Memecoin: Is Base ready to challenge Solana for the throne?
This article will take a deep dive into the Memecoin market, analyze the reasons for its popularity, and shed some light on the current battle for dominance between Solana and Base.
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This article will take a deep dive into the Memecoin market, analyze the reasons for its popularity, and shed some light on the current battle for dominance between Solana and Base.
Driven by the upcoming Bitcoin halving event, the wave of Bitcoin ETFs, and the continuous and drastic changes in market sentiment, Bitcoin has not only skyrocketed and plummeted, but also triggered a resurgence of meme cryptocurrencies, led by tokens such as $PEPE and $WIF.
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OKX's addition of Solana (SOL) tokens, notably the memecoin BONK, garnered attention. BONK's surge attracted whales, yielding a trader a $6.9 million profit. SOL experienced significant growth, with a 141% surge in daily active addresses, showcasing a vibrant user base. Solana's developmental strides, thriving developer community, and an 11.2% surge in SOL's price to $100.54 affirm its growing optimism in the market.
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