Missed Pepe and Book of Meme? SolJu could be the next hit

Meme cash have a market cap of over $60 billion.

Tokens like Pepe and Bonk have made many millionaires.

SolJu may very well be the subsequent massive factor within the meme coin trade.

Meme cash have performed effectively this yr, as they outperformed most mainstream cash like Bitcoin, Ether, and Ripple. Some, like Pepe and E-book of Meme (BOME) have surged to a document excessive whereas the whole market cap of all cash has soared to over $60 billion. SolJu, an upcoming Solana meme coin, may very well be the subsequent massive factor within the trade.

Why meme cash soared

There are three most important the explanation why meme cash have performed effectively this yr. First, most of those tokens soared as a way of greed unfold available in the market. The worry and greed index has principally been within the inexperienced this yr as traders anticipated price cuts by central banks just like the Federal Reserve and the ECB. 

Second, meme cash jumped due to Bitcoin’s efficiency. Bitcoin, the most important crypto on the planet, jumped to a document excessive in March as traders cheered the approval of Bitcoin ETFs by the Federal Reserve. Since then, these funds have seen inflows of over 800k Bitcoins and the development could proceed.

The main target now shifts to the upcoming approval of Ethereum ETFs. In a press release final week, Gary Gensler predicted that these approvals will occur later this yr. 

Meme cash are likely to do effectively when Bitcoin is prospering due to their cheaper costs. In consequence, most traders purchase them as an alternative of the extremely costly cash like Bitcoin, Litecoin, and Bitcoin Money. 

Moreover, the idea of meme buying and selling has rebounded as evidenced by corporations like GameStop and AMC. Additionally, merchants are being incentivised to purchase meme cash by actions in social media.

SolJu may very well be the subsequent massive factor

Now, focus amongst meme crypto traders has shifted to SolJu, a brand new Solana meme coin that will likely be launched on Tuesday. 

It is a meme coin that has been impressed by the success of Beercoin, a token whose market cap jumped to over $300 million lately. 

Its title is derived from Sol – for Solana – and Soju, a well-liked South Korean spirit. As such, the hope is that the token will likely be a social platform the place Solju holders will collect and type a makeshift gathering with beer and meals. 

SolJu will forego the favored route of a token sale. As an alternative, the builders are planning a good sale, the place all tokens will likely be launched after which the market discovery will assist to find out its worth. 

The preliminary provide of the token will likely be 100 million tokens whereas the preliminary liquidity will likely be $12,000. The beginning worth will likely be $0.00012, giving it room to develop within the coming months.

After the launch, the builders intention to spice up its worth by change listings, video games, and partnerships within the crypto group. You may be taught extra about SolJu right here.