'Solana Killer' Climbs Over 50% In 2024 — And Its Meme Coins Are Rallying Just Like BONK's Earlier Boom
Portfolio Pulse from Mehab Qureshi
'Solana Killer' Sei (CRYPTO: SEI) has seen a significant rise of 55% in 2024, outperforming Solana (CRYPTO: SOL), which increased by 2%. Meme coins on both networks, like BONK and SEIYAN, have also seen substantial rallies. The Sei Network, a Layer 1 blockchain within the Cosmos ecosystem, achieved over $1 billion in trading volume shortly after its debut in August 2023.
February 22, 2024 | 10:35 am
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POSITIVE IMPACT
Sei (CRYPTO: SEI) has outperformed Solana with a 55% increase in 2024, benefiting from the popularity of meme coins on its network.
Sei's significant rise in 2024, coupled with its rapid trading volume growth and the popularity of meme coins like SEIYAN, positions it favorably for short-term growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Solana has seen a modest increase of 2% in 2024, following a significant rally in December 2023.
Solana's modest increase in 2024 suggests a stabilization after its significant rally in December 2023. The focus on meme coins and competition from Sei may impact its short-term performance.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80