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Cryptocurrency News Articles
Solana Active Addresses Hits 5.4 Million, Whips Out the SHIB Killer Meme Coin Trio: POODL, POPCAT and WIF
Sep 17, 2024 at 04:01 pm
The data speaks for itself. Solana recorded the highest number of daily active addresses of all blockchains on September 9th.
Solana Active Addresses Hit 5.4 Million: Top 3 SOL Meme Coins to Buy Today
Short-term traders are reacting to the latest CPI print, which showed Core MoM (multiple of money) increasing at 0.3% against an expected 0.2%, suggesting that core inflation might be stickier than anticipated. However, this is a classic case of cherry-picking data to fit a thesis.
YoY (year-over-year) prices increased 2.5% against an expected 2.6%, and the FED has already announced that the labor market is its primary focus at the moment. Bears have mere weeks left, and the on-chain data shows it.
Solana's active addresses hit an ATH recently with 5.4 million wallets on September 9th. This is the highest daily active address count ever recorded in blockchain history, and while the CPI is mainly noise at this point after the FED switched its mandate, this is an actual signal.
Economic activity is thriving on Solana, and now is the time to load up on the best meme coins before price action catches up with fundamentals. Here are the top 3 SOL meme coins to buy today.
Solana Active Addresses Hits 5.4 Million
The data speaks for itself. Solana recorded the highest number of daily active addresses of all blockchains on September 9th. Daily active addresses is arguably the best metric and signal of where people are active and where retail users will be onboarded. Hitting an ATH while fear is in the air makes it even more impressive.
While the layer one trade will not be as ruthlessly dominant as it was in the last cycle, it is clear that Solana has won the L1 race. The coming months will be a rude awakening for anyone underexposed to SOL, and the best catch-up trade is higher betas. Meme coins on Solana will massively outpace the native SOL token because they have smaller market caps. Here are your best options.
Poodlana: The King Of Fashion
Poodlana has quickly become a household name, and New York Fashion Week has supercharged interest in POODL. With London, Milan, and Paris Fashion Week all coming in quick succession afterward, owning stylish meme coins is in vogue.
Branded as the ‘Hermès of Crypto,’ Poodlana has done what few meme coins manage to achieve and stood out from the crowd. Holding POODL is all about investing in glamour and high-end fashion. Already listed on MEXC and BingX, which have more than 10 million active users in aggregate and boast daily spot trading volumes of over $1 billion, Poodlana has everything it needs to soar, including a unique selling angle—high fashion. Millions of new buyers can easily buy the token on a CEX. And most importantly, Poodlana has a community doubling down on its love of all things beautiful and elegant.
POODL is going toe-to-toe with the best of the best, and analysts hinted that it could be the most undervalued meme coin among the top contenders, with a strong chance of running to a $1 billion market cap.
Popcat: Degen’s Favorite Cat
Popcat is every degen’s favorite token and is seen as the highest beta to WIF, which is a high beta to SOL. Like Poodlana, Popcat has managed to stand out from the crowd, and at this stage in the cycle, investors should be compounding their holdings into established winners instead of gambling on the new pump.fun launches.
These tokens, which have succeeded in drawing attention, will begin monopolizing liquidity, and capital should be highly concentrated among them.
Dogwifhat: Will It Flip SHIB This Cycle?
Dogwifhat is this cycle’s leading meme coin and kickstarted the SOL-native meme coin craze. Everyone knows that WIF will perform well this cycle. The only question remaining is whether it can flip SHIB.
Analysts have consistently warned meme coin traders to keep a cool head, and when the new generation started flipping the old guard, it reminded investors it would be a good sign to start taking some profits. Undoubtedly, POODL, POPCAT, and WIF are the best meme coins to own before the next leg of mania kicks in.
For more details, visit the Poodlana website
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The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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