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Irrespective of the uncertain broader market outlook, the meme coin mania is in full swing. Solana meme coins are once again stealing the spotlight, outshining their Ethereum counterparts.
Plerf is the latest Solana meme coin to explode, surging by 59% on Wednesday, in a span of just 24 hours. The new meme coin also reached a new all-time high of $0.006, thanks to a 24000% surge in its daily trading volume.
Analysts now believe that Smog could be the next Solana meme coin to hit a new all-time high, potentially even reaching a $1 billion market capitalization.
The newest presale meme token Slothana is also selling out quickly in its presale.
Summary
Plerf Meme Coin Surges – Is It The Next Slerf?
As the name suggests, Plerf pays homage to the recent meme coin phenomenon, Slerf.
Slerf took the meme coin market by storm when it skyrocketed by 5000% in a span of a few hours and its trading volume surpassed that of Wrapped Ethereum ($WETH). This meme coin also kickstarted several new trends, including sloth-based meme coins and a new innovative model of presale.
On its X account, Plerf claims to be “the next Slerf”. Indeed, the meme coin is witnessing a strong price rally on Wednesday – however, it is nowhere near replicating Slerf’s meteoric ascent.
Plerf’s market capitalization currently stands at $1.7 million with a trading volume of $2.43 million.
The relatively lower market cap does provide the ideal backdrop for Plerf to deliver outsized returns. However, the possibility of a quick pump-and-dump speculative bubble cannot be ignored as well. The new meme coin has already fallen 43% from its all-time high.
Why Smog Could Be The Next Solana Meme Coin To Explode?
As compared to Plerf, Solana meme coin Smog (SMOG) has impressed investors with its stability. $SMOG’s $155 million market cap is low enough to still deliver significant returns while quelling fears regarding any potential pump-and-dump price action.
The Smog meme coin was launched on February 7th on the Jupiter Exchange. In less than a month, the token skyrocketed by nearly 27,000%, hitting an all-time high of $0.38. The meme coin is currently trading at $0.20 and appears poised for another run at its all-time high.
According to the project’s X account, Smog is set to launch on the MEXC exchange at 6:50 am UTC. This could lead to a surge in its trading volume, potentially resulting in an explosive price rally.
The Season 2 of the highly anticipated Smog airdrop is also set to launch tomorrow on Thursday. Smog promises the “greatest airdrop in Solana history”, aiming to reward over 10,000 holders.
Due to the combination of the airdrop hype and the new CEX launches, Smog could potentially fulfil Jacob Bury’s prediction of delivering 1000x returns after its launch. This would require it to hit a $1 billion market cap, 10x from its current valuation.
Slothana Crypto Presale Hits $7 Million Milestone
While Plerf claimed to be the next Slerf, early hype suggests that Slothana could have a much better chance of accomplishing this feat. In just over a week, the new meme coin has already raised over $7.2 million in its presale.
This new crypto coin is also a sloth-inspired token and has also adopted Slerf’s presale model. Investors can simply send $SOL tokens directly to the project wallet and receive $SLOTH tokens as an airdrop after the presale. The wallet address is EnSawje2vQSQKtGbPYdXEuYKm2sHgeLKJTqCmrDErKEA.
Alternatively, investors can connect their Phantom wallets and swap $SOL for $SLOTH. 1 Solana token will net 10,000 $SLOTH tokens for the duration of the ICO. However, the presale does not have a hard cap and could end with very short notice.
Popular crypto YouTube channel Cryptonews predicts that Slothana could potentially offer 1000x returns after its launch.
*Cryptonomist did not write the article or test the platform.
