When Ethereum flies, expect DeFi and NFT tokens to register gains. The same script can be seen in Solana. SOL is undoubtedly one of the top-performing altcoins of the past year. Up more than 8X since bottoming up from mid-2023, the price of Solana is now inching closer to $200, while Solana meme coins like Bonk enjoy a price boost.
Solana Meme Coins Ripping Higher, BONK Up 8%
As SOL rises, so do its ecosystem tokens, which are mostly comprised of meme coins.
So far, Dogecoin and Shiba Inu are the largest by market cap.
However, their performance has been nothing short of disappointing, and they are trailing top Solana meme coins like WIF, BOME, and BONK.
Looking at the numbers, BONK is the second most valuable meme coin in Solana, adding roughly 8% in the past day.
WIF, on the other hand, is up 3% in 24 hours but gained a massive 32% in the previous week.
BOME is up 3% in 24 hours, but stretching gains to approximately 20% in the past week.
The revival across Ethereum and Solana ecosystems has seen the total market cap of meme coins jump to over $50 billion, adding an impressive 4%.
As SOL bulls build on the current momentum, targeting all-time highs, experts predict even more gains among meme coins.
Top beneficiaries will include BOME, WIF, and other Solana meme coins.
However, smart investors are also looking across other ecosystems, picking out PlayDoge, a new play-to-earn (P2E) platform in the BNB Chain.
PlayDoge Presale Goes Viral: Over $5.7 Million Raised
In the ongoing PlayDoge presale, it is evident that the project has the support of the community, considering what it brings to the table and its appeal as a quality meme coin.
PlayDoge merges meme coins with a mobile game that brings back the memories of the once viral Tamagotchi-style virtual pets popular in the 90s.
To receive PLAY rewards, all players have to do is nurture, feed, and entertain these virtual pets.
There is a leaderboard system, and those who play more receive even more PLAY tokens and exclusive in-game rewards.
Though PLAY is distributed as a reward, it is core to the broader PlayDoge ecosystem.
Investors can buy PLAY in the ongoing PlayDoge presale, which has raised over $5.7 million.
Each PLAY token is available for $0.00519.
What’s more, PLAY can be staked. Those who lock up their tokens receive an 85% APY.
Over 220 million PLAY have been staked as of July 17.
Stakers get a chance to receive passive income and secure the PlayDoge platform.
However, this is not to say PlayDoge is not secure.
It is, in fact, one of the most secure P2E games around. SolidProof, a reputable blockchain security firm, has audited its smart contracts.
With a focus on the community and contributing to the rapidly growing P2E sphere, analysts think PLAY will easily 100X on launch while PlayDoge will be a top crypto project in the next bull cycle.
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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
