Analysts name the token whose value increased by 200% in just one day

Editor’s note: not financial advice!

Over the past 24 hours, the cryptocurrency Banana Tape Wall (BTW), a new memecoin based on Solana, has seen record growth. The price of the asset soared by 198%. Analysts emphasized that this happened against the backdrop of a broader cryptocurrency market slump.

The developers launched Banana Tape Wall just 3 days ago, and now the asset’s market capitalization is about $ 9.8 million, and the trading volume in 24 hours is almost $ 29.5 million.

Banana Tape Wall is inspired by an artwork called «Comedian» by Maurizio Cattelan. The object is an ordinary banana that is glued to the wall with tape. It was previously sold for $ 120,000.

Although BTW has already demonstrated impressive growth in such a short period of time, investing in this token may be fraught with risks. Before investing in BTW or any other financial asset, you should conduct your own research.

Amid the gradual recovery of the crypto market and the ongoing hype around memtokens, the price of Solana (SOL) is also growing. At the time of writing, the altcoin is trading at $ 157, having risen by 2.2% over the day. At the same time, the daily trading volume of Solana exceeds $ 5 billion, and the market capitalization of the asset has grown to an impressive $ 73 billion.