Top Trending Cryptos on Solana Chain Give Fresh Hope to Investors

Even though extreme price fluctuation is the nature of the crypto market, investors generally did not anticipate the current widespread

Despite the inherent volatility of the crypto market, investors largely failed to anticipate the current widespread market realities. Bitcoin’s halving pump apparently failed to materialize, and the ETH ETF did not translate into any price action. Similarly, the much-anticipated alt-season is yet to arrive.

While the general atmosphere in the crypto market remains unpredictable, the Solana chain appears to be taking the lead among the popular networks. The chain maintains its hold on liquidity as the top trending cryptocurrencies on the Solana chain report significant gains in the last 24 hours.

Top Trending Cryptos on Solana ChainPresale crypto projects are also giving fresh hope to investors, as many assets in the category have raised impressive funds in recent weeks. Today’s post covers the presale offering of the 99BTC token, a project that is about to complete the presale offering of its native cryptocurrency, the 99BTC, which has raised over $2.6 million. Further details are included below.

1. Clyde (GUZUTA)

Clyde eyes centralized exchange listing as the new crypto project’s trading volume surpasses $10 million. Clydecoin is a new meme coin that is built on the Solana chain. The platform sports an orange ghost mascot, which originates from the popular Pac-Man game.

The new project achieved impressive popularity within a short time, thanks to the influence of the Solana chain. With a 24-hour price increase of over 100%, GUZUTA made the trending crypto-list today.

At its core, according to its website, the platform aims to build a strong community of degen investors and help its members derive mutual benefit and financial growth. While it does not make any concrete promise of financial returns, the project’s push for visibility and expansion suggests that it might reach a significant valuation in the future.

$GUZUTA $CLYDE IS TOP 1 PAIR ON DEXTOOLS!EVERYDAY, EVERYTIME, WE KEEP WORKING!WE WORK, WE GROW, WE KEEP WORKING, WE KEEP GROWING.Boo👻$SOL #solana #memecoin #cryptocurrency #crypto pic.twitter.com/0QnoeSE8TT

— Clyde (@clydeguzuta0) August 3, 2024

Dextools shows that Clyde has a market cap of $1.9 million today and over 3.7k holders. The project’s transaction volume is not specified, which makes it difficult to rate the activity level on the platform. Nevertheless, Clyde has a DEXTscore of 97, a relatively strong rating from a handful of users.

Furthermore, Clyde’s market data shows a strong prospect of further gains in the future, as its chart clearly shows an increasing uptrend. More importantly, the growing trading volume and the liquidity within the Solana ecosystem validate the project as an upcoming cryptocurrency to watch.

2. Chick (NIB)

Degeners are back in the market as new projects flood the Solana chain once again. The last time such a trend made headlines was in the months leading up to the halving season. However, newly launched projects like the NIB Chick show the degen investing wave is back in play.

NIB was recently listed on a handful of decentralized exchanges and has recorded impressive value gains. A recent post on the project’s official Twitter handle depicts the NIB token’s gains of over 2000% within 24 hours.

Similarly, NIB is among DEXTools’ top gainers today, with a price increase of about 100%. According to the project’s website, NIB Chick is declared the wildest meme token on the block. The project claims it’s out to assemble a community of nonconformist investors who are out to exude unstoppable energy. The project sports a Chick mascot, as the name already suggests.

On the technical analysis side, NIB shows impressive growth trends. However, there might already be a sign of weakness in its uptrend momentum. A look at its DEXTools chart reveals a growing sell-off, which would likely break a key level if there’s no trend reversal in the meantime.

DEX BEING UPDATED NOW!!!

CHICKY CHICKY

— NIB (@nibCTO) August 1, 0224

DEXTools data shows NIB had a $15 million trading volume in the last 24 hours despite a market cap of $2.28 million. The coin also records over 3.13k holders today, an increase of 3% in the last 24 hours. The details of NIB’s number of transactions since inception are currently unavailable. However, the project has over 999.9 Billion tokens in circulation.

Overall, the long-term potential of the coin, despite its trending status, is overshadowed by the current sales that appear on its chart. A return to