The meme coin market has been going from strength to strength so far in 2024 and even some old favorites are thriving once again. Despite the launch of a record number of new meme coins in April, Pepe Coin (PEPE) has still been enjoying some nice bullish periods. It is a testament to what the coin did in 2023 that investors keep coming back for more.
We will examine Pepe Coin's progress a little later in the piece but first, we want to focus on some new meme coins that may have 100x potential in the near future. For this, we dipped into the presale market and found some very interesting meme coin projects that have some unique features we think investors will latch onto. Here are the four that stood out:
Dogeverse (DOGEVERSE)
Sealana ($SEAL)
WienerAI ($WAI)
Sponge V2 ($SPONGEV2)
Let's get into each project now and examine what stood out.
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Dogeverse- Has the potential to be the king of dog memes soon
Dogeverse (DOGEVERSE) has been one of the most popular presales for quite some time. In less than two months it has already raised over $15 million and everywhere you turn in crypto circles online you will see people singing its praises. Its timing as a Dogecoin (DOGE) alternative also could not have been better.
As Dogecoin has struggled over the last two years, whispers have turned into loud conversations about whether it will soon be toppled as the top meme coin. The timing of Dogeverse is not coincidental in all likelihood. The creators have probably seen that DOGE is vulnerable and created a project that is built better for today's market and the future.
The meme at the center of the universe is Cosmo the dog and he was born with the unique ability to jump from planet to planet. Just like Dogeverse, which is a multi-chain token. It will be operational on six different chains. Ethereum, Avalanche, Solana, and BNB Smart Chain are the layer 1s, alongside Layer 2s such as Polygon and Base.
Sealana- Solana has had many stars lately and this looks like the next
We are sure any meme coin enthusiast out there is already very familiar with the rise of Solana in 2024. The network, which only last year was written off as a field experiment, is now more popular with investors than Ethereum. A lot of this has to do with the meme coins coming from the network. Sealana ($SEAL) has already raised over $2.6 million and looks like it could help continue the network's great form.
The meme that Sealana is based on is actually a deep cut which we think meme coin investors will love. It’s actually based on a one-off character from the South Park episode ‘Make Love Not Warcraft’. In the episode, the main characters are growing increasingly frustrated that their characters in the game World of Warcraft keep getting defeated by one other player.
They take their complaints to the creators of the game who are shocked and joke that a character this string must be controlled by a loser who plays the game 24/7. It's that player Sealana is based on. However, the seal trades crypto instead in his mom’s basement. This is a playful dig at the negative stereotype of crypto investors and we think meme coin buyers will love it.
WienerAI- Another throwback meme coin with a very interesting backstory
We mentioned in the opening how we are looking for presales that stand out from the crowd and have unique properties. WienerAI ($WAI) is a perfect example of that. While at first glance it looks like a normal throwback meme coin that wants to rely on its virality to help it pump, a deeper look tells us a lot more.
AI has become an integral sidekick of the crypto market. The meme coin market has not been left out of this either as many projects are using the new technology to help them boost their coins. WienerAI is getting on board this too and will have inbuilt AI trading capabilities. This along with staking will give the meme coin utility.
What we love best is the detailed backstory of WienerAI which takes us to a place called New Silicon Valley in 2032. Here we meet a mad scientist known as the architect. He is trying to combine pups and AI using an experiment but accidentally drops a sausage into the mix and that's how we get WienerAI. Given that the presale already raised over $2.7 million we think investors like this one.
Sponge V2- We can’t wait for the second version of one of our favorite meme coins
It looks like the creators of Sponge V2 ($SPONGEV2) may have solved a problem that crypto inventors have had for a very long time. How do you successfully launch two coins from your ecosystem? For those who don’t know, Sponge V2 will be the second coin from the ecosystem that brought us the very successful Sponge Token ($SPONGE).
They have found an innovative way to not only make sure that both coins can draw in investors but that they actually help each other. It's called stake-to-bridge. How it works is investors who wish to purchase the new Sponge V2 must first purchase and stake Sponge Token first.
When they do this an equivalent amount of version 2 is purchased and stored away for them. Once the total allocation of Sponge Token runs out, the second version will launch and investors will be able to claim their $SPONGEV2 tokens and their staking rewards. Over 21 million tokens have already been purchased and staked so things are looking good.
Pepe Coin is enjoying some growth but will it last?
We mentioned in the title how Pepe Coin (PEPE) is up over 12% in the last 24 hours at the time of writing. A look at the 7-day performance chart for the meme coin is an even nicer viewing. PEPE is up over 50% in that time frame.
Its growth is likely a combination of meme coin growth and also nostalgia. It was this time last year that Pepe Coin jumped onto the scene and became a star. Nostalgia has a big part to play when it comes to crypto and we think this may be a big driving force. It is probably likely the main period of growth is over.
Conclusion
So while the growth of PEPE over the last while is a nice story we don’t think it will last too much longer. The other meme coins we have reviewed above are better options in the now and in the long term. The great news is they are all available at rock-bottom prices too so plenty of room for growth.
