The crypto market is gearing up to restart the bull run, with meme coins leading the charge once again.
In particular, Solana meme coins are invalidating all bearish possibilities and are set to make new all-time highs. This is potentially due to the Solana price rallying on Wednesday again, now trading above $158.
The meme coin market capitalization is back above $58 billion after a 4% rally today, data from CoinGecko reveals.
A new Solana meme coin Slothana is also going viral in its presale, with many crypto influencers calling for 100x price growth after its launch.
Bonk And Dogwifhat Meme Coins Soar
Solana meme coins continue to act as leveraged bets on the SOL token. While the letters rallied by 3% today on Wednesday, Bonk and Dogwifhat skyrocketed by 32% and 20% respectively.
Unsurprisingly, Bonk and Wif are amongst today’s top crypto gainers, outshined only by Hedera coin.
Bonk is currently trading at $0.000027, up 32% today, despite a marginal 2% pullback right before press time. The token’s market capitalization is just under the $1.8 billion mark, data from CoinMarketCap reveals.
The meme coin’s resurgence is even more impressive when zooming out the Bonk price chart. It has rallied by 94% over the past week and has more than doubled in value from its April low.
The Bonk rally isn’t expected to halt anytime soon either. Crypto trader $SHIB Knight believes that the meme coin’s daily chart reveals a price target of $0.000046. Another trader Benjamin has highlighted that Bonk appears poised to reach a new all-time high and could potentially reach $0.000055.
$BONK chart is rising after breaking downtrend.
— $SHIB KNIGHT (@army_shiba) April 24, 2024
Target of Daily Chart is 0.000046 pic.twitter.com/aANKf0rh8N
Popular analyst Crypto Tony mentions that Bonk simply needs to secure a daily or weekly close above the $0.000027 level to remain bullish.
Experts are even more bullish on Dogwifhat. The meme coin is trading at $3.50 at press time with a market capitalization of $3.4 billion.
However, popular crypto influencer Ansem believes that Wif is headed to over $10 billion in the near future. Another trader Cryptoveteran projects that Dogwifhat could reach a $50 billion valuation in the long term.
$10B?
— cryptoveteran (@CryptoSrm) April 24, 2024
We will send $WIF past $50B to send a message.
Fudders do not realize the kind of stuff happening behind the scenes to help spread more awareness about $WIF. And on top of that –
1. #coinbase perps tomorrow, then spot listing soon
2. Vegas sphere
3. US elections
4.… https://t.co/4mV8f4CvmV
Undeniably, $WIF has essentially been acting as a 4x leverage on Solana. With experts projecting SOL to reach $600 to $1000 this bull run, a 10x Dogwifhat bull rally isn’t out of the question.
Slothana Crypto Presale Goes Viral, Next 100x Solana Meme Coin?
Slothana ($SLOTH) – seen by many as a potential successor to Slerf – is in high demand during its ICO.
The Slothana presale has raised over $15 million in just over 3 weeks, signalling strong early interest from the meme coin community. Considering that the presale is coming to an end in less than 5 days – on 29th April – the hype surrounding the new meme coin is only going higher.
Slothana’s mascot has captured the imagination of investors with its hilarious portrayal. The office-goin Sloth is tired of the 9 to 5 grind and is looking for financial freedom in the crypto world.
Slerf’s 5000% rally has ushered in the era of sloth-inspired meme coins and Slothana is carrying the baton. However, while Slerf had an inexperienced developer team that burned all the presale tokens, rumours believe that Slothana has the same developer team as Smog.
Notably, Smog was another Solana meme coin sensation that has already delivered over 26000% gains to its early buyers. If the rumours are true, Slothana could be well on its way to being the next big Solana meme token.
Crypto influencers believe this as well. YouTubers 99Bitcoins and Savvy Finance believe Sloth is the next 100x meme coin, while TodayTrader has called it the “the next Dogecoin or Shiba Inu”.
