On June 27, Moonshot launched Moonshot Create, allowing users to create meme coins using Apple Pay. This event marks a significant step in simplifying access to the meme coin market.
Creating Meme Coins with Moonshot
With the launch of Moonshot Create, users can easily create meme coins using Apple Pay on the Solana blockchain. The platform has already introduced its first meme coin, MONKEPHONE, which quickly reached a market cap of $10 million. This event highlights the growing interest of retail investors in Solana-based assets.
Discussion on the Solana Market
The Solana market, which Moonshot is focusing on, is experiencing dynamic fluctuations. Currently, the price of SOL is $150.94, with a market cap of $80.65 billion. Despite a 15.19% decrease in trading volume over the last 24 hours, the token's price has increased by 5.56% in the same period, indicating market volatility.
Experts' Opinions on the Future of Crypto Market
Experts note a growing trend toward democratizing access to cryptocurrencies. Moonshot's approach may attract more retail investors to the market and meme cases. However, this initiative may also raise questions from regulators regarding the volatility of meme coins and consumer protection.
The Moonshot Create initiative supports the growing interest in meme coins and demonstrates the potential for increased retail participation in the crypto market, particularly concerning the Solana blockchain.
