The meme coin market is witnessing substantial growth, and Baby Doge Coin and Popcat are two of the frontrunners. As the joke token sector makes gains, which will be next to explode?
As Baby Doge Coin and Popcat continue to make waves in the crypto space with their impressive gains, traders and investors are eagerly speculating on which meme coin will be the next to explode. With Binance’s recent listing spree and the rising popularity of community-led tokens, several promising candidates are emerging on the horizon.
1. Pepe Unchained (UnchainedPepe)
In recent weeks, Binance has been prioritizing community-led tokens over “cabal coins” for its exchange listings. This strategy aims to cater to a broader audience and aligns with the decentralized ethos of Web3.
Pepe Unchained is a prime example of a community-driven token that has garnered immense attention. The project is conducting a community-funded presale to launch the first Pepe-themed Ethereum L2 blockchain.
Unlike most presales, Pepe Unchained's is fully transparent and accessible to everyone. This strategy has proven highly effective, as the presale has already raised an impressive $14 million.
To complement its L2 ambitions, Pepe Unchained boasts an array of features, including a block explorer, dedicated bridge, DEX, and staking capabilities. Developers can effortlessly launch their meme coin-related tokens or applications on the network.
Recently, the team announced a new initiative to issue grants and encourage ecosystem development. This move is expected to further enhance the project's capabilities and community engagement.
Pepe Unchained is currently available for purchase at a price of $0.00981, which will gradually increase throughout the presale. The next price increment is scheduled to occur within a day.
2. Dogwifhat (WIF)
Another meme coin that has piqued the interest of many is Dogwifhat. This anticipation stems from the possibility of Coinbase listing the token in the upcoming weeks.
As Binance continues to add more meme tokens to its platform, the pressure mounts on Coinbase to expand its own offerings to avoid losing customers to its main competitor.
Coinbase has yet to list Pepe, leading some analysts to speculate that Dogwifhat might be next in line.
Out of the top 100 cryptocurrencies by market capitalization, Dogwifhat stands out as the best-performing meme coin, boasting an 11% market share. This metric underscores the strong interest in the token within the broader crypto market.
As the crypto rally gains momentum, Dogwifhat is poised to make further gains. Currently, WIF trades at $1.88, boasting a market cap of $1.8 billion and a 24-hour trading volume of $471 million.
3. PepeCoin (Pepe)
When discussing Pepe coins, most people immediately think of the original Pepe the Frog meme coin. However, did you know that there is another PepeCoin that was created seven years prior?
Initially launching on an abstract blockchain in 2016, PepeCoin has had a presence in the crypto space for an extended period. This year, the team brought the project to greater prominence by launching a version of the token on the Ethereum blockchain.
Although its initial performance was underwhelming, investors are now taking notice of the ‘OG Pepe,’ and the narrative is garnering a lot of attention.
In addition to its early origins, PepeCoin boasts several unique aspects that set it apart from other meme coins. These include an encrypted messaging service, a trading bot, and plans for a layer 1 AI blockchain.
Of late, PepeCoin has gained impressive momentum. Currently trading at $3.28, the token is up 12% in the past 24 hours, with gains of 43% over the past week and an impressive 53% over the past 30 days. With a market cap of $383 million and 24-hour trading volume of $6 million, the OG PepeCoin is certainly making a comeback.
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