The crypto market looks like it could be setting itself up for another bull run in the coming weeks. With the Bitcoin halving event now within touching distance investors are gearing themselves up to try and find which tokens are going to see the biggest gains.
It’s likely the meme coin market will see a lot of benefactors as we also have Doge Day coming up and in general, the sector is just dominant this year. It seems that investors who make a profit from Bitcoin are choosing meme coins to reinvest their profit into. With that being said we found the best meme coins we think have high potential to pump during the next bull run:
- Dogecoin20 (DOGE20)
- Slothana (SLOTH)
- Sponge V2 ($SPONGEV2)
- Pikamoon (PIKA)
Let’s get into why each project has so much potential.
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Dogecoin20- The project with the potential to be the new number-one meme coin
Dogecoin20 (DOGE20) has been on a whirlwind of a ride since its launch. Incredibly the presale raised $10 million and sold out in less than two weeks. It was a project that investors knew right from the off had a chance to be special. Those that missed out need not panic though as they can still purchase DOGE20 before the listings begin.
Dogecoin20 is not the first Dogecoin (DOGE) alternative to come on the market but is by far and away the one with real potential to challenge the number one meme coin’s status as top dog. The reason for this is a mix of Dogecoin20s features and the old dogs decline. The new project has essentially said that proof-of-stake is a better model for today’s market than Dogecoin’s proof-of-work.
The first reason for this is how much greener proof-of-stake is. Bitcoin comes under a lot of pressure for its mining process but Dogecoin transactions are actually very wasteful energy-wise too. In fact, the meme coin has a comparable carbon footprint to the entire country of Sierra Leone according to Digiconomist. Dogecoin20 is built on Ethereum which cut its energy consumption by 99% in 2022.
The other reason proof-of-stake is more suitable to today’s market is because of staking. Readers will have noticed the majority of ICOs on the market lately have staking as a foundation block to the project. It’s a no-brainer as it benefits the investor, who can gain rewards and more crypto in the future, and the project which gets an extra layer of security. It is the highest potential meme coin right now.
Slothana- Solana may have another explosive meme coin on their network
The Solana network has been enjoying an incredible 2024 and according to CoinGecko is the most popular blockchain ecosystem with almost 50% of the market. This is an incredible run considering how dominant Ethereum used to be. It is the meme coins that have driven this success for Solana as every release seems to be more explosive than the last. The latest on this list is Slothana (SLOTH)
The Sloth-based meme coin is hoping to escape the rat race that is the 9-5 and instead realize big gains for its investors. It also promises to ‘get off the herb’ but we are not sure how much we trust SLOTH with this one. Given the success that the previous sloth meme coin Slerf (SLERF) has had recently, we think its Solana sibling is also due a great run.
The presale has certainly got off to a very hot start as it has raised over $2.5 million in just a few days. Over 1 million has been raised in the last 24 hours as things really start to heat up with word spreading about Solana’s latest millionaire meme coin.
There are rumors circulating that the makers of Smog Token (SMOG) are also behind Slothana. That would make sense and be great news for the meme coin as SMOG immediately pumped after its launch despite having bigger days to come with its airdrop events. Slothana is also trending on X just like SMOG did as both projects emphasize virality.
Sponge V2- An innovative staking system almost guarantees this coin’s success
One of the best things about the meme coin market getting so much more attention from investors is projects have had to do more to grab attention. This has led to increased innovation and nowhere is there a better example of that than with Sponge V2 ($SPONGEV2). The second meme coin from the ecosystem that also brought you Sponge Token ($SPONGE)
For those who may not remember, Sponge Token was one of the hottest meme coins of 2023. It had the unlucky timing of launching when conditions were at some of their worst in 2023, but that didn’t stop the token. It pumped by hundreds of percent, was added to ten exchanges, and grew a cult following on social media.
Now through stake-to-bridge Sponge V2 will build on that success. How it works is investors who wish to buy $SPONGEV2 must first purchase and stake $SPONGE. When they do, an equivalent amount of Sponge V2 is also purchased and stored away for them. Once the total supply of Sponge Token has been sold then version 2 will be launched and investors can claim their tokens and the staking rewards they have earned.
Pikamoon- The meme coin/P2E crossover that could be very popular
One of the cooler things to have come from meme coin’s recent success is the fusion of some projects with P2E games. Pikamoon (PIKA) is one we really love as it takes inspiration from one of the greatest gaming franchises of all time; Pokemon. Except the blockchain twist makes it even more fun.
Players will be able to explore four different gaming universes but instead of earning badges, they will be able to earn PIKA by completing challenges and battling opponents. At the beginning of the game, players will be able to mint their very own NFT character that will accompany them through the game.
Conclusion
To finish up, we will say that the conditions we are witnessing now could be the quiet before the storm. If market history has taught us anything it’s that a bullish run will coincide with the Bitcoin halving event. Dogecoin20, Slothana, and Sponge V2 are all candidates to be big gainers during that period so make sure you are on board.