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Top 5 Solana-Based Altcoins to Buy as the Crypto Market Bounces Back

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Release: 2024-08-09 18:27:27
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As Solana quickly reclaims lost levels during the recent crash, the Solana ecosystem explodes. With Solana-based altcoins making a comeback with the SOL

Top 5 Solana-Based Altcoins to Buy as the Crypto Market Bounces Back

As Solana quickly recovers from the recent market crash, several Solana-based altcoins have shown impressive gains. With the SOL price rallying by over 20% in the last seven days, mid-cap and low-cap tokens are rallying even faster.

Here are five Solana-based altcoins that are likely to continue outperforming SOL tokens in the coming months.

1. Helium (HNT)

Being the biggest DePIN crypto and a top Solana-based altcoin, Helium is investors’ top choice for big returns in this market. The HNT Price is down 89% from its all-time high at $56.21 but registered a 23% jump in the last 24 hours.

2. PYTH Network (PYTH)

Known as a Chainlink-killer with super fast speed, PYTH network, a Solana-based project is making waves in the crypto space.

3. SOL-Based DeFi Protocol: JITO (JITO)

With $1.5 Billion in TVL, the liquid staking provider with the power of MEV, JITO is rising ranks in the Solana ecosystem. Further, with a market cap of $341 Million, this Solana-based altcoin shows massive upside potential as a low-cap option.

4. Solana-Based Meme Coin: BONK (BONK)

As meme coins are spearheading the bull run in the crypto world, BONK, a Solana-based altcoin, is a top choice in the meme coin segment. With a market cap of $1.429 Billion, BONK has witnessed an exponential surge since its inception.

5. Solana-Based DEX: Jupiter (JUP)

Finally, ending the list of our must-buy Solana-based altcoins, Jupiter (JUP), a DEX aggregator. With a TVL of $556 Million, the boost in the crypto market could result in a spike in leveraged trading over Jupiter.

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