Top trending cryptocurrencies on Solana Chain today – AMC, Gamestop, Kitty Coin

adminMay 16, 2024

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Investors welcome the dramatic arrival of altcoin season today following a rise in the price of BTC. After a long decline, the Giant cryptocurrency traded above the $64,000 price range today. Likewise, several altcoins have followed BTC’s trend with impressive gains over the past 24 hours.

Solana and its network assets also saw notable gains. SOL is valued at $151, about 5% higher than yesterday’s record. This article shares updates on: Most popular tokens on Solana Chain.

Most Popular Cryptocurrencies on Solana Chain

Also noteworthy pre-sale projects include SPONGE tokens. Traders who missed the Pepe price action still have the opportunity to win SPONGE tokens. The memecoin rally has yet to spread to most cryptocurrencies in the sector, and this post shares insights on how investors can profit from the sponging trend.

1. GameStop (GME)

Built on the Solana blockchain, the GME meme coin is a nod to the GameStop phenomenon. It embodies the spirit of standing up to entrenched financial powers and championing the resilience of ordinary investors. GME’s core principles revolve around decentralization and democratization, ensuring a fair distribution of influence among holders, rather than concentration in the hands of a select few.

GME price chart

The January 2021 GameStop short squeeze sparked a movement to empower small investors against institutional dominance. GME symbolizes this change and represents a collective challenge from retail investors to the titans of Wall Street. The recent price surge of 52.80% in the last 24 hours and a whopping 3,674.21% in the past week reflects the unwavering enthusiasm and support of the community.

Moreover, with a significant circulating supply and a burgeoning market cap of $132,613,877, GME presents as a viable investment opportunity. Its availability on decentralized and centralized exchanges, especially its popularity on Raydium, highlights its accessibility. Significant trading volume further highlights market acceptance.

New listing notifications
BitMart is like a coin https://t.co/biPCdEwlrs
— GMEonSol 🎮 (@gmecoinsol) May 15, 2024

Meanwhile, the recent increase in trading activity further suggests increased investor interest and potential for future growth. In essence, GME offers investors an opportunity to join a movement that challenges traditional financial norms and strengthens the collective voice of retail investors.

2. Kitty Coin Solana (KITTY)

Kitty Coin, which operates on the Solana network, aims to unite cat lovers around the world through a meme token. Kitty Coin leverages Solana’s fast, cost-effective transactions to create a vibrant community by providing access to $KITTY in your wallet. The project prioritizes community growth through participation in activities such as social media contests and sweepstakes.

As a result, Kitty Coin Solana (KITTY) has surged 88.83% in the last 24 hours. This surge follows an impressive 279.17% increase over the past week, putting KITTY in the spotlight of the cryptocurrency market.

With a circulating supply of 420 million KITTY tokens, Kitty Coin Solana’s market cap is currently at $578,368, marking a significant jump in value. This price surge makes KITTY an outstanding performer on the Sokona network. This outperformed the broader cryptocurrency market (up slightly 0.60%) and similar memetic cryptocurrencies (up 5.60% over the same period).

kitty price chart

Additionally, with Raydium emerging as a platform for purchasing and trading KITTY tokens, traders have flocked to the decentralized exchange. The KITTY/USDC trading pair has been particularly active, boasting a trading volume of $119,015 over the past 24 hours.

Moreover, the recent surge in KITTY’s trading volume, which increased by 40.20% compared to the previous day, indicates a renewed enthusiasm in market activity surrounding the token. Kitty Coin stands out for its stability through consistent trading above the 200-day simple moving average and high liquidity.

3. AMC (AMC)

AMC is a community-driven meme token that aims to empower Wall Street Degeners while fostering long-term community growth. Investors are protected from lug pulls and malicious activity as liquidity pools are 100% burned and $AMC contracts are cancelled.

AMC price chart

With its current price of $0.02162, AMC has experienced a notable price increase of 31.11% over the last 24 hours, with a trading volume of $53,893,678.25. AMC/SOL, which primarily trades on decentralized exchanges such as Raydium, is the most actively traded pair with a trading volume of $49,279,924 over the last 24 hours. Other popular exchanges for AMC trading include Orca and Meteora.

New listing notifications
AMC is for the community https://t.co/1iMSj3b7Zz
– AMC (@AMC0NSOL) May 15, 2024

A surge in trading volume to $53,895,461 in the last 24 hours indicates heightened market activity. Much of AMC’s trading activity is driven by its engaged community and increasing social media engagement. As the team focuses on creating projects that reward wealth to the community, AMC will likely maintain its position as the most popular cryptocurrency coin on the Solana Chain. Moreover, with the start of the memecoin season, there is a possibility that we will see an increase in trading volume in the future.

What will be the next top trending cryptocurrency?

According to a recent post on the official SPONGE Twitter page, project token claims will begin soon. This means that early investors can claim token shares. According to the project website, the token has a market value of $0.001683 at the time of writing, and is still available to investors at a discounted price through the pre-sale page.

What’s more interesting about Sponge is that it offers a 163% return on staked tokens. More information about token claiming can be found on the project’s Twitter handle. The same will be distributed to other social media outlets as well.

Time is almost up, #Sponger! 🧽 😍
that much $sponge #Ticketing It is expected to be finalized by the end of this month, with claims opening at the end of May! 🔥
More information is expected tomorrow. Stay tuned!#SpongeV2 #Cryptocurrency #memecoin pic.twitter.com/ZGbpJDhKW9
— $SPONGE (@spongeoneth) May 14, 2024

Pre-sale buyers who received vials of tokens for the pre-sale offer are the priority group. According to information shared on the Twitter handle, investors can also claim returns from staked SPONGE tokens.

In general, Sponge V2 benefits significantly from the superior performance of V1. This is one of the fastest growing projects in the meme coin category. The project enjoys incredible social media visibility with hundreds of traders and investors joining the community every day. The increased visibility of the project demonstrates SPONGE’s potential to help investors achieve their long-term and short-term investment goals.

In ATH sponge It generated a market capitalization of over $100 million, making it one of the best-performing meme coins at the time. However, V2 is likely to significantly outperform V1 in the long run due to wider publicity and the increased influence of meme coins in the market.

Investors expect Sponge to join the top trending lists along with some of the existing projects in the meme coin sector as the project becomes more mainstream. The project website provides additional information about the staking offer and other essential details.

Visit Sponge Pre-sale