According to CryptoPotato, Solana's ecosystem has experienced significant growth in recent months, leading to the emergence of various meme coins. One such coin, Dogwifhat (WIF), has managed to maintain its prominence, with its price surpassing $0.40 in the past 24 hours, representing a surge of over 16%. This increase comes as the broader market recovers, with Bitcoin's price pushing towards $52K at the time of writing.
Solana is also attempting to advance, currently trading just below the crucial $110 level, with a 1% daily increase. The meme coin market, led by Dogecoin and Shiba Inu (SHIB), is also in the green. DOGE has risen by 0.5%, nearing $0.085, while SHIB has recorded a modest 1% increase for the day. It remains to be seen whether this particular segment will gain momentum in the coming days, as meme coins are known for their extreme volatility and rapid fluctuations in value.