The post Top 10 Solana-Based Altcoins for 100x Profits This Altseason appeared first on Coinpedia Fintech News

Solana has surprised everyone by becoming a significant market currency. It is a big name on the list of traders now as it is one of the most profitable blockchains of 2024. People trust Solana as an investment. The total value locked on the Solana blockchain has surpassed $1.3 billion, demonstrating a notable increase in DeFi activity.

This surge in the TVL showcases the growing interest and engagement within the Solana system. The overall trajectory of Solana has been overwhelmingly positive, seeing a remarkable 700% rise since the beginning of the year and a five-fold ascent in the last two months.

This module by Coinpedia highlights the best Solana-based altcoins for 100x profit this year.

What Are Solana Based Altcoins?

2023 was a noteworthy year for Solana’s SOL token! It soared to the yearly high of around $125 around Christmas. Solana blockchain has attracted a lot of attention from investors, and so do the Solana-based altcoins. The Solana ecosystem continues to thrive in 2024, offering promising investment opportunities. We have compiled a list of the top 10 Solana-based altcoins to invest in 2024 for 100x profits!

Top 10 Altcoins On The List

Jupiter:

JUP, the governance token, is linked to the Jupiter platform and allows community members to take part in the system’s governance. Jupiter was the first one to bring GMX-style perpetual futures lately, after first focusing on token swaps. It also intends to launch stablecoin in the near future.  Jupiter is on the list of top tokens to watch out for in 2024 because of its community governance and dedication to security and privacy. The price saw a surge of 126% last year and it surely did better than Bitcoin and Ethereum. It outperformed 79% of the top 100 crypto assets in 2023, thus making a cut to this list. 

Raydium:

We can call Raydium an automated market maker and liquidity provider designed specifically for the Serum DEX on the Solana blockchain! It is unique in approach as instead of following the basic AMM model, it converts deposited funds into limit orders that become a part of Serum’s central limit order book. RAY, the native utility token, has a very major role in the ecosystem. It can be staked to earn protocol fees and participate in staking for IDO allocations. RAY’s price has seen a steep ascent of 1,130% in 2023. It surpassed the performance of 97% of the top 100 crypto assets and outshined Bitcoin and Ethereum as well! This Solana-based token is surely going to steal the show in 2024.

Bonk:

BONK is a Solana based meme coin which stands out for its unmatchable deflationary tokenomics, which states that the supply of BONK decreases over time because of regular burns. The scarcity mechanism is able to drive up the demand, price and value. It has a community driven development model and involves the community in the decision making process. BONK has successfully tapped into the viral nature of the meme space to create an engaging brand image. Its popularity has ensured its position in top 10 Solana based tokens for 100x profits in 2024!

ORCA:

It is an automated market maker DEX with its own liquidity pool. Traders use Orca to swap tokens. It is one of the top Solana projects in 2024 as it allows faster trades that take less than one second. It has main features like token swaps, liquidity pools and yield farming!

ORCA has a total market cap of $203,460,826. The market has bullish sentiments about the token’s performance in 2024. We hope its upward ascent will yield 100x profits in the upcoming bull run.

Realy: 

It is a decentralized marketplace for NFTs. Realy focuses on Street Culture and New Luxury! It aims to connect with the crypto NFT community and onboard real-world assets onto the blockchain realm. REAL, the native token, saw a surge of 119% in the last year. This marks the resilience of the token in the volatile space that crypto is. Outperforming 63% of the top 100 crypto assets, the currency has consistently traded above the 200-day simple moving average, showcasing a positive trend. It boasts of high liquidity, thus making it an attractive choice for investors looking for stability and potential returns. 

Metaplex:

Metaplex is a decentralized system on the Solana blockchain which facilitates the creation, trade, and easy usage of digital assets. The advanced developer tools and SDKs make it easy for developers, especially the new ones , to work with Metaplex. In the last year, the price of MPLX token has surged by an impressive 830%, showcasing remarkable growth that outshines 95% of the top 100 crypto assets. Please note, it has also outperformed both Bitcoin and Ethereum. Additionally, the cryptocurrency has consistently traded above the 200-day simple moving average, indicating a sustained positive trend. These statistics highlight the significant success and positive trajectory of this currency over the past year and make it one of the top 10 Solana coins of our choice!

Solanium:

It is a decentralized platform operating on the Solana blockchain. It offers features for fundraising and trading. It has a DEX UI, staking, wallet management, governance, and a launchpad for new projects. 

The SLIM token can be staked to earn xSLIM, the platform’s governance token. Last year, the price of SLIM experienced a remarkable increase of 1,765%, surpassing the performance of 98% of the top crypto assets. It has outperformed both Bitcoin and Ethereum during the period, isn’t it amazing?

The current sentiment for Solanium’s price prediction is bullish! The current price is $0.205786 with 72 as Greed on the Fear and Greed index. We totally recommend this Solana-based altcoin for your 2024 investment basket.

Serum:

Serum is a DEX and focuses on transforming decentralized finance with high speed and low prices. Serum features a wholly on-chain central limit order book and matching engine, allowing partners to share liquidity for both institutional as well as retail users. The SRM token provides users with fee discounts and voting rights.  It is renowned for its high liquidity, as seen in its market capitalization. It has a strong market presence and a positive sentiment surrounding it. These features make it one of our top 10 Solana-based altcoins for 2024.

Guacamole:

Solana blockchain powers the Guacamole token’s workings. The project integrates digital identity with a modern encryption technique to authenticate transactions and ensure security. It offers a decentralized, dependable, and secure place for online transactions. GUAC tokens can be traded on both, decentralized and centralized exchanges. The most active trading pair is GUAC/ USDT. We see a huge potential in GUAC when it comes to Solana based tokens making commendable profits in 2024.

CoreStarter:

On Solana, CoreStarted is a cross-chain fundraising system with high-yield staking and a dedicated NFT marketplace. It wishes to encourage smaller investors instead of larger ones. It provides a higher APY through the reverse algorithm paradigm. 

CoreStarter is different as it can be integrated with blockchains like Binance, Ethereum, Matic, and Cardano. Due to its functionality, entrepreneurs can easily raise money using a decentralised financial system. Only the best businesses and entrepreneurs are highlighted on CoreStarter’s platform, credits go to a strict project selection procedure. In order to maintain its standards, the project also prioritises authenticity and high-quality programming. It has excellent liquidity according to its market capitalization. The year 2023 was the best for CoreStarter, with a price gain of 11.51% from $0.002901 to $0.003235 and we are hoping for a great 2024 for the coin!

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Filed under: Bitcoin - @ February 26, 2024 12:15 pm