Solfart (SOLF) token is making quite the splash online with its viral “cut the cheese” video series. Industry veterans and co-creators of the brand, Fart McSatoshi and Mark Zuckerfart, have innovated in the memecoin marketing space once again, being the first cryptocurrency marketing campaign of its type. Now, industry analysts are speculating that the Solfart token could have a market-wide effect, including the possibility of doubling the market cap of the Ethereum coin.
Though Solfart is still in its token presale phase, whitepapers have revealed its listing day liquidity pool value, an expected USD$6,000,000. That data, coupled with the brand’s popularity, has become compelling enough for popular Binance News analyst “WIsePump” to make a bold prediction about the $SOLF token.
Powerful Memecoins: Bonk Inu vs Solfart
WisePump, a frequently accurate crypto analyst, believes Solfart will follow the historical data of Solana’s top memecoin, Bonk Inu (BONK). The only two differences highlighted in the forecast are both in the new token’s favor:
- Blockchain differences
- Bonk Inu: Solana
- Solfart: Solana & Ethereum
- Initial Liquidity Pool differences
- Bonk Inu: $5,400,000
- Solfart: $6,000,000
The reason this data is essential is that Bonk Inu rattled the entire crypto market when it debuted on crypto exchanges. The sudden increase in value for the Bonk Inu token caused investors from across the world to pay attention to all cryptocurrencies, especially memecoins. Many digital currencies saw their market cap value double within 48 hours, thanks to the energy of the Bonk Inu token, when it entered the market.
Now, it appears the “Cut the Cheese” campaign for Solfart is bringing a similar energy to the crypto space. Once more, it will have a more valuable liquidity pool and a massively larger trading audience upon its debut on crypto exchanges.
Analysts suggest this tidbit of data should/could be enough to move the market cap of Solfart upwards by 30,000%. The $6-million start could explode, rocketing to slightly over $180,000,000 in its first few days from launch, increasing the token value by 30x.
And suppose the brand maintains a marketing campaign as Bonk Inu did. In that case, historical data indicates Solfart could ultimately peak out at a $1 trillion market cap within its first year, increasing to $10 in value per $SOLF..
Though the token is still in presale, over the weekend, investor purchases spiked—more than 3,000,000 tokens sold daily per Solfart.io. Racing, the initial coin offering, nearly averages US$10,000 in token presale purchases by investors daily. At this rate, the discounted opening offers will end early, and CEX listings will be much faster than whitepaper predicts.
Priced at $0.0001616 per token currently, the cost of the cryptocurrency will rise by 24% by mid-week as the second round of this ICO begins at US$100,000. Investors after that point will see a significant decline in potential profits by missing the first round prices. The profit prediction of 30x will then become closer to 25x.
Some investors are also doubling up their earnings by becoming ‘grassroots marketers’ of Solfart. Though you have to have already purchased tokens from Solfart.io to gain ‘free’ tokens, investors are joining the memecoin project’s Work-to-earn platform, “Fartchan,” to take advantage of earning opportunities. $SOLF is given to members who complete community-beneficial tasks to move the cryptocurrency forward.
Ethereum Prediction on Trickle-Down Profits
While analysts have already taken a deep dive into the potential profits of Solfart and the memecoin’s forecasted overall market effects on Bonk Iinu (BONK) and Solana (SOL), the data on Ethereum coin had not been studied until now..
If historical data of the trickle-down effects from Bonk Inu’s launch repeat on Solfart’s debut, the $ETH coin will grow significantly in market cap value again.
Ethereum Market Cap when Bonk Inu Memecoin Debuted
When the Bonk Inu token launched on January 2nd, 2023, the ETH Coin market cap was over $3 trillion. To be exact, the cryptocurrency held a market cap of US$3,765,768,498 at the day’s end per Y! Finance. When Bonk Inu’s market cap doubled 2 days later, though it was on the Solana Networks, the Ethereum market cap still nearly doubled, going up almost $2.7 trillion.
Layman’s version: In 48 hours, Bonk Inu’s ‘success stories’ drew enough investors onto the crypto market that it caused ‘trickle down’ effects of trillions of dollars for $ETH coin. Market capitalization rose by 70.7% over 48 hours.
Solfart token presale is expected to have even more upward trending effects on the market, and it may strike during ‘altcoin season’, which could make its effects even more potent on Ethereum’s market cap.
Ethereum Price Prediction – August
With a market cap currently at $518,944,523,321.68 .Ethereum is expected to be at or around US$525 trillion when the Solfart token debuts on CEXs. If the aforementioned trickle-down effects do repeat this year on the ETH coin, holders can expect the Ethereum market cap to be roughly 75% higher, along with token value.
The estimated market capitalization of the Ethereum coin will be close to $908,152,915,811. The cryptocurrency’s value would be around $7,524.05 each coin.
Though this is significantly less than the 30x rise in value Solfart token is forecasted for, $ETH holders would experience a profit of $3,223 per coin. It’s valued at only $4,301 as of the start of Monday morning, August 11th.
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