3 Contender Solana Meme Coins To Buy That Look Bottomed Out

Solana meme coins are some of the most volatile crypto assets on the market, rising triple-digit percentages only to fall 80% a month later. Nevertheless, these meme coins make the best movers in the market when the bull run kicks off. Bonk, Slerf, Myro, and other Solana meme coins have done well. Like the general market, they have retraced their prices by almost 60–80%. Here are 4 Solana meme coins to buy that look bottomed out.

1. Solana Meme Coins – Bonk (BONK)

Bonk was the first dog coin on the Solana blockchain, and as a first mover, it garnered a lot of attention from investors. The asset rose over 250X to hit an all-time high price of $0.00004547. However, it has retraced over 50% and is trading around $0.00002236. This also represents a 12.6% drop in the last 24 hours. 

BONK has remained resilient despite the market volatility, showcasing why it deserves to be the top dog on Solana. The main Bonk utility is the Bonk trading bot on Telegram. As Bonk ushered the dog season on Solana, Bonk bot became famous as the fastest trading bot on the chain, bringing in revenue and boosting its popularity.  

BONK’s 24-hour trading volume is up 68%, signifying a recent rise in market activity.  The price of BONK surged by 25% on July 9 following a proposal to burn 83.9 billion tokens (approximately . $1.8 million) from the treasury.    

2. Dogwifhat (WIF)

Dogwifhat came a little later after Bonk and the two dog-themed Solana meme coins fought for supremacy. While BONK has a market cap of $1,547,005,835, WIF comes in close by with $1,547,351,429. WIF investors made a killing from the project, making over 3100X in profits since launch. 

The price of WIF today is $1.55, representing a 7% drop in the last 24 hours and a 67% decrease since its all-time high. The 24-hour trading volume of WIF is up 19%, signaling a recent rise in market activity. 

Max Newton, host of the Max Pain Podcast and co-founder of Wallstreet Bets, posted his interview with Bonk founder Vincent Notauste on X to show that there is no hate between the two communities.

As you know I’m part of the $WIF community but been feeling like there’s been a bit too much different communities fighting each other on the TL .

So got the chance to interview the $BONK founder Vincent Notauste. Was a great convo and hope both communities can thrive. Here’s a… pic.twitter.com/CM8xa8Y6W8

— Max Newton (@Max_Newton) July 12, 2024

WIF price is at a crucial support level, and if it falls below $1.50, it may result in further downside movement to $0.33. However, the $1.50 support has been tested twice before and is robust.

When news of Solana ETF filing broke out, WIF was one of the top gainers in the Solana meme coin ecosystem. This shows the token is waiting for some good news to take off.

3. Myro (MYRO)

Myro is a dog-themed Solana meme coin named after the dog of Solana’s founder, Raj Gokal. The hype surrounding the meme coin resulted in a 221X price surge to $0.4428 before dropping 78% to its current price of $0.093.

Myro is more than just a meme coin. Like Bonk, It features MyroBot, a public BuyBot on Telegram that shows trending Solana projects. The 24-hour trading volume for Myro increased by 15%, signaling increasing interest among investors.

The MYRO price has fallen 11% in the last 24 hours and is aiming for further downside to the next support level of around $0.05.

An H1 2024 report by Coinmarketcap on the most popular crypto categories ranked memes first (22.49%), followed by the Solana ecosystem (9.64%).

JUST IN: @CoinMarketCap released the H1 2024 report for the most popular categories.

Meme Coins remained the most popular category, representing 22% share, followed by the Solana ecosystem at 9.64% pic.twitter.com/iNeIPw5bJN

— SolanaFloor (@SolanaFloor) July 2, 2024

Conclusion

Solana price prediction shows the asset may rally soon beyond the $400 mark, especially if the SOL ETF gets approval. MYRO, BONK, and WIF make up the most significant Solana meme coins and may be at the forefront of the ecosystem’s recovery. These contenders appear to have bottomed out, making now an ideal time for investors to load up before the bull run.

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