The cryptocurrency sector is experiencing renewed enthusiasm for
meme
coins, with
Dogecoin
(DOGE) and
Shiba Inu
(SHIB) at the forefront as overall market sentiment improves. Latest figures indicate
DOGE
is priced at $0.2032, marking a 1.5% increase over the week, while
SHIB
jumped 1.8% to $0.00001042, fueled by a record-setting 26,492.5% rise in its burn rate, according to
Benzinga
. Experts point to targeted buying and Ethereum’s (ETH) upward momentum as key drivers, noting that SHIB has historically outperformed when ETH approaches its peak, as highlighted by Benzinga. In contrast,
Pepe
(PEPE) slipped by 0.2%, underscoring the sector’s inherent volatility.
Solana (SOL), which underpins many meme coin projects, is also making significant progress. The network generated $4.67 million in application revenue in the last 24 hours, outpacing
Ethereum
and Binance Smart Chain, as reported by
Coinpedia
. This uptick aligns with a 2% price recovery to $190, attributed to ETF investments and an expanding stablecoin market. Since launching on October 28,
Solana
ETFs have attracted more than $155 million, with Bitwise’s BSOL accounting for $152.5 million, according to
Yahoo Finance
. The same source notes that Solana’s stablecoin reserves grew by $152 million in just one day, reflecting growing institutional trust in its platform.
BONK, the top meme coin on Solana, has attracted attention for its potential to spark the next market rally. Despite dropping 13.04% in the past day,
BONK
retains a $1.05 billion market valuation and robust community support, according to
OpenPR
. Analysts connect its trajectory to the overall health of Solana’s ecosystem, especially its influence in NFTs and gaming. However, attention is gradually shifting to utility tokens such as Remittix (RTX), a PayFi solution that facilitates crypto-to-fiat transfers across chains. With $27.7 million raised in private investment and CertiK certification, Remittix signals a move toward practical blockchain use cases.
Although meme coins dominate the headlines, Solana’s technical strengths are vital for maintaining the current uptrend. Market observers identify $0.18 as a crucial support for DOGE and $200 as a pivotal level for
SOL
, according to analysts. Surpassing these price points could spark increased speculative and institutional interest, especially as ETF inflows and stablecoin liquidity enhance market resilience.
The intersection of speculative excitement and infrastructure development highlights the shifting landscape of crypto. As platforms like Remittix connect traditional finance with Web3, the industry may evolve toward a hybrid approach where meme coins drive engagement and utility tokens provide lasting value. For now, traders are monitoring SHIB’s burn activity, DOGE’s price stability, and Solana’s institutional uptake to anticipate the next stage of this market surge.
