Solana meme coins are trending once again, with Bonk (BONK) and cat in a dogs world (MEW) witnessing price surges over the past few days. Meanwhile and surprisingly, MAGA (TRUMP) coin isn’t faring so well, down by over 53% following recent US election news. Simultaneously, new meme coin Peanut the Squirrel coin’s (PNUT) market capitalization surged to $120 million.
While meme coins are reigniting crypto buyers’ interest, whales continue exploring tokens with advanced features, such as JetBolt (JBOLT), generating growing interest with zero-gas technology. Can Solana meme coins and PNUT keep up their current performance? Will MAGA bounce back from its 50% loss? And why is JetBolt momentum growing? Let’s find out.
Why Solana Meme Coins in the Spotlight this November?
Solana has been home to many top trending meme coins, two of which were Bonk and MEW.
With a press time price of $0.00002181, Bonk climbed by 4.5% and 0.3% over the past week and 24 hours, respectively.
The 2024 US election results and Trump’s pro-crypto stance could have impacted the price of Bitcoin (BTC), which recently saw its new all-time high (ATH) of $76,243. Analysts suggest that BTC's bullish momentum has also aided the surge in prices of other cryptocurrencies, including the trending meme coin Bonk.
Meanwhile, MEW is currently trading at $0.009154, reflecting a notable pump of 34.5% over the past month. According to recent reports, crypto exchange Bitstamp announced that it had added trading support for MEW. Analysts suggest that this update, alongside a market-wide rally, helped boost the MEW token's price.
Why is MAGA Coin’s Falling Despite Trump’s Win?
MAGA was expected to rally after Donald Trump’s victory. This meme coin was named after Trump's popular campaign slogan, “Make America Great Again”. However, the opposite occurred and MAGA dropped by 41.9% in the past week. MAGA is trading at $2.25 as of the time of writing.
Written by seasoned experts, who have over 16 years of experience in Free Zones development. Learn more.
Screenshot of MAGA Coin’s 24-hour price movement taken from the CoinGecko website
Even though Trump’s victory stirred excitement, MAGA’s downtrend suggests that meme coin holders’ interest might be wavering. Some analysts point to the PolitiFi space's downturn of 12.9% as one factor that might have caused MAGA's significant price drop.
JetBolt Presale’s Massive Traction
While a handful of meme coins have become more popular, riding the hype of the US elections, some whales continue seeking fresh altcoins with cutting-edge utilities. One such coin trending that stands out is JetBolt (JBOLT).
This young altcoin bursts onto the crypto scene with an explosive presale. Since its debut in August 2024, JetBolt has sold more than 41 million tokens.
JetBolt’s appeal includes its groundbreaking features, such as zero-gas technology. It empowers users to make transactions without the hassles of expensive gas fees that have long plagued other blockchains.
Aside from this, JetBolt revolutionizes crypto staking with its fun and beginner-friendly platform. JetBolt simplifies crypto staking and makes it engaging with a feature that allows stakers to connect with their friends on the platform.
These distinctive features are drawing in blockchain whales and altcoin users eager to get JBOLT tokens, while JetBolt’s presale perks further enhance its appeal among early adopters. Presale buyers can get as much as 25% more tokens by purchasing JetBolt (JBOLT) tokens in batches or in Alpha Boxes.
Crypto whales are eyeing JetBolt in a new era when crypto buyers' interest in new altcoins with high-tech features is growing as the meme coin craze may soon fizzle out.
What's up with New Meme Coin PNUT’s Momentum?
Trending meme coin PNUT reached a whopping market capitalization of $120 million, days after its launch. As of this writing, PNUT is trading at $0.1188, reflecting a surge of 26.7% over the past 24 hours.
Crypto experts attribute PNUT's recent spike in demand to tech billionaire Elon Musk's mention of "PNUT" in a recent tweet on X. PNUT joins the spotlight of pop culture referencing coins renewing the interest of meme token enthusiasts.
Trending Solana and Election Meme Coins and JetBolt's Presale Surge
The top trending meme coins Bonk, MEW, MAGA, and PNUT offer a glimpse into the powerful influence of hype and external factors like the US elections on a coin’s price trajectory. Yet, the downturn faced meme token MAGA also emphasizes the importance of utility and the rapid changes and unpredictability of such tokens. As a shift takes place in the crypto arena, innovative next-gen coins like JetBolt come into play. In the crypto space that celebrates groundbreaking innovations, JetBolt emerges as one of the young altcoins to watch this November 2024.
Learn more about JetBolt at:
Website: jetbolt.io
Telegram Channel: https://jetbolt.io/telegram
X/Twitter Page: https://x.com/JetBoltOfficial
This write up is not a form of financial advice. Always conduct in-depth research before acquiring any cryptocurrency. All crypto assets carry inherent risks and can be very volatile.
