Traders look to Solana’s next meme coin: Tequila (JULIO)
Solana meme coins have done well this year and gained market share.
Developers turned to Solana because of its faster speeds and lower costs.
Tequila (JULIO) hopes to be the next big thing in the meme coin industry.
Solana meme coins have done well this year as Pepe and Shiba in Ethereum have become their biggest competitors. Dogwhiphat (YF) has become the fourth largest meme coin in the world as Bonk and Book of Memes continue to gain market share.
More Solana meme coins are being launched to capitalize on this trend. One of the most anticipated is known as Tequila (JULIO), the fair launch of which will take place on July 10.
Why Solana meme coins did well
Solana meme coins have been the best performing assets in the crypto industry this year. That being said, Solana has become a better alternative to the Ethereum ecosystem.
There are three main reasons for this. First, Solana is known for its fast transaction speed compared to Ethereum and BNB Chain. Solana can handle more than 2,000 transactions per second (TPS), while Ethereum is less than 50.
Second, Solana is known for being designed to measure in good faith by Moore's Law, which shows that the computer industry will do well as it evolves.
Third, Solana has significantly lower costs than Ethereum and other popular layer-1 networks. Handles multiple transactions in Centi only. A good example of this is in this year's total payouts. While Ethereum collected more than $1.4 billion in payments this year, Solana made less than $300 million.
Additionally, there is a lot of buzz surrounding the success of Solana dApps this year. For example, decentralized exchanges (DEX) such as Radium, Jupiter, and Orca have consistently ranked among the top ten largest DEX networks in the industry. Also, Solana's meme coins made a lot of headlines this year.
Tequila Key hopes to become Solana's meme coin
The past few weeks have seen a number of drink-related signs on the Solana ecosystem. Bircoin and Water did not fare well as the insiders dumped the tokens shortly after the launch, resulting in huge losses.
Tequila, a popular drink from Mexico, hopes to become the biggest drink-themed brand on Solana's ecosystem. This tequila is known for its role in the beverage industry. By 2023, Mexico will export more than 400 million liters and generate more than $32 billion in revenue.
Tequila will not have a regular token sale. Instead, it will have a fair start on July 10. A fair launch is where all tokens are issued immediately. After that, the developers hope to launch the trading push and listings on key platforms like CoinMarketCap and CoinGecko.
This process begins with lists of key central exchanges and tequila-themed parties. In the future, the developers will work to launch Julia Token's utility features, including Layer 3 networks. You can learn about Tequila (JULIO) here.
