According to data from CoinGecko, Dogwifhat (WIF) is outperforming most top meme coins in the market over the past 24 hours. Meanwhile, new Solana meme coin Solciety (SLCTY) has reached $550k in presale as interest skyrockets.

Here’s a price forecast for WIF and what that could mean for Solciety.

Dogwifhat surges as meme coins rebound

With nearly 10% gains in the period at the time of writing, WIF is outshining Dogecoin, Shiba Inu, Pepe, Bonk and Floki.

Dogwifhat is also the top performing meme on Solana in the past 24 hours and its $566 million trading volume exceeds that of top meme coin DOGE.

The surge on WIF price comes as the altcoin market signaled a potential recovery as prices echoed BTC’s upside.

Analysts at market intelligence platform Santiment recently pointed to negative sentiment and Bitcoin’s low RSI as likely indicators of a fresh bounce. While WIF remains negative over the past month, bulls breaking above $2.50 could reignite interest and allow buyers to dominate the market.

WIF price is up 45% in the past week and a similar trajectory in coming weeks could see the meme coin closer to the all-time high of $4.83 reached in March.

Solciety – the new SOL meme eyeing PolitiFi dominance

Solciety is a new meme coin on Solana that’s already creating waves in the PolitiFi space.

After opening its presale on June 18, the project has quickly attracted over $550,000 from early investors eyeing a potential gem.

As the 15-stage presale picks momentum, it’s inevitable the kind of interest Solciety is garnering could see it become the next top Solana meme coin. Dubbed the “political party for degens,” Solciety enters the market as investors eye meme coin summer and as political heat intensifies ahead of US 2024 election.

What sets Solciety apart from  other PolitiFi tokens?

Constitution DAO (PEOPLE), MAGA (TRUMP) and Jeo Boden (BODEN) are currently among the top PolitiFi tokens, which have seen decent gains as investors savour the mix of politics and memes.

While parody, viral moments and satire drive these and other projects, Solciety enters the ecosystem with a novel approach likely to propel it well above the rest.

Meme Campaigner is Solciety’s meme creation tool that allows the community to leverage satire and hype to create memes based on over 200 traits. As the presale gains traction, so will the memes and Solciety’s community.

Solciety price: How high can SLCTY go?

Solciety is for everyone – not aligned with any political divide – and that means the potential to dominate the entire PolitiFi market. The fact is that meme coins are its community, and what Solciety promises suggests the next few months could be huge for its SLCTY token.

Solana’s growth trajectory, cryptocurrency adoption and PolitiFi meme coins are huge trends today and SLCTY will benefit from all.

According to CoinGecko, the meme coins market is $53 billion today, while Solana meme coins market cap is at $7.5 billion.

Meanwhile, the fast-growing PolitiFi sector is just over $1 billion. Growth for the entire market could see Solciety hit and surpass levels that WIF and other top meme coins have reached during the bull market.

A look at MAGA price shows the token is up 585x since its lows of $0.01136 in October, while PEOPLE has soared over 101x. WIF, the breakout Solana meme coin, saw a 1,450x move from $0.001555 in December.

The SLCTY token’s current price of $0.002222 in stage 4 of the presale may therefore offer an opportunity for early birds.

Learn more about Solciety (SLCTY) on the official website.

The post WIF leads as SOL meme coins gain: Is Solciety the next to explode? appeared first on CoinJournal.

WIF leads as SOL meme coins gain: Is Solciety the next to explode?