As the stable rise in cryptocurrencies begins, SOL Coin races towards new heights, stirring activity among altcoins on the network. Last year showcased the immense gains driven by the fervor surrounding meme coins. So, which altcoins are the most popular on the Solana 
$194 network? What price can we expect for SOL Coin?
What Are the Solana Altcoins?
Solana boasts a vast ecosystem, with numerous cryptocurrencies thriving during this bullish phase. Alongside giants like Tether and USDC, cryptocurrencies such as LINK and RENDER also have their SPL Token versions on the Solana network.
Currently, the most popular altcoin in the network is PENGU Coin. With a massive airdrop, it surpassed BONK Coin, reaching a market value of 2.4 billion dollars. The leading meme coins on the network, BONK, and SOL Coin, had previously conducted airdrops to mitigate investor losses when their prices fell below ten dollars. Now, PENGU Coin boasts a market cap of 2.36 billion dollars.
SOL and CHZ Price Targets
Following a sharp drop in BTC prices, SOL Coin plummeted to 205 dollars. While BTC had just recorded a new daily low of 96,577 dollars, the decline continues painfully.
SOL Coin’s critical level stands at the 203-202 dollar range. If this threshold is breached and BTC continues to decline, the previous upward breakout would be deemed unsuccessful, risking a drop to 176 dollars. A decline to 190 dollars is plausible, with upcoming Fed minutes potentially influencing this situation.
CHZ Coin faces a similar scenario. The price has hovered around the significant 0.0949 dollar level for months, and it plummeted when BTC experienced its downfall.
Currently, it is near the familiar support level of 0.0853 dollars. If selling pressure continues, the price may test 0.0724 dollars again, with the worst-case scenario aiming for a bottom of 0.0593 dollars.
