More than half of the year has been over, and the crypto market had its share of surges and declines, but many cryptocurrencies exhibited gains, especially during March. No crypto trader would have forgotten the profits obtained during that bullish rally. More importantly, almost everyone will agree that the Solana ecosystem coins carried the best performance this year. Coins like dogwifhat, Popcat, BONK, and many others received huge popularity this year, offering one of the biggest profits and highest growth, pushing the entire Solana ecosystem to grow.
CoinmarktCap, the famous crypto tracking website, has recently released the CMC 2024 H1 report, highlighting the highest growth of the Solana ecosystem in terms of new tokens additions in Q2, where more than 20 tokens have been listening on the network because of its high demand in the market. The number is much higher for the year-to-date (YTD) as there are more than 147 listings till now.
The popularity grew heavily with the Solana meme coins listing, whose high-profit actions have attracted other projects on the network. Solana has beaten the Ethereum ecosystem and many other popular works in token listing. But compared to the March network, the listing has declined in Q2, where many even got delisted.
Best Performing Solana Ecosystem Coins
CMC 2024 H1 report has also clarified the position of the meme coins as these were the best performing Solana Ecosystem Coins. It is because the retail investors preferred the instant gains over the rest, hinting at the anti-establishment sentiments. More importantly, the tracking site compared the meme coins trading with casinos as the user prefers gambling with high-risk assets more than betting on traditional projects.
As per the CoinmarketCap website data, Popcat, MAGA, and dogwifhat are the three best-performing Solana ecosystem coins. Let’s discuss their performance one by one.
1.Popcat (POPCAT)
Popcat is the biggest gainer in the Solana exosystem coins as well as in the overall crypto market, as it has grown more than 5997% this year. With such high profitability, Popcat is currently valued at $0.493 and is on a downtrend as it has lost 19% in the last 24 hours only.
2.MAGA (TRUMP)
MAGA is a Trump-themed meme coin and has been gaining a lot of hype recently as the US presidential election approaches. With the news and highlights about the ex-US president and current presidential candidate Donald Trump, MAGA price also surged, bringing 1718% this year alone. It is currently valued at $5.29 but has peaked more than thrice in its prime last month.
3.Dogwifhat (WIF)
Dogwifhat trend has slowed over the weeks, as its value has declined heavily. It peaked in March-April, but June has been hard on this Solana coin. At that time, it rose to as high as $4.85 and was the highest gainer as its rally continued for weeks. Despite the current losses, it has maintained more than 1041% gains this year, valued at $1.92.
Not only Solana Ecosystem Coins have bagged the highest gains, but the network has also witnessed the highest number of active addresses. The CMC 2024 H1 report mentioned 1.6 million active addresses on the Solana network, beating Ethereum. Interestingly, three more networks have been ahead of Ethereum in this race as BNB, Sui, and TON followed the SOL.
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