Solana Surges: Recent Developments of Solana vs XRP, and New Coins Taking Center Stage

Solana’s Climb To The Top

Solana, the high-speed blockchain network, has cemented its position as a major player in the cryptocurrency landscape. Solana (SOL) was on a constant climb and recently surpassed XRP to become the 4th largest cryptocurrency by market capitalization. This achievement isn’t merely a market movement; it reflects the burgeoning ecosystem thriving within the Solana network.

Solana Coin Frenzy: BONK and Dogwifhat Spark Excitement

One of the hottest trends sweeping across Solana is the emergence of meme coins, playfully inspired by popular internet memes. These tokens, like BONK and Dogwifhat, have captured people’s hearts within the crypto community. Here’s more information about these 2 coins:

Bonk (BONK): Launched in late 2022, BONK quickly rose to fame with its Shiba Inu mascot and humorous nature. Built on the Solana blockchain, BONK boasts rapid transaction speeds and low fees, appealing to users who missed out on Dogecoin.

Dogwifhat (WIF): Hot on BONK’s heels, dogwifhat emerged in late 2023, capitalizing on the meme coin trend with its adorable canine sporting a knitted hat. Similar to BONK, Dogwifhat leverages the Solana blockchain’s efficiency and is backed by a passionate community. Its rapid surge in its early months further fueled the Solana meme coin frenzy. 

ApeMax (APEMAX): Another exciting contender emerging quickly in the meme coin space is ApeMax. This meme coin combines a new type of staking called “Boost to Earn” together with a fun meme coin spirit. Similarly to Bonk and WIF, ApeMax is not on Ethereum, but rather than being on the Solana chain, this innovative new meme token is on the BSC chain.

The growing popularity of new meme coins like Bonk, Pepe, and others has propelled the meme coin space altogether. After thorough research of analyzing market trends, we compiled the top new coins that you need to keep your eyes on:

The Ultimate List of Coins for 2024

1. ApeMax (APEMAX)
2. Bonk (BONK)
3. Dogwifhat (WIF)
4. Internet Computer (ICP)
5. Solana (SOL)
6. Celestia (TIA)
7. Stellar (XLM)

1. ApeMax (APEMAX)

ApeMax is a new coin on presale that came out in May 2023 and has now reached 8,500+ holders. It features the world’s first “Boost-to-Earn” staking mechanism, allowing users to “boost” their favorite entities in the Web3 space. Aside from that, ApeMax holders have immediate access to their coins right after purchase, and early adopters are also eligible for discounts through Early Bird Loot Boxes. Since May, ApeMax has had over 3 billion staked tokens. 

2. Dogwifhat (WIF)

Also, within the Solana ecosystem, Dogwifhat (WIF) is tipped by some to be the Bonk-killer. WIF came out of nowhere between November and December 2023 and had an unexpected surge in the crypto market. While it’s the youngest coin on this list, it currently sits at a $219 million market cap and had a price increase of 150% in the past 7 days. 

3. Bonk (BONK)

Born on Christmas Day 2022, BONK, a Solana-based memecoin sporting a Shiba Inu mascot (much like Dogecoin’s), barked its way onto the scene. Fast forward to November and December 2023 when this new coin saw immense growth.

4. Internet Computer (ICP)

While not technically a new coin, ICP had recent positive developments that it’s worth mentioning to be on this list. ICP boasts an ambitious goal: to become the platform of choice for hosting websites and applications directly on its blockchain. ICP is an altcoin that has gained significant traction and had a 37.80% price increase in the past 7 days.

5. Solana (SOL)

Solana, publicly launched in March 2020, is a blockchain platform designed to host decentralized, scalable applications. While Solana was released in 2020, it’s still one of the biggest crypto coins by every measure. Solana currently ranks as the fourth largest cryptocurrency by market capitalization.

6. Stellar (XLM)

XLM takes a different approach. XLM’s goal is to build a payment network optimized for fast and efficient cross-border transactions. As a cross-border transfer and payment system, it aims to reduce transaction costs and delays significantly.

XLM’s current market capitalization is at $3.4 billion. In the past week, Stellar has gone up by over 6% in the past 7 days.

Why are new coins other than Bitcoin getting popular?

People are constantly looking for innovation within the Web3 landscape. While Bitcoin remains the most popular cryptocurrency, newer alternative coins (or altcoins for short), are revolutionizing the crypto space to either solve a problem within the blockchain or adding improvements and new features. Newer coins are a testament to the fact that the future of cryptocurrencies is constantly evolving.

How do I spot new coins? Wrapping up 2024 towards a Bullish Market

The crypto market is vast and can be tricky to navigate. Thankfully, there are ways to find new coins. Data aggregators such as CoinGecko can help you gather statistics and performance about a crypto coin. Then there are social media sites like Discord, Reddit, and X, to help you find trending coins. These are just some of the ways you can discover innovative projects. 

As we usher to the next chapter of our year, the current market is looming to a bullish 2024. With the recent developments in the crypto sphere, it’s important to do your research and understand all the risks before purchasing. Moreover, this article does not serve as a financial guide and does not offer any advice of any kind. For more information about ApeMax, visit the official website for regional restrictions and other eligibility requirements before buying.