Solana has been attracting a lot of attention from crypto enthusiasts lately, as trade volume on its decentralized exchanges (DEXs) has skyrocketed, indicating a high demand for native tokens.
One of the biggest movers on Solana over the past few weeks has been BONK. The meme coin has seen a massive surge in price and volume in the past month, making it one of the top performers on Solana. The asset has also secured listings on Coinbase and Binance.
Investors who have missed out on the BONK rally have kept their eyes peeled for other tokens with similar potential. Crypto Koryo, a data-focused crypto community account, has revealed 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 tokens are not necessarily low-quality, but rather have a lower market capitalization and liquidity than the more established ones.
According to Crypto Koryo, some of the mid-cap tokens that have performed well recently are MOBILE, FONK, HONEY, GUAC, and ORCA. These tokens have a trading volume of $1 million to $600 million in the last 30 days.
The small-cap tokens, which have a trading volume between $100,000 and $1 million include META, POPCAT, RBT, IOT, CHEEMS, ALL, and FOMOFOX.
These small-cap tokens are more speculative and volatile, but also have the potential to deliver high returns, per the analyst. Crypto Koryo advises traders to check the liquidity and recent performance of these tokens before buying.
The micro-cap tokens, which have a trading volume of less than $100,000, are the most risky and rewarding ones. These tokens are for the “hardcore degens” who are willing to take on high slippage, low liquidity, and extreme price swings, according to Crypto Koryo.
Some of the micro-cap tokens that Crypto Koryo mentions are SBONK, RUSH, SANTA, CHADS, DOGGO, Ants, FTT, NINJA, and CAVE. Investors must always do their own research and due diligence before investing in any token, as the crypto market is unpredictable and volatile.