The crypto meme coin market remains in a frenzy, with investors on the lookout for the next big meme coin success story. Ethereum-based ERC-20 coins are making waves on decentralized exchange (DEX) analysis website DEX Tools, with Pepe (PEPE) once again claiming the number one spot. Despite its market cap hovering around $600 million and concerns about its ability to experience further upside, PEPE continues to generate interest.
Refund Token (RFD) bulls have returned, with the token currently trading at around $0.00008, up over 220x versus its listing price. Notably, the token was launched by a pseudonymous Ethereum wallet holder, blurr.eth, who is estimated to have a net worth of at least $100,000,000.
PSYOP (PSYOP), the meme coin launched following a controversial presale by the creator of the Ben token (BEN), is now trading at just under $0.003. The token currently boasts a market cap of over $1.5 billion, although this is likely due to artificial scarcity resulting from ongoing airdrops.
Ben Token (BEN), now under the control of controversial crypto influencer Ben Armstrong, is trading at around $0.000000245 after recently hitting all-time highs. Early investors who bought the token at well under $0.000000003 could potentially see gains of at least 80x.
Recent Homer Simpson meme coin success has led to a surge in related tokens, such as Apu (APU), which launched with a trading value of around $0.0000008 and is now trading at approximately $0.0000023, a gain of nearly 3x.
However, given the fleeting nature of meme coins, investors might want to consider crypto startup presales as an alternative. These investments fund development and are usually offered at much lower rates compared to their future potential value. With great teams and innovative visions, some of these projects can deliver exponential gains to early investors, providing a favorable risk/reward profile. The Cryptonews team has identified 15 of what they deem as the best crypto presales of 2023 to assist investors in finding promising opportunities in the space.
It’s important to remember that the meme coin market is highly volatile, and investments in such tokens bring inherent risks. By exploring alternatives such as crypto startup presales, investors can potentially get involved in sustainable, long-term projects that hold value beyond the ever-changing meme coin landscape.