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Thursday, January 5, 2023

A meme coin caused Solana to go up almost 40% in a week, is this good or bad for Solana?

So a certain dog themed meme coin launched on Solana about two weeks ago and has caused it to go up almost 40% in the last week.

Is this a good thing for Solana?

yes the chain is experiencing a lot of transactions and getting a lot of attention from people who maybe hadn't heard of Solana or wouldn't of used it before this meme coin launched but what does it say about the state of a project like Solana if a meme coin can cause this much of a price difference?

look at the last twenty days of Solana, since the dog coin launched the volume on the chain has gone up 400%.

info from messari.io

Volume up 400%

price up 37.5%

Can a Dog coin save Solana? and if it can, is it worth saving?



Submitted January 04, 2023 at 09:00PM by Odlavso https://ift.tt/knxNMoE https://ift.tt/RGtbdrX

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