Notcoin and Dogs Prices Fall Below Key Support Levels Amid Meme Coin Surge
The Solana (SOL) network has experienced significant gains compared to other layer one chains. Retail traders have increasingly supported Solana, especially with the recent launch of TRUMP and MELANIA meme coins.
- Memecoin industry expected to grow for four years, driven by Elon Musk and Donald Trump.
- Solana attracted around $15 million in cash inflows; Ethereum saw a $255 million outflow last week.
- Notcoin and Dogs from Toncoin dropped over 10% following the rise of Solana meme coins.
- Notcoin's price risks falling to $0.0031 if it remains below the support level of $0.0057.
As of now, Solana meme coins have a market cap of approximately $28 billion, with a trading volume of about $49.6 billion.
The anticipated growth of Solana memecoins may signal the beginning of a notable altseason in 2025, as crypto regulations are expected to ease under the new administration.
Toncoin is also building infrastructure for mainstream adoption, currently valued at around $266 million with a stablecoins market cap of about $1.41 billion.