Solana meme coins have netted some of the biggest gains out of all cryptos recently, with Dogwifhat (WIF) one of the biggest gainers.
Despite a recent market downturn, WIF is on the up once more, rising over 12% in the past 24 hours.
Another Solana meme coin is also gaining attention, with Snorter token having raised over $350k within less than a week of its presale launch.
Dogwifhat (WIF) Surges 12% Amid Market Rebound
Dogwifhat, a meme coin on the Solana blockchain, has recently seen a notable price increase of around 12% in the past 24 hours, reaching the $1 price level. This follows a period of decline, during which WIF dropped and tested the $0.80 price level, a strong support zone.
Several factors have contributed to this rebound, including market dynamics where the broader crypto market has experienced a shift, with capital moving from Bitcoin to altcoins; technical levels as seen in WIF’s Relative Strength Index (RSI) suggesting the token was oversold, prompting traders to buy; and trading volume that saw an increase of 74% to $435 million in daily volume in WIF, showing renewed interest.
With the WIF price breaking through the descending triangle pattern, we anticipate WIF attempting to break the $1.20 level in the short term. However, this is a strong resistance level, and it could take several attempts to push through.
Whales_Crypto_Trading on X notes that the WIF price has broken through the descending channel pattern and anticipates the price could push toward $2 in the future.
With Bitcoin dominance slipping and Ethereum showing strength, meme tokens like WIF are once again becoming favorites for high-risk, high-reward trades.
However, there’s another Solana meme coin that could outperform dogwifhat this year.
New Solana Meme Coin Presale Off to Strong Start: Will Snorter Explode?
Emerging in the meme coin arena is Snorter (SNORT), a Solana-based meme coin currently in a presale phase. Within days of launch, it has already raised over $370k, showing strong investor interest.
What sets Snorter apart from other meme coins like dogwifhat is that it offers real trading functionality directly within the Telegram chat app. Users can execute trades, set stop-losses, automate snipes on new token launches, and even copy top-performing wallets. All of this is possible without leaving the Telegram app.
Moreover, the Snorter bot utilizes rugpull and honeypot detection, protecting users from scams that are common in the cryptocurrency space.
SNORT is the native token that unlocks valuable perks, like lower trading fees of 0.85%, voting rights, access to advanced bot features, and staking rewards during the presale with a dynamic yield of 820%.
Due to its numerous features, 99Bitcoins, a popular YouTube channel with over 700k subscribers, describes this as the next 10x crypto.
The Snorter bot works on Solana, with plans to expand across Ethereum, BNB, Polygon, and Base. Despite that, the SNORT token is multi-chain, available on Ethereum and Solana, to make it accessible to everyone. As a result, interested investors can buy the token using SOL, ETH, BNB, USDT, or a bank card.
