Crypto has been on a roll since Trump took over US Presidency, and as of November 12, Bitcoin resides above $86K. Elon Musk was a key supporter of Trump’s pro-crypto stance throughout his campaigning, and he proposed a brand new authorities company referred to as the “Department of Government Efficiency”, the acronym to which neatly types the ticker for a widely known memecoin. Rumors have it that this crypto may very well be concerned extra inside the Trump authorities than simply being an acronym for a division, which has despatched memecoins specifically hovering.
The newest crypto bull run has already commenced, and memecoins positive are shaping up to be the sector the place the actual enjoyable is. CoinGecko’s Q3 crypto business report highlighted memecoins and Solana memecoins as the highest two crypto narratives of the third quarter of 2024, and the latter resides up to its potential in This autumn. Solana mememcoins’ combination market cap went previous $16 billion on November 11, with their single-day buying and selling quantity reaching $10 billion for the primary time ever.
Solana memecoins’ efficiency, November 11, 2024
If you put the market cap of the sector ($16 B) towards the aforementioned single-day energetic buying and selling quantity of $10 billion, you discover a main bullish signal. Notably, $FOMO, $GOAT, and $BONK have emerged because the quickest rising crypto out of all of the Solana memecoins.
Prime three Solana memecoins to be careful for
1. $BONK (BONK)
Launched in 2022, $BONK is among the very first memecoins on Solana. Following a protracted line of dog-based memecoins, BONK aimed to be “the people’s dog coin”. It has lately recorded a rising person base and a reasonably robust buying and selling quantity. Buoyed by the hype surrounding the memecoin sector on Solana, $BONK is one other good funding in the mean time that you could be need to give attention to. Nonetheless, do keep in mind that easy memecoins like $BONK could battle as soon as the hype dies down.
2. $FOMO (FOMO.fund)
With a current profitable presale underneath its belt, $FOMO is flying excessive proper now! FOMO.fund is a number one memecoin launchpad on the Solana blockchain, and the undertaking has additionally simply constructed the primary ever AI agent launchpad on the identical chain.
The platform helps token creators by providing a easy and truthful launch, whereas placing its give attention to group help and transparency. The truthful launch system utilized by the undertaking integrates a bonding curve mannequin, letting token costs alter dynamically based mostly on provide and demand, which ensures regular liquidity. The lately launched AI agent platform additional takes $FOMO into one other thrilling crypto dimension, given AI can also be one of many prime crypto narratives in 2024. FOMO.fund’s customers can develop tokenized AI brokers of their very own in underneath a minute. These AI brokers usually are not merely bots both, they’re absolutely autonomous digital personalities!
The brokers can study, work together with customers, full numerous duties, create content material, and even promote their very own tokens on social media platforms like Telegram, Tiktok, X, YouTube, and extra.
Fomo.fund additional brings a gamification facet to token acquisition, which inspires engagement in the neighborhood by enjoyable video games that reward the winners with $FOMO tokens.
As FOMO greenlights its first ever Preliminary Agent Providing (IAO), Fomo.fund has dedicated 15% of its complete $FOMO provide to early group members by pre-sales. With FOMO’s robust fundamentals, its market cap is anticipated to succeed in $1 billion quickly sufficient. The token reveals 100x progress potential and change listings are anticipated quickly; we’d positively suggest getting a stake into the token because it skyrockets within the bull market!
3. $GOAT (Goatseus Maximus)
The $GOAT memecoin, affectionately often called the Goatseus Maximus, is trending for superb motive. The crypto went from nothing to over $700 million in market cap within the span of precisely two weeks in October, a transparent signal of simply how shortly fortunes are created on the earth of crypto. $GOAT blended popular culture with crypto identical to its quite a few predecessors have executed, however this one is one to maintain a particular give attention to in the mean time because of the present hype surrounding it, and the truth that it’s based mostly on Solana- a blockchain the place the memecoin sector is on a great run.
In the event you evaluate $GOAT to the likes of $FOMO, whereas the primary one is a wager on the present recognition of memecoins and is probably not sustainable as soon as the hype dies down, the latter is a undertaking with robust fundamentals with higher real-world worth, and should preserve going robust years down the road.
Bear in mind to do your personal research earlier than you go investing in any of our suggestions. We want you good luck!