SOLAMA just claimed the number one spot in terms of daily price gain as its price surged around 60% in just 24 hours.

The price gain has made SOLAMA known as it beats other rising meme coins including POPCAT and SHARBI.

SOLAMA Ranked 1 Among Meme Coins

The price gain occurred yesterday after the team behind SOLAMA announced a new bullish sentiment that caught the attention of many meme coin traders.

The news was published on Twitter, where the team announced that it plans to list SOLAMA on new centralized exchanges.

These new exchanges have not been announced yet, however, the team has given hints that the exchanges will be among the bigger ones.

It seems to copy the strategy of BOME who had similar publications before the price surged significantly in a short time.

But, the team behind SOLAMA preferred to be compared to DOGE as they stated that “buying SOLAMA is like buying DOGE in 2016” referring to the potential price gain that might be experienced by SOLAMA due to its similar movements to DOGE from 2016 until now.

There were no other reasons behind this price surge other than the new listing news, which is still pretty vague, considering that the exchanges have not been mentioned yet.

Traders in the Solana Ecosystem do not seem to care, as they immediately bought up a bunch of SOLAMA, evidently increasing SOLAMA’s daily transaction volume to more than $5 Million.

Potential Price Gain

This prompted a new narrative that SOLAMA will be the newest crypto that will experience a significant price surge, similar to WIF a couple of months back.

Traders are capitalizing on this prediction by buying up a lot of SOLAMA, which in turn has brought its price to what is currently.

SOLAMA’s Daily Price Chart / Source: Bitrue

SOLAMA is currently sitting at around $0.038 which is a good sign considering how bad it was doing a couple of weeks ago.

This new price surge confirmed the break out of the downward trend, which might result in a reversal a couple of days ahead.

The current condition might be a good buying zone for SOLAMA as it reached the $0.035 to $0.038 price zone.

If the price continues to stay positive, then there will be a potential for SOLAMA to increase around 50% to 99% in the next couple of days.

The next target stands around the $0.053 and the $0.069 price zone, which can happen if the listing news continues to be updated by the team.

One of the ways traders can capitalize on this potential is by using Bitrue which accommodates transactions of SOLAMA in the spot market, using the USDT Token.

However, it is good to remember that the token still has volatilities ahead, which means that traders should use proper risk management to endure it.

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