memecoin

“Unstoppable Momentum: Solana’s Memecoin Craze, Backpack’s Beta Triumph, and Starbucks’ NFT Program Shutdown”

Gettyimages 1200508619 2
Welcome to TechCrunch Crypto, formerly known as Chain Reaction. Hello and welcome back to the TechCrunch Crypto newsletter. This week in web3Crunching numbersThis week the crypto market prices were lower, but still relatively strong compared to previous months. Bitcoin was down 6.5% on the week at $67,300 and 32% higher on the month, at the time of publication. This kickstarted her career in web3, data and AI solutions.

Witness the Rise of Memecoins: Solana Leading the Way

Youtube Thumb Text 6
Blockchain is back and Bitcoin is hot, the Ethereum blockchain seeing price gains, lots of folks are stoked about ETFs. But one less-mainstream blockchain is perhaps making the biggest waves in crypto lately: Solana. TechCrunch has reported on Solana’s massive, recent price appreciation, digging into its rapid ascent and the reasons why. The answer is not something new, but instead a return of something that we’ve seen in the past. Not that the Dogwifhat folks are worried — they’re probably too busy having a great time.

“Memecoin Craze Drives Solana to Reach $160 – Its Peak Since January 2022”

Gettyimages 1413376650
The cryptocurrency passed $160 on Wednesday, marking its highest price since January 2022. So it’s not surprising that the growth and traction on its blockchain is also being transpired through to its token. Since mid-December, a number of Shiba Inu dog-themed tokens on the Solana blockchain like Bonk and dogwifhat have taken off. (Please note none of this is financial advice, but one of the reasons that could point to Solana’s price increase.) Memecoins in general have seen a huge rally as the crypto market continues to thaw from its most recent winter.