Memecoin TRUMP: A driving force for the development of the Solana ecosystem?

[KryptoBull]

It is smart to invest in Solana after the amazing rise of TRUMP memecoin, Solana blockchain (despite many criticisms) has become a strong competitor to Ethereum and attracts most of the new projects.

Perhaps the most important question is whether the Ethereum era is over, are there better alternatives to Ethereum? If Solana's upward trend succeeds, we may not see an upward trend for Ethereum but rather its loss of number 2.

Only agile investors can seize the opportunity to invest in SOL immediately after TRUMP is launched. Other investors tend to remain skeptical and wait, only to jump in when the best is over.

I think Eth is still a major force in the market and plays a guiding role in the long-term development of altcoins. Sol has great potential but will need more time and value to compete with Eth. Memecoins trends alone cannot help Sol catch up with Eth.

[omori]

^ Agreed.
Memes are short-lived, it's just a new trend to emerge, politicians creating their own, "official" memes.
Interesting development, not a long one for sure.

[rdluffy]

Only agile investors can seize the opportunity to invest in SOL immediately after TRUMP is launched. Other investors tend to remain skeptical and wait, only to jump in when the best is over.

I think Eth is still a major force in the market and plays a guiding role in the long-term development of altcoins. Sol has great potential but will need more time and value to compete with Eth. Memecoins trends alone cannot help Sol catch up with Eth.

In my opinion and from everything I've seen on the market to date, ETH will still be the number one altcoin and it's unlikely that another altcoin will take its place
Work on ETH doesn't stop, and we'll have another update soon
Many services use ETH and for the long term these memecoins may not make a difference
Every now and then the money rotates to stronger coins, and many memecoins end up losing a lot of marketcap

[KryptoBull]

In my opinion and from everything I've seen on the market to date, ETH will still be the number one altcoin and it's unlikely that another altcoin will take its place
Work on ETH doesn't stop, and we'll have another update soon
Many services use ETH and for the long term these memecoins may not make a difference
Every now and then the money rotates to stronger coins, and many memecoins end up losing a lot of marketcap

I agree, Ethereum remains the leading blockchain with extremely high liquidity and a diverse ecosystem. This cannot be served by any other blockchain, including Sol and Bnb. Sol might be very vibrant and SOL price has increased impressively but all the momentum comes from memecoins instead of user-friendly solutions.

Sol will need a lot of effort to develop stably and consolidate its position in the crypto market. I believe Sol can do it thanks to its strength and popularity. What Sol needs is time and a comprehensive ecosystem development strategy that provides long-term value for users and is reliable for large organizations.

[omori]

In my opinion and from everything I've seen on the market to date, ETH will still be the number one altcoin and it's unlikely that another altcoin will take its place
Work on ETH doesn't stop, and we'll have another update soon
Many services use ETH and for the long term these memecoins may not make a difference
Every now and then the money rotates to stronger coins, and many memecoins end up losing a lot of marketcap

I agree, Ethereum remains the leading blockchain with extremely high liquidity and a diverse ecosystem. This cannot be served by any other blockchain, including Sol and Bnb. Sol might be very vibrant and SOL price has increased impressively but all the momentum comes from memecoins instead of user-friendly solutions.

Sol will need a lot of effort to develop stably and consolidate its position in the crypto market. I believe Sol can do it thanks to its strength and popularity. What Sol needs is time and a comprehensive ecosystem development strategy that provides long-term value for users and is reliable for large organizations.

SOL has the funds and fees to make it happen.
And the capabilities of the blockchain to develop things that we mentioned.
And sometimes it even flipped ETH in said fees, however - that doesn't mean there isn't lots of work to do in many spheres.

[KryptoBull]

SOL has the funds and fees to make it happen.
And the capabilities of the blockchain to develop things that we mentioned.
And sometimes it even flipped ETH in said fees, however - that doesn't mean there isn't lots of work to do in many spheres.

Eth has its current position thanks to its pioneering role in smart contract technology, something that Btc cannot easily implement without L2. Sol is a later project with high speed and low cost but is still not stable enough to be chosen by large organizations. Outages may be the reason why DeFi projects are hesitant to come to Sol, only memecoins like to take advantage of Sol's power without requiring stability.

Sol has survived the crypto winter and has not been eliminated from this fierce market. I hope we will continue to witness Sol's successes this season and in many seasons to come.

[omori]

^ True.
And with FireDancer - outages will become even less of a problem (but, imo, even now, they are not that frequent, as far as I remember).

[philipma1957]

It is smart to invest in Solana after the amazing rise of TRUMP memecoin, Solana blockchain (despite many criticisms) has become a strong competitor to Ethereum and attracts most of the new projects.

Perhaps the most important question is whether the Ethereum era is over, are there better alternatives to Ethereum? If Solana's upward trend succeeds, we may not see an upward trend for Ethereum but rather its loss of number 2.

Only agile investors can seize the opportunity to invest in SOL immediately after TRUMP is launched. Other investors tend to remain skeptical and wait, only to jump in when the best is over.

