Market Consolidation Amidst Sell Pressure
Major cryptocurrencies are currently experiencing a phase of consolidation during early Thursday trading in Asia. This follows a period of heightened selling pressure that occurred on Monday. However, one notable exception in this trend is Solana (SOL), which has demonstrated remarkable resilience throughout this trading session. Notably, top crypto gainers on Solana decentralized exchanges (DEXs) have been experiencing significant upward momentum.
Solana’s Surge and Meme Coin Revival
Solana has recently benefitted from a resurgence in meme coin trading. This revival has been partially fueled by a sudden surge in interest surrounding AI-related meme coins, particularly following the impressive performance of the Terminal of Truth-linked token, Goateus Maximus. Solana’s price climbed to fresh three-month highs on Wednesday, surpassing $170, and it is now positioning itself for a potential ascent toward yearly highs exceeding $200. As the momentum in Solana continues, we can anticipate that its meme coin market will remain active and vibrant.
Top Crypto Gainers on DEXScreener
For traders engaging in Solana’s ecosystem, several standout crypto gainers on DEXScreener deserve attention today. One of the most remarkable performers is MemesAI (MEMESAI), an AI-themed meme coin inspired by the popular X account, AIHegemonyMemes. In just the past 24 hours, MEMESAI has skyrocketed by an astonishing 2,700%, with its market capitalization hovering around $14.2 million, supported by trading volumes of $21.1 million over the same period. Launched a mere 10 days ago, this token has the potential to replicate the success of Goateus Maximus, which previously commanded a market cap of over $700 million. However, prospective investors should proceed with caution, as this token is highly speculative and could experience a rapid decline in value just as swiftly as it has gained traction.
Child AI and Goatseus Maximus on Ethereum
Another notable AI-themed meme coin gaining traction is Child AI (CHILDAI), which has witnessed a remarkable increase of 500% in the last 24 hours, according to DEXScreener. This token has a market capitalization of approximately $589,000, and whether it can sustain a rise into the millions remains uncertain. As always, investors are encouraged to conduct their own research before committing to any investments.
Additionally, a new version of Goatseus Maximus (GOAT) has recently launched on the Ethereum blockchain, achieving a market cap of $6.3 million. However, this version may lack the authenticity and following of the original coin.
Exploring Meme Coin Presales for Better Opportunities
Given the ephemeral nature of the aforementioned AI meme coins, investors may want to explore alternatives that offer greater stability and potential for growth. Experts from Cryptonews.com have curated a list of meme coins that they believe possess significant upside and longevity prospects. As we move forward, consider reviewing their top recommendations for the best new meme coins to buy in October 2024.