The meme fever in the Solana network continues. Three days ago, a new memecoin appeared on the SOL blockchain, Banana Tape Wall (BTW) which increased in price by 198% in just 24 hours. Let’s figure out why the community liked the new Solana (SOL) memecoin so much and whether it’s worth taking an interest in.
What is the secret of the Banana Tape Wall (BTW) memecoin?
Banana Tape Wall (BTW), a new Solana-based memecoin, has been showing impressive performance in the last 24 hours. The asset’s price has soared by 198% over the past 24 hours. What’s notable is that this happened against the backdrop of a decline in the broader cryptocurrency market.
Coingecko
At the time of writing this analysis, the BTW memecoin is trading at $0.009957. The asset has a market cap of about $9.8 million, and a 24-hour trading volume of almost $29.5 million.
The Banana Tape Wall meme token is inspired by the artwork called “Comedian” by Maurizio Cattelan. The piece is an ordinary banana that is taped to a wall. It was previously sold for $120,000.
The token, inspired by the art object, was launched just three days ago. Although it has already shown impressive growth in that time, investing in this memecoin may be risky. Before investing in BTW or any other financial asset, do your own research.
Earlier, the VR Soldier editorial team reported on another meme token based on the Solana network, which in a short period of time soared by as much as 10,000%.
Solana Prediction: Memecoins are Helping SOL!
Amid the crypto market recovery and the ongoing hype around meme tokens, the price of Solana (SOL) is also growing. At the time of writing, the altcoin is trading at $162, up 10% in 24 hours.
At the same time, Solana’s daily trading volume exceeds $7 billion, and the asset’s market capitalization has grown to an impressive $75 billion.
SOL exchange rate dynamics . Source: CoinGecko
The VR Soldier editorial team spoke with experts about when to expect SOL at $1,000. Read this article – it contains the opinions of top analysts and all the current forecasts for Solana.
The post Solana New Memecoin Banana Tape Wall (BTW) Soars Nearly 200% first appeared on The VR Soldier.
