Missed Pepe and Guide of Meme? SolJu could possibly be the subsequent hit

• Meme cash have a market cap of over $60 billion.

• Tokens like Pepe and Bonk have made many millionaires.

• SolJu could possibly be the subsequent massive factor within the meme coin business.

Meme cash have performed effectively this yr, as they outperformed most mainstream cash like Bitcoin, Ether, and Ripple. Some, like Pepe and Guide of Meme (BOME) have surged to a file excessive whereas the overall market cap of all cash has soared to over $60 billion. SolJu, an upcoming Solana meme coin, could possibly be the subsequent massive factor within the business.

Why meme cash soared

There are three fundamental explanation why meme cash have performed effectively this yr. First, most of those tokens soared as a way of greed unfold out there. The worry and greed index has largely been within the inexperienced this yr as traders anticipated charge cuts by central banks just like the Federal Reserve and the ECB. 

Second, meme cash jumped due to Bitcoin’s efficiency. Bitcoin, the most important crypto on the earth, jumped to a file excessive in March as traders cheered the approval of Bitcoin ETFs by the Federal Reserve. Since then, these funds have seen inflows of over 800k Bitcoins and the pattern could proceed.

The main focus now shifts to the upcoming approval of Ethereum ETFs. In an announcement final week, Gary Gensler predicted that these approvals will occur later this yr. 

Meme cash are likely to do effectively when Bitcoin is prospering due to their cheaper costs. Because of this, most traders purchase them as an alternative of the extremely costly cash like Bitcoin, Litecoin, and Bitcoin Money. 

Moreover, the idea of meme buying and selling has rebounded as evidenced by firms like GameStop and AMC. Additionally, merchants are being incentivised to purchase meme cash by actions in social media.

SolJu could possibly be the subsequent massive factor

Now, focus amongst meme crypto traders has shifted to SolJu, a brand new Solana meme coin that will likely be launched on Tuesday. 

This can be a meme coin that has been impressed by the success of Beercoin, a token whose market cap jumped to over $300 million not too long ago. 

Its title is derived from Sol – for Solana – and Soju, a preferred South Korean spirit. As such, the hope is that the token will likely be a social platform the place Solju holders will collect and type a makeshift gathering with beer and meals. 

SolJu will forego the favored route of a token sale. As an alternative, the builders are planning a good sale, the place all tokens will likely be launched after which the market discovery will assist to find out its worth. 

The preliminary provide of the token will likely be 100 million tokens whereas the preliminary liquidity will likely be $12,000. The beginning worth will likely be $0.00012, giving it room to develop within the coming months.

After the launch, the builders intention to spice up its worth by way of trade listings, video games, and partnerships within the crypto group. You possibly can study extra about SolJu right here.