After the launch of several successful tokens on the blockchain in 2023, Solana meme coins have captured the attention of investors in the cryptocurrency world. Notable coins like Dogwifhat, BONK, and POPCAT have shown significant gains, sparking interest in finding other tokens that may offer similar returns. Here’s a summary of three promising Solana meme coins that could potentially rise by 500% from their current values.
MYRO: A Glimmer of Hope in Solana Meme Coins
MYRO has struggled to keep pace with larger Solana meme coins like BONK and Dogwifhat. Initially, MYRO’s price tracked closely with Dogwifhat’s but then faced a sharper decline. As a result, MYRO’s market cap has dropped below $70 million amidst market fluctuations, according to CoinGecko’s data.
Despite recent setbacks, MYRO shows potential, boasting an average daily trading volume of approximately $10 million, which indicates continued investor interest. Additionally, MYRO has been listed on major exchanges like Binance Perps and ByBit.
When the market for Solana meme coins picks up again, MYRO, which is themed around dogs, could rally up to 900%, returning to its peak of $0.44, making it an appealing option for investors.
WEN: A Competitor Among Solana Meme Coins
WEN gained notoriety after distributing a substantial number of tokens to Solana users via airdrops across decentralized exchanges. This promotion helped it surge to a peak price of $0.00051, positioning its market cap at $510 million.
However, after a notable drop, WEN’s price has plummeted by 83.6%, making it an attractive opportunity for potential investors. If WEN can rebound to its all-time high, it could deliver a 900% return. Should Solana achieve new heights, WEN’s market cap could potentially reach $1 billion.
PENG: A Unique Entry in the Meme Coin Scene
PENG is a standout in the Solana meme coin landscape, differentiating itself from the typical dog and cat-themed coins. Utilizing a penguin as its mascot, PENG gained popularity early in the year, reaching $2.14 and surpassing a market cap of $210 million before its downturn.
Currently, PENG is trading over 94% below its all-time high, suggesting a potential recovery could equate to over a 1,000% increase. This makes it an intriguing option for investors seeking lesser-known Solana meme coins to consider.
