The meme coin market certainly did not need much time to bounce back. The bearish patch had only just set in when it was banished by many of the major meme coins starting to regain the small margins they had lost. Investors waited no time to get back involved in a very lucrative market where they were suddenly presented with great buy-low options.
Taking the above into account we thought it was great timing to try to find the next 100x meme coins. The slight market decline means it’s the best chance to invest in tokens before they explode once again. We compiled a list of five tokens every meme coin investor should be looking at:
- DogeCoin20 (DOGE20)
- Smog Token (SMOG)
- Sponge V2 ($SPONGEV2)
- DogWifCat (DWIFC)
- Pikamoon (PIKA)
Let’s get into why these particular projects stand out over their peers.
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DogeCoin20- This meme coin could be about to replace Dogecoin
We understand that it is going to take a lot to replace a meme coin that has been number one in the sector since it was created but stick with us. DogeCoin20 (DOGE20) is not the first Dogecoin (DOGE) alternative, but it is the first that has a real claim of being a better project than the original meme coin.
Its main selling point is proof-of-stake vs proof-of-work, and investors certainly seem to be buying into the project. The presale only began last week but has already raised over $4.5 million which means it is on a record-breaking pace. It is not too surprising to anyone who has been closely following Dogecoin as holes have been appearing in the meme coin’s project for quite some time now.
While other meme coins have tried to adapt to new surroundings, DOGE has stood still. Then there is the proof-of-work issue. Bitcoin gets most of the heat for the environmental problems associated with this model, but Dogecoin’s energy usage is surprisingly not that much better. In the long term, proof-of-stake is likely going to be the preferred route.
Another benefit DogeCoin20 has is the staking their system allows. It means investors can also earn crypto while the project gets an extra level of security. The DogeCoin20 project has ensured that those who invest early will get the most rewards in the future. This is a clever move as it will help insure against a mass sale of DOGE20 when the listings begin.
Smog Token- One of the meme coins bouncing back best already
Unlike other meme coins on this list, Smog Token (SMOG) is much more of a throwback token that relies more on virality than utility. It also went for the fair launch option last month which has proven to be a very profitable move. Despite the main aspects of the project still coming down the line, SMOG has bounced back today and has pumped by over 24%.
When we talk about Smog Token being committed to virality we really mean it. 50% of the total allocation of SMOG has been dedicated to marketing and it has really benefited the project so far. Not only do we see it everywhere in crypto media, but its social accounts have exploded most notably, they already have over 45k followers on X.
Smog Token isn’t just about the meme, though, it also promises to deliver the biggest airdrop events the market has ever seen. This is why we are very impressed with the token pumping already, the best is yet to come. It’s a clever model as it means the token will likely pump again when dates are announced and when the airdrops approach.
These will not be random events and investors have already been preparing to get the most SMOG as possible. An airdrop leaderboard will decide who earns the most crypto. Buyers have been completing daily tasks on Zealy in order to earn more points. Buying and holding SMOG also earns points which will in turn help the project’s long-term future.
Sponge V2- Running it back on one of 2023s best meme coins
The meme coin market is getting more and more competitive these days meaning new projects are trying to find new ways to succeed. This breeds innovation which is great for meme coin investors. SpongeV2 ($SPONGEV2), through its stake-to-bridge system, has probably come up with the cleverest way to ensure success.
It is the second token from an ecosystem that also bought you Sponge Token ($SPONGE). Instead of just adding another token to the mix they have created a way to ensure both tokens can thrive off each other.
How it works is that investors who wish to purchase the new Sponge V2 must first purchase and also stake Sponge Token. When the total allocation of $SPONGE is sold out, Sponge V2 will officially launch and then investors will be able to claim their $SPONGEV2 along with their staking rewards which will be paid out over four years.
For those who need a refresher, Sponge Token was one of the success stories of 2023. Thanks to this stake-to-bridge system its success has been prolonged as it has pumped by over 100% in the last 30 days. Originally the token exploded last year and pumped by 100s of percent and gained a huge following which Sponge V2 will hope to build off.
DogWifCat- Solana’s newest meme coin is already making investors rich
Solana is the network all meme coin investors should be looking at right now, as it feels like every coin from its network is pumping and making investors rich. DogWifCat (DWIFC) is the latest meme coin to be released, and it has started off like a house on fire.
After its fair launch on the 20th of March, it amazingly pumped by over 2300% and surpassed a market cap of $10 million. This is an incredible performance from the latest coin from the ‘Dog Wif’ family. Given the strength of the Solana meme coin market at the moment, we think it can still see 100x gains even after its strong start.
Pikamoon- Earn crypto while exploring the Dreva Metaverse
We are big fans of when blockchain projects create P2E games that take inspiration from traditional gaming giants as it opens them up to a whole new audience. Pikamoon (PIKA) is inspired by Pokemon but with a blockchain twist.
Your partner will be an NFT you get to mint yourself, and instead of badges, players can PIKA by exploring the universe. An extra special twist is holders of Pikamoon NFTs gain special access to competitive ESports arenas and bespoke experiences in the Dreva Metaverse.
Conclusion
The bearish conditions from earlier this week disappeared as soon as they arrived at the meme coin market. This means there is a chance to discover the next 100x meme coins. DogeCoin20, Smog Token, and Sponge V2 in particular, represent tokens that should easily see 100x and beyond in the near future.
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