Meme coins on the Solana Network continue to gain value
25.07.2024
The prices of meme coins such as MEW and WIF have shown significant growth, which is linked to the increased activity on the Solana network. Specifically, MEW has risen by 439.03% over the past week, reaching a current value of $0.0076, while WIF has surged to $3.41 per token.
Impact on the Solana Network
The growing activity on the Solana network has contributed to the significant price increases for meme coins. The market capitalization of the meme coin sector on Solana reached $6 billion in July 2024, highlighting investor interest in these tokens.MEW, a cat-themed meme coin, is rapidly gaining popularity. Its current price is $0.0076, which is 439.03% higher than the previous week. This substantial increase is attributed to recent listings on major decentralized exchanges and community support.Dogwifhat (WIF) is one of the leading meme coins on Solana and continues to attract investor attention. Its current value is $3.41, with a market capitalization of $3.4 billion. This growth is supported by active fans and strategic partnerships within the Solana ecosystem.Technical indicators suggest continued price growth for meme coins. For instance, Catwifhat (CWIF) has shown steady growth, with a market capitalization of $6 million and an average daily trading volume of around $5.8 million. The token maintains a positive trajectory with key indicators such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) indicating a bullish momentum.
