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The cryptocurrency market is slowly resuming its bullish momentum following a four-month bearish correction. As the altcoins enter the green zone, one major event in the crypto world can bring more hype in the alt season, sending the crypto world into a long bull cycle.
This event is Solana surpassing Ethereum in crucial metrics such as daily active addresses, staking, and DeFi volume.
Recently, there has been a surge in interest in Solana as it approaches the threshold of surpassing Ethereum in crucial metrics such as daily active addresses, staking, and DeFi volume.
This event has the potential to be a major turning point for the cryptocurrency market, as it could mark the beginning of a new bull cycle.
Despite recent upgrades, Ethereum has been facing some headwinds, and the same can be seen in its price action, which has been moving in bearish momentum for over a year now.
However, recently, there has been a shift in momentum, and over the past few months, the price has seen an increase of 130%, approaching the yearly pivot point at $2,460.
Solana has now overtaken Ethereum in terms of total value staked. Over $54.16 billion is currently staked on the Solana network, while $53.83 billion is staked in Ethereum.
As the Solana event hypes up, institutional investors are scouting for the best altcoins to buy now before Solana’s rise triggers a full-blown rally. Here are the top contenders poised to ride the alt season wave.
Bitcoin Pepe (BPEP)
Bitcoin and Solana are both leading the ongoing bull market, but their big market caps limit the upside potential. What if you could bet on both networks’ features in a single project?
Bitcoin Pepe (BPEP) is a layer-2 platform that provides a solution by bringing “Solana on Bitcoin.”
BPEP is the first meme-centric ICO on the Bitcoin network, which means it is now possible to launch meme coins on the Bitcoin network. This is a huge thing because over $2 trillion of BTC’s liquidity is sitting idle as the network lacks the speed and scalability to be a meme launchpad.
However, bringing speed, scalability, and cost efficiency like Solana on Bitcoin, BPEP is turning the largest blockchain network into an efficient meme launchpad.
Bitcoin Pepe is building this infrastructure around the PEP-20 token standard. Consider what ERC-20 accomplished for Ethereum in 2017, leading to the creation of thousands of new tokens and sparking the ICO boom. Now is the time to create the best meme coins on the largest and safest network in the world, creating a fresh trillion-dollar sector.
Strong investor confidence is easily visible as the BPEP presale has already raised $7.9m. Currently priced at just $0.0326 in stage 10 of its presale, this could be the last chance to get in, as the May 31st listing is confirmed, and now rumors are swirling about potential tier 1 listings post-presale.
Official Trump (TRUMP)
TRUMP is a Solana-based meme coin launched in January after President Donald Trump was reappointed as the 47th President of the United States of America on Monday, January 20.
Driven by the massive hype, TRUMP coin has become the biggest meme coin on the Solana network with a market capitalization of $2.7 billion.
Image courtesy: TradingView
The TRUMP coin has been trading in a clear downtrend for the past few months. However, after the announcement of Donald Trump’s dinner meeting exclusive to coin holders, the price broke out, surging 100% in a few days.
The meme coin has now seen selling pressure after the run-up. However, the current price movement indicates that a bullish move is around the corner.
At press time, the TRUMP coin is trading at $0.012, indicating a 76% drop from its all-time high of $0.052 reached in February.
Recently, the cryptocurrency market has seen a surge in interest in Solana as it approaches the threshold of surpassing Ethereum in crucial metrics such as daily active addresses, staking, and DeFi volume.
This event has the potential to be a major turning point for the cryptocurrency market, as it could mark the beginning of a new bull cycle.
Solana has now overtaken Ethereum in terms of total value staked. Over $54.16 billion is currently staked on the Solana network, while $53.83 billion is staked in Ethereum.
Despite recent upgrades, Ethereum has been facing some headwinds, and the same can be seen in its price action, which has been moving in bearish momentum for over a year now.
However, recently, there has been a shift in momentum, and over the past few months, the price has seen an increase of 130%, approaching the
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