Recently, telegram coins like SUN, DOGS, and NOT have become more famous than Solana. Despite this, the price of solana is likely to go up again.
Telegram meme coins have become popular because mini-apps on the site are so popular. Recently, Tron (TRX) and Ton (TON) have been getting a lot of attention for their meme coins, like Sun Token (SUN), Dogs (DOGS), and Notcoin (NOT).
At the same time, Solana’s popularity has been falling as more people trade on these networks. Solana may have found strong support, though, which is a sign that he might be able to get better.
Solana Faces Ton Congestion
Dogs was released on the Ton blockchain on August 26, but the event caused the network to become crowded, which slowed down transactions. In response, Ton Foundation told validators to restart their nodes to get things back to normal. This stopped deposits and transactions on crypto exchanges for a short time.
Notcoin came out in May, and TON’s price went up by more than 40%, even though the network was barely interrupted. After the start, however, DOGS’ price stayed the same while the market waited for news about Telegram founder Pavel Durov, who was jailed in France. DOGS’ price briefly went up when news spread that Durov would be freed on August 28, but it quickly went back down to between $0.0016 and $0.0014 when it became clear that he would be charged by the government.
After a brief rise, Notcoin’s price has dropped by 62% since its high point at $0.0233.
SUN from SunPump, Tron’s answer to Solana’s Pump.fun, also got a lot of attention and, on August 21, made more funds than Pump.fun. Solana has since taken back the top spot as the best platform, with $7,860 worth of new tokens bringing in $458,000. This is more than SunPump’s $295,000.
After Tron founder Justin Sun openly backed SUN, its price went up by over 170%. It reached a high point of $0.043 before falling to $0.03118, where it has found strong support.
The founder of Tron, Justin Sun, wants the market value of Tron coins to reach $4 billion by 2025. Meanwhile, Solana is still strong. It has a history of coming back from losses, and its price performance has been strong despite recent market changes. What happens with Durov’s case in court could have a major effect on the market for Telegram coins, but for now, Solana is still a strong rival.
