Solfart Token, a newly popular memecoin, is gaining significant momentum. Still in its initial coin offering phase, over 3 million $SOLF coins are selling daily.
With a crypto exchange listing anticipated and a $6 million liquidity pool (as detailed in the whitepaper), it’s predicted to follow the path of the Bonk Inu token. For #XRPArmy followers, however, predictions on how the Solfart token’s market explosion will affect the Ripple Labs native coin are even more of interest — $7 XRP anyone?
Why People Buy Memecoins
Understanding a hyperbolic memecoin’s effects on the overall crypto market is simple. When tokens like Bonk Inu skyrocket in value after an ICO, token presale, or air drop, they drive up investor interest. People from all walks of life join the chase for the wealth generated from memecoin & altcoin trading.
Solfart (SOLF), a memecoin project aiming to organize crowd-funds for marketing and enhance crypto exchange liquidity, is the next cryptocurrency on that hyperbolic trail. With extremely catchy marketing techniques and leadership from a top 20 market cap cryptocurrency, it’s closing in on 4 million token presales daily in its initial coin offering event (here).
Solfart Prediction
Popular Binance News analyst, WisePump, sees the project following historical data of Bonk Inu but with more liquidity. And at a worst-case scenario, there’s a belief that the $SOLF token liquidity pool will reach $180 million in market cap in the first week.
Such a growth in the market capitalization would send the $SOLF token skyrocketing in value by 30x. Each $1000 invested by a trader would become $30,0000.
However, it’s the overall market effects of his prediction that are even more interesting.
History of Solana & Ethereum Blockchains Memecoin Boom
Solfart will be on both the Ethereum & Solana blockchains. The Liquidity pools of each will require that the $SOLF token have millions of dollars in both $ETH and $SOL to secure complete buy and sell trade actions. Those tokens being taken off the market are predicted to double the prices of both Ethereum & Solana coins, with a best-case scenario seeing numbers going even higher over the following year.
The underlying historical data supporting these predictions is from the effects of Bonk Inu (BONK) on Ethereum and Solana in January of 2023, when it first launched. Unbeknownst to many, the hype around the BONK token was so intense that it reeled in billions upon billions of dollars from investors globally to different cryptocurrency brands; a trickle-down effect.
Ripple Labs Missed the Memecoin Season of 2023
Then, however, Ripple Labs was facing challenges with the United States SEC, a pending lawsuit that left the idea of the native coin in limbo. Today, however, that XRP FUD is gone. This will be the first time that $XRP could see a potential ‘market mover’ like the Solfart (SOLF) token.
Today, the market cap of XRP is an estimated USD196.8 billion. Both the Ethereum & Solana coins saw their market caps double with the crypto moonshot of the Bonk Inu token. If Solfart follows that same historical data, coupled with the accelerated momentum of the SEC’s case against Ripple Labs being dropped, XRP’s market cap could more than double to around $700 billion.
XRP Coin Prediction
At $700 billion, the XRP coin’s value would be divided among the total supply to get it’s new value.. Each one of the 700 billion coins minted would be valued at $7.
XRP is already seeing strong bullish signals almost every week currently. Even the 4-hour and 1-day trading charts of Wednesday show XRP Printing a Reversed Head & Shoulders, signaling that America’s strongest cryptocurrency brand is ready to break towards $3.40, possibly before the weekend.
If such data proves accurate, the Solfart token trickle-down could also be an immense payoff.
Forecasted Profits
XRP going to $7 in value from today’s price of $3.31 would be a +111% return on investment.
Although it’s not the 30x ROI $SOLF token presale investors are seeking, the XRP option is a safer route as Ripple’s native coin is already listed on crypto exchanges, making it easier to obtain. Savvy investors are trading in their USDT, ETH, BNB, and SOL coins at Solfart.io to buy the new memecoin; meanwhile, some others are using credit cards.
Over 3 million Solfart ($SOLF) tokens have been sold daily since this past weekend, with presale averages increasing daily.
XRP trading volumes are up nearly 8% today on Binance, the world’s biggest crypto exchange.
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Source: https://coindoo.com/xrp-predictions-point-to-7-if-solfart-solf-token-mc-hits-500m/