The Solana ecosystem is about to usher in a highlight moment.
Just recently, the Solana 2.0 testnet has been quietly launched on GitHub. This will be a very large version iteration. You see, it uses 2.0, and the previous updates have always been around 1.1, so this time it is really exciting.
Why Solana is popular:
Before taking stock of the ecosystem, we need to first briefly analyze why the Solana ecosystem is so popular?
Internal causes:
1) It has excellent performance, low fees, low latency and high throughput, and can handle large traffic. The essence of finance is trading, and the real craze in the Crypto market is all related to trading. As a platform, Solana continues to improve its speed and fluency in technology.
2) Solana itself performed well in this round, rising from a low of $8 to a high of $210, and its short-term market value broke through to fourth place. Solana's rise has brought dividends to holders, and naturally some resources will flow into the ecosystem.
3) When the overall market heats up, the Solana ecosystem is not left out and performs well. The inscription craze and the Meme craze have both produced representative projects.
4) There is a constant flow of hot money on the chain. After the release of the copycat Solana, many of them have broken through 10 million or 100 million in market value. On the other hand, Ethereum is in a state of internal competition. Although some of them have good concepts, their market value is poor and it is even difficult to reach 10 million. If Solana's chain is compared to a simple mode, then Ethereum is a hell mode.
Solana is so popular now. I believe that at this point, the trend will not end like this. Let’s take stock of the 7 100-fold projects in the Solana ecosystem that are worthy of everyone’s attention.
- BOOK OF MEME（￥BOME)
Current price: $0.008519
Market value: $588 million
24-hour volume: $127 million
When talking about Frogcoin, we have to mention its leading position in the SOL ecosystem. With the strong rise of SOL, many projects in the ecosystem have also ushered in spring. And Bome is the best among them.
It is expected to become the next Ordi and lead the market to new heights. What is even more exciting is that the recent market manipulation of Bome seems to be coming to an end, which means that it is about to usher in a period of explosive growth.
In the upcoming bull market, Bome is expected to achieve an amazing increase of 10 times or even 100 times! In addition, future artist auctions will use Bome as a means of payment and destroy it. This innovative application undoubtedly adds more imagination to it.
- ￥SLERF
Current price: $0.2826
Market value: $141 million
24-hour volume: $144 million
Now, let's talk about Slerfsol (SLERF), a high-profile project. Despite some setbacks in its early stages, where the developers unfortunately lost $10 million, strong community support has brought it back to life. In the Memecoin space, community power is crucial, and SLERF happens to have a vibrant community. Recently, the project team has also launched a dazzling series of NFTs, further enriching the project's ecology and paving the way for SLERF's future development!
- dogwifhat（￥WIF )
Current price: $2.6165
Market value: $2.611 billion
24-hour volume: $451 million
Of course, we cannot ignore the flagship Memecoin in the SOL ecosystem - Dogwifcoin (WIF). As one of the first Memecoins to explode, WIF has shown amazing growth potential when trading volume has poured in. Its unique design and strong community support have made it the focus of investors.
As a meme token based on Solana, WIF has received criticism and FUD from other communities. This has increased the incentive to hold the asset while waiting for it to appreciate to higher price levels.
Extreme predictions for the WIF price have the WIF price rising to $10. During the market peak in Q1 2024, WIF was seen as a top meme token, potentially competing with PEPE for the lead. So far, the project has not shown any signs of justifying the criticism.
WIF is a heavily traded token with over 15% of the supply changing hands every day. With this mark, WIF performs better than low float tokens.
The current market phase could rekindle interest in WIF and dispel previous negative publicity. The recent price increase has reawakened the community and demonstrated WIF’s ability to bounce back.
- Pyth Network (￥PYTH)
Current price: $0.3361
Market value: $1.219 billion
24-hour trading volume: $62,145,100
Then, Pyth Network ($PYTH) is also a high-profile project. Pyth Network is known for its amazingly high-speed data update capabilities. It was originally designed for the Solana blockchain and has now been migrated to its own Pythnet blockchain.
Its data refresh speed is amazing, which is in sharp contrast to the data refresh speed of traditional financial institutions and crypto-centric institutions. This sub-second data update model makes it more adaptable to the immediacy needs of the modern financial field. With the launch of SOL ETF, Pyth Network is expected to become a new favorite in the market and bring rich returns to investors!
- catwifhat（￥CWIF )
Current price: $0.000001265
Market value: $37,532,300
24-hour trading volume: $4.9402 million
Cat-themed meme coins have been all the rage lately on Solana (SOL). Catwifhat is one of the popular cat-themed meme coins in the crypto market based on the Solana blockchain. Catwifhat has a unique deflationary property that burns 4% per transaction, significantly reducing its overall supply and making it one of the most aggressive deflationary features in the industry.
CatWifHat (CWIF) has surged 48.9% in the past month and 21,527% since its launch in February 2024. CWIF is still a relatively new project with a lot of growth opportunities. A notable feature of CWIF is its burning mechanism, which reduces the total supply of tokens, potentially increasing the value of the remaining tokens.
- Chainlink（￥LINK )
Current price: $13.801
Market value: $8.402 billion
24-hour volume: $263 million
The booming development of the Chainlink network has injected strong momentum into the LINK token. Recently, the active performance of Chainlink whale investors has added infinite imagination to the future of LINK. The frequent occurrence of large transactions not only reflects the market's recognition of the value of LINK, but also indicates that its price will rise further in the future. As the native token of the Chainlink network, the value of LINK is closely linked to the prosperity of the network. With the widespread application of Chainlink in the field of smart contracts and the continuous expansion of its influence, the potential value of the LINK token will be more fully released.
- Solana (￥SOL)
Current price: $173.139
Market value: $80.377 billion
24-hour trading volume: $3.244 billion
Finally, we have Solana (SOL) which is moving steadily between $159.43 and $197.36, showing bullish potential. Given the price gains over the past week and month, the bullish momentum seems strong. The next resistance level of $210.22 could be a key target. If broken, Solana could target $248.15, which suggests a strong growth opportunity. The 10-day moving average at $179.92 indicates a short-term uptrend, while the 6-month price increase of over 112% hints at a strong long-term potential. If SOL overcomes the resistance, it could rise by nearly 25%. Current indicators such as the RSI at 53.33 show room for growth, while higher MACD levels support this bullish outlook.
