Sceptics be warned, because the world of crypto meme coins is evolving with such rapidity that even those who are more traditionally-minded may wish to pay attention. When Carlos Rodriguez, the ex-CEO of major esports powerhouse G2 Esports, introduces the number one trending cryptocurrency on DEXTools, you certainly start to take note. This emergent star of the crypto meme coin world – $SHIA – is the pulsing heart of the ShibaSaga meme coin gaming ecosystem. After just a mere three days from its DEX debut, $SHIA had already detonated its launch price by almost 100 times.
Arguably setting itself apart from other meme coins, $SHIA postulates itself as a meme coin that marries utility with humor. Its foundations have been lain in a high-profile influencer, a gaming ecosystem, token utility, and future manifestations in the forms of metaverses, NFTs, and $SHIA staking. Despite the somewhat controversial cloud that lingers from Rodriguez’s departure from G2 Esports, heightened expectations mount.
Indeed, the potential upside of $SHIA may be considerable. If viewed with the lens of its market cap barely scraping $3 million, meme coin aficionados might consider this an opportunity rather than a situation to shy away from. After all, this intersection of gaming and crypto may be a recipe for what just may be a tenfold increase of its market cap.
Simultaneously, a rival contender on the meme coin frontier is the amusingly named Sonik Coin. The coin’s name does draw upon clear parallels with SEGA’s Sonic the Hedgehog, albeit with no formal affiliation. The chuckle-inducive meme coin flaunts a pre-sale surpassing $400,000 – an encourging reveal of invester appetites ahead of its DEX launch.
Excitement swirls around Sonik Coin’s innovative staking mechanism – an offer of sky-high returns to the earliest backers. Its marketing team allegedly spawned other successful works such as the BTC20 and SpongeBob coins. The former reached a dizzying market cap high exceeding $125 million, while the latter achieved gains of up to 80x from its DEX launch price.
However, a caveat must be mentioned. The adrenaline-charged world of crypto investing holds considerable risks too. Amid the allure of vast gains and revolutionary technology, there remains the cold reality of potential capital loss. Rapid changes in the market can swiftly turn wins into losses. Yet, the potential of these two meme coins could well be a beacon for those willing to step into this exhilarating sphere.