By Nermeen Nabil Khear 
Bitcoin has broken through the $100k barrier. Altcoins are starting to wake up. Especially some of our favorite projects. Many are hitting new ATHs. The market overall is very good. And as much as I’m reluctant to say it, because I’m not the biggest fan of memecoins, if you pick the right one, it’s your easiest chance to find a 100x memecoins.
Solana leads in many metrics. However, does that also mean that it leads the whole memecoin sector? Well, not necessarily. That’s why today, I will compare Solana memecoins with Sui memecoins. Which one has the potential to be the market leader or give you the highest returns and be among the 100x memecoins? It’s not a given fact that Solana will be the winner. So, watch until the end and find out which one I pick, and most importantly, why!
The Memecoin Leaders on Each Chain
The current memecoin leaders on each chain are of course of interest. This will give you an idea of how big these memes are. Let’s kick this off with Solana.
Solana 100x Memecoins
1 — Dogwifhat ($WIF). This recently claimed the first spot by overtaking $BONK. It had a strong run over the last two weeks. The current $WIF price is $3.35 with a $3.3 billion market cap. All its tokens are in circulation.
2 — Bonk ($BONK). The Solana OG and savior, when $SOL was down to $8, started back in December 2022. The current $BONK price is $0.00004264. It has a $3.2 billion market cap. Around 80% of all tokens circulate. Over one year, it’s up by 562%.
The BONK DAO BURNmas SUPER thread
The Mission: Burn 1 Trillion $BONK by Christmas
The campaign features BONK burns based on specific engagement criteria.
Here’s how YOU can help The Dog in what will be the largest on-chain community driven burn event in the history of Solana
pic.twitter.com/tcSY5W3vd9
— BONK!!! (@bonk_inu) November 15, 2024
3 — Popcat ($POPCAT) is in 3rd spot. The current $POPCAT price is $1.39 with a $1.3 billion market cap. All tokens circulate.
Sui 100x Memecoins
Now, let’s look at the top Sui memecoins.
1— Sudeng ($HIPPO) takes the top spot. However, it’s not without controversy. It lacks an organic community, like most other Sui memecoins have. Nonetheless, the current $HIPPO price is $0.01519 with a $150 million market cap. All tokens circulate.
2 — MemeFi ($MEMEFI). This is a Telegram tap game that went viral. It claims to have over 50 million users. The current $MEMEFI price is $0.007767 with a $77 million market cap. All its tokens are in circulation.
3 — Blub ($BLUB), my favorite Sui memecoin. It’s one of the meme OGs on Sui. The current $BLUB price is $0.0(6)1438 with a $47 million market cap. All $BLUB tokens circulate, however, it burns quite a few of them.
So, there are plenty more 100x memecoins where they come from, but more on that is coming up right now.
The Sui and Solana Memecoin Sector’s Health
It’s time to look at how healthy the respective memecoin scenes are. I’m going to start this with Solana again.
Solana Memecoins Scene
With Pump.fun, Solana has the biggest number of coins. During late November, it pumped out 40+k new tokens per day. That’s like 30 per minute. So, although that’s an amazing number, it’s also an insane number. It depends on whatever way you prefer to look at this number. See the picture below.
Source: Dune
Out of a total of 4 million tokens from Pump.fun, November alone saw 1 million new tokens. And with this, there also comes a risk.
There’s only a small percentage that actually survives. Almost 98% of Pump.fun’s tokens don’t live longer than a day. Or even less. That’s like only 1,000 tokens per day or less that survive. The rest are either rugs or nobody shows any interest in them.
In the last 24 hours, there has been 19,242 tokens launched on #PumpFun, less than 1,000 of these tokens even make it to #Raydium, and less than 100 of these tokens survive even 24 hours.
Pump fun is used to launch meaningless tokens as creators push to extract as much…
— FomoGuru (@fomoguru) October 30, 2024
So, Solana has the volume, but there’s also a lot of junk there. With such a high volume, the chances of a rug also multiply. If you want to know more about how to find ‘good’ memecoins, watch my dedicated video on this topic.
Sui Memecoins Scene
Now, on to the Sui memecoin sector. This is a much smaller scene, compared to Solana. Also, it is a lot healthier. I’m not saying that there aren’t any rugs on Sui, because there are, but not as many as on Solana. Not by a long shot. So, this is definitely an area where Sui takes the lead.
What Is the Best Memecoins Chain and What Is the Best Memecoin
Looking at all the metrics, Solana seems to be the best chain for memecoins. But is this really the case? Let’s take a closer look.
Solana 100x Memecoins
I already mentioned the high number of new daily tokens on Solana. That’s around 40k per day. Now, although that may sound impressive, it also comes with a serious downside. I talked about the low number of successful tokens. Tokens that make it to Raydium, per day. That number is around 500 per day. That’s only 1.25%. See the picture below.
Source: Dune
There you can see these numbers are not anywhere near impressive. At least, not in my book. So, volume doesn’t mean everything. I prefer quality to quantity. Of course, Solana does have solid memecoins. They have very high market caps, active communities, and good tokenomics.
Here I see a downside as well. Solana’s top memecoins already had a good run and a high market cap. They can still go higher, but the question is, how much?
Last cycle, we saw that when Solana took off, how the memes followed. However, with higher market caps, there’s less room to wiggle.
Sui 100x Memecoins
That brings me to the Sui memecoins. These memes all have a much lower market cap. In other words, once $SUI takes off again, these memes should follow. Maybe not all of them, but a helluva lot of them. So, their potential in getting a 100x out of them is much higher.
The way I see it, is that $SUI hasn’t completed its run yet. That’s why I see Sui as the winning chain here. It’s a lot smaller but has more potential. I may be wrong, for sure, but that’s how I see this play out.
As for the best memecoin, I go again for a Sui meme, and that’s $BLUB. The reasoning is similar to why I picked Sui as the winning chain. There’s more upside potential.
It’s quite possible that a Solana meme will outperform $BLUB, but you can tell me which one that is, according to you.
Disclaimer
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The post Finding The Next 100X Memecoins on SUI and Solana SOL appeared first on Altcoin Buzz.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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