Bonk and WIF See Gains as New Solana Meme Coin Generates Bullish Forecasts

5 June 2024

in Solano

Reading Time: 3 mins read

The Solana meme coin market is teetering on its next parabolic rally as Bonk and Dogwifhat notch significant gains today.

Meanwhile, the ecosystem’s presale circuit is also heating up, with emerging contender Sealana ($SEAL) drawing bullish price predictions after raising $3 million.

Bonk and Dogwifhat Surge as Solana Meme Coin Interest Returns

Solana’s front-running meme coins, Bonk and Dogwifhat, have enjoyed substantial gains today, outpacing the market average.

The total crypto market cap is up 2.9%, while the meme coin market cap is up 6.1%. However, the Solana meme coin sector has led the way, up 7.8%.

Meanwhile, Bonk has enjoyed an 8.1% uptick today. And although its price remains down 16% this week, it is up 30% this month. Currently, Bonk is trading at $0.00003465, holding a $2.3 billion market cap and a $688 million 24-hour trading volume, up 44% today.

Analyst Cold Blooded Shiller noted that Bonk has recently begun to recover after a correction and anticipates moving toward its ATH next. From its current price, this provides room for a 26% increase.

Moving to Dogwifthat, it has also outperformed the market average today by 9.5%. However, it remains down 7.3% this week but is up 6.5% this month.

WIF currently has a $3.5 billion market cap and a $684 million 24-hour trading volume, up 18% from the previous day.

Well-known analyst Trader SZ alluded that WIF could surge in the coming weeks, writing “WIF time again” and depicting a Dogwifhat price chart with targets at $3.9 and $4.6.

Meanwhile, Atlas highlights that WIF is forming a cup-and-handle chart pattern and forecasts an explosive upswing toward $7 in the coming weeks.

Evidently, recent price action has stoked tremendously bullish sentiment for Bonk and Dogwifhat. But at the same time, new Solana meme coins are emerging and also vying for big gains. One of the most promising is Sealana, which has been backed to 100x after raising $3 million at presale.

Also Read: Pepe and Bonk Prices Fall As Traders Eye New Meme Coin Opportunity

Analyst Thinks Sealana Will be the Next Meme Coin To 100X

Sealana has entered the market at full pace, with its presale blasting past the $3 million total raised mark in a matter of weeks.

This overshadows the $3 million raised by the presale icon Book of Meme (BOME).

As such, the bar is set high for Sealana, but with a strong narrative and community support, there is every chance it could pull similar success to other Solana heavyweights.

Brimmed with unapologetic Donald Trump references, South Park-inspired antics, and a hilarious origin story, Sealana encapsulates the essence of degen meme coin culture, and the market has taken note.

Alongside its total raise, the project enjoys notable community support on social media. It has over 8K followers on X and posts that garner hundreds of likes and retweets. Sealana also boasts 8K members in its Telegram community.

https://www.youtube.com/watch?v=S3YfUBDoky8

Adding to the excitement, analyst Michael Williams speculates that Sealana could be the next meme coin to 100x.

However, with $3 million in the books and no hard cap announced, the presale could end anytime. As such, prospective buyers should act fast to avoid missing out.

Visit Sealana Presale

DISCLAIMER: THIS IS A SPONSORED POST

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