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- Geography
After a two-week bull run that saw many meme coins surge by over 150%, the market is now consolidating.
However, this doesn't necessarily mean the end of the bullish trend. If that were to be true, we would've seen the whales selling the tokens by now.
Dogecoin is currently holding its ground around $1.7, while SHIB has experienced a 17% drop in the last 24 hours.
On the other hand, PEPE managed to jump by 13% during the same period, indicating sustained interest in the meme coin market.
The meme market's continued popularity has led investors to search for low-cap coins like BONK.
To help you with this, our team has analyzed the entire market and identified these five tokens as the most promising candidates for 10x or higher ROI.
Let's check them out…
The Solana network became a hotbed for meme coins over the past couple of months, and the latest project to capture the spotlight is Smog Token (SMOG).
In just the past 7 days alone, SMOG's price surged by 130%, propelling it to a $0.2753.
While SMOG's current price may still be relatively low compared to other established meme coins, its rapid ascent in such a short time frame has turned heads across the crypto space.
Despite its recent inception, the token has already garnered a dedicated following of nearly 50,000 holders, whose collective belief in the project has driven its fully diluted market capitalization past the $213 million mark.
Fueled by a combination of Solana's growing prominence, the ongoing meme coin craze, and SMOG's inherent scarcity, this token's meteoric rise has positioned it as one to watch closely in the coming weeks.
Sponge V2 is here, following the smashing success of its predecessor, Sponge V1, which nearly soared to a $100M market cap last year.
This next version aims to up the ante by introducing a Play-to-Earn (P2E) game inspired by the iconic cartoon SpongeBob SquarePants.
For those holding the original SPONGE tokens, there's a bonus: the ability to stake V1 tokens and earn V2 coins as a reward, bridging the old with the new in a community-centric way.
One of the major updates with Sponge V2 is its migration to the Polygon network, a move made just a month ago to leverage lower transaction fees and faster processing times.
This switch has already paid dividends, igniting a significant price surge for $SPONGE. Currently trading at $0.0029, the token has seen an over 57% increase in value in the last week alone, pushing its market cap to $119 million, according to DEXTools.
The shift to Polygon and the introduction of a P2E element signal Sponge V2's potential to reach growth anywhere in the 50-100x range.
Scotty AI merges artificial intelligence and meme culture in the blockchain space, intending to enhance security measures and speed up transaction times on the Ethereum network.
The project's presale raised over $7.5 million and surpassed its goal ahead of schedule, which points to a high demand among traders.
Due to this high demand, developers gave the early birds one last chance to buy $SCOTTY before its IEO.
Scotty AI is not just about improving the technical aspects of blockchain; it's also fostering a vibrant and engaging following through its community-centric approach.
As the project moves forward, it's preparing for listings on major exchanges like Bitmart and Uniswap. There are even rumors about a possible Binance listing in the following weeks.
This momentum indicates Scotty AI's strong position for future developments, including its plans for a decentralized exchange and innovative chat tools, setting a new standard for blockchain technology infused with AI.
We can't talk about the recent meme coin craze and not mention MEMEAI. This unique token has witnessed an impressive surge of over 1,000% in just the past week.
MEMEAI leverages artificial intelligence to create hilarious memes that users can mint as non-fungible tokens (NFTs).
These NFTs can then be traded on the project's upcoming marketplace, offering a seamless way to monetize the utility of the token.
What's more, Meme AI managed to gather a pretty big crowd around it. Their Twitter page grew to around 4,500 followers in just a few days.
At the time of writing, MEMEAI is following a broader market correction, which makes this a great time to buy the dip.
$APE is designed to grant its holders governance rights over the ApeCoin DAO. Yuga Labs is also working on its metaverse project called Otherside.
There's speculation that $APE will become the official token of this metaverse once it launches.
This speculation gained traction when Yuga Labs offered a sneak peek of the Otherside metaverse last summer, causing $APE's price to surge by 22%.
However, since then, the token's value has steadily declined, currently trading at around $2.23, approximately 56% lower than its price a year ago.
For interested traders, the current price level could present an attractive entry point.
Once Otherside finally launches, the token's value can skyrocket beyond the highs of last year.
Despite the current consolidation phase, experts predict that we can expect the bull sentiment to continue soon as we approach the halving event.
However, established meme coins like DOGE, PEPE, and SHIB already have a high market cap which could stop them from delivering ROI bigger than 2-3X.
They can still pump, but not as high as they did in the years behind them.
But projects like SMOG, Scotty AI, and Sponge V2, with their low MCAPs and strong communities, can easily bring much larger gains.
