Solana surprised everyone by becoming an important market currency. Solana is currently a big name on the list of traders as it is one of the most profitable blockchains of 2024. People trust Solana with their investments. The total value locked on the Solana blockchain exceeds $1.3 billion, demonstrating a notable increase in DeFi activity.
This surge in TVL demonstrates growing interest and participation within the Solana system. Solana’s overall trajectory has been overwhelmingly positive, with an incredible 700% gain since the beginning of the year and a 5x increase over the past two months.
This module from Coinpedia highlights the best Solana-based altcoins that could generate 100x returns this year.
What are Solana based altcoins?
2023 has been a remarkable year for Solana’s SOL token! Around Christmas it soared to an annual high of around $125. The Solana blockchain has received a lot of attention from investors, and so have altcoins based on Solana. The Solana ecosystem will continue to thrive in 2024, providing promising investment opportunities. We’ve put together a list of top 10 altcoins based on Solana to invest in for 100x returns in 2024!
Top 10 Altcoins on the List
- Jupiter:
JUP, a governance token, is tied to the Jupiter platform and allows community members to participate in system governance. Jupiter was the first company to first focus on token swaps and then recently brought in GMX-style perpetual futures. We also plan to launch a stablecoin in the near future. Jupiter is included in our list of best tokens to watch in 2024 due to its community governance and commitment to security and privacy. The price has surged 126% in the past year, clearly outperforming Bitcoin and Ethereum. It surpasses 79% of the top 100 cryptocurrency assets in 2023, making it off this list.
- Radium:
Raydium is an automated market maker and liquidity provider designed specifically for the Serum DEX on the Solana blockchain! The approach is unique in that, rather than following a basic AMM model, it converts deposited funds into limit orders that become part of Serum’s central limit order book. RAY, the native utility token, plays a very important role in the ecosystem. Through staking, you can earn protocol fees and participate in staking for IDO allocation. The price of RAY has seen a steep rise of 1,130% in 2023. It outperformed 97% of the top 100 crypto assets and even surpassed Bitcoin and Ethereum! This Solana-based token will definitely attract attention in 2024.
- Bonk:
BONK is a Solana-based meme coin with unparalleled deflationary tokenomics, where regular burns reduce the supply of BONK over time. Scarcity mechanisms can increase demand, price, and value. We have a community-driven development model and involve the community in the decision-making process. BONK successfully leveraged the viral nature of the meme space to create a compelling brand image. Its popularity puts it in the top 10 Solana-based tokens that could deliver 100x returns in 2024!
- killer whale:
It is an automated market maker DEX with its own liquidity pool. Traders use Orca to exchange tokens. It is one of the best Solana projects for 2024 because it allows for faster transactions that take less than a second. Key features include token swaps, liquidity pools, and yield farming!
ORCA’s total market capitalization is $203,460,826. The market is feeling optimistic about the token’s performance in 2024. We hope that the token’s rise will lead to 100x profits in the coming bull market.
- actually:
A decentralized marketplace for NFTs. Realy focuses on street culture and new luxury! We aim to connect with the crypto NFT community and load real-world assets into the blockchain realm. The native token, REAL, surged 119% last year. This indicates the token’s resilience in the volatile space of cryptocurrency. Outperforming 63% of the top 100 cryptocurrency assets, the currency consistently trades above its 200-day simple moving average, showing a positive trend. It boasts high liquidity, making it an attractive choice for investors seeking stability and potential returns.
- Metaplex:
Metaplex is a decentralized system on the Solana blockchain that facilitates the creation, trading, and easy use of digital assets. Advanced developer tools and SDKs make Metaplex easy to use for developers, especially new developers. Last year, the price of the MPLX token soared 830%, outperforming 95% of the top 100 crypto assets. For reference, it surpassed both Bitcoin and Ethereum. Additionally, the cryptocurrency consistently trades above its 200-day simple moving average, indicating a continued positive trend. These statistics highlight the significant success and positive trajectory of this currency over the past year, making it one of our top ten Solana coins of choice!
- Solanium:
It is a decentralized platform that runs on the Solana blockchain. Provides financing and trading capabilities. There is a DEX UI, staking, wallet management, governance, and a launchpad for new projects.
You can earn xSLIM, the platform’s governance token, by staking SLIM tokens. Last year, SLIM’s price rose an incredible 1,765%, outperforming 98% of the top crypto assets. It outperformed both Bitcoin and Ethereum during that period. Isn’t it amazing?
The current sentiment regarding Solanium’s price prediction is Bullish! The current price is $0.205786 and the Fear and Greed Index is Greed at 72. We totally recommend this Solana-based altcoin for your 2024 investment basket.
- serum:
Serum is a DEX and is focused on transforming decentralized finance with high speed and low price. Serum features an on-chain central limit order book and matching engine, allowing partners to share liquidity for both institutional and retail users. SRM tokens provide users with fee discounts and voting rights. It is famous for its high liquidity, as evidenced by its market capitalization. It has a strong market presence and positive sentiment surrounding it. These features make it one of the top 10 altcoins based on Solana in 2024.
- Guacamole:
The Solana blockchain supports the operation of the Guacamole token. The project integrates digital identities with the latest encryption technologies to authenticate transactions and ensure security. It provides a decentralized, reliable and secure place for online transactions. GUAC tokens can be traded on both decentralized and centralized exchanges. The most actively traded pair is GUAC/USDT. We see tremendous potential for GUAC, with Solana-based tokens capable of generating commendable returns in 2024.
- Core starter:
On Solana, CoreStarted is a cross-chain funding system with high-yield staking and a dedicated NFT marketplace. We want to encourage small investors rather than large investors. Provides higher APY through reverse algorithm paradigm.
CoreStarter is different in that it can be integrated with blockchains such as Binance, Ethereum, Matic, and Cardano. Its features allow entrepreneurs to easily raise funds using a decentralized financial system. Only the best companies and entrepreneurs are highlighted on the CoreStarter platform, and credits are passed through a rigorous project selection process. To maintain standards, the project prioritizes reliability and high-quality programming. Liquidity is very good relative to market capitalization. 2023 was the best year for CoreStarter. The price rose 11.51% from $0.002901 to $0.003235 and we are looking forward to a great 2024 for the coin!