Amidst the positive price trend of SOL memecoins, FRED has gained popularity, fueled by the controversy surrounding the seizure and euthanization of a raccoon named Fred, along with a squirrel named Peanut, by New York authorities. The story sparked outrage and emotional reactions, ultimately leading to the creation of this memecoin. There is a good price trend of memecoins on both Solana & Ethereum chains.
The Ethereum ecosystem currently has a market capitalization of $453.6B and a TVL of $59.271B, while Solana has a market capitalization of $127.402B and a TVL of $7.636B. Although Ethereum leads the race, it is evident that Solana is striving to close the gap. It’s an interesting competition; however, in my humble opinion, Solana may outshine Ethereum taking into consideration some factors.
Having said that, would it be a good choice to investing in FRED as it gets listed on exchanges like Bitget, looking at the price trend atm?
submitted by /u/uthred03
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