Meme Coins on Solana

Meme coins based on the Solana blockchain have attracted attention as this year the crypto market was taken over by tokens such as Pudgy Penguins, Fartcoin, and Gigachad. However, all of them were surpassed by POPCAT. It managed to show a growth of 6,000% since the beginning of the year.

POPCAT rose to $2.10 by mid-November, setting a new ATH. However, since then, the meme coin has not shown good results, falling by 64% at the time of writing.

Returning to the top and continuing the rally in the short term will be difficult. Nevertheless, the altcoin may recover and grow if it can re-establish itself above $1.00 as support.

Meme coins on Solana are becoming more popular, and this could help POPCAT return to $2.10 and above. However, if investors start taking profits, this could complicate the recovery, and POPCAT may fall. The rapid growth of meme coins on Solana shows that this network could become the second-largest platform for such tokens.$DENT $PENGU $XRP