Both cryptocurrencies have outperformed ETH, BTC and the broader market in the past seven days.Solana’s SOL and The Book of Meme , the meme coin built on Solana, were the top two trending tokens on crypto social media over the weekend, data tracked by Santiment shows.
“$BOME and $SOL are the top two trending assets across X , Reddit, Telegram, and 4Chan due to their outperforming the markets as of late. The crowd continues to regard Solana and associated meme coins as viable alternatives to Ethereum-based projects,” SOL’s price has surged 45% in seven days, tapping highs of over $200 for the first time since December 2021, CoinDesk data show. The Book of Meme has surged 82% since its debut on March 10. Crypto exchange Binance, the native token of the world’s leading smart contract blockchain, has declined 6.3% to $3,640 despite successfully implementing theSolana’s market-beating rally is consistent with renewed interest in its DeFi ecosystem.
A score of 100 represents peak popularity – the maximum number of searches observed for a term during a given time frame. It’s a sign that more and more people are scanning the web for information about the cryptocurrency that has outshined market leaders recently. Increased crowd chatter is widely taken to represent an impending retail investor frenzy often observed at market tops. Google trendsGoogle Trends provides a mostly unfiltered sample of search requests made to Google and scales their searches to a range of 0 to 100, according to the company. The search value represents the search interest relative to the highest point on the chart for the selected region and time.