What a couple of days it has been for the crypto market. In what could be the most impactful election in crypto history, the markets man won and things immediately started to look very green. Bitcoin (BTC) soared to another all-time high even briefly surpassing $76k for the first time. Analysts are now revisiting the possibility that the market’s number-one token could hit $100k before the end of the year.
Bitcoin’s performance has been impressive but it has been overshadowed by the meme coin sector. If you look at the total market cap and volume for meme coins you will see a line pointing straight up for the last couple of days. It is now over $67 billion and is heading toward heights not seen since 2021. That brings us to our topic today.
We think the meme coin sector is going to continue to grow and have pinpointed 6 projects every investor should be adding to their portfolio. We have focused on the presale market for two reasons; firstly the low prices mean they can provide the most gains. Secondly, the quality of some of these new projects outdoes anything on the market currently.
Pepe Unchained ($PEPU)
Crypto All-Stars ($STARS)
Flockerz ($FLOCK)
FreeDum Fighters ($DUM)
Sponge V2 ($SPONGEV2)
DogDump ($DOGDUMP)
We will now take a look at each of the above projects in detail to show you why we think they are must-adds to every portfolio.
The above title might seem a bit hyperbolic but trust me if you are not familiar with Pepe Unchained ($PEPU) you too will believe it once you hear about its potential. The project is clearly taking a direct shot at the original Pepe coin ($PEPE) which is very brave indeed. The whole aim of the project is to ‘unchain’ the meme so it can be freed to deliver on its potential.
The chain that the project is referring to is its Layer 1 chain which is quite clever. Pepe Unchained has built its project on top of Ethereum meaning it has its own Layer 2 chain. Firstly, this is great for investors as it means they can stake their tokens for rewards, the gas fees are cheaper, and the transactions are faster. Pepe Unchained doesn’t stop there, however, as it has loft ambitions to be a big launchpad.
We have seen Solana, almost written off as a failed experiment, jump to the top of the market in terms of popularity thanks to the meme coins that have come from its chain. This is what Pepe Unchained wants to not only replicate but better Solana at. If this wasn’t enough to convince you, the presale also happens to be the most successful in meme coin history having raised over $25.5 million.
The meme coin sector has always been a bit of an outlier when compared to the rest of the crypto market. One way this is seen by the fact that despite having so many projects with similar structures they have never been linked under one roof. Well, that is no longer true thanks to Crypto All-Stars. The presale for this revolutionary token has raised over $3.1 million.
The way this project is going to unite meme coins is through staking. Within a year staking has become an integral part of the meme coin market. The vast majority of meme coins that go through presale have a staking system in place. Now, through the Crypto All-Stars Meme Vault, investors will be able to bring other meme coins to this project and stake them for rewards.
That makes it the very first project that will facilitate multi-chain and multi-token staking. There is a long list of coins that are accepted and crucially the big hitters like Dogecoin ($DOGE), Shiba Inu ($SHIB), Pepe coin ($PEPE), Bonk Coin ($BONK), and lots more are included. If you hold $STARS it leads to even more gains as you get 3x the rewards for staking other tokens.
One of the presales that has picked up momentum over the last couple of days is Flockerz ($FLOCK). Since the election results started coming in the presale has raised over $200k bringing its total to over $1.3 million. It's important to note these kinds of movements because it shows that those involved in profit sharing like this project.
We fully agree with their choice and have been on the Flockerz train since it first left the station. We think it is the perfect meme coin for harvesting a big community, this has always proved to be profitable with meme coins. They will do this through their vote-to-earn system. This rewards investors and also gives them a say in what direction the project should go down the line.
This is such a good route for a meme coin project to go down as it will ensure a lot of liquidity and marketing support. The meme at the center of the project is also going to be one that helps its virality. King Birb is a powerful bird who used to rule over a degen community. He then accidentally found himself among them one day and it helped him realize the key to gains is community.
We mentioned in the opening how crypto had gotten the result it had wanted from the election. Unfortunately, despite this most PolitFi tokens have collapsed immediately after the election. The leading token MAGA ($TRUMP) is down over 40% in the last 7 days. That is why FreeDum Fighters ($DUM) is the only token you should be looking at from this category.
The other kind of tokens knew what they were in for. Their aim was to generate as much investment as they could in a short period of time, all the while knowing the token would likely collapse after the election. FreeDum Fighters is different in this regard as it goes through a presale and also has valuable utility thanks to its stake-to-vote system.
Investors who stake their tokens will then be given a chance to vote on the site. Right now that vote is between Kamacop and Magatron. Whoever you choose you are neutered in that staking pool with the one with the fewer votes having higher rewards. The polls will soon update weekly and investors will be able to vote again. The presale is still very new but has raised over $440k.
The launch of Sponge V2 is going to be one of the most anticipated meme coin launches of 2024. Most of this has to do with the other tokens from its ecosystem. As is suggested in the name Sponge V2 is the second version of the original Sponge Token ($SPONGE). This new coin will add a Spongebob-themed P2E racing game to the mix so it's about to get very exciting.
For those who may not be familiar with the original Sponge Token, it's a bit of a cult hero among meme coin enthusiasts. Most of this comes from the resilience it showed last year. It launched during one of the most bearish periods for meme coins in history but still pumped for its investors and injected life back into the sector. The project has come up with an innovative way to ensure that both coins thrive.
It's called stake-to-bridge. How it works ensures the success of both coins. Investors interested in this new version will be first required to purchase and stake the original Sponge Token. When they do this the same amount of $SPONGEV2 tokens are also bought and stored for them. Once version 1 fully sells out then version 2 launches and investors get their new tokens and staking rewards.
Dogecoin ($DOGE), just like the majority of meme coins, received a big boost from the presidential results. However, over the last 24 hours, it is now down over 24% while other tokens continue to grow. There have been, for a long time now, rumblings that the number one meme coin may have its days numbered. DogDump ($DOGDUMP) is the perfect token to buy if you believe this.
This is a Doge alternative that has based its entire project around the negative performance of Dogecoin. Every day that $DOGE finishes in the red after the market closes, the project will burn 0.2% of its total supply. Given how valuable scarcity is in today’s market this could be huge.
Things are looking pretty good for the crypto market right now, in particular, the meme coin sector. If this growth continues it could finish the year at historical highs. Given the quality of the presale projects we have just reviewed we think this is very possible. Make sure these tokens are in your portfolio before that happens.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.