Meme coins are rallying again, and Pepe is leading the charge, PEPE grew 28.13% in the last 24 hours trading for $0.0000121. The rest of the space is following suit, with WIF up 23% and FLOKI going up by 20%.With the meme coin space recovering, investors are keeping their eyes peeled for the next breakout tokens.
Pepe Rises As Presidental Race Intensifies
Pepe is one of the most iconic meme characters of all time. Originating from a comic by Matt Furie, it was later coopted by the right-leaning political movement during the 2016 election.
This has contributed to it becoming prolific on websites like 4chan and Reddit and popular within the growing Politifi meme community. It’s even been branded a hate symbol by the ADL.
All this buzz and discourse surrounding it makes it the ideal growth candidate whenever a major event happens in the US political sphere. One of these has proven to be the shooting of crypto-enthusiast and presidential candidate Donald Trump.
The shooting is predicted to increase Trump’s chance of winning the election, which could lead to a pro-crypto administration. The crypto market responded to the news with a rally, especially present in Pepe-inspired coins.
As a result, the frog-themed meme coin market cap is up 23.3% in the past 24 hours, finally breaking the $7 million mark. The original Pepe grew the most, however, other Pepe-inspired coins like APU and PEIPEI have also made massive gains of 37% and 30%, respectively, this week.
$Pepe $5 billion market cap $Apu $143 million market cap $Hoppy $85 million market cap #Groyper $4 million market cap
The next 100x is right here for you Anon pic.twitter.com/hzBOcYgRki
— Blockchain DYT ⁸⁸⁸ 🦇🔊 (@BlockchainDYT) July 15, 2024
With that being said, Pepe is still the biggest meme coin on ETH — and is over 70% of the entire frog meme coin market. As such, Pepe is less likely to make massive 10x-100x moves quickly. That’s why many traders are looking for small-cap meme coins with the potential to grow massively over time.
3 Meme Coins That Could Pump Next
Investors looking for higher, 10x returns are looking to ICOs for the next Pepe. Let’s take a look at some of the most promising players in the space.
Pepe Unchained (PEPU)
Pepe Unchained is a new layer 2, high-utility meme coin. The Pepe-inspired token was established to solve the biggest issues with ETH meme coin development.
PEPU aims to provide 100x faster speeds than ETH with lower transaction fees to encourage meme coin development.
PEPU has raised over $3.7 million in its ICO, selling for $0.0084598 per token. The tokenomics are extremely friendly to early investors, with 30% of the 8 billion token supply assigned to staking with a projected P/A of over 500%. Another 20% is assigned to the token’s ICO itself.
Experts are extremely bullish on the coin, seeing its robust tokenomics and promise of utility as major factors in getting that initial traction every token needs. An analyst at the popular 99Bitcoins’ YouTube channel has even come out to say they expect the token to achieve Pepe-level returns.
Pepe Unchained is perfectly positioned to take advantage of Pepe-inspired coins skyrocketing, combining Pepe’s popularity with high utility.
WienerAI (WAI)
A crossbreed between a meme coin and an AI trading bot, WienerAI is turning heads with its massive ICO success. With almost $7.5 million raised in its presale selling at $0.00073 per token, WAI is set to explode on its DEX launch.
WAI’s trading bot is packed full of features for new and experienced traders alike. Unlike many similar trading bots like FLOKI’s it charges zero trading fees and protects trades from arbitrage trading bots. It also provides AI-generated technical analysis and will sift through the market looking for gems in the rough on the trader’s behalf.
Experts like Cryptonews are rallying behind the token, predicting the DEX and potential CEX listings to let the token soar.
Sitting at the intersection of meme coins and the TradFi AI craze, it’s not hard to see why investors are jumping in early on WienerAI.
Shiba Shootout (SHIBASHOOT)
Doge-themed with a wild west aesthetic, Shiba Shootout is the native token of the P2E game Shiba Sharpshooter released on Google Play and the Apple App Store.
Unlike most P2E games like Notcoin and Axie Infinity, Shiba Shootout emphasizes players’ skills and wit to win duels, rather than time spent or how many tokens they’re able to spend.
With a SolidProof audit behind it, analysts like Claybro- a YouTuber with over 130,000 subscribers are predicting Shiba Shootout to be the next big hit.
The token has raised almost $700,000 so far, selling for $0.0196 per token. However, its gameplay isn’t its only selling point, it offers some of the highest staking rewards in the industry, sitting at a 1,499% projected P/A. With price increases on the horizon, now is the best time to get in on Shiba Shootout.