Blockchain

Top Trending Cryptos on Solana – Akita Inu, Honk, Helium Mobile

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The uptrend of assets like Bonk, Dogwifhat, Myro, etc, may have influenced Solana’s performance in the last 24 hours. Among them, Honk emerges as a contender seeking to surpass Solana’s leading meme coin, Bonk, which presently holds a market capitalization of $613 million. Meanwhile, Solana has strategically partnered with Filecoin to enhance its decentralized storage capabilities, aiming to improve reliability and scalability.

Top Trending Cryptos on Solana

By integrating Filecoin’s robust storage solutions, Solana aims to enhance accessibility and utility for infrastructure providers, explorers, and users requiring historical data. This collaboration underscores a shared commitment to future decentralization. Below is a quick overview of the trend in the ecosystem.

1. Akita Inu (AKT)

Akita Inu is a 100% decentralized community experiment. It claims half the tokens were half were locked to a Uniswap pool with the keys burned. Crypto traders with a keen interest in Solana-based assets are following the trends of the Akita Inu as closely as possible.  Data from trading bots like Biticodes reveals rising interest in the token as it reaches the top of today’s trending list.

Furthermore, Akita Inu is traded on 11 cryptocurrency exchanges, including OKX and gate.io. In the last 24 hours, it saw transactions worth $318,110.

Meanwhile, the token’s top-performing year was 2021, witnessing a remarkable 5,176.43% increase in price. Its worst-performing year was 2022, with a price drop of -92.56%. On average, Akita Inu has seen a yearly growth of 1,710.64% over the last four years. The highest gains typically occur in Q2, while the lowest losses are observed in Q3.

With high liquidity based on its market cap, Akita Inu presents opportunities for traders and investors. They are looking to capitalize on its volatility and potential for growth.

2. Honk (HONK)

HONK has recently become available on various crypto exchanges, including Raydium, Orca, Poloniex, Jupiter, and LBank. Moreover, the listings have triggered a surge in buying activity as investors anticipate surprise airdrops in the coming months.

Honk says more exchange listings are on the horizon as the community expands. In addition, the demand for the meme coin continues to grow. The trading volume for HONK has been steadily increasing, indicating a growing interest among investors in the meme coin.

HONK price chart

On the other hand, BONK, another Solana-based meme coin, has declined in price since the debut of HONK. Other Solana-based meme coins are gaining traction and dominating the market hype.

Despite retracing some gains, the price is still trading above 400% of its price at launch, currently valued at $0.01236. The trading volume of HONK is $1,977,504 in the last 24 hours, marking an 80% increase from one day ago. This surge indicates a recent rise in market activity. Also, HONK tokens can be traded on decentralized and centralized crypto exchanges.

3. Helium Mobile (MOBILE)

The Helium Network is a decentralized, blockchain-based wireless infrastructure project revolutionizing connectivity through token incentivization. Leveraging the Solana Blockchain, it offers a unique approach to wireless network deployment and operation.

Meanwhile, the primary token, HNT, powers the network, while IOT and MOBILE tokens support LoRaWAN and 5G networks. The project’s uniqueness lies in its decentralized infrastructure and scalable, secure network foundation.

In addition, it supports various use cases, including IoT and high-speed mobile connectivity. Participants are incentivized through token rewards, fostering network growth and participation.

MOBILE price chart

The MOBILE token serves as the Governance token for the 5G Subnetworks. 5 G Hotspots mine it through data transfer proceeds and Proof of Coverage. Helium Mobile (MOBILE) has experienced a 39.20% price increase in the last seven days. This surge in price positions it as an outperformer compared to the global cryptocurrency market and similar DePIN cryptocurrencies.

Furthermore, its highest price was recorded on December 17, 2023, reaching $ 0.016499, while its lowest was on May 10, 2023, at $ 0.000147. Despite fluctuations, the price prediction sentiment remains bullish, with a Fear & Greed Index showing 76 (Extreme Greed).

Helium Mobile currently has a circulating supply of 82.26B MOBILE out of a max supply of 200.00B MOBILE. Moreover, it trades above the 200-day simple moving average and is available for trading on KuCoin.

4. Kitty Coin (KITTY)

Kitty Coin is a Solana-based meme token that aims to foster the largest community of cat lovers. It leverages the Solana network for fast and cost-effective transactions.

Furthermore, the project focuses on social media contests, airdrops, and giveaways to cultivate a vibrant community. In addition, Holders of $KITTY benefit from a unique reward program, earning KITTY tokens periodically by simply holding them in their wallets.

Despite experiencing fluctuations, Kitty Coin Solana has demonstrated significant growth potential. It reached its highest price on March 26, 2022, at $0.001658, while its lowest price was recorded on November 10, 2022, at $ 0.00003981.

Kitty Coin price chart

Kitty Coin Solana (KITTY) trades on decentralized exchanges, with Raydium being the most popular option. The most active trading pair, KITTY/USDC, recorded a trading volume of $362.02 in the last 24 hours.

Kitty Coin Solana (KITTY) has experienced a remarkable 24.90% price surge in the last seven days. This growth surpasses the global cryptocurrency market’s 7.70% increase and outpaces similar meme cryptocurrencies, which have seen a 5.30% uptick. Such performance highlights KITTY’s resilience and attractiveness to investors amid market fluctuations.

Despite the bearish sentiment, Kitty Coin Solana remains an intriguing asset for investors. Its active community engagement and growth potential make it particularly appealing to those interested in meme tokens and community-driven projects.

What Might Be The Next Top Trending Crypto

Sponge V2 is gradually becoming one of the meme crypto projects to watch this quarter. Its rising social mentions set it apart from the other projects in the category, giving it the much-needed visibility edge.

Launched as an improvement to its successful predecessor, Sponge V2 offers enhanced rewards and a more resilient ecosystem. The project implements a project aiming to revolutionize the market with its innovative approach to transaction fees, staking, and liquidity. It leverages a mechanism that absorbs a small percentage of each transaction to redistribute to its holders. A move that would ensure that investors are rewarded for joining the community early.

In addition, Sponge V2 introduces a play-to-earn game, allowing players to earn tokens and enhance the token’s utility. Central to Sponge V2 is the Stake-to-Bridge model, which enables holders to transition to V2 by staking their V1 tokens. This approach facilitates a seamless shift and rewards loyalty with promising staking rewards.

Also, the project boasts a large and dedicated community poised for significant milestones in 2024. If the community keeps up the current pace, Sponge V2 has the potential for significant growth. Furthermore, it offers enticing opportunities for investors seeking exposure to the meme coin market.

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