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 could possibly be the subsequent large factor within the meme coin business.

Meme cash have executed properly this 12 months, as they outperformed most mainstream cash like Bitcoin, Ether, and Ripple. Some, like Pepe and Ebook of Meme (BOME) have surged to a report excessive whereas the whole market cap of all cash has soared to over $60 billion. SolJu, an upcoming Solana meme coin, could possibly be the subsequent large factor within the business.

Why meme cash soared

There are three most important the explanation why meme cash have executed properly this 12 months. First, most of those tokens soared as a way of greed unfold out there. The worry and greed index has largely been within the inexperienced this 12 months as buyers anticipated fee 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 report excessive in March as buyers cheered the approval of Bitcoin ETFs by the Federal Reserve. Since then, these funds have seen inflows of over 800k Bitcoins and the pattern could proceed.

The main focus now shifts to the upcoming approval of Ethereum ETFs. In an announcement final week, Gary Gensler predicted that these approvals will occur later this 12 months. 

Meme cash are inclined to do properly when Bitcoin is prospering due to their cheaper costs. Consequently, most buyers purchase them as a substitute 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 could possibly be the subsequent large factor

Now, focus amongst meme crypto buyers has shifted to SolJu, a brand new Solana meme coin that shall 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 shall be a social platform the place Solju holders will collect and kind a makeshift gathering with beer and meals. 

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

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

After the launch, the builders purpose to spice up its value by means of trade listings, video games, and partnerships within the crypto neighborhood. You may study extra about SolJu right here.