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Market commentators predict a positive outlook, anticipating a major Bitcoin bull run soon. Referring to Bitcoin’s recent price movements and historical trends, they pointed out the cryptocurrency’s pattern of rising in the fourth quarter following its halving year.
October has traditionally been a strong month for Bitcoin, showing positive returns nine out of the last eleven years. Moreover, experts emphasized that Bitcoin posted gains every fourth-quarter month during the previous two halving years.
Additionally, they have spotted bullish signals in altcoins like Pepe (PEPE), Arbitrum (ARB), and Artificial Superintelligence Alliance (FET), predicting significant growth for these cryptocurrencies in the coming months.
Similarly, tokens on the platform are displaying positive market trends. InsideBitcoins curates a list of the top trending cryptos on Solana Chain today.
Top Trending Cryptos on Solana Chain Today
BONK is trading at $0.0000174, marking a 4.08% rise over the past 24 hours. Its market cap is $1.18 billion, with a trading volume of $1.09 million. Since its introduction earlier this year, $MEW has consistently gained momentum, earning a place among prominent altcoins. Recently, $MEW broke through a significant resistance level, continuing its upward trajectory.
Meanwhile, DogWifHat (WIF) is priced at $1.63054, showing a 5.51% increase in the past day. As a well-known cryptocurrency, WIF continues to attract considerable interest from investors. Memebet distinguishes itself by combining entertainment with utility in the meme coin space. Additionally, Bitcoin is approaching the $60,000 mark as consumer sentiment reaches its highest level in four months.
1. Bonk (BONK)
BONK is the first dog-themed cryptocurrency launched on the Solana network. It was designed to enhance liquidity in Solana-based decentralized exchanges (DEXs). Like meme coins like Shiba Inu (SHIB) and Dogecoin (DOGE), BONK gained significant attention after its release.
Notably, 50% of the total supply was airdropped to the Solana community, contributing to a 34% rise in the price of the SOL token within 48 hours. Trading started on December 30, 2022, sparking genuine interest in the crypto community.
BONK trades at $0.0000174, reflecting a 4.08% increase over the past day. Furthermore, its market capitalization is $1.18 billion, and its trading volume is $1.09 million. Moreover, BONK’s circulating supply is 67.72 trillion out of a maximum supply of 92.87 trillion tokens.
Over the past year, BONK has demonstrated substantial growth, with its price increasing by 8,184%. It has outperformed 99% of the top 100 cryptocurrencies and surpassed Bitcoin and Ethereum in performance. It is trading well above its 200-day simple moving average (SMA), sitting 770.35% higher than the $0.0₅2013 of SMA, highlighting its current bullish momentum.
Grab a BONKBoxing beer & popcorn combo next week❗❗❗
BONKboxing Day 2 is bringing more knockouts and more Donations to @BONKForPaws charities at @SolanaConf
Let’s check out the lineup for Saturday the 21st👇 pic.twitter.com/mLCQ93UPcr
— BONK!!! (@bonk_inu) September 13, 2024
BONK’s liquidity is strong relative to its market cap, with $751,051 in liquidity and 763,053 holders. Although the coin shows relatively high volatility, it enjoys strong community trust, with 90.9% favoring its potential. Overall, BONK has made notable strides in the Solana ecosystem. Nevertheless, its future performance will likely depend on its ability to maintain liquidity and drive further engagement within its community.
2. cat in a dogs world (MEW)
Cat in a Dog’s World ($MEW) is a Solana-based memecoin that offers a unique, cat-themed alternative to popular dog-related cryptocurrencies like Dogecoin, Shiba Inu, and Bonk. Since its launch earlier this year, $MEW has steadily gained traction, establishing itself among notable altcoins.
Recently, $MEW experienced a surge in momentum as it flipped a key resistance level and resumed its upward trend. Furthermore, the overall market rally, driven by Bitcoin’s steady rise, has fueled optimism among traders, who now expect continued bullish momentum. $MEW is trading at $0.00472, reflecting a 10.56% intraday uptick. However, market sentiment remains neutral, with 13 technical indicators cautiously signaling a bullish outlook.
Currently, $MEW is trading within a descending wedge pattern, which is typically a bullish structure. It tests a critical resistance level at $0.0048, facing multiple rejections. If $MEW successfully breaks above this level, it could push the price toward the $0.0055–$0.0060 range. Moreover, a breakout from the wedge might lead to further gains, possibly reaching $0.007 or higher.
Nonetheless, market experts advise caution. If $MEW gets rejected at $0.0048 again, it may consolidate or retrace to lower wedge levels. Therefore, closely monitoring trading volume will be crucial as the price nears these key resistance points.
3. dogwifhat (WIF)
DogWifHat (WIF) is priced at $1.63054, reflecting a 5.51% increase over the last 24 hours. As one of the more recognized tokens in the cryptocurrency market, WIF has consistently drawn attention, particularly from investors. Moreover, the token has seen significant activity, especially among larger holders, or “whales,” who have acquired around 20.58 million WIF tokens. This indicates growing interest and popularity for the token.
In addition, WIF has established itself as one of the top Solana-based assets, regularly ranking in the top five memecoins on the blockchain. The token recently stabilized near $1.56; however, experts believe it has the potential to reach $2, supported by whale accumulation and increased trading.
Despite the broader decline in memecoin prices, DogWifHat has remained stable. Furthermore, long-term holders are optimistic about its future growth. Investors also anticipate that WIF may benefit from a potential memecoin market recovery alongside tokens like FLOKI and GEGG.
$WIF now integrated with our telegram bot to track member analytics!
Avg hold time for the top 250 wallets enabled ✅
That hat never comes off
The hat stays on!🎩🧢@dogwifcoin pic.twitter.com/5vwKZ4nWhu
— HolderScan (@HolderScan) September 11, 2024
CoinCodex predicts that WIF could increase by 12%, potentially reaching $1.74 by September 15, 2024. Additionally, projections indicate a possible rise to $2.31 by September 19, 2024, representing a 48.70% gain if current trends persist.
What Might Be The Next Top Trending Crypto?
Memebet positions itself within the meme coin sector by offering entertainment and utility. It merges meme coins with online gambling, aiming to attract both crypto enthusiasts and gambling fans, particularly those already active in the meme coin space.
At the core of its offering is the “Memebet Casino,” where users can bet on various games using meme coins. A notable feature of the platform is its no-KYC policy, allowing users to play immediately by connecting their crypto wallets through Telegram. The casino also includes thousands of crypto-based games and a global sportsbook, offering betting options on popular leagues like the EPL and NBA.
Memebet’s strategy targets the overlap between crypto gambling and meme coin trading. Focusing on Telegram’s large user base, especially meme coin traders, it aims to capture a share of the expanding crypto casino market, which is still a small part of the overall gambling industry.
Although still in the early stages, Memebet offers several incentives, such as P2E airdrops, degen-specific rewards, and VIP perks for those who invest in its native token, $MEMEBET. The token’s price is expected to increase as interest and participation grow.
Fill your bags or sink.
Buy now 👇 https://t.co/cY4p8PqXzg pic.twitter.com/c0sXK0xriQ
— MemeBet (@Memebetcasino) September 11, 2024
The project has raised $219,399, and the token is currently priced at $0.0251. With just over three days before the next price increase, potential investors might see an opportunity to buy in early.
In summary, while Memebet is a young project, it shows potential by combining two growing sectors—crypto gambling and meme coins. Its unique features and strategic focus may appeal to investors and users looking for a new kind of online entertainment.
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