• The Solana meme coin has been doing properly this yr and gaining market share.

• Builders are turning to Solana due to its excessive speeds and low value.

• Tequila (JULIO) hopes to be the subsequent massive factor within the meme coin trade.

Solana Meme cash have been doing properly this yr, turning into the largest rival to Ethereum cash reminiscent of Pepe and Shiba Inu. Dogwifhat (WIF) has turn into the fourth largest meme coin on the earth, whereas Bonk and E book of Meme proceed to achieve market share.

Extra Solana meme cash are being launched to capitalize on this pattern. One of the crucial anticipated is Tequila (JULIO)The truthful will launch on July tenth.

Why the Solana meme coin is profitable

The Solana meme coin has been the perfect performing asset within the cryptocurrency trade this yr. This occurred as Solana grew to become the perfect various to the Ethereum ecosystem.

There are three important causes for this: First, Solana is understood for its sooner transaction speeds in comparison with Ethereum and BNB Chain: Solana can course of over 2,000 transactions per second (TPS), whereas Ethereum can solely course of lower than 50.

Secondly, Solana is understood for its scalability as it’s designed to develop in line with Moore's Legislation, that means that because the computing trade advances, so will Solana.

Third, Solana's prices are considerably decrease than Ethereum and different widespread Layer 1 networks. Solana processes many transactions for just some cents. A great instance of that is the whole charges this yr: Ethereum has collected over $1.4 billion in charges this yr, whereas Solana has made lower than $300 million.

Moreover, there was a number of hype surrounding the success of Solana dApps this yr, with decentralized exchanges (DEXs) reminiscent of Raydium, Jupiter, and Orca persistently rating among the many high 10 largest DEX networks within the trade, and the Solana meme coin has additionally been getting a number of consideration this yr.

Tequila hopes to turn into Solana's key meme coin

Over the previous few weeks, the Solana ecosystem has seen the emergence of a number of beverage-related tokens. Beercoin and Water didn’t fare significantly better, with stakeholders promoting off their tokens shortly after launch, leading to important losses.

Tequila, a preferred drink originating from Mexico, is anticipated to be the most important beverage-themed token on the Solana ecosystem. That is notable as a result of position tequila performs within the beverage trade: In 2023, Mexico shipped over 400 million liters and generated over $32 billion in income.

Tequila is not going to be conducting a typical token sale. As an alternative, it’ll have a good launch on July tenth, the place all tokens shall be issued instantly. After that, the builders will start advertising and marketing efforts and hope to listing on main platforms reminiscent of CoinMarketCap and CoinGecko.

This course of is anticipated to be adopted by itemizing on main centralized exchanges and internet hosting a tequila-themed social gathering. Sooner or later, builders will work on launching utility options for the JULIO token, together with a Layer 3 community. Tequila (JULIO) right here.