Holding newer, lower market cap meme tokens has returned a higher ROI this month than DOGE and BTC, the standout performer being Dogwifhat (WIF).
Solana meme coin WIF is still +33% on the week despite Bitcoin dipping into the red, correcting from yesterday’s all-time high of $73,950 to an intraday low of $65,550 on Friday.
Bonk, FLOKI, Milady Meme Coin, Myro, Pepe, and Shiba Inu have also outperformed in March versus the $23 billion market cap of Dogecoin – over eight times the valuation of Dogwifhat.
Best Meme Coins To Watch – Analyst Picks
The DOGE price has doubled since as recently as mid-February – pumping from $0.08 to $0.16 today – but many traders are looking elsewhere for even higher potential Dogecoin alternatives.
This week popular meme coin investor and Discord trading group founder Jacob Crypto Bury listed his top tokens to watch, including old and new meme coins:
Dogecoin20
Brand new meme coin launch Dogecoin20 (DOGE20) topped his list being a multi-stage presale with high APY staking.
He compared it to the success of recent projects Techopedia also reviewed such as Meme Kombat (MK) which rose over 500% from its stage one presale price to its current ATH.
🚀 #DOGE20 isn't just another Shiba Inu-inspired derivative.
Upholding Dogecoin’s ethos to Do Only Good Everyday, it offers passive rewards through on-chain staking. 🌱🌟
Embracing a greener, more sustainable future with the most widely loved #Memecoin in the world! 🐶 pic.twitter.com/zqlONodRPB
— Dogecoin20 (@DOGE_COIN20) March 14, 2024
Built on the Ethereum chain, DOGE20 aims to be a greener and more versatile version of Dogecoin with a capped total supply, in contrast to the inflationary Dogecoin with its infinite supply.
Dogecoin20 has raised over $280,000 at the time of writing and its APY is just over 1,800%, giving early buyers who opt to stake a significant reward rate.
Shiba Inu
Despite being the second largest meme coin with a $17 billion market cap, Shiba Inu has had a strong 2024 so far – up 180% year to date.
Jacob predicts the Shiba Inu price could rise ‘another 2-3x in the coming days’ after a period of consolidation to hit the 2.618 Fib of its current uptrend at $0.00008675.
He notes that the Shibarium ecosystem is constantly building and a Robinhood-linked SHIB whale wallet has accumulated over 332 billion tokens.
Bol
Another low market cap meme coin that Solana developers including the Phantom wallet CEO have engaged with is Bol (BOL).
Winners of meme contest:
🐀🐀🐀🏀🏀🏀— bol (@bolratcoin) March 15, 2024
A play on Dogwifhat, this ‘rat with a ball’ meme token currently has a market cap of just $1.6 million.
Still, very early in its roadmap, Bol launched on Raydium on March 11th and is steadily building up a community on Twitter.
Jacob is expecting a bounce on $BOL with its first CEX listing, rumored to be on MEXC.
Smog
Jacob tipped another Solana meme coin Smog (SMOG) at $0.01 and its current all-time high is just under $0.39.
An early buyer, potentially one of my Discord VIPs made $75k profit from a $9k investment in $SMOG launch yesterday, join Discord here for calls – https://t.co/PwLzsXmvLE pic.twitter.com/fUeElbXKbF
— Jacob Crypto Bury (@BuryCrypto) February 8, 2024
Today trading at $0.21 with a $290 million market cap, $SMOG launched on Feb 7th and centers around building a community with its airdrop campaign and 42% APY staking rewards.
Baby DogeCoin
One of Jacob’s reasons for watching Dogecoin-related tokens such as Dogecoin20 was Elon Musk recently stating at Giga Berlin that it will be possible at some point to buy a Tesla with DOGE.
The billionaire’s support for the DOGE meme could have a knock-on effect on lower market cap alternatives, with Baby DogeCoin (BABYDOGE) being another popular derivative.
$BABYDOGE is up over 110% in the past month and currently is ranked as the 8th largest meme coin on CoinMarketCap, just behind Memecoin (MEME).
Unlike the meme coins in the top seven spots above, BABYDOGE is not yet listed on Binance, potentially making it undervalued.
Related
New and Upcoming Binance Listings in 2024
New Meme Coins to Invest In 2024
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