Solana, once thought to be down for the count after the FTX incident, has made a surprising comeback to once again becoming the forefront on the crypto market. The market expert who previously predicted this comeback now forecasts another meme coin that has a huge potential to skyrocket by up to 2000x in the next few months.
Solana Makes a Comeback, Surpassing $200
Solana has experienced a huge decline due to the FTX incident that previously happened in 2022. But, right now it’s once again surprising the market with its amazing recovery. From $8 billion in previous years, now its market cap has increased to more than $80 billion.Additionally, $SOL daily transactions have increased and have surpassed $2 billion as of the writing of this article. Solana’s durability and promise are demonstrated by the activity that has seen a huge increase and once again making it in the top 5 cryptocurrency positions.
Driven by Memecoin Craze & Halving
The success of Solana’s comeback can be attributed to two important factors. First, there was the surge in popularity of meme coins that began in early 2024 and saw the introduction of many popular SOL meme coins on the network, such as $WIF, $BONK, $BOME, and others. Second, there has been mounting anticipation of the forthcoming Bitcoin bull run following its halving for several months now. Given that Bitcoin itself now has reached a new high of over $70,000, it appears that the whole crypto market is ready to begin a bullish phase. These two components have been crucial in helping Solana regain its position in the industry.
The Hunt for the Next Memecoin Gem
With $HUMP receiving the most attention, Solana has emerged as the hub for traders and investors looking for undiscovered opportunities since its return earlier this year. Its potential is deemed noteworthy in relation to alternative memecoins. Over the past month, $HUMP has outpaced several well-known meme coins, including $DOGE and $SHIB and unlike other coins that saw substantial price drops, it has increased by an astounding 200 times since its launch and has withstood recent market corrections.
$HUMP Has Caught the Attention of Experts and Whales For its Potential
Whales and experts have expressed interest in $HUMP. Experts praise its solid systems and strong basis. Since its launch, whales also have jumped on board and amassed $HUMP. This is clear from the large number of transactions that have been taken from the Dextools platform, with transaction values ranging from $15,000 to $20,000, which suggests that whale activity has begun. Furthermore, the increasing fervor in the cryptocurrency community is reflected in recent performance measures. Since $HUMP launched Raydium and Jupiter on 29 March, this token has attracted and reached more than 6,000 holders, which is a 50% increase. This top SOL meme coin also reached a major milestone on April 6th, when its market capitalization reached $100 million. In addition, after a week, $HUMP was included on well-known websites like Coinmarketcap and Coingecko, demonstrating the intensity of the market.
Predicted to Rise Higher In The Upcoming CEX Listing
Experts foresee significant growth ahead for $HUMP after it has already achieved significant milestones. Its potential is also driven by rumors that it may soon list as one of the top 10 CEX on the market, which will increase its market audience and draw in more potential investors. This enhanced visibility might lead to a spike in demand for $HUMP, which would drive up the price of the cryptocurrency in the coming days.
Conclusion: Could it Hit $1?
Forecasts from experts appear reasonable given its many accomplishments and solid performance since its debut. Given that the price of $HUMP has increased by 200 times, indicating its promising potential, it is possible that it may soon hit $1.
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