The surging market is really doing wonders for memecoins. Just saw a Sol memecoin named RIFSOL, based on the concept of decentralized science (DeSci). I'm 70% sure that if this wasn't meme season that memecoin would have faded into obscurity the moment it was listed but surprisingly enough this memecoin is doing quite well. I don't know if there's something about this memecoin that I don't know about or it's just pumping due to the meme season, thoughts?
The real reason is that it's cheap and fast, nothing further and when one gets hyped and make profit then others do the same as well. When we are seeing this that means we are going to see anything good to happen would take time but when it does it goes super fast.
So, people saw SOL meme got good results a few times, then everything else started to be there. This is exactly why I believe that SOL could be going above ETH as well because we are seeing how that could be impacted in the end. This is why we are seeing all these SOL stuff getting more famous and eventually will impact SOL a lot, the price will go crazy without a doubt.