The meme coin market has not had the best summer but things may start looking up again soon because of some exciting releases that are on the horizon. The downturn, in hindsight, was bound to happen because of the explosive growth it experienced in the first part of the year. In the space of a year, meme coins were becoming the most popular coins on the market.
In the space of six weeks from the beginning of April to mid-May more than one million new tokens were created, with over 370,000 new tokens cropping up on Ethereum, while over 640,000 new tokens were launched on Solana. The crazy thing about this, besides the huge number, is that the majority were meme coins. The over-saturation eventually led to a downturn but in the long run, it's good for investors.
That is because this new competition in the meme coin market has led to innovation and coins now offer more to investors than ever before. That is why we are expecting a big comeback for meme coins in September. There are 6 projects in particular we think are going to grab a lot of investor attention. Here they are:
Pepe Unchained ($PEPU)
Crypto All-Stars ($STARS)
Base Dawgz ($DAWGZ)
The Meme Games ($MGMES)
Shiba Shootout ($SHIBASHOOT)
DogDump ($DOGDUMP)
Let’s now take a look at each of the above projects and show why we think they are must-haves for the upcoming meme coin recovery.
There is no competition when it comes to the most exciting presale on the market right now. Pepe Unchained ($PEPU) has now surpassed over $10.6 million raised. That means it has raised over $3 million in the last two weeks. It just goes to show how popular the new meme coin is that it is raising money at its fastest pace now.
Investors are excited about the potential of this new project as it promises to unleash the full potential of Pepe Coin (PEPE). It was a great token and it can be argued it saved the meme coin market when it pumped from nowhere in 2023 and brought in a whole new wave of investors. However, it has probably come as far as it can because of its layer 1 restrictions.
Pepe Unchained are about to take things to the next level. By building Pepe Unchained on top of Ethereum it gives it its own layer 2 chain. That gives it unlimited room to grow and expand in the future. It's great for investors too as it means faster transaction speeds and of course lower gas fees. That means more room for gains.
Staking has been a huge revelation in 2024. It was a part of some projects before this year but tended to be an afterthought. We could never understand this as it is great for investors and the project. It seems the market has copped onto this and it has become a huge part of new projects. The system has always been the same but now Crypto All-Stars ($STARS) may change the game.
They want to give investors the chance to bring all their meme coins under one staking roof. How it works is if you have any of the top meme coins you will be able to bring them to the Crypto All-Stars Meme Vault. Here you will be able to stake them. You must hold $STARS to be able to do this but once you do you’ll be in line for huge rewards.
In 2024 it is not often you come across a project that might change the crypto market but that is what we have here. The presale is still very new, but it has raised $700k. If you want another reason to be confident in this presale, the project has said that it ‘is the single greatest meme coin project ever conceived.
Base Dawgz ($DAWGZ) is a perfect example of one of these new kinds of meme coins that 2024 has brought us. It is built for the modern-day market and most importantly tomorrow's market too. It finds itself at home on Base but is also available on ETH, SOL, BSC, and AVAX. That means it also gets the benefits that come with all these chains.
The presale of Base Dawgz raised over $3 million. You should check out the presale site not just for everything the coin offers, but also to see how cool it is. When you visit the page the pup at the center of the ecosystem base jumps from the top of the page and floats down via parachute as you explore the page.
Plenty of opportunities for gains with Base Dawgz too. The staking APY% is still over 800% so huge potential rewards here. There is also the share-to-earn promotion that is running during the presale. If you create and share memes on your social channels you can earn points. These points can then be redeemed for $DAWGZ tokens once the presale launches.
Sometimes with crypto timing can be the best asset to a project. The star of summer 2024 was the Olympics if we are to go by entertainment standards. It took over the world for the month it was on as people were glued to their screens following the progress of the games. Purchasing a token that is the official project of the games would be a no-brainer right? That’s The Meme Games ($MGMES).
The project has been very savvy with its presale rollout. It dropped in the middle of the Olympics and will run until the closing ceremony of the Paralympics on September 8th. This means that investors have plenty of time to keep the Olympics alive with this meme coin. The presale has now raised just shy of $400k.
This meme coin of course has its own competition. When investors purchase their $MGMES tokens they will be asked to predict the winner of the 169 m sprint. This will be contested by Dogecoin, Pepe, Dogwifhat, Brett, and Turbo. If you guess the winner of the race correctly you’ll get an amazing 25x presale multiplier. A great chance of gains before the listings even begin.
Shiba Shootout ($SHIBASHOOT) is of course a Shiba-inspired project, but to be honest we think it has a lot more going for it than the second-ever meme coin. The goal of the project is to create a virtual environment that gives the feeling of a Wild West town. Back then a sense of community was very important and that's what they wanted to get across.
The presale has now surpassed $1 million raised as more and more investors trade in their old meme coins for this new fun project. The P2E game has already been a hit with over 1k downloads. Players can come together to share memes, a laugh, and battle it out to see who has the best meme skills. The earning streams don’t dry up just because you’re in the desert either!
There is also the Lucky Lasso Lottery. This is an event the project runs where investors can spend their tokens to enter a draw where they can win huge crypto prizes. There is also the Cactus Staking. Rewards are still estimated to be over 920% so this is another opportunity to earn big. The project also uses Token Governance Roundup to make sure investors have a say in big project decisions.
If you pay close attention to the presale market, especially meme coins, you will have noticed a lot of Doge alternatives. That is not a coincidence. It has long been thought by those in the know that the original meme coin has made a lot of blunders and is now slowly heading to zero. DogDump ($DOGDUMP) is a must-have project if that happens.
The project has basically based everything around the failure of Dogecoin (DOGE). How it works is every time that DOGE finishes the day in the red, they will burn 0.2% of the total allocation of $DOGDUMP. As we know, scarcity is a hugely valuable asset in crypto now so DogDump will become more valuable the worse DOGE does.
So, with better days likely on the horizon for the meme coin market, you are now equipped with the perfect investment guide. These tokens are all in the presale stage so they represent very low-risk options. The upside, on the other hand, is huge so it's a chance to realize huge gains.
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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.