The main line of this bull market is undoubtedly the MEME ecosystem, with the core concentrated on Solana-based projects. In comparison, other main lines are chaotic and do not have a significant driving effect on ETH.
It is foreseeable that as long as the popularity of MEME does not decrease, the strong performance of Solana will most likely continue. With more capital and users pouring in, the demand for Solana will inevitably further increase, and its price rising along with the tide is also understandable.
However, from a short-term perspective, the market is already approaching a short-term climax, and the MEME sector may undergo an adjustment at any time. For investors who are optimistic about Solana, waiting for a correction may increase the subsequent returns.
Currently, BTC and Solana are undoubtedly the market leaders, and the popularity of MEME culture is also an undeniable phenomenon. Grasping these clear main lines can give you an advantage when the altcoin season arrives!
3 Potential 100x MEME Coins That Are About to Skyrocket!
Doge
Doge is expected to receive major good news, which may trigger a price surge, bringing huge profit opportunities for investors.
On November 19 (Beijing time on the 20th), SpaceX will carry out the launch mission of Starship. This event not only shook the world, but may also have a significant impact on the price of Dogecoin due to Elon Musk's support for it for nearly a month.
As the "unofficial spokesperson" of Dogecoin, Musk's actions often significantly boost market sentiment and attention, and this launch is also expected to bring new growth momentum to Doge. Therefore, it is crucial to position yourself in advance for this potential positive outlook. Driven by optimistic market sentiment, it is not impossible for Dogecoin to break through $1 in the coming months, which means investors may have the opportunity to reap a life-changing return.
BONK has recently hit new highs driven by a plan to burn 10 trillion BONK tokens. User iamkadense posted on the X platform that 7.7 trillion BONK have been burned so far, and the daily burning volume is still increasing.
Recently, in addition to the 1 trillion BONK already burned, it is estimated that another 10 trillion BONK will be burned during the BONKmas period. It is worth noting that these burned tokens will mainly come from applications in the Solana ecosystem that are based on BONK, and the community's burning plan may not be limited to this.
GOAT
GOAT has become the market focus with an amazing 64.12% increase in the past week. Since October, this outstanding meme token has been steadily rising, but to maintain this momentum, it needs to hold the key support level of $0.940. If it falls below this level, its price may drop to $0.666, or even signal the end of the bull market.
It is worth noting that GOAT has attracted the attention of well-known figures including Arthur Hayes, and has also gained the favor of cryptocurrency whales. Last month, a whale withdrew 14,409 Solana from Binance and used these funds to purchase $1.72 million worth of GOAT tokens at an average price of $0.383. This large investment demonstrates the strong interest and high recognition of the market for GOAT.
