Solana’s 3 Memecoins Shine on Cryptocurrency Market Surging: Dogwifhat (WIF), Bonk (BONK), and Book Of Meme (BOME)

Solana’s meme coin has been experiencing significant growth amid the recent upturn in the cryptocurrency market. With Bitcoin (BTC) and altcoins showing a bullish trend starting in the fourth quarter of 2023, meme coins are becoming increasingly popular among investors.

Analysis of Solana’s 3 memecoins:

Dog We Pot (WIF)

Dog We Pot (WIF) It is one of the most prominent meme coins both within and outside of the Solana ecosystem. Currently priced at $2.53, WIF has surged 32% over the past week, cementing its spot at the top of Solana’s memecoin charts.

Its incredible growth, including a surge of 887% in one month, outperformed existing tokens such as Dogecoin (DOGE) and Shiba Inu (SHIB). Despite falling 4.9% in the last 24 hours due to the recent market correction, WIF boasts a market capitalization of $2.5 billion and 24-hour trading volume of $621 million.

Spotlight on Bonk (BONK)

Solana ranks 2nd in market capitalization of the memecoin market, BONK It shows significant bullish potential. Surging a whopping 2,907% over the past year and up 69% over the past 30 days, BONK’s total market capitalization remains at $1.46 billion. However, recent market movements have resulted in a 5.5% decline in the last 24 hours, putting the asset 51% below the all-time high it achieved on March 4.

Emerging Competitor: Book of Meme (BOME)

Book of Memes (BOME) Especially in recent trading sessions, Solana has emerged as a notable player in the memecoin space. Despite facing liquidation in the last few hours, BOME remained in green territory with a 1.8% increase.

With a market capitalization of $646 million, BOME’s journey has been marked by high volatility, hitting a high of $0.02689 on March 16 and an impressive 19,000% surge from its all-time low on March 14. Despite these fluctuations, the community remains active and gaining momentum across various social media platforms.