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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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
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