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Solana chain is making a comeback after a season of surprising calmness. For most of the first quarter, the Solana chain dominated the news as several projects debuted in the network. The platform was praised as the home of the new meme culture trend, which led to many investors earning sizable amounts on their investments.
Nevertheless, the persistent market downturn has forced many traders and investors to reconsider their portfolio allocation. Thus, the Solana chain lost its overall appeal as investors flocked to emerging networks like Base. We’re currently seeing an inflow of funds to the Solana chain.
Top Trending Cryptos on Solana Chain
The return of investors’ interest in the Solana chain has also breathed life into existing projects on the chain. Assets like the SMOG token, which posted impressive numbers in the first quarter, are now seeing a return to an uptrend in the second quarter. Today’s post presents an overview of Smog’s performance and all that investors need to know about its current trend.
1. SolanaX (SOLX)
The native SolanaX (SOLX) token is the cornerstone of the SolXdex ecosystem, powering the platform’s operations. With a fixed total supply of 10 billion SOLX tokens, it is vital in driving sustainable value and growth for its holders.
Furthermore, SolXdex allows users to use a decentralized exchange operating on the Solana blockchain. It offers the native SOLX token. The token’s current price is $0.0004852, with a 24-hour trading volume of $2,638,957.95. Moreover, it experienced a slight -8.17% decline on the last day but showed an overall price increase in the past week.
Despite the absence of data on market cap due to unreported circulating supply, SolXdex aims to establish an efficient economic model. This model incentivizes investors and ensures long-term development and sustainability.
The SOLX token holds various utilities, including allocation for presale participants and traceability on the SolXdex website. Due to a fixed total supply, it has the potential for value appreciation over time.
https://twitter.com/solxdex/status/1775332009486999633
Furthermore, users can stake their SOLX tokens to earn passive income and contribute to platform security once staking launches in Q2 2024. Despite underperforming the global cryptocurrency market, which is down -4.20%, SolXdex has seen a recent rise in trading volume. In the last 24 hours, it reached $2,639,888, indicating increased market activity.
Traded primarily on decentralized exchanges like Raydium, SolXdex aims to offer a seamless trading experience for users within the Solana ecosystem, fostering liquidity and participation.
2. Ligma Node (LIGMA)
Ligma Node is a new cryptocurrency launched on the Solana network on March 25, 2024. The Solana meme token has captured investors’ attention with its claim to launch the fastest nodes on the Solana network soon. On March 26, the LIGMA token recorded an astounding +188,000% gain, showcasing its potential for significant growth.
Meanwhile, according to the platform, Ligma provides the fastest nodes on Solana, with robust server support spanning the United States, Europe, Canada, and Asia. The token’s team claims that Ligma ensures minimum latency and maximum TPS to front-run the competition.
Today, Ligma Node (LIGMA) is priced at $0.01559, an impressive 84.50% increase in the last 24 hours and a remarkable 148.56% increase in the past seven days.
Despite the absence of data on its market cap due to unreported circulating supply, Ligma Node has been outperforming the global cryptocurrency market, down -4.20%. It has also outpaced similar Solana Ecosystem cryptocurrencies, up 16.20%.
Nodes built by botters, for botters! ✨
Scale and fly by the competition with the fastest private nodes on Solana.
View available plans & purchase now ⤵️ pic.twitter.com/XlYmz3X0aC
— LigmaNode (@LigmaNode) April 2, 2024
LIGMA tokens are tradable on decentralized exchanges, with Raydium being the most popular platform for trading Ligma Node. It boasts a trading volume of $2,483,366 in the LIGMA/SOL pair over the last 24 hours. With a trading volume surge of 96.60% in the past day, Ligma Node reflects a recent rise in market activity, potentially signaling further investor interest.
3. Bonk 2.0 (BONK 2.0)
Despite recent drops and following a descending triangle pattern, Bonk 2.0 may break out of this trend. It suggests potential for future growth in the token’s value. Bonk 2.0 (Sol) is priced at $0.071339 today, marking an 11.16% increase in the last 24 hours. However, it has experienced a notable -64.89% decline in the past week.
With a circulating supply of 75 trillion BONK2.0, the token holds a market cap of $1,040,874. Despite its recent struggles, Bonk 2.0 is undergoing concentrated efforts to expand its ecosystem, focusing on three core pillars to solidify its position as the premier community coin in Web3.
Although it underperformed the global cryptocurrency market, which is down 6.90%, and similar Meme cryptocurrencies, which are up 0.90%, in the last week, trading volume for Bonk 2.0 saw a -44.30% decrease in the past 24 hours, reaching $675,860.
🌇 We're starting the day with a bang #Dragons! 💥
🐉 $SMOG will be listed on @MEXC_Official exchange! 🎉
Deposits are now open! 💰🔥
Voting is live and ends tomorrow at 6:50 am UTC! 🗳️
Trading begins tomorrow at 9 am UTC! 📈
Also, it's the final call as Season 1 of the SMOG… https://t.co/pgQCzuXeoL
— SMOG (@SMOGToken) April 3, 2024
The token can be traded on various exchanges, with Raydium being the most popular. Over the last day, it has facilitated a trading volume of $27,253.71 in the BONK2.0/SOL pair. Despite recent challenges, Bonk 2.0 remains focused on its mission to grow and thrive within the Web3 community.
What Might Be The Next Top Trending Crypto?
Smog is gradually making its way back into the mid-range, with a momentary breakout earlier in the week. In the last 7 days, Smog has posted over 10% price increase, signifying the end of a protracted downtrend.
As Solana returns to take its place as one of the top-ranking chains for meme coins, Smog and other tokens in the category would likely witness a fund influx in the coming weeks.
In addition to the positive outlook ahead of meme coins, Smog’s ongoing airdrop is another advantage that helps propel its value. The community recently unveiled season 2 of its airdrop program, which is dubbed one of the largest in the history of the chain. The hype around the Smog airdrop would have the potential to become the catalyst to unlock the next phase of the Smog rally.
🌇 We're starting the day with a bang #Dragons! 💥
🐉 $SMOG will be listed on @MEXC_Official exchange! 🎉
Deposits are now open! 💰🔥
Voting is live and ends tomorrow at 6:50 am UTC! 🗳️
Trading begins tomorrow at 9 am UTC! 📈
Also, it's the final call as Season 1 of the SMOG… https://t.co/pgQCzuXeoL
— SMOG (@SMOGToken) April 3, 2024
Smog is still early in the market, and its progress to date has been remarkable. Its over 1000% gains since launch shows the potential of the token in the long run. Moreover, for the last 72 hours, Smog has maintained an increasing trading volume as investors’ interest is drawn to the token through its presale offering. The growing visibility from its ongoing Airdrop also contributes to the surging trading volume and pressure on the token supply.
As the project achieves more milestones through its presale, it’ll likely see more demand for its token, which will result in an increased price of the asset. Smog holds a reputation as one of the cryptocurrencies to watch in the first month of the quarter, particularly as the market strives to find a new direction.
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