Solana Memecoins Popcat and Dogwifhat Are Soaring In 2024 — One Even Surged 12882% But Why Are Ethereum-Based Shiba Inu And Floki Lagging?
Portfolio Pulse from Aniket Verma
Solana-based memecoins like Popcat and Dogwifhat have seen massive gains in 2024, outperforming Ethereum-based counterparts like Shiba Inu and Floki. Solana's native token, SOL, also rose 3.51% amid the memecoin frenzy.
September 25, 2024 | 5:09 am
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NEUTRAL IMPACT
Ethereum's native token, Ether, saw marginal gains of 0.50% despite the underperformance of Ethereum-based memecoins compared to Solana-based ones.
Ethereum-based memecoins underperformed compared to Solana-based ones, leading to only marginal gains for Ether.
CONFIDENCE 85
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Solana's native token, SOL, rose 3.51% as Solana-based memecoins like Popcat and Dogwifhat saw massive gains, indicating increased interest and activity on the Solana blockchain.
The significant gains in Solana-based memecoins have likely increased interest and activity on the Solana blockchain, positively impacting SOL's price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80