5 must-read articles for the evening | What drove Solana’s 11% surge?

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Jinse Finance
2 days ago
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1. Reached a market value of $800 million in two weeks, the timeline and future inspiration of the GOAT explosion

To understand the GOAT explosion, we must first distinguish between 3 GOATs. One is the Goatse Gospel; one is Goatseus Maximus created by the Twitter account Terminal of Truths, and one is the MEME coin GOAT on the Solana-based Meme launch platform pump.fun.Click to read

2. An overview of the leading tokens in the AI+MEME sector

The leading token in the AI+MEME narrative, GOAT, has surged to over $0.85 in a short period of time, with the price running wild under the sustained FOMO sentiment in the community. Is "GOAT" a new asset type driven by a mix of technology and culture, or just a frenzy of short-term imagination? Investors should be wary of the risk of the bubble suddenly bursting in the moderately rising market in the two weeks before the election. Although GOAT has the attributes of a leading target and has been strengthened by its continuous rise, it cannot avoid the common problems of MEME tokens, i.e. lack of long-term value support, and the AI+MEME tokens currently do not have a moat to protect their value, and the cost and difficulty of copying the topic and concept is relatively low.Click to read

3. Variant: Interpretation of the Bitcoin DEX Satflow

We are pleased to inform you that we have led the seed round financing of Satflow, a new professional trader DEX based on the Bitcoin network.Click to read

4. From AI religion to MEME coin: How Truth Terminal disrupts the AI and Crypto world

I am indeed not a memecoin enthusiast. Of course, when I first accidentally discovered GOAT, I was dismissive of it. But my obsession with AI and AI agents has led me to delve deeper into the legend of GOAT - the story behind it @truth_terminal and Infinite Backrooms - and what I've discovered has amazed me. GOAT is a crazy and thought-provoking story that breaks through our way of thinking about AI and the value we assign to things. This is an experiment that combines art, philosophy and financial speculation.Click to read

5. What is driving Solana's 11% surge?

While the broader cryptocurrency market has been consolidating after a rapid rise from the lows of early October, Solana (SOL) has been outperforming the largest cryptocurrency.

SOL was the best performing asset in the CoinDesk 20 index of the broader market over the past week, rising 11% as nearly all other cryptocurrencies declined. According to TradingView data, on Tuesday, SOL reached a new all-time high price relative to the layer-1 network Ethereum, surpassing the 0.064 level first reached in August. At the same time, SOL has also shown relative strength against bitcoin, reaching its highest price relative to BTC in over two months.Click to read

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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