BOME increased 1,000 times in three days, Solana chain went completely crazy

The Solana chain has not been so crazy for a long time. Recently, the SOL token has been soaring and breaking through the previous bull market high seems to be within reach.

Although I sold out part of my SOL position near $100, I still kept more than half of my position.

In the last bull market cycle, ETH rose from US$80 to US$4,800. In this cycle, SOL will rise from US$8 to US$480, which is not too much!

Below I have selected 4 leading projects in the current Solana chain ecology. If you feel that the short-term increase is too high, you can wait for the correction before entering:

1、$PYTH PythNetwork

Pyth Network is the largest oracle project in the Solana ecosystem, benchmarking Chainlink, the leader in the ETH chain with a market value of tens of billions.

Pyth provides real-time market data for cryptocurrencies, stocks, forex, and commodities to over 50 blockchains.

More than 95 major market players, including Jane Street, CBOE, Binance, OKX, and Bybit, contribute data to the network.

Benchmark Chainlink, the latest research report on PYTH

Key indicators:

• Price: $1.04

• Market cap: $1.55 billion

• FDV: $10 billion

• Unlocked: 16% of total supply

2、$JTO Jito_sol

Jito is Solana's liquidity staking protocol and a leading project, benchmarking against the popular LIDO liquidity staking protocol on ETH.

On Jito, users stake their SOL and receive liquidity in return for staking JitoSOL tokens.

Key indicators:

• Price: $3.60

• Market cap: $420 million

• FDV: $3.6 billion

• Unlocked: 11.72% of total supply

3、$JUPJupiter

Jupiter is a Solana-based DEX aggregator used to aggregate liquidity for traders seeking the best possible prices with minimal slippage.

Jupiter was originally conceived as a trading engine, and the protocol has since launched a number of different products aimed at different types of users, such as: dollar cost averaging (DCA), limit orders, perpetual trading, and most recently, Launchpad.

Key indicators:

• Price: $1.39

• Market cap: $1.87 billion

• FDV: $13.9 billion

• Unlocked: 13.5% of total supply

4、$RAY Raydium

Rydium is an automated market maker (AMM) and decentralized exchange (DEX) built on the Solana blockchain.

While most AMM DEX’s liquidity is segregated from other platforms, Raydium leverages the liquidity of its pool to place orders on the Serum DEX’s central limit order book.

However, unlike Uniswap on ETH, Rydium also provides new boards for $RAY staking. This function can only be used during the bull market, and it is also one of the important empowerments of $RAY tokens.

Key indicators:

• Price: $2.30

• Market cap: $570 million

• FDV: $1.23 billion

• Unlocked: 46.7% of total supply

Let’s talk about the recently popular BOME token. I believe everyone has heard about it. I am not recommending you to buy it. I am just briefly reviewing the popular gameplay of Meme on the Solana chain so that you can participate appropriately if you have the same opportunity in the future.

The cause is Darkfarms, an artist who specializes in the creation of Pepe Meme pictures. His previous most famous work was the Pepe-themed NFT series SMOWL. Here are some examples of his personal website:

On March 10, Darkfarms began to preview the upcoming Launch project. BOOK OF MEME is a Shitcoin, an updateable electronic magazine, a multi-functional tool for creating Meme, a CC0 Meme painting library, and has all un-Mint JPEGs. Link.

To put it simply, it is preparing to sell a Meme token called $BOME. Although some Meme creation functions have been added, it can be understood as a Meme token.

On March 13, Darkfarms launched a pre-sale. You can participate by sending SOL to the designated Solana address. There is no fixed price for this pre-sale, and all participants in the pre-sale will be allocated tokens in proportion to the SOL they donated.

This is the most original way to play, transfer SOL to his Solana address, and after completion, he will send the corresponding $BOME token.

The original fundraising expectation was only 500-600 SOL, but in the end it exceeded expectations, and a total of 10,131 SOL was raised. This also shows that after the bull market comes, the liquidity of the crypto market is no longer comparable to the bear market.

After the fundraising is successful, things are simple. Darkfarms will add all the SOL raised into the LP pool, with an initial price of $0.0{3}496.

Subsequently, BOME began to spread widely in the Chinese and British communities. Due to its extremely high depth, it can accommodate the entry of a large amount of funds. A large number of buy orders of more than 100 SOLs continued to pour in, driving its price to continue to rise.

At present, BOME has been listed on the Binance spot platform, with a total increase of nearly 1,000 times, and a market value of US$1.7 billion. In just three days, BOME has completed the life of the Meme token.

Friends who often play Meme tokens on the chain know that when a Meme token’s gameplay becomes popular, there will definitely be a series of imitators following it. Several old Meme tokens POGAI and LoserCoin in the domestic circle have already After successfully raising funds and going online, the current token price performance is average.

The FOMO mood in the market is very serious at the moment. To prevent excessive anxiety, I did a search on Twitter after being recommended by a friend. I found a few projects that I liked and donated some SOL to play with. I don’t make any recommendations. There are very big ones. The probability will return to zero!

Tsuki1567

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