Following the notable success of various tokens introduced on the blockchain in 2023, Solana meme coins have established themselves as a significant aspect of the crypto investment landscape. With notable mentions like Dogwifhat, BONK, and POPCAT delivering substantial returns for investors, there’s a growing interest in discovering additional tokens that might achieve similar success. Here’s a selection of three promising Solana meme coins that could potentially experience a 500% surge from their current valuations.
MYRO: Still a Contender Among Solana Meme Coins
The price of MYRO has struggled to keep pace with other prominent Solana meme coins like BONK and Dogwifhat. Notably, MYRO’s price had previously mirrored the upward trajectory of Dogwifhat but faced a sharper decline. This prompted MYRO’s price to drop below $70 million as the market grappled with these fluctuations, as reported by CoinGecko data.
Despite the recent downturn, the MYRO token remains promising. With its daily trading volume averaging around $10 million, it indicates sustained investor interest in the Solana meme coin sector. Additionally, MYRO has secured listings on leading platforms like Binance Perps and ByBit for spot and perpetual trading.
When the bull market for Solana meme coins resumes, expectations are high for MYRO, a dog-themed meme coin. Should it reach its previous all-time high of $0.44, it could see a remarkable 900% rally, showcasing its potential.
WEN: Still in the Solana Meme Coin Game
The WEN token gained recognition after a substantial airdrop to Solana users on multiple decentralized exchanges. This initiative propelled the meme coin to new heights, peaking at $0.00051, which translated to a $510 million market cap.
Following a significant decline, WEN’s price has plummeted by 83.6%, positioning it favorably for investment opportunities. Similar to MYRO, a resurgence to its all-time high could yield a 900% profit for investors. If Solana reaches a new all-time peak, WEN’s price might ascend to $1 billion before the excitement winds down.
PENG: A Unique Addition to the Solana Meme Coin Scene
The PENG meme coin is among the Solana meme coins that thrived earlier this year. It distinguished itself by steering away from the more traditional dog and cat-themed meme coins prevalent on the Solana blockchain. Featuring a Penguin as its mascot, the token gained a solid following, reaching a peak of $2.14 for a market cap exceeding $210 million before facing a downturn.
Currently, the PENG meme coin is trading more than 94% below its all-time high, suggesting that a recovery to this peak could result in an over 1,000% increase. This presents an appealing opportunity for investors searching for lesser-known Solana meme coins to consider.
Featured image created with Dall.E, chart from Tradingview.com
