With BTC and ETH both reaching new all-time highs earlier this week, it’s official – the market has entered a bull run.
And altcoins aren’t the only ones surging this week, we’ve also seen meme coins like Pepe (PEPE) bring over 700% profits in the last week alone!
But is PEPE still a good investment and can we expect it to grow further in the upcoming weeks?
According to numerous analysts, a much better option right now is presale tokens like Smog ($SMOG), Sponge V2 ($SPONGE), and Scotty the AI ($SCOTTY).
Let’s check out the deets.
Pepe ($PEPE) Sees 260% Increase but the Momentum May Slow Down – Analysts Recommend These Alternative Meme Coins Instead
Pepe ($PEPE) has been one of the most popular meme coins in the market for a while now, but this week it exceeded all expectations.
The token’s recent performance is remarkable set a new all-time high price of $0.000008214 before slightly dropping.
This represents a staggering 600% increase in just one month, elevating its market capitalization from $1.6 billion to over $3 billion. In this month alone, it saw a 724% increase.
PEPE’s surge isn’t an isolated event – it’s part of a broader memecoin rally that also includes veterans like Dogecoin (DOGE) and Shiba Inu (SHIB).
This resurgence is driven by the overall crypto market’s uptick, led by Bitcoin’s push towards record highs. As Bitcoin gets more mainstream attention, investors are looking for the next big opportunity, sparking the recent spikes in meme coin trading.
But for many analysts, PEPE may have reached its peak for this bull run and there are a few currently underpriced tokens that could explode by 100x in the following weeks.
Below, we’ll check out why this is the case.
Scotty the AI ($SCOTTY) Combines the Attraction of Meme Coins with Robust AI Technology
Scotty the AI ($SCOTTY) merges AI with blockchain to beef up security and tackle fraud in the crypto world.
Named the ‘Guardian of the Crypto Universe,’ it’s rapidly catching the eye of the crypto community with its cutting-edge tech and user-centric philosophy.
The platform’s key features include top-notch AI algorithms that dive deep into blockchain data to identify and neutralize threats efficiently.
On the horizon is ‘Scotty Chat,’ an AI-driven assistant set to demystify the blockchain and crypto industry for users, thanks to its smart use of Natural Language Processing (NLP).
Commitment to community and transparency is at $SCOTTY’s core, with the project handing over the decision-making to its token holders by renouncing its token contract. This move, coupled with ERC-20 compatibility, promises easy adoption.
Looking ahead, ‘Scotty Swap Tool’ is set to enhance the platform’s functionality, with ambitions to roll out its own blockchain for more decentralized control.
Smog ($SMOG) Establishing Itself as a Top Solana Meme Coin with Massive Airdrop Event as Excitement Grows by the Day
Smog ($SMOG) is making waves as a fresh meme coin on the Solana blockchain, primarily due to its remarkable launch in February 2024.
Opting out of a presale, Smog debuted directly on the Jupiter decentralized exchange, which has lately even outpaced Uniswap in trading volume. Available for purchase with ETH or USDT directly on its website, Smog also offers a lucrative 42% staking reward for its token holders.
Within just a day of its launch, $SMOG’s value skyrocketed by over 1,300%, and it hasn’t slowed down, boasting a 5,200% increase since.
This surge has increased its market cap from $2 million at launch to an impressive $107 million. Smog also incentivizes its community with airdrop rewards and bounties, encouraging token holders to accumulate airdrop points simply by holding onto their $SMOG.
While specifics on the airdrop dates remain under wraps for now, Smog has reserved a generous 490 million tokens for rewards, which is 35% of its 1.4 billion token supply.
Furthermore, it’s set aside a substantial 700 million tokens for marketing efforts. It’s aiming to become Solana’s biggest cryptocurrency and also reserved 15% of its tokens for future listings on centralized and decentralized exchanges.
Sponge V2 ($SPONGE) Introducing New Upgrades to the Original Token with Stake-to-Bridge Capabilities and P2E Elements
Sponge V2 is set to outshine its predecessor with significant improvements and ambitions. After the original $SPONGE soared 100x, reaching a peak market cap of $100 million, V2 is poised for even greater success.
According to its whitepaper, transitioning from V1 to V2 tokens is exclusive to those who bridge their holdings, rewarding them with four years of staking rewards in V2 for locking in their V1 tokens.
For a short period, $SPONGE is doubling down with a 100% purchase bonus on V2 tokens, effectively doubling investors’ stakes.
And aside from financial incentives, $SPONGE V2 is expanding into the gaming world with a new play-to-earn title, details of which are available in the SPONGE Discord channel.
Aiming for major listings on platforms like Binance and OKX, $SPONGE seeks to replicate the explosive growth of other meme coins upon their entry to big exchanges.
Achieving these listings could propel $SPONGE well beyond its previous $100 million market cap.
Conclusion
PEPE had one of the best meme coin runs over these past few weeks with some massive upticks that investors profited from – but has it reached its peak? Analysts believe so.
Right now, there are much better alternatives for 100x growth – including Smog ($SMOG), Sponge V2 ($SPONGE), and Scotty the AI ($SCOTTY).
With all of these tokens now worth only a fraction of their potential, it makes it the ideal time to capture the low price and wait for the explosion!
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