CandleFocus Solana surpasses Ethereum and the other crypto thanks to the memecoin
2024-10-24
Author: Content Editor
Solana is outperforming Bitcoin, Ethereum, and other altcoins in the last 30 days, primarily driven by the hype around memecoins. Solana's price has grown by 18.2% in the past month, while Bitcoin has only risen by 6% and Ethereum has seen a -3.4% decrease. The recent surge in Solana's price is also fueled by speculation and on-chain data suggests a continuation of the bull phase. The memecoin trend is attracting capital within the Solana network and draining capital from other chains like Ethereum. Another crypto, SUI, is also experiencing a bullish rally supported by memecoins. Both Solana and SUI are positioning themselves as potential choices for the next bull market.
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