- Solana's market cap of $37 billion has surpassed that of XRP at $33 billion.
- BNB has a market cap of $41 billion and could face pressure from Solana as its price struggles.
- Memeinator presale is gathering pace as Pepe token stalls.
Solana (SOL) has reached a market cap of $37 billion after surging another 13% in the past 24 hours to hit prices of $87. The gains have helped Solana flip XRP by market cap and could aim for BNB’s 4th spot. Is Memeinator likely to have a similar trajectory and flip Pepe?
Find out more below, including why Memeinator (MMTR) could stand out in the meme coin sector.
Is BNB next after Solana flipped XRP?
Solana has skyrocketed more than 600% in 2023 and is now ranked 5th after flipping XRP that currently trades near $0.61. XRP price is flat on the day and down 2% this past week. It’s market cap is at $33 billion after its value only increased 79% in the past year.
Meanwhile, 4th ranked BNB has a market cap of $41 billion. However, with recent headwinds around Binance, the price of BNB has only increased about 4% in the past month. Year-to-date gains for the native Binance coin has fallen to just 7.7% as price hovers near $260.
BNB could see some bullish action in the short term to retest the resistance zone in the $340 region. But could Solana’s massive upside momentum, which has come amid meme-driven and airdrop activity, going to push SOL’s market cap towards BNB’s?
If the current contrasting market outlook carries on into the next year, Solana could challenge BNB for the top four spot among cryptocurrency’s largest coins by market cap.
Pepe (PEPE) price stalls as challengers emerge
Pepe (PEPE) currently ranks as the fourth-largest meme coin behind Bonk, Shiba Inu and Dogecoin. The token’s market cap is $533 million and was recently flipped by Solana-based Bonk (BONK).
After its meteoric rise earlier in the year, PEPE’s price has declined 70% since its all-time high of $0.00000431. In the past week, the meme coin’s value has dropped 14%. It’s possible that PEPE could see an upside flip as the crypto market bounces higher.
However, with no real utility, it could struggle to replicate the massive gains seen in April and May this year. This is potentially the reason Memeinator, a new crypto meme project looking to offer genuine utility to its community could overtake PEPE after its market debut in 2024.
What is Memeinator?
Memeinator is currently in presale and has galvanized a sizable community around it already. As per details on the presale page, crypto enthusiasts and investors have shown confidence in its future potential by allocating over $2.3 million into MMTR.
Holders of this token will be able to enjoy not just the meme culture that surrounds the 90s movie hit Terminator, but also access real value. Unlike most meme tokens, Memeinator has a great USP that means tokens that rely on hype only may not stand a chance amid Memeinator’s charge towards the $1 billion market cap.
For one, MMTR allows for staking, where holders can lock up their tokens to support Memeinator’s network transactions processing and security. In return they earn a lucrative ROI.
There will also be an AI-powered game Memeinator: Meme Warfare for a play-to-earn ecosystem as well as an NFT marketplace.
The team is also highly engaged with the community, often holding AMA where suggestions to better the project are taken – including the recent one involving MMTR burn and staking. What all these suggests is that Memeinator is building a whole ecosystem driven by the community. The presale distribution of 62.5% of MMTR supply of 1 billion tokens aligns with this vision.
Could Memeinator (MMTR) challenge Pepe (PEPE)?
MMTR is currently priced at $0.0157 in presale, which means taking a position now could offer an 85% gain at the end of the presale. Given its potential and utility, a race to the $1 billion market cap could be on in the second half of next year as weak meme coins fall.
Could Pepe (PEPE) be among those to face a hostile flip from Memeinator? You can join the presale to learn more.
