Crypto-AI-Robo.com (CAIR) Surprises the Market with an 11,712% Rise in Just One Week

Solana has become a hub for meme coins, taking over from Ethereum. Today, four of the top ten meme coins in the crypto market are live on the Solana blockchain.

Solana is now the go-to blockchain for meme coins, having taken over from Ethereum. Currently, four of the top ten meme coins in the crypto market are live on Solana.

But every now and then, the market sees the emergence of a meme coin that completely outshines the rest.

Solana Meme Coin Surges 10,000%

One Solana meme coin that surprised the market with an 11,712% surge in just one week is Crypto-AI-Robo.com (CAIR). The rally pushed the altcoin’s price from $0.0001076 to $0.01271.

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Solana Meme Coins Surged Last Week, Countering Broader Market Trend

Solana meme coins, dogwifhat (WIF), BONK, POPCAT, and Book OF Meme Coin (BOME), saw double-digit gains in the past week, countering the broader market trend.

The token aims to combine AI, Blockchain, and Robotics to revolutionize content creation. These are three of the most trending terms in the last few months, which is how CAIR capitalized on them and recorded these gains.

However, this does not make CAIR an investment-worthy token. The fluke of an 11,712% rally still does not change the fact that the meme coin market is running very weak at the moment. In fact, within the Solana ecosystem, the top meme coins – dogwifhat (WIF), BONK, POPCAT, Book OF Meme Coin (BOME), etc., have mostly noted declines in the past month.

Out of these, POPCAT was the only meme coin to perform decently, rising by a little over 20% in the past month. So, while the meme coins’ hype might keep pushing the likes of CAIR towards achieving the impossible, they are not worth much.

Solana (SOL) Token Struggling To Rise

Solana meme coins are not the only ones that are struggling. The SOL token has also failed to record any significant growth.

A glance at the daily chart shows that SOL dropped by 11% over the last five days and is currently trading at $164.

The drop has nearly failed the bullish double-bottom pattern, and failure would be confirmed if Solana’s price falls below the $156 mark. This pattern predicts a 31% rally for SOL, which would push it to the target price of $245.

However, the broader market cues might make this difficult. If SOL fails to meet either of the conditions, a consolidation between $156 and $186 will likely occur.