What Could be the Next Meme Coin To Hit $1? 5 Contenders
The post What Could be the Next Meme Coin To Hit $1? 5 Contenders appeared first on Coinpedia Fintech News
Meme coins have decisively become the most popular asset class in the 2024 crypto bull run in the last cycle, many were priced at fractions of $1. However, Dogwifhat broke the $1 mark and is currently trading around $4, representing big gains for early investors. Let’s explore five meme coins that explode past $1 next.
Dogeverse
Dogeverse is our top pick of meme coins that could reach $1 next. The project is currently undergoing a presale, where it has enjoyed meteoric success, raising over $15 million.
However, the presale will end in four days, and then Dogeverse will launch on exchanges.
The presale price is $0.00031, but its massive early success and the fact that it has yet to be released on the open market could translate to eye-watering growth.
While Dogeverse is based on the beloved doge, it stands out from other meme coins thanks to its multichain approach.
Dogeverse is the first doge-themed cryptocurrency to take this approach, launching on Ethereum, Solana, Base, BSC, Avalanche, and Polygon.
This means that Dogeverse boasts unprecedented on-chain accessibility, which could well turn into a vast community and sky-high market cap.
Bolstering its supply and demand dynamics, the team has also introduced a staking layer. Currently, stakers can garner a 45% APY, but this will decrease as the staking pool grows.
PlayDoge
Another doge-themed meme coin causing a stir is PlayDoge. The presale launched just one day ago but has already raised over $360K.
Like Dogeverse, this project brings something entirely new to the market, helping distinguish it from other meme coins and cultivate a loyal community.
PlayDoge is a Play-to-Earn (P2E) project inspired by the iconic 1990s Tamagotchi game.
Tamagotchi is a handheld gaming device where players would have to care for their 8-bit Tamagotchi pet.
The devices sold over 82 million units throughout its lifespan.
However, PlayDoge is intertwining cutting-edge blockchain innovation, providing financial incentives for users to participate. Indeed, this means the stakes have gotten a lot higher.
And talking of stakes, users can also compound their $PLAY holdings through the project’s staking mechanism, which currently offers a whopping 805% APY.
But they must be fast because the APY will decrease over time, similar to Dogeverse’s.
The current $PLAY presale price is $0.005, but this will rise throughout the campaign. The next uptick will be in two days or when the total raise hits $787K.
WienerAI
On the surface, WienerAI is a jovial sausage dog-themed meme coin. However, its true essence is a revolutionary AI-powered trading bot that empowers users to become better traders while revamping the on-chain user experience.
Its captivating use case encapsulates crypto’s two hottest trends: meme coins and AI.
The project is currently in presale, priced at $0.000712, and has raised $3.4 million so far.
According to CoinMarketCap data, the total market cap of meme coins is $66 billion, and the AI crypto market cap is $40 billion.
As such, WienerAI has huge room for growth, and its current early stage presents a timely buying opportunity for traders.
The premise of WienerAI’s trading bot is that users can ask it questions and it will scour the market for the best trading opportunities.
Meanwhile, it also provides instant, fee-free, MEV-resistant, and noob-friendly trade execution, significantly improving the previously cumbersome user experience of on-chain trading.
Dogecoin
Dogecoin is the meme coin that kickstarted the entire sector’s growth. While it launched in 2013, it truly entered the world stage in 2021, hailed by one of the world’s wealthiest men, Elon Musk.
While its market cap peaked at a spectacular $75 billion, DOGE was unable to break the $1 mark due to the sheer number of tokens on the market.
However, with the current market cycle’s liquidity expected to overshadow last cycles, Dogecoin could finally become a $1 meme coin.
Given its status as the sector’s frontrunner, analysts are overwhelmingly bullish and expect it to continue leading the market.
In a recent post, trader Mags speculated that DOGE will head toward $1, marking approximately a 7x return.
$DOGE about to go parabolic..
Last cycle, I shared Dogecoin before it went up by 170x.
I’ve been accumulating Dogecoin for the past few months and my bags are loaded.
I’m expecting a 7x return this cycle. See you at $1+
pic.twitter.com/OeXdDMpJDZ
— Mags (@thescalpingpro) May 25, 2024
It’s also worth noting that Elon Musk’s directed social media attention could skyrocket the Dogecoin price, particularly now that the business mogul owns X (formerly Twitter).
Book of Meme
Like Dogeverse, PlayDoge, and WienerAI, Book of Meme first entered the market as a presale.
After raising $2 million, the Solana-based sensation launched on exchanges and became the fastest cryptocurrency to a $1 billion market cap, achieving the feat in a mere two days.
While this resulted in absurd profits for many BOME investors, the token never reached $1.
It is currently priced at $0.01424, down 49% from its March ATH.
However, the project’s unprecedented early momentum and the notoriety of its founder, Darkfarms, suggest another rally could be on the horizon.
Darkfarms is a well-known artist and curator. He is renowned for his Pepe art and for contributing to projects like Fake Rares and Notable Pepes over the years.
Indeed, this sets Book of Meme apart from other meme coins. Its founder is deeply entrenched in meme culture, which bolsters the likelihood of innovation, perseverance, and community growth.
