The post How a Meme Coin Slump Could Hurt Solana’s Market Cap, While This $0.20 SOL Rival Eyes $20 appeared on BitcoinEthereumNews.com.

For years, the crypto landscape has been dominated by meme coins—which blossom on internet culture, enthusiasm, and temporary speculation. Celebrated for low transaction costs and scalability, the Solana ecosystem has become a refuge for these meme coins. However, the unsustainability of most meme currencies begs questions about how they might affect the larger Solana market. SOL’s market cap may be greatly reduced if a slump strikes the meme currency industry. However, targeting the $20 price mark, Rexas Finance (RXS), a new competitor for $0.20, is becoming quite aggressive. Meme Coin Frenzy and Its Risks to Solana Solana has attracted many meme coin initiatives with its low-cost transactions and fast blockchain. Although this has driven a temporary increase, many of these coins are rug-pulls, or pump-and-dump operations meant to prey on ordinary investors. These frauds undermine investor confidence; once the bubble collapses, meme coin investors could withdraw their money, reducing Solana’s market capital value, currently $121.7 billion. A decline in meme currency appeal would affect Solana’s token price and its standing as a reliable blockchain platform across the Solana ecology. Solana’s price is $250.12, and its fall has been 6.10% within the past 24 hours alone. Investors seeking alternative initiatives with strong foundations will start reallocating their money away from meme coins—and, by extension, Solana. Rexas Finance (RXS) is a blockchain project that transforms asset tokenization. Why Rexas Finance (RXS) Stands Out Offering a special platform for tokenizing real-world assets, including real estate, commodities, and intellectual property, Rexas Finance is causing waves in the crypto scene. Its presale performance has been quite remarkable. Starting at $0.030 in September 2024, the RXS token has gained 570% to land at its present price of $0.20 in the last presale stage. Setting its official launch date for June 19, 2025, at $0.25, RXS has…

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Filed under: News - @ February 2, 2025 3:23 pm