Topic: Meme coin caused Solana price to rise by 40% in a week - page 4. (Read 519 times)
The bull run year is too far yet one would have to be very careful in getting into meme like this, especially in SOL which is almost abandoned by investors. If you get in with this game, make sure you are ready to sell even if it doesn't hit yet the ATH base on RSI because it will take a nose dive.
Memecoins are in every platform but there are memecoins that didn't really make noise despite their huge leap. But BONK of SOL is pretty much hyped to make a crowd hype.
Recently a meme coin was launched on Solana network which got a lot of hype. As a result, Solana prices are about 40% up in last one week. Do you think this is good thing or bad thing for solana ? Just a meme coin causing this boost instead of some solid news like good partnerships or adoption in some company.
At least more people will be interested and know about Solana because of the hype of the meme coin. But it is not always good. People will invest in Solana, the hype of the meme coin dies, the price of Solana starts to drop, newbies make huge loss and they will end up calling the whole crypto market a scam. Same goes for investing in that meme coin. And it's more weird that a meme coin is causing the price of Solana to go up. Wouldn't that affect the reputation of Solana negatively? 
Recently a meme coin was launched on Solana network which got a lot of hype. As a result, Solana prices are about 40% up in last one week. Do you think this is good thing or bad thing for solana ? Just a meme coin causing this boost instead of some solid news like good partnerships or adoption in some company.
Any kind of gain through their network is their win. Yes they release an airdrop and we all knew how it will excite the community and solana could gain some positive on that thinking that there will be more free money on that side. Yes bonk gauranteed profit for airdroppers and some are gonna get rekt with the hype. They are still holding on in the midst of a bear market situation. 
We are in a 'bear market' for which all coins are not showing signs of profit then comes this meme coin Bonk and it is going bonkers. It has marketcap of $227 million and up 3,700% in the last 7 days.
This can not last a lot of people will regret going into this 'get rich quick' memecoin. It is called 'The first Solana Dog Coin for the people and by the people' but we have seen this before with memecoins that go on to lose value and fast.
This can not last a lot of people will regret going into this 'get rich quick' memecoin. It is called 'The first Solana Dog Coin for the people and by the people' but we have seen this before with memecoins that go on to lose value and fast.
Recently a meme coin was launched on Solana network which got a lot of hype. As a result, Solana prices are about 40% up in last one week. Do you think this is good thing or bad thing for solana ? Just a meme coin causing this boost instead of some solid news like good partnerships or adoption in some company.
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