The content and materials featured on this page are for educational purposes only. Turmoil strikes the Solana meme coin market as Bonk and Dogwifhat retrace 11% and 12%. However, the newly launched Slothana has continued pushing ahead as top analysts back it for 10x gains.<\/p>\n
According to CoinGecko data, the total crypto market cap is down by 3.8%, but the Solana meme coin ecosystem fares worse for wear, down 5.8%. However, Solana\u2019s top dogs, Bonk and Dogwifhat, have suffered even deeper selloffs, down 11% and 12%, respectively. Currently, Bonk is trading at $0.00002373.<\/p>\n
Despite today\u2019s pullback, it remains up 67% this week but is down 11% this month. BONK has a $1.5 billion market cap and a $531 million 24-hour trading volume, down 9.3% today. The analyst noted that it recently broke a wedge chart pattern to the upside and suggests that it will now push toward its March 2024 all-time high (ATH).<\/p>\n
Moving to Dogwifhat, it is trading at $2.95, up 23% this week and 4.8% this month. It holds a $2.9 billion market cap and a $802 million 24-hour trading volume. The analyst cited WIF\u2019s bounce from the $1.9 support level but warned that the bullish outlook will be invalidated if it loses that level.<\/p>\n
Analysts are backing new projects to perform well. One of the most promising is the presale token Slothana, predicted to 10x by a leading analyst. The sloth-themed meme coin has eclipsed the total raise of earlier presale phenoms, Book of Meme and Slerf, setting a bullish precedent for its upcoming exchange listing.<\/p>\n
Leading analysts are rallying in support based on the relentless success of Book of Meme and Slerf after their presales. BOME reached a $1 billion valuation in two days, and SLERF overtook Ethereum in on-chain trading volume. Another factor hinting at success for the newest Solana hype is rumors that its team is linked to Smog, another hyper-triumphant Solana meme coin.<\/p>\n
These factors offer an exciting glimpse into Slothana\u2019s future potential, but traders must act quickly because the presale ends in four days. Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page.<\/p>\n
Users must do their own research before taking any actions related to the company.<\/p>\n","protected":false},"excerpt":{"rendered":"
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