The post Can Solana Based Sad Hamster (HAMMY) Woo The Memecoin Market? appeared on BitcoinEthereumNews.com.

Meme coins have become an integral part of the crypto industry. Several dog-themed cryptos shined in the 2020–21 bull run. Most of those were based on the Ethereum blockchain network, which experts criticize for expensive gas fees and sluggish transaction speed. A new band of meme coins is challenging its Ethereum-based counterparts. Those are emerging gems from the Solana blockchain. Sad Hamster is one of those new gems threatening to overtake the position of dog-themed cryptos.  Why are Solana meme coins gaining more attention from crypto enthusiasts than their Ethereum-based predecessors? Can Sad Hamster become a more profitable pick than DOGE, SHIB, PEPE, or BONK? Keep on reading to find out the answers.  How Did Solana Meme Coins Become a Dominant Force in the Cryptoverse? Solana-based meme coins have undoubtedly emerged as a dominant force in the crypto space. These digital assets have drawn more traders and investors than some well-established players in recent times. The growth of meme coins in the Solana ecosystem has astonished many. Experts believe a few crucial factors make the Solana network a fertile ground for meme coin growth, which include: Explosive Growth Solana offers blazing-fast transaction speed along with scalability. It attracts developers and users seeking better alternatives to the Ethereum blockchain. The Solana ecosystem seems more developer-friendly with its affordable transaction fees. Therefore, many innovative project creators opt for Solana over other options.  Fast and Pocket-friendly Transactions  Meme coins are some of the most affordable cryptocurrencies in the market. The leading meme crypto (in terms of market cap), DOGE, costs only $0.1234 at press time.  Ethereum charges expensive gas fees, which makes it daunting for traders to accumulate considerable profit by trading meme cryptos. Conversely, Solana charges extremely low transaction fees (0.0001 SOL on average), which draws numerous meme coin traders.  Active and…

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Filed under: News - @ July 7, 2024 3:22 pm