This first week of July has brought many surprises to the Solana ecosystem. With the value of the dominant coin positioned at around $122 when last week it was at $155, it generates great debate about the future of Solana, which remains No. 1 in terms of speed, security, and community integration.
Therefore, we will analyze the Solana market and each of its coins located in the Top of price changes, volume, trades, etc. Initially we need to know how the market cap was during this week and thus be able to start the TOP of solana coins during this week.
Market cap or market capitalization is a metric used to measure the size of an asset, company, or cryptocurrency relative to the market as a whole. It is calculated by multiplying the number of shares outstanding by the price of each share.
Please note that the market cap is calculated by multiplying that price by the number of mined units. This means that a project could have an inflated market cap if it has many mined but unused tokens, still held by the token's smart contract.
This first week of July, the trident continues to hold, of course! $SOL, $USDC and $USDT have the largest market capitalization, led by USDT with $112 billion, and Solana with $62 billion. Entering the ranking we have ChainLink tokens with $7 billion and Render $RNDR with more than $2 billion.
If you're curious why ChainLink entered the Top Capitalization this week, it's because is an Oracle protocol that can be used for trading binary options and is capable of price updates every 400ms with Solana's architecture, with developers using ChainLink to build DeFi assets and marketplaces. Chainlink is a decentralized oracle network that currently provides decentralization at both the oracle and data source level. By using multiple independent Chainlink nodes, the user can defend against one oracle being a single point of failure. Managing maximum values during this week of $14 and minimums of $11.
Top gainers by Price Change
To measure the Top Gainers indicators will use Birdeye which is an excellent place where I always visualize the Solana tokens, for today July 5 the ranking of the best according to price changes we have the following list.
In this section it is always common to find new recently listed coins that have an exchange rate of over 60%, that is why you will see these types of coins there. It is interesting to get these types of tokens that at their minimum output we can make a minimum of x2.
Top Gainers by Volumen
The trident continues to lead the best coins, of course $SOL, $USDT and $USDC with volumes exceeding $1.50B, behind them we have $WIF with $163M in volume and in 5th place the Jupiter coin. The solana market remains with enormous capital where investors are always alert to new opportunities.
Following these indicators, the average daily volume of the entire blockchain exceeds $3 billion dollars, making it the second largest blockchain worldwide behind Ethereum. The numbers speak for themselves and indicate that Solana is the best place for cryptographic development, and for the beginning of this month everything looks excellent.
Top Coins by Views
Did you know that there is a ranking of the most viewed coins by users, which can tell you which coin is about to explode and continue to grow? With this indicator we will have some advantage.
This Friday it is headed by the meme coin BILLY, which recently surpassed the capitalization of $100 million, and in seventh place is the largest on the planet $SOL Solana. Having seen this week's outlook, we can now prepare our portfolio and begin building opportunities.
Farewell
The increase in operations on Solana is coming, and for an example, the statistics offered by Defillama that visualize Solana transactions, during June the month closed with more than 42 million TX, and July started on the right foot, maintaining that pattern until reaching 44 million TX, this translates to more users exchanging tokens within the ecosystem and there is more crypto adoption and we will soon reach a billion users on Solana!
$SOL #Solana #Web3Revolution #analisis #SolanaMemeCoins
Resources:
birdeye.so
Coingecko
Defillama