Home Which Meme Coin Will Rise as Bitcoin Sparks a Market Comeback?

Which Meme Coin Will Rise as Bitcoin Sparks a Market Comeback?

In the current hot market, five meme coins have the potential for up to 1,000x returns, assuming favorable conditions. Bitcoin is nearing the $100,000 mark, trading at $96k, with the overall market showing strong bullish trends.

Traditional cryptocurrencies, including layer ones, twos, and altcoins, are also making significant gains. As Bitcoin dominance decreases, the market may soon enter an altseason, which could trigger a meme coin rally. However, the market has not yet fully entered this phase.

Pepe (PEPE)

Pepe the OG has reached a milestone, consolidating at an $8.1 billion market capitalization—a level it has never achieved before. This stability during price discovery reflects strong bullish momentum and significant market conviction.

Such consolidation at these levels is a promising sign, especially for a coin that continues to grow its influence in the meme coin sector. With comparisons drawn to giants like Dogecoin and Shiba Inu, which boast market caps of $50 billion and above, Pepe still holds room for growth.

Projections suggest it could potentially reach a $15 to $20 billion market cap in the future. Pepe recently experienced a pullback after tapping into the $10.45 billion mark, but its resilience highlights its bullish potential.

Its social media following has also grown, with the project adding 6,000 new followers in the past two weeks, bringing its total to 708,000. Despite limited posting activity focused mainly on memes, the community engagement remains strong, further solidifying its standing.

Catslap (SLAP)

Catslap, a new meme coin that has just hit the market, is rapidly contending with popular coins like $POPCAT, $MEW, and $MOG.

Known as the “most slappable crypto meme coin,” Catslap’s concept revolves around a cat-slapping Pepe, creating an engaging gamified experience where users climb up leaderboards in their respective countries.

Catslap Memecoin

Catslap also offers incentives like 20% staking rewards and 10% community rewards, encouraging active participation in its gamified features.

Additionally, there is a 10% development fund and a 10% team allocation, with the latter being vested over 10 years, ensuring long-term commitment to the project’s growth.

Already gaining attention from YouTubers and X influencers, Catslap is rapidly increasing its following, with over 9,000 users engaged. Despite being in its early stages, with a total market capitalization of $42 million and liquidity of $217 million, the project shows strong potential.

The coin’s roadmap includes ambitious goals, such as listing on major exchanges like Binance and dethroning top cat-themed tokens.

Its target market cap is $100 million. Given its current trajectory and community buzz, Catslap could offer significant returns for early investors. To take part in the $SLAP buy and stake, visit catslaptoken.com.

Pepe Unchained (PEPU)

Pepe Unchained is entering its final stretch before the presale concludes, with only a few days remaining until its anticipated listing on major exchanges. These listings could include high-profile platforms like Binance, Robinhood, or even Coinbase.

The presale offers tokens at $0.01295 each, presenting a potential low entry point before the token launches in December, with expectations of a significant price surge.

Positioned as a Layer 2 blockchain ecosystem, Pepe Unchained provides substantial utility alongside its meme-based appeal.

This ecosystem includes a decentralized exchange, a bridge, a block explorer, a staking protocol, and a developer grant designed to attract builders to create decentralized applications (dApps) on the chain.

This innovative approach aims to add long-term value to the network. Pepe Unchained features a total supply of 8 billion tokens with a detailed tokenomics model. Nearly half is allocated for project development to ensure the smooth operation of the blockchain.

Staking and rewards account for 30%, marketing receives 10%, liquidity is set at 7.5%, and 5% is designated for chain inventory.

This structure highlights the project’s commitment to fostering growth, utility, and engagement within its ecosystem. To participate in the $PEPU token presale, go to pepeunchained.com.

Floki (FLOKI)

Floki recently achieved a significant milestone by being listed on Coinbase, a move that bolsters its presence in the cryptocurrency market.

While the anticipated dramatic price surge did not materialize, the listing marks an important step forward for the Floki ecosystem. The token is currently priced at $0.0002339, with a market cap consolidating at an impressive $2.2 billion.

Unlike its earlier history of sharp rises and falls, Floki is now maintaining stability at these elevated price levels, indicating a new, stronger floor. As an ERC-20 token, Floki continues to garner attention in the meme coin sector, building its identity as “Floki the Viking.”

Its ecosystem remains a popular choice among investors bullish on meme coins. Additionally, Floki’s sister token, TokenFi, has been highlighted as another project worth exploring for those interested in expanding their exposure to meme coins.

However, with Floki’s substantial market cap, the potential for dramatic gains, such as 100x returns, has diminished. In comparison, smaller projects like Catslap, with a fully diluted market cap of $42 million, present more speculative opportunities.

For instance, a 10x gain would bring Catslap to $340 million, and a 100x increase could approach Floki’s current scale. Despite this, Floki’s stability and ecosystem development make it a notable player in the meme coin market.

Mother Iggy (MOTHER)

Mother Iggy, the meme coin associated with Iggy Azalea, brings celebrity influence to the cryptocurrency space. While Iggy Azalea may not currently dominate headlines, her involvement in creating and promoting this project adds a layer of visibility and credibility.

As the project’s founder and front-facing representative, her commitment to its success signals a desire to maintain market confidence, which is often a positive indicator for celebrity-backed initiatives.

However, not all celebrity coins have succeeded in the past, as seen with Andrew Tate’s $DADDY coin, which struggled to gain traction. Mother Iggy, built on the Solana blockchain, presents an intriguing case for investors who favor celebrity-endorsed projects.

Despite a recent decline in market cap from $88 million to $49 million, some may view this dip as an opportunity for dollar-cost averaging, especially considering its historical tendency to rebound from similar levels.

While opinions on its long-term potential vary, there’s cautious optimism that the project could see a resurgence. If you’re looking for investment opportunities that could offer big returns and increase in value during the next bull run, check out our guide here for the best crypto presales of 2024.

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The ReadWrite Editorial policy involves closely monitoring the tech industry for major developments, new product launches, AI breakthroughs, video game releases and other newsworthy events. Editors assign relevant stories to staff writers or freelance contributors with expertise in each particular topic area. Before publication, articles go through a rigorous round of editing for accuracy, clarity, and to ensure adherence to ReadWrite's style guidelines.

Alvin Hemedez
Crypto Writer

Alvin Hemedez is a cryptocurrency analyst, finding a talent for the technical side of blockchain with his background and degree in Industrial Engineering. Hailing from Los Baños, Calabarzon in the Philippines, Alvin's work experience includes managing the eCommerce side of Shopee PH, Singapore and South East Asia's equivalent of Amazon with a base in the Philippines. Alvin's current news coverage on ReadWrite includes a special focus on emerging projects and new ICOs.

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