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The recovery of Solana in the past 24 hours was quite impressive. SOL, after an 18% price drop, has returned to a positive trend today. It has gained over 10%. The performance of SOL has been excellent. top trending tokens on the Solana chain The trend is fueled by a number of factors.
Data from the market shows that certain assets within the Solana eco-systems have seen double-digit gains over the past 24 hours. Investors have been captivated by the impressive growth of cryptos like Phauntem and Barron. This post provides details about their performance.
Solana Chain: Top Trending Cryptos
Newer tokens added to the chain are also experiencing a spillover of funds. Smog, a newly-debuted memecoin that has seen double-digit gains, is the latest coin to do so. The token’s much-anticipated Airdrop also helps to increase its popularity. We will cover the details of the token’s performance as well some other important things that investors need to know about the Solana blockchain.
1. Phauntem (PHAUNT)
Phauntem, after a sudden price increase, is among today’s top trending tokens at Solana. Today, the token’s trading volume increased at a similar rate to its price increase of 262%. The token has gained attention due to its price increase, and it is likely that the token will continue to rise in price over the next few days.
In addition, the PHAUNT holder count has risen dramatically to over 1600. PHAUNT’s total supply is 9.9 Million PHAUNTs. It has a $1.64M market cap. As of the date of this article, its liquidity value is $107k.
The token’s recent performance is the best way to predict its future. This will help determine if the token is still one of the most popular cryptos on Solana or if its popularity has just been a fad.
It’s not a bad idea.#Phauntem The tech https://t.co/rrnuskGyb4
— PHAUNTEM SOL (@phaunteum69) March 5, 2024
PHAUNT’s value has plenty of room to increase, especially in light of the current memecoin boom. The top 10 wallets hold over 20% of the total circulating supply, which could influence the price of the token in the future. The wallet could sell its tokens if the price goes up, sending it spiraling downwards.
The holders should keep an eye on the wallets containing a significant amount of the Phauntem token before making important decisions. If they are not, the intense volatility of their tokens may cause them to have a wide range in price between highs or lows.
2. Solama (SOLAMA)
Solama has marked its territory within the memecoin industry. The coin was one of the most popular coins on Solana at the time of publication. The community is aiming for a dollar price and the token price has increased by 93% in the past 24 hours. The price of the token is rising despite the general decline in the cryptocurrency market.
SOLAMA, despite being a brand new crypto token has a market capitalization of $8.5 million. The total supply is 676.58 millions tokens. In the next few days, the rising price could have a significant impact on the market cap of the asset.
A significant amount of churn could be caused by the falling interest in memecoins that was recorded yesterday compared to today. The pressure from migrating holders could send the price down. We are unlikely to see SOLAMA at the top of the trending list as long as the sell-off in the sector continues.
WE KEEP PUSHING🔥
We have just broken a new record of more than 5,000 $SOLAMA HOLDERS
Realize what that means? 👀 👀 👀
The beginning is only the beginning $SOLAMA 🦙🦙🦙🦙
💯Charts; https://t.co/mwDZALFXxr…@SolamaSPL $SOLAMA #SOLAMA #RideTheLama #SOLAMA_ARMY
TG:… pic.twitter.com/YvhstiS4Gm
— SOLAMA | Solana Chain 🦙 (@SolamaSPL) March 3, 2024
Similarly, the project integrates initiatives that ensure Solama’s value on a long-term basis. Token holders and the community can play games to earn SOLAMA services. A Solama shop is also available for participants to purchase brand items. This could also increase the demand for the token and the platform’s revenues.
Final success is determined by the team that has been behind the project. The market data shows that the project is still young, so investors should do thorough research before making a decision.
3. Barron Trump (BARRON)
Coingekco’s Politifi crypto-category will likely lead to more memecoins capitalizing on the growing interest for politics. Barron Trump is one of the meme cryptos that was recently launched on the Solana blockchain. The project is aimed at creating a community around freedom and prosperity. Their community is made up of vibrant, nonconformist and degen investors, similar to the Trump enigma.
BARRON, at the time I wrote this, was up 21%. It had climbed to the top of the list of trending cryptos in Solana. Also, its trading volume increased by a large amount. The team says that its price has steadily increased since the launch. work It is important to continue to promote the token and increase its visibility.
Since its launch in 2013, the community has made over 1100 transaction, while the number of holders also increased. Its current market cap is $1.1 million.
Will BARRON maintain its current trending status in the next few weeks or for the remainder of the quarter? BARRON could return to training or remain on the list given its current market performance, and the initiatives suggested by the team.
According to an announcement on the project’s Twitter page, the community activated a token-burning initiative recently. According to reports, the move removed BARRON worth over $20,000 from circulation. The price of the token could continue to rise.
What Will Be The Next Top Trending Crypto
Smog The token has grown from a fair launch into one of the most popular in the bull markets. The token, which debuted on Solana, has amassed $3 million and is now one of the most popular tokens in the bull market.
SMOG’s price has increased by over 50% in the last 24 hour. Many traders speculated if the token will reach $1 before the bull run ends. Despite yesterday’s Bitcoin drop, the SMOG Community continued its quest to make SMOG this season’s winning meme crypto. The trading volume of SMOG is currently up 110%, indicating a growing interest.
The smog team also has a bold goal that could surprise the crypto-community. It set out to be the project that offers the largest airdrop on the Solana Chain. To achieve this vision, the platform offers its 49.38k users the chance to take part in the airdrop. On the official Twitter handle, you can find detailed instructions on how to proceed.
Airdrops are continuing at the same pace as before. Smog It is possible that more green candle prints will be made in the next few days. It is therefore best to keep an eye on the trend in order to grasp the situation and make the most of it.
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“This article is not financial advice.”
“Always do your own research before making any type of investment.”
Source: insidebitcoins.com