We will be looking at five very promising meme coins that have the potential to make significant gains in the crypto market. Many investors believe that meme coin season 2 is about to begin. Let’s dive into the first coin on our list - Dogecoin 20.
Dogecoin 20
Dogecoin 20 is generating a lot of excitement due to its strategic move of setting the claim date to April 20, also known as international Dogecoin or Doge Day. This launch could lead to a parabolic surge in meme coins, especially those with a dog theme. With over $10 million already raised and 23 days remaining until the token sale is complete, Dogecoin 20 has the potential for a 10x increase in its market capitalization, from $1 million to $15-20 million. While a 100x increase to a $1.5 billion market capitalization is unlikely, it cannot be entirely ruled out. This new coin also aims to address Dogecoin’s existing inflation issue by limiting the number of coins to 140 billion. 25% of the coins are reserved for the pre-sale, indicating a high demand among investors. Participating in Dogecoin 20 may help strengthen the community, generate a snowball effect, and push the meme coin to new heights.
Slothana
Next on our list is Slothana, a meme coin inspired by the Book of Meme. It operates on the Salana network and has already raised $786,000. Meme coins on the Salana platform represent around 12% of the overall meme coin market sector, with a total valuation of $7 billion. In the last 24 hours, meme coins on Salana have witnessed significant price surges. You can purchase Slothana by converting your desired amount of Salana into Sloth tokens. You have the option to use wallets like Phantom, Solflare, Trust, or Coinbase. While the overall allocation and market capitalization at launch are not known yet, the trend of Salana meme coins indicates a high-risk, high-reward opportunity.
Book of Meme
Book of Meme is another Salana-based meme coin that was recently launched. It quickly reached a $1.4 billion market capitalization but has since experienced a 50% correction. This correction may have eliminated weak hands from the market, leaving space for smart money and whales to hold at this level. If meme coin season 2 boosts the prices of popular meme coins like Sheba and Doge, Book of Meme could also witness a significant surge. With a $700 million market capitalization, it holds immense potential.
Floy Floy
Floy Floy is in an intriguing position from a price perspective. It has been consolidating just below its previous price level for 30 days and then experienced a parabolic surge. This pattern suggests the possibility of a similar surge for Sheba Inu. Floy Floy is worth considering as well.
Sheba
Lastly, we have Sheba. While we can’t guarantee the success of any particular coin, monitoring the performance of these five meme coins may be worth your while. To summarize, the coins we discussed are Dogecoin 20, Slothana, Book of Meme, Floy Floy, and Sheba.