Despite exhibiting minimal fluctuations, with the recent US employment data instigating little more than a ripple, cryptocurrency markets have generally sustained a mildly positive trajectory. Dominant cryptos like Bitcoin and Ether hold steady at approximately $30,000 and $1,870 respectively, with an overall market cap of $1.18 trillion. Amid this ostensible stasis, the underbelly of the market thrives in ebullience for choosing the next befitting meme coin, akin to the likes of Pepe or Shiba Inu.
A newcomer to the meme coin arena, Moon ($MOON), witnessed a surge in its worth, escalating from roughly $0.003 to as high as $2.0 within a day, a fact supported by analytics presented by DEXTools. Although it retracted to just below $1.0, its market cap hovers around $30 million, with $1.18 million in $MOON tokens being traded across decentralized exchanges in the past 24 hours. Interestingly, this new entrant has attracted 360 holders and locked liquid assets worth $250,000.
Similar upheaval is seen with Pepe 3.0 coins, attesting to the popularity of the previous versions. One such coin has seen a 600% increase in value within the day and an impressive market cap of over $3.0 million, and an ever-growing base of nearly 1,400 holders.
However, controversy has not bypassed the world of crypto. The recent allegations around the Azuki NFT have catalysed creation of an Azuki 2.0 meme coin. Its value increased substantially, by 600% within a day, and is presently in the $0.0005 zone.
Traders thirsty for the next low-cap gem can also look at pre-sale meme coin projects. Wall Street Memes (WSM), an ever-expanding community of crypto enthusiasts that sprouted in the heat of the meme stock mania of 2021, had a successful presale with over $13.26 million raised within a month. The behemoth of a community, that stands at a million-strong cross-platform, raised optimism regarding the $WSM token’s potential for a listing on top-tier crypto exchanges such as Binance.
Ostensibly niche, but nonetheless potent, is the Thug Life Token ($THUG) which has already raised a remarkable $640,000 via a pre-sale. Unlike options based on passing trends, $THUG etches itself in the timeless ‘Thug Life’ movement and exudes potential for exponential growth. The $THUG pre-sale promises an exponential rise given its comparatively modest valuation at the pre-sale market cap. A proactive approach is advised for securing a stake in this venture, as access to tokens will be restricted to the project’s airdrop and community rewards post the pre-sale period.
Word to the wise: tread with caution; crypto is a high-risk asset and its volatile nature warrants thorough research and discretion.
Source: Cryptonews
