Over the past 30 days, the top Solana memecoins by market cap have averaged between $91 million and $109 million in on-chain volume. The top two Solana memecoins by market cap, Bonk and WIF, have averaged 59% of volume during this period.
This year, people are becoming more and more accustomed to using blockchain as a cultural exchange platform, and the types of memes appearing on the chain have become more specific, from the main dog and animal coins to memecoins that express beliefs and opinions. This shift shows that blockchain is becoming a more important means of communication, and memes are the main carrier.
As the BNB chain, BNB (Binance Coin) is the core asset of the Binance ecosystem. Its market performance and potential value have always been the focus of investors. The rapid development of BSC and the growth of DeFi and gamefi provide strong fundamental support for BNB. Today, BNB broke through $693 and is now quoted at $693.6, with a 24-hour increase of 10.29%, setting a record high.
According to 8marketcap data, BNB's market value has reached 105.85 billion US dollars, with a 10.63% increase in the past 24 hours. It has now surpassed the coffee giant Starbucks (market value of approximately 93.77 billion US dollars) and ranked 170th in the global asset market value. It has surpassed Blackstone Group, as well as Japan's SoftBank and Mitsubishi Group!
It is not difficult to see the following points from the surge in BNB:
1. Technical analysis
Symmetrical triangle pattern: Although BNB's trading price and trading volume fluctuate, the overall trend is positive. The symmetrical triangle pattern generally breaks out upward.
2. BNB destruction mechanism
Increased scarcity: Binance’s regular BNB destruction activities reduce the total amount of BNB in circulation, increasing its scarcity and potentially pushing up its price.
3. Binance Ecosystem Development
Growth of BSC: The rapid development of BSC and the growth of DeFi and gamefi provide strong fundamental support for BNB.
4. Fundamental analysis
The expansion and maturity of the BSC ecosystem will directly affect the value of BNB, and the improvement of cross-chain interoperability will expand the use cases of BNB. The ongoing BNB destruction mechanism may have a positive impact on the price of BNB in terms of supply and demand.
And 24 is the best year for FLOKI so far. In the past 24 hours, FLOKI has risen by about 25%, and the latest transaction price is around $0.000337, setting a new record high!
Not only that, the meme coin FLOKI recently surpassed 417,400 holders on the BNB Chain, making it the largest meme coin on the blockchain by market value and number of holders. Recently, Floki's developers launched a new Telegram-based trading bot that allows holders to trade any token on the BNB chain network for a 1% fee, 50% of which is used to purchase FLOKI tokens. Initially in the testing phase, the trading bot is expected to be fully open to the public in mid-June 2024, with plans to expand to the Ethereum and Base blockchains.
It can be said that BNB has just hit a new all-time high, becoming the second mainstream cryptocurrency to hit a new all-time high. The BNB chain is recognized as the largest memecoin today by FLOKI. FLOKI is breaking through and currently outperforming PEPE, WIF, BONK, SHIB and DOGE, thanks to today's BNB ATH (highest price). And floki's market value far exceeds the sum of all other BNB chain memecoins.
Will FLOKI be the next explosive meme token?
At the heart of the Floki Inu narrative is a story full of myths and legends inspired by the mighty Viking explorer Floki. FLOKI is a memecoin inspired by Elon Musk's Shiba Inu puppy. It was launched in July 2021, and since then it has grown from a mere memecoin to a solid community-supported ecosystem.
FLOKI Features and Advantages
Deflation: The token operates in a deflationary mode, incorporating a token burning mechanism to reduce the overall token supply. The token supply is capped at 20 trillion units, and the token is designed to create scarcity. This can lead to price increases.
Multi-chain: FLOKI is available on both the Ethereum blockchain and the Binance Smart Chain, giving users access to it. Users can also build a 1:1 bridge from ETH to the BSC chain and vice versa, with no transaction taxes.
Transparency and Governance: The project prioritizes transparency and decentralization by handing management over to the community. Coin holders can vote on decisions regarding the direction of the project.
FLOKI historical price trends
Floki Inu was launched in July 2021 and reached a peak price of $0.0003. After announcing its listing on Binance in 2022, the token price rose 77% to a year-to-date high of $0.0000499. 2024 was FLOKI's best year so far. In the past 24 hours, FLOKI has risen by about 25% and is currently trading at around $0.000337.
At present, FLOKI price may have started the upward 3 wave (5). The next target is $0.000384. The price needs to stay above $0.00028 to maintain the upward pressure.
What will happen to FLOKI in the future?
In terms of market performance, FLOKI may experience fluctuations, but as its technology advances and application scenarios expand, it is expected to maintain its growth momentum in the long run. If it can successfully execute its strategic plan, FLOKI is expected to become a major player in the cryptocurrency market between 2024 and 2030.
