6 billion by market cap, and it has been showing impressive gains for quite some time now. Taking a look at Bitcoin’s past trend, when the coin retracted to around $87,000, affecting all cryptocurrencies in the market, as well as Solana’s breaking the $200 mark, PNUT, on the other hand, disregarded the unfavourable market patterns.
Currently, the token trades at $1.45, and in the last 14 days, the mem token has witnessed a trade volume of over 1061.9%.
Elon Musk’s significant impact on the cryptocurrency market is well known. Particularly in the realm of meme currencies, his public remarks and tweets have been known to create dramatic price swings.
Many interpreted Musk’s interaction with the PNUT-related post as a sign that the meme coin was ready for significant growth.
Goatseus Maximus (GOAT)
Last but not least is the Goatseus Maximum. In early October this year, the GOAT was the talk of the crypto community, as the token grew over 12,000% in the first 24 hours of launch. Currently, the token is trading at $1.09, and its trading volume has increased by 22.2% in the last seven days.
There have also been predictions about this meme coin. According to CNN, GOAT might be trading at $2.11 in 2025 and go as high as $6.04 in 2030. It is worthy to note that at $0.4181, Goatseus Maximus has set a strong support level that served as a floor during the November 3 market decline. This backing has strengthened the token’s stability, which has also contributed to the present rally.
Final Thought
These five top Solana tokens are not the only ones performing well; however, examining these five could potentially gain traders who missed out on the bitcoin train. While the crypto industry might still experience another bullish trend after December 12, hoping on the 5 might earn you some more dollars to keep.
Also Read: From Internet Jokes to a Billion-Dollar Sector, Exploring the Continued Rise of Memecoins
