Chimpzee Set To Follow Top Solana Meme Coins’ Meteoric Price Rise Following September Launch
The Solana (SOL) blockchain has become the favorite platform for many meme coin launches. Several meme tokens have amassed high price increases on this network in the second part of last year and this one as well.
Following this success story on the SOL blockchain, Chimpzee (CHMPZ) has also announced its plans to expand to the Solana chain, with the potential to follow the rise in price like many meme coins in the ecosystem.
Now, let’s examine how some of the top meme coins on the SOL chain have performed recently. This could give us an idea of how CHMPZ might perform.
What you'll learn 👉
dogwifhat (WIF)
One of the most successful cryptocurrencies on the Solana network is dogwifhat (WIF), launched in late December. Within a few months of its release, the token has had rapid growth. It has quickly become the fourth-largest meme coin and the biggest on the SOL blockchain per market capitalization.
The price of WIF increased by over 2,000% between late December and March, bringing the token to its all-time high of $4.80. Investors have been attracted to the rapid growth of the token, which has helped build its community, with over 90,000 followers on X and more than 10,000 members on Telegram.
The success of WIF is a good example of how meme coins on the Solana network can spike within a very short period and even become the top choice of many crypto investors.
BONK
BONK is another popular cryptocurrency in the Solana meme coin market. It was launched in late 2022. The meme coin also experienced a meteoric rise between November and March, amassing over 2,000%.
The increase in the price of BONK has also impacted its market capitalization, making it the fifth largest meme coin by market cap, with over $1.6 billion.
Book of Memes (BOME)
Also on the list is Book of Memes (BOME), which was launched in March. Despite being a new player on the Solana blockchain, the coin has still been able to achieve a lot, as its price spiked by over 900% shortly after it was launched.
The meme coin has continued to receive increasing attention, with over 80,000 people holding the coin and a progressing market capitalization of around $500 million.
CHMPZ Potential on Solana
Chimpzee is a crypto project that allows its users to earn passive income while saving the environment and animals. The meme coin is currently operating on the Ethereum network with CHMPZ as its native token. It plans to launch on Solana later this year.
Chimpzee’s upcoming launch on the Solana blockchain puts it in a good spot to follow the path of successful meme coins like WIF, BONK, and BOME. Leveraging Solana’s strengths, Chimpzee could see fast growth and price increases like those top coins.
Solana’s fast transactions and low fees could make Chimpzee easier for more people to use, which could further drive CHMPZ adoption rate.
Chimpzee has distinguished itself in the meme coin space by focusing on being eco-friendly and allowing people to earn money. Features like these have the potential to attract more people, maybe even more than the popular Solana meme coins.
The crypto project’s plans to be on both Ethereum and Solana networks could help it reach more people without losing its current users, increasing its accessibility and further strengthening its security.
Aside from that, the team behind the crypto project has also announced that staking opportunities will be provided on Solana upon launch, which can potentially attract more users to CHMPZ, increase demand, encourage long-term holding, and discourage token dumping.
The crypto platform also followed up its upcoming launch on Solana with the promise that it would also be listed on a top Solana decentralized exchange, which might greatly increase Chimpzee’s visibility and allow it to be easily bought and sold.
Chimpzee continuous token burn mechanism could reduce its circulating supply and potentially drive up the token’s value.
To sum things up – its dual purpose, utility value, and being a multichain token also sets it apart in the meme coin space.
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