Altcoin Daily, a prominent YouTube channel dedicated to cryptocurrencies, has identified nine meme coins that investors should keep an eye on following the resurgence of financial advisor Roaring Kitty. The meme coin market has reacted strongly to Roaring Kitty’s return, as his tweets have historically had a significant impact on market movements. This time, his re-emergence triggered a massive rally in GameStop stock, and this trend spilled over into the broader meme coin market.
Altcoin Daily has compiled a list of nine top meme coins that investors should watch, especially as the bull market continues to mature. Let’s take a brief look at each of these digital assets:
ORDI and GME:
ORDI is part of the Bitcoin ecosystem and has gained popularity due to its association with the Ordinals Protocol. It offers new functionalities for assets on Bitcoin and has experienced a significant increase in market capitalization. Currently, ORDI is trading at $37 with a market cap of $778 million, despite a 1.47% drop in the last 24 hours.
GME, on the other hand, pays tribute to the GameStop stock saga and is a meme coin on the Solana network. Following Roaring Kitty’s posts on Monday, it experienced a meteoric rise in value, surging by over 3,900% as reported by The Crypto Basic. GME is currently trading at $0.1676, still up 3,783% since Monday.
SHIB and DOGE:
Shiba Inu, previously hailed as the Dogecoin killer, has gained global attention due to its potential to surpass DOGE as the dominant meme coin. It has become a sensation and is now accepted at numerous places directly or through third parties. Shiba Inu’s ecosystem also includes other tokens like BONE and LEASH, which adds to its appeal. Currently, SHIB is trading at $0.00002394, making it the 11th largest crypto asset. Market analysts have projected ambitious targets for SHIB during this cycle, including $0.00008845 and even $0.0001.
Dogecoin, the original meme coin, continues to be a significant player in the crypto space. Despite its origins as a joke, it has found real-world utility and has garnered a passionate community. DOGE is currently trading at $0.1501, and there are predictions that its price could reach $1.
SNEK and COQ:
SNEK, a deflationary meme coin on Cardano, has become a cultural icon within the ecosystem. It recently became the most traded token on Cardano, indicating a growing interest. SNEK is currently trading at $0.0009803, with a 600% increase in the last year and potential for further growth.
COQ, on the other hand, is a chicken-themed token within the Avalanche ecosystem. It has experienced explosive growth and profitability for early investors. Since its launch, COQ’s all-time ROI stands at 443%, and with its current price at $0.000002331, market watchers expect it to continue growing during this bull run.
FOXY, BRETT, and DED:
FOXY, the first “culture coin” on Linea, an Ethereum layer-2 network, aims to promote the emergence of culture within the ecosystem. It serves as a community hub and a memecoin, drawing attention to the expanding Linea platform. FOXY is currently trading at $0.01246, down 15% since last month.
BRETT is part of the Base ecosystem, a meme coin that has attracted investors with its market cap and trading volume. It represents the digital culture of the Base chain and its growing ecosystem. BRETT’s market cap reached over $700 million in March before experiencing a decline, bringing its current value to $0.03091.
DED is a meme coin that has generated excitement in the Polkadot ecosystem. It has rallied a strong community around Polkadot, promising a renaissance for the network. DED is tradeable on Hydradex and Polkadex, and as of press time, it is priced at $0.0004.
It’s important to note that this content is for informational purposes only and should not be considered financial advice. The views expressed in this article are the author’s personal opinions and do not reflect the opinion of The Crypto Basic. Readers are encouraged to conduct thorough research before making any investment decisions, as The Crypto Basic is not responsible for any financial losses.