Solana craze continues: Investors focused on this altcoin!

Even though the Memecoin craze has shifted to other networks, the demand for Solana does not stop. What is the latest situation for Solana?

The sharp rise of memecoins in the Solana ecosystem has been keeping the market busy for a while. Although crypto investors turn to memecoins on different networks from time to time, the epicenter remains Solana. Solana's DEXs have been one of the biggest beneficiaries of the memecoin trend. Especially the rising star of the last period, Jupiter (JUP), challenged the market with its rise in the last 24 hours.

## Solana network continues to move relevant altcoins up!

Many Solana-related altcoins, especially JUP and JTO, continue their rise. One of the main reasons for this development is that memecoin hunting takes place on DEXs. Thanks to DEXs, buying and selling cryptocurrencies with low market value adds value to the relevant platform day by day. The clearest example of this situation was Jupiter (JUP). JUP, which was launched a few weeks ago, rose from $0.50 to $1.75 in a short time.

The fact that the Memecoin market is so strong will continue to lift the Solana ecosystem. Especially if the BTC and ETH prices remain positive, the transaction volume in the ecosystem will gradually increase. In such a scenario, a continuation of the rise in DEX-based cryptocurrencies can be expected. However, if there are systemic outages, rugpull cases increase significantly, or the memecoin craze decreases, we may enter the opposite process.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should do their own research when making decisions.