Bulls are on parade as Bitcoin (BTC) looks set to make a new all-time high, and Solana meme coin markets are leading the charge, hosting play to countless skyrocket pumps in recent weeks.
This article will provide an analysis of the Solana meme coin market’s current trends and look to see whether a newer crypto presale, Green Bitcoin, represents a more promising investment opportunity at this time.
multiple meme coins can exist on a chain bros – i bought 7 meme coins on solana this morning and nobody was mad that another 7 launched in the span of me buying them
— ΞxcelBaller (@ExcelBaller) March 4, 2024
Indeed, the shift in meme coin development and trading to Solana has been dramatic in recent weeks, with high gas fees on Ethereum pushing activity away onto cheaper blockchains.
Recent weeks have produced a huge number of successful Solana meme coin pumps, including, WIF, SAUDIPEPE, ShibaFork, ELON, and TESLA.
But with that just scratching the surface, let’s dig into the latest major gainers on Solana meme coin markets today.
First up on our list is Alien token (ALIEN), which is currently trading at a market price of $0.005 (representing a 24-hour change of +1,100%).
This comes after Alien token launched at just 11AM (UTC) on March 4, in a move that gained near immediate traction, fuelling an impressive +10,880% initial climb to establish a support zone between $0.0024 and $0.0043.
Well-defended consolidation at these levels then set the stage for another push-up which saw ALIEN price climb an additional +200% to hit an all-time high around $0.008.
All in all, the move was fuelled by an influx of $184k in trading volume, and this has left ALIEN in good form as price undertakes a health retracement down to lower support at
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