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Cryptocurrency News Articles
Solana Memecoins Are Starting to Take Over the Market, but Can They Sustain Themselves?
Nov 07, 2024 at 05:00 pm
Solana memecoins are starting to take over from Ethereum-based meme coins in terms of market cap, currently taking three of the top 6 meme coin positions and ETH claiming just two.
Solana memecoins are quickly taking over from their Ethereum-based counterparts in terms of market capitalization, currently occupying three of the top six meme coin positions while ETH claims just two. DogWifHat is the highest-placed of the Solana memecoins but holds the highest year-to-date returns of any top 10 meme coins. This is awesome, but can memecoins sustain themselves?
The next big crypto will easily outshine the Solana memecoins – in fact, all memecoins – and right now the next big crypto seems to be setting itself up to be Rollblock, a new online casino currently in presale.
Rollblock (RBLK): GambleFi token raises hand to be the next big crypto
While Rollblock is setting the stage for the next big crypto, it does so by merging the excitement of online gaming with a sustainable investment structure. Unlike the unpredictable nature of memecoins, Rollblock offers a GambleFi model with real-world utility, delivering a stable revenue sharing system that caters to investors seeking both growth and stability. Positioned as an online casino, Rollblock provides players and token holders with a share of daily revenue, offering a steady passive income—something memecoins simply can’t sustain.
Rollblock’s structure aligns growth with investor rewards in a market brimming with fleeting opportunities, forging a unique ecosystem where success is shared. As memecoins rise and fall, Rollblock’s GambleFi approach could define new standards for what it means to be the next big crypto. Investors are flocking to Rollblock’s presale, securing their stake in a project designed for long-term value.
Solana Memecoins: An overview
Once upon a time, Ethereum dominated the memecoin market, but high gas fees and development difficulty have seen Solana Memecoins making inroads in the ETH-dominated territory. Three of the current top 6 memecoins are Solana memecoins: DogWifHat, BONK, and POPCAT. Ethereum only has two, Shiba Inu and Pepe. To be clear, Ethereum is still leading the race but Solana memecoins are closing in. Memecoins, especially Solana memecoins, can be quite lucrative, however these assets are volatile and can change in the blink of an eye, leaving investors with worthless assets they can’t sell.
DogWifHat (WIF): Best performing meme coin of the year
DogWifHat is not just the best of the Solana memecoin but also the best-performing memecoin this year. In year-to-date figures, DogWifHat delivered an astonishing 43,000%. But that only tells half the story – literally – because DogWifHat has lost half its value since peaking in March.
This is the issue with memecoins. They are the next big crypto winner one day and the next big crypto loser the next. DogWifHat exemplifies this. Getting in early on the right memecoin can deliver multiples of wealth, but if you sell too late, you can lose the farm. While DogWifHat still has a sizable green candle for 2024, there is every chance it will follow all other memecoins and trade at less than 10% of its ATH in the near future. There are better bets.
Conclusion
If timed perfectly, Solana memecoins can be amazing wealth spinners but only if one has a high risk appetite and is willing to go bust. The next big crypto can indeed be a memecoin, but for a much safer bet with more predictable results, Rollblock is the smart choice.
Presale: https://presale.rollblock.io/
Website: https://rollblock.io/
Community: https://t.me/RollblockOfficial
Disclaimer:info@kdj.com
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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