With its base layer tokens and meme cash outpacing Ethereum ($ETH) thus far for the 12 months, Solana ($SOL) has been doing nice. That would imply the youthful Ethereum rival will outperform for all of 2024, however it could be Ethereum memes subsequent because the cycle turns and the pendulum swings again to the main DeFi blockchain.

DogWifHat ($WIF) is an SPL token (Solana Program Library) that launched on Nov. 20, 2023. Because the begin of the 12 months, its tokens have gained 827% in worth. So each greenback invested in these very fashionable Solana meme cash on Jan. 1 is now value 9 {dollars} on crypto exchanges around the globe. One other coin with comparable potential is Ethereum Kai Cat ($KAI).

Ethereum Kai Cat To Hedge Solana Meme Cash In 2024

Pronounced “Kay Eye Cat,” and optimized to be used by AI on the blockchain, Kai Cat is an Ethereum ERC20 token in its presale part. As a result of it’s in presale, the coin’s price isn’t fluctuating up and down, and altcoin crypto traders can get into the token provide earlier than it’s listed on exchanges with the potential to multiply in worth.

As you’ll be able to see from the TradingView chart above, on the year-to-date view, WIF has outpaced Ethereum’s Shiba Inu coin ($SHIB) thus far in 2024. However don’t overlook that Bonk ($BONK), which is trailing behind SHIB for the 12 months thus far (106% to 159%) was the highest crypto gainer for 2023, with an astounding 7,000% price return in 12 months, in accordance with information from CoinGecko.

Bonk is one other Solana canine meme coin, and after flying so excessive final 12 months, it’s taking a while to chill and consolidate its positive aspects. It may very well be the identical story for WIF someday later. In that case, altcoin traders seeking to diversify their portfolios with some Ethereum meme cash to hedge Solana’s progress this 12 months in case Ethereum pulls forward, might want to check out Kai Cat.

The Cat Coin Pattern Might Be This Bull Run’s Huge Bag

After Dogecoin ($DOGE) adopted up on the world-changing success of Bitcoin, dog-themed tokens have utterly dominated meme coin suppliers on sensible contract base chains like Ethereum and Solana.

However this 12 months it could be cat cash that blow up altcoin traders’ wallets with huge positive aspects in a matter of weeks and get huge earned media protection in main monetary information shops like MarketWatch and CNN Cash.

It was in all probability only a matter of time earlier than cat cash developed the meta for meme currencies. In simply the previous couple of months, markets have seen 3 main cat cash make headlines as they start to problem meme coin leaderboards:

PopCat ($POPCAT) with an all time excessive price above $700 million, Cat In A Canine’s World Coin ($MEW) with an ATH close to $1 billion, and MANEKI ($MANEKI) with an ATH over $200 million.

To place Bonk’s progress final 12 months in perspective, the U.S. inventory market’s common yearly return over the past hundred years has been 10%, in accordance with NerdWallet. At that fee of progress, it could take 700 years to get the returns one meme forex delivered in simply 12 months.

That’s unbelievable by pre-pandemic requirements, however over the previous few years, crypto markets have seen meme cash ship these sorts of unbelievable price returns many times. One of many newest tasks to launch on Ethereum is Kai Cat. It not too long ago crossed the $260,000 milestone in its presale. Altcoin gem hunts could wish to drop a coin into the slot and provides it a spin.

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