APES (APES) is attracting consideration on the Solana blockchain, with its worth surging greater than 200% over the previous week.
This worth explosion caught the eye of retail traders.
In the meantime, a brand new contender known as Base Dawgz (DAWGZ) is ready to launch subsequent week, and early backers consider it may well comply with in APES’ footsteps.
APES surges over 260% after being launched on Solana chain
Asia Pacific Electronics Society There was an enormous buzz on Solana.
The coin was launched on August 19 and has gained over 260% since its preliminary worth.
APES was up 680% at its peak yesterday earlier than falling again over the previous few hours.
Spot buying and selling quantity exceeded $10 million previously 24 hours.
The token now has a sure market cap Nearly $18 million.
That’s fairly good for a meme coin that’s solely 11 days outdated.
Because the identify suggests, APES is a monkey-themed token that leans closely into its “degen” vibe.
Apart from the APES Mini App, which permits gamers to earn tokens by finishing easy duties, it has no actual utility or roadmap.
However that hasn’t stopped traders from flocking in.
Apparently, the official web site additionally notes plans for an upcoming staking app.
So whereas APES could also be booming now, the longer term could also be much more thrilling.
Solana Meme Token Hassle As Bitcoin Slumps Under $60,000
Nonetheless, the remainder of the Solana meme coin scene fares poorly.
WIF and BONK, often the celebrities, had been down round 5% this week, with BOME down 14%.
Even POPCAT barely made a revenue.
General, the outlook for Solana-based tokens is bearish.
Market capitalization of the business has fallen to $6 billion24-hour buying and selling quantity has dropped to $1.1 billion.
However this is not simply Solana’s drawback.
All the crypto market seems shaky, with Bitcoin falling under $60,000, leaving traders anxious.
this Cryptocurrency Fear and Greed IndexFashionable indicators of market sentiment have even entered “concern” territory.
So whereas most meme cash are struggling, APES is clearly swimming in opposition to the tide.
That is one other instance of how cash can generally go in opposition to market developments to an ideal extent.
Multi-Chain Meme Token Dawgz Defies Bearish Sentiment and Will Launch DEX Subsequent Week
Talking of cash difficult present developments, let’s flip our consideration to base dogz.
Regardless of the broader market decline, this new meme coin has been making regular progress.
Base Dawgz will debut on the change subsequent week and pleasure is constructing.
However what’s inflicting a lot concern?
The principle motive is that DAWGZ just isn’t restricted to only one blockchain.
in accordance with Base Dawgz’s White Paperwhich might be out there on Base, Ethereum, Solana, BNB Chain and Avalanche, offering holders with broad entry.
No different meme coin takes this method.
Unsurprisingly, the excitement surrounding DAWGZ’s multi-chain setup was well-received by traders, serving to to lift over $3.2 million within the pre-sale.
Nonetheless, the pre-sale will finish in simply 5 days.
Which means traders solely have a brief time period to acquire DAWGZ tokens on the itemizing worth of $0.008582.
As soon as the token hits exchanges subsequent week, its worth may transfer in both course, which is why traders are collaborating within the presale when attainable.
cryptography professional Clay Brothers It’s anticipated that DAWGZ will “explode” after its itemizing.
analysts are 99 Bitcoin support His optimism is that DAWGZ “would possibly make you a millionaire.”
With APES making headlines and Base Dawgz launching quickly, the meme coin area is proving it is from boring.
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