Another explosive crypto bull run is underway, and Solana meme coins are leading the rally once again.

Fartcoin, Popcat, Dogwifhat, Bonk — there is no shortage of high-upside SOL-based memes to buy.

Another explosive crypto bull run is underway, and Solana meme coins are leading the rally once again. Fartcoin, Popcat, Dogwifhat, Bonk — there is no shortage of high-upside SOL-based memes to buy.

However, considering its relative undervaluation, several analysts believe Dogwifhat to be the best Solana meme coin to buy. The WIF price is still trading 86% below its all-time high, making it an excellent investment for sidelined investors.

However, Dogwifhat price predictions from prominent analysts suggest that the meme coin still faces key resistance levels just above it. Buyers should avoid buying into these levels to invalidate all potential bearish scenarios.

Smart money investors are also buying low-cap Solana meme coins. For instance, Solaxy (SOLX) has raised over $32 million in its ICO, owing to several six-figure investments from whales. Many are viewing it as the next 10x meme coin.

Dogwifhat Price Prediction — How High Can It Go and When To Buy Now?

Dogwifhat is a highly undervalued meme coin, trading 86% below its all-time high.

Since its April 7th macro bottom, the WIF price rallied by nearly 140%, trading as high as $0.72. Despite the market-wide pullback due to profit-taking and a bearish macroeconomic outlook, the popular Solana meme coin secured a monthly close at $0.633, above the key $0.59 – $0.60 resistance zone.

It is now set for a bullish continuation.

The Dogwifhat price has broken out of a falling wedge, while also forming a hidden bullish divergence with its 4-hour RSI, as indicated by the higher low in its price and lower low in RSI.

Sidelined investors had an excellent opportunity to buy WIF on Thursday. Amid the broader market correction, the meme coin perfectly tagged the 0.382 Fibonacci level of its April rally. Data from Stalkchain reveals that smart money investors invested $118k into WIF on Thursday. However, that ship has now sailed.

Interested buyers should now wait for a flip of the $0.72 resistance level, which would create another inverse head-and-shoulders pattern, a strong bullish signal for any meme coin.

Nevertheless, prominent analysts are bullish on WIF’s upside potential. Dogwifhat price prediction from Solberg Invest projects a short-term price target of $1.7. Reaching its macro 0.382 Fibonacci level is also a possibility, which would mean an upswing to $2.

🚨 $WIF BREAKOUT ALERT!

Broke out—$1.7 next? 👀Watch this! 🔥#WIF #CryptoRally #Trading pic.twitter.com/hfWu7pwg5x

— Solberg Invest (@SolbergInvest) May 25, 2024

In the long term, there is a strong possibility that the Dogwifhat price forms a new all-time high, making it one of the best Solana meme coins to buy now.

Solaxy Also Among The Best Solana Meme Coins To Buy Now

Smart money investors aren’t neglecting low-cap Solana meme coins, and neither should the retail traders.

The surging global liquidity indicates that a new bull market has begun, and the risk-on environment has created the ideal backdrop for low-cap gems to deliver 10x to 100x returns once again.

Solaxy (SOLX) has emerged as one such high-upside buy. The new meme coin is seeing six-figure investments from whales which has pushed its presale fundraising to over $32 million in a short time span.

Solaxy is hitting a Supernova! 🔥32M Raised!! 📈📈pic.twitter.com/0oWzeK5vTm

— Solaxy Network (@SolaxyNetwork) May 24, 2024

Solaxy is the first prominent Solana Layer-2 scaling solution, designed to cope with network congestion issues during periods of heavy traffic.

Despite Solana’s branding as a fast and low-cost blockchain, it struggles massively during high demand. During the previous meme coin seasons, Solana saw rising transaction costs, failed transactions and slow finality.

Solaxy’s state-of-the-art Layer-2 solution — which includes ZK rollups, a multi-chain bridge and data availability tools — ensures this isn’t the case.

Considering the high market capitalization of Bitcoin and Ethereum Layer-2 coins, it is no surprise that experts are eyeing significant returns from SOLX. Some are even calling it the next 10x meme coin.

There is also a high possibility that Solaxy