Solana Memecoin Boom Boosts Rust Developer Demand and Drives Market Surge
YEREVAN (CoinChapter.com) — The best Solana memecoins for August 2024 are MemeLife, Dogwifhat, Bonk, Book of Meme, Cat in a Dogs World, and Myro. These projects offer various features, appealing to diverse SOL memecoin enthusiasts.
MemeLife (MEMELIFE) — Solana Memecoin for Launching Tokens
MemeLife is a new Solana memecoin that uses a Telegram bot for launching tokens. Investors can trade and get real-time data through the bot, while also launching tokens without needing coding skills. The project offers daily revenue sharing, rewarding its community.
The tokenomics are straightforward. Out of 10 billion tokens, 3 billion are allocated for presale. The token price will rise by 900% during the presale, starting at $0.001 and ending at $0.01. Investors outside of Solana can also buy MEMELIFE with ETH, BNB, or USDT.
Dogwifhat (WIF) — Largest Solana Memecoin by Market Cap
Dogwifhat is the largest Solana memecoin by market cap, growing +29333.20% since its launch in late 2023. It features a humorous concept of a “dog wif a hat,” which has gained a substantial following. Dogwifhat has a vibrant community, with over 94,700 followers on X and 47,000 members on Telegram.
The coin is currently trading at $1.70 and has a strong market presence. Dogwifhat is listed on major exchanges and has a market cap of $1.69 billion.
Bonk (BONK) — Second-Largest Solana Memecoin by Market Cap
Bonk, launched in January 2021, is the second-largest memecoin on the Solana network by market cap. Initially Bonk priced at $0.000000109, it reached an all-time high of $0.00004704 in March 2024. Bonk is currently trading at $0.00002089.
Bonk’s market cap is $1.45 billion, with 50% of its supply airdropped to the Solana community. The remaining tokens are allocated for marketing, liquidity, and its DAO. Bonk is available on 37 crypto exchanges, including Kraken, Gate.io, Coinbase, and Binance.
Gigachad (GIGA) — Solana Memecoin Incentivizing Personal Growth
Inspired by the viral Giga Chad meme, Gigachad ($GIGA) is a top Solana memecoin. The meme, known for idealized masculinity, has gained widespread recognition. $GIGA has gained traction, endorsed by figures like UFC fighter Paulo Costa.
The Giga is currently trading at $0.012, up by +11.82% in the last month. Upcoming developments, like the launch of Giga Fitness, promise to drive its value further. Partnerships with influencers aim to expand its reach.
Cat in a Dogs World (MEW) — Cat Memecoin Aiming to Save the World from Dog Coins
Launched in March 2024, Cat in a Dogs World (MEW) quickly gained popularity by challenging the dominance of dog-themed memecoins. With 90% of its liquidity pool burned and 10% allocated for community airdrops, MEW has driven significant engagement.
MEW’s market cap is $608 million, and it is currently trading at $0.0050. The partnership with LOCUS to create a 3D animated series aims to further boost its market presence.
Book of Meme (BOME) — Experimental Project Immortalizing Memes on the Blockchain
Book of Meme (BOME), launched in March 2024, saw a dramatic rise of 1,800% shortly after its release. BOME integrates memes with decentralized storage solutions, creating a digital repository for internet memes. The Book of Meme(BOME) is currently trading at $0.0064, down from an ATH of $0.026.
BOME’s market cap is $469 million, with substantial trading volumes indicating strong market activity. The project continues to attract a strong community, with over 83,000 holders.
Myro (MYRO) — Memecoin Named After the Solana Co-Founder’s Dog
Myro is a memecoin based on the real-life dog of Solana co-founder Raj Gokal. The memecoin aims to make Solana more inclusive and welcoming. Unique features include a Myro trading bot and a staking platform for rewards.
Myro’s market cap is $83.5 million, and it is actively traded on major exchanges like KuCoin, Bybit, and Binance Futures. Analysts predict continued growth for Myro, with significant price targets in the coming years.
Wen (WEN) — Top Solana Memecoin for NFT Enthusiasts
Wen, launched in January 2024, introduces a fractional NFT standard on Solana. Each $WEN token represents a fraction of a love poem to the Wen Bros of the crypto-verse. The Wen price has surged +69.98%, currently trading at $0.000083.
Wen has a substantial following on social media and is actively traded on platforms like MagicSea and DEXs. The coin’s unique approach to NFT ownership has driven its popularity.
Solana Memecoin Frenzy Spurs Job Market Growth
The “Solana memecoin frenzy” has significantly boosted the demand for Rust developers. Rust is the main language used for developing on the Solana blockchain, creating numerous job opportunities for Rust-skilled developers.
The market cap for Solana’s memecoins has reached $7.15 billion, with a 24-hour trading volume of $2.54 billion, compared to $1.2 billion for Ethereum’s layer 2 Base.
This growth has led to a higher number of job openings for Rust developers, with 99 positions currently available on CryptoJobsList, versus 45 for Solidity developers. In the last three months, 32 new Rust-related job postings have been added, contributing to a 109% increase in crypto job postings in July, reaching a 12-month high of 564.
Rising Demand for Rust Developers Spurs Competitive Salaries in Crypto Industry
As the demand for Rust developers rises, salaries are becoming more attractive. According to CryptoJobsList, the average salary for jobs in the cryptocurrency sector is $88,000, with top earners making around $165,000. Gibson mentioned that as Bitcoin approaches $100,000, there could be a surge in hiring, potentially leading to higher salaries for those who stayed in their roles during market downturns.
Neil Dundon, founder of CryptoRecruit, observed a slight decrease in developer role demand but an increase in sales-related positions. Despite this, interest in web3 roles remains high, with many candidates eager to work in the crypto industry.
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