Discover Alternative Mid-Cap Tokens on Solana if You Missed BONK
Solana has recently become a hot topic among cryptocurrency enthusiasts due to the surge in trade volume on its decentralized exchanges (DEXs), indicating a strong demand for native tokens.
One of the standout performers on Solana in recent weeks has been BONK, a meme coin that has experienced a significant increase in price and volume over the past month. BONK has even managed to secure listings on popular cryptocurrency exchanges Coinbase and Binance.
Investors who may have missed out on the BONK rally are now on the lookout for other tokens with similar potential. To help them in their search, Crypto Koryo, a data-focused crypto community account, has created a dashboard that tracks the performance of various Solana tokens.
The dashboard categorizes the tokens into three sections based on their trading volume in the last 30 days: mid-caps, small caps, and micro-caps. These categories are not indicative of the quality of the tokens, but rather their market capitalization and liquidity compared to more established tokens.
According to Crypto Koryo, some of the mid-cap tokens that have shown strong performance recently include MOBILE, FONK, HONEY, GUAC, and ORCA. These tokens have had trading volumes ranging from $1 million to $600 million in the last 30 days.
The small-cap tokens, which have trading volumes between $100,000 and $1 million, include META, POPCAT, RBT, IOT, CHEEMS, ALL, and FOMOFOX. While these tokens are more speculative and volatile, they also have the potential to deliver high returns, according to the analyst. Traders are advised to carefully assess the liquidity and recent performance of these tokens before making any investments.
The most risky and potentially rewarding tokens are the micro-cap tokens, which have trading volumes of less than $100,000. These tokens are geared towards “hardcore degens” who are willing to take on high slippage, low liquidity, and extreme price swings, as described by Crypto Koryo.
Some of the micro-cap tokens highlighted by Crypto Koryo include SBONK, RUSH, SANTA, CHADS, DOGGO, Ants, FTT, NINJA, and CAVE. However, it’s important for investors to conduct their own research and due diligence before investing in any token, as the crypto market is known for its unpredictability and volatility.
In conclusion, Solana’s DEXs have been witnessing a surge in trade volume, indicating a high demand for native tokens. BONK has been one of the top performers on the platform, with its price and volume skyrocketing. Crypto Koryo’s dashboard provides valuable insights into the performance of various Solana tokens, categorizing them based on trading volume. Investors are urged to carefully consider the liquidity and recent performance of these tokens before making any investment decisions.