I think Eth is still a major force in the market and plays a guiding role in the long-term development of altcoins. Sol has great potential but will need more time and value to compete with Eth. Memecoins trends alone cannot help Sol catch up with Eth.

solona is the backbone for helium hotspots so they will always have pow on their side.

eth has very little to do with pow which will doom them to failure down the road.

solana has a lot of growth coming to it.

[KryptoBull]

solona is the backbone for helium hotspots so they will always have pow on their side.

eth has very little to do with pow which will doom them to failure down the road.

solana has a lot of growth coming to it.

Sol has quite a few interesting ideas and solutions, such as Hnt, but unfortunately they are not as popular as memecoins on Sol. Currently, Sol is still growing thanks to memecoins, which we can see reflected in the SOL price chart.

I hope that with these strong motivations, Sol will be built more positively, have more value, and can threaten Eth's position in the market. Eth itself still has many problems and they are actively reforming, which is a good opportunity for Sol to learn and come up with better solutions.

[Faisal2202]

I would like to know your opinion on this:

• Do you think Trump's launch of the TRUMP memecoin on Solana is a success and a great opportunity for Solana?
• Are you investing in TRUMP and SOL?
• After memecoin, what trend will continue to explode in the Solana ecosystem?

It was a big success and it was a great success for Solana too because it attracted huge volume to the network TBH, I did not knew till now that Trump was based on Solana network although it was kinda obvious too.

Nah I am not investing in Trump or Sol, but I had invested in Fida which is a Solana name service token, and I made some good profit from it when Trump launched it's meme coin, as Solana pumped and the tokens from Solana ecosystem also pumped along with Fida.

I think solana is already focusing on other sectors as we have different new projects coming, like solayer, SolSVM (don't know if that's the accurate name) well, they serve the purpose to increase the stability of the SOl network, and in gaming sector too. They are introducing big updates in different sectors as well. Overalll Sol is no only focused on Meme coin which is a good thing.

[debra]

It was a big success and it was a great success for Solana too because it attracted huge volume to the network TBH, I did not knew till now that Trump was based on Solana network although it was kinda obvious too.

But yes, it has a pretty big impact on the increase in Solana's market cap, because of that, it is one of the factors that Solana really rose quite rapidly, even surpassing BNB again and with a fairly large market cap difference this time. Although currently the price of SOL has dropped quite drastically, but at least when the meme coin was released, it had a significant impact on the network.

[omori]

^ And SOL was able to withstand the pressure.
That was a great situation to see the network staying fine.
Nevertheless, the pump is always followed by a dump and sideway movement.

[KryptoBull]

But yes, it has a pretty big impact on the increase in Solana's market cap, because of that, it is one of the factors that Solana really rose quite rapidly, even surpassing BNB again and with a fairly large market cap difference this time. Although currently the price of SOL has dropped quite drastically, but at least when the meme coin was released, it had a significant impact on the network.

SOL price only adjusted to 230 USD, and I don't think it's a strong sell-off from 300 USD after a strong rally from 8 USD. Only short-term traders who bought SOL recently will lose about 20%, I consider it a normal fluctuation of altcoins.

The Sol ecosystem still has great potential based on memecoins and DeFi, not just relying on TRUMP, so if investors believe in the future of Sol, they can continue to hold SOL to higher targets, for example 1K USD.

[TomPluz]

I hope DeFi will explode within the Solana ecosystem, thereby fueling this bullrun. Besides ETH and XRP, SOL has also become popular and influential on market sentiment.

As of this writing, nobody can dispute the leadership status of Solana...it has come a long journey towards the number 5 position in CMC. I believe in Solana's potential for real growth ahead not just in 2025 fueled by memecoins bloom but also in many years to come especially if DeFi will be on its side. And if plans for spot ETF for Solana will come into reality, am sure it can still take the number 3 position which is now occupied by XRP after it made strong rallies recently. Right now, memecoins are making strong showing in Solana but this may not be sustainable into the future so it needs to expand and DeFi is one area it needs to maximize.

[KryptoBull]

As of this writing, nobody can dispute the leadership status of Solana...it has come a long journey towards the number 5 position in CMC. I believe in Solana's potential for real growth ahead not just in 2025 fueled by memecoins bloom but also in many years to come especially if DeFi will be on its side. And if plans for spot ETF for Solana will come into reality, am sure it can still take the number 3 position which is now occupied by XRP after it made strong rallies recently. Right now, memecoins are making strong showing in Solana but this may not be sustainable into the future so it needs to expand and DeFi is one area it needs to maximize.

The value and position of Sol were once doubted due to numerous outages and the collapse of FTX, but eventually, the price increase of SOL brought investors back and turned Sol into a successful project this season. While Eth needs a reform to enhance ETH value in the ecosystem, Sol doesn't need that because it's fast enough for users to experience instead of seeking L2 solutions.

Every ecosystem needs many pillars to survive and develop sustainably. I also hope many other trends will come to Sol, including DeFi, NFT, RWA... Spot ETF is also a good driver but it will take a long time before Sol has stable inflows from pension funds.