Top 5 Solana-Based Altcoins To Watch In 2023-24 That Can Record Massive Gains

Amid a bullish reversal in the cryptocurrency market, the Solana price has successfully regained momentum. Positively, the SOL crypto has added 6.21%

Solana (SOL) price displayed a bullish recovery following the recent market downturn. Notably, SOL’s price surged by 6.21%, accompanied by a 32.02% increase in trading volume. This positive trend sparked optimism among traders, leading to speculation on whether Solana’s altcoins could spearhead the upcoming AltSeason.

With the bull run on the horizon and concerns arising regarding the future prospects of SOL-based altcoins, we delve into the top 5 Solana-based altcoins that are poised to skyrocket during the upcoming months.

1. The Graph (GRT)

GRT price action has been contained within a narrow range between $0.1775 and $0.2325 for a brief period, indicating a weak price movement for the altcoin in the crypto space. However, following the bullish reversal, this AI token surged approximately 5% within the past day with a jump of 42% in trading volume.

The Simple Moving Average (SMA) records a potential positive crossover in the 1D time frame, suggesting a rising bullish sentiment for the Graph price in the crypto space.

Moreover, the MACD displays a rising green histogram, indicating an increase in the buying-over-selling pressure. Further, the averages show a bullish trend, highlighting a positive outlook for the GRT crypto in the coming time.

If the market pushes The Graph token price above the resistance level of $0.2325, the bulls will regain momentum and head toward its high of $0.3550. Conversely, a bearish action could pull the GRT coin price toward its low of $0.1775 this month.

2. Popcat (SOL) (POPCAT)

The POPCAT project is the outcome of a popular meme of a cat named “Oatmeal”. The meme shows the cat’s face comically open forming an “O” shape. This altcoin takes its inspiration from BONK, a Solana-based memecoin that surged over 1,000X since its inception.

Positively, this altcoin jumped 6.28% within the past 24 hours with a change of 6.38% in its trading volume. Moreover, the POPCAT price surged 171.25% within the past seven days and 67.56% over the past 30 days. Notably, the altcoin has a Year-to-Date (YTD) return of 8,176.28%.

With a trading price of $0.672, a circulating supply of 979,973,185 POPCAT, and a total supply of 979,973,221 POPCAT tokens, it successfully secured the 206th position with a market capitalization of $658.62 Million.

3. Dogwifhat (WIF)

Amid increased price volatility in the crypto market, the WIF price successfully regained momentum. This resulted in the memecoin breaking out of its important resistance level at $2.10. Moreover, the dogwifhat price jumped 13.45% within the past day and 48.75% over the past week.

The Relative Strength Index (RSI) displayed a sharp rise toward its mid-point from the oversold range, indicating increased bullish sentiment in the cryptocurrency market. Further, the average shows a positive action, suggesting the WIF crypto will continue gaining value this week.

Positively, with a trading value of $2.301, the dogwifhat price claimed the title of the 4th most successful memecoin with a market capitalization of $2.306 Billion and a total supply of 998,845,828 WIF tokens.

If the crypto market continues trading in favor of bulls, the dogwifhat crypto will prepare to test its upper resistance level of $3.990. However, if the bears regain momentum, the WIF price will drop toward its crucial support level of $1.240.

4. Myro (MYRO)

Launched on the Solana chain in November 2023, the MYRO token is named after the founder of Solana’s founder Raj Gokul’s dog. This memecoin gained significant attention in the crypto market during the Solana buzz in the Q1 of 2024.

With the rising bullish sentiment in the cryptocurrency market, the Myro price added 5.62% to its portfolio within the past day with a trading volume of $22.51 Million, a jump of 16.28%. Moreover, this altcoin surged 14.13% within the past week and has a YTD return of 540.28%.

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