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Meme coins are back in the spotlight as investors gear up for the crypto bull market.
All indicators point towards a strong meme coin rally starting in August, with large caps including Dogecoin and Dogwifhat poised for an explosive breakout.
There is a significant demand for new meme coins as well, which could potentially offer much higher returns due to their low-cap status. Notably, several small-scale investors became millionaires during this year’s first-quarter bull rally, simply by investing early in new meme coins.
For instance, a trader – who wasn’t an insider – turned $861 into $657k in a span of 5 hours by buying $MOTHER early.
In just 5 hours, this trader turned $861 into $657K, a gain of $762x!
He spent 5.14 $SOL($861) to buy 86.55M $MOTHER(8.66% of the total supply) and sold 80.41M $MOTHER for 3,035.5 $SOL($509K).
He currently has 6.14M $MOTHER left, worth $148K.
He should not be an insider.… pic.twitter.com/8mLAD8aGm8
— Lookonchain (@lookonchain) May 29, 2024
Experts believe that there will be plenty of such opportunities in the coming months as well, especially after the start of the crypto bull run.
Dogecoin, Dogwifhat Prices Set To Explode
With the meme coin market poised to break out, all eyes are currently on Dogecoin and Dogwifhat, two dog-themed meme coins that can deliver outsized returns.
Dogecoin is one of the most under-valued meme coins on the market, currently trading 83% below its previous all-time high. However, this could change in the next few weeks.
In fact, experts remain confident that the DOGE price will peak somewhere near $1 during this bull cycle. Their conviction has only increased after Elon Musk’s public support of former US President Donald Trump, who is now the favourite to win the White House in November.
Notably, Dogecoin is Musk’s favourite cryptocurrency and is expected to skyrocket as the odds of a Trump victory increase.
Interest rate cuts from the US Federal Reserve – expected to start in September – should also catapult the DOGE price higher, owing to the meme coin’s historic correlation with the M1 money supply.
Similarly, experts are bullish on Dogwifhat, which is currently trading 50% below its all-time high. WIF has emerged as the top beta play on Solana and with the odds of SOL ETF approval rapidly increasing, it is poised to rally in the coming weeks.
Popular crypto trader Bluntz (@Bluntz_Capital) – who accurately predicted the local top and bottom for WIF – believes that the meme coin could potentially reach $11 by the end of this year.
don't be afraid to dream a little bigger.$WIF https://t.co/zWSk5xicri pic.twitter.com/7XxUJrWAzu
— Bluntz (@Bluntz_Capital) July 1, 2024
5 New Meme Coins To Buy
While Dogecoin and Dogwifhat are safe long-term bets, they can only offer limited returns, owing to their high market capitalization. On the contrary, new meme coins can offer much higher ROI.
With DOGE and WIF set to break out, several low-cap dog meme coins are also expected to bounce.
We list the 5 best new meme coins to buy before the next bull market starts in August.
The Meme Games (MGMES)
The Meme Games is one trending pick for the best new meme coins to buy. Several crypto YouTube channels have positively reviewed the new token, with some even suggesting the possibility of 100x returns.
The Meme Games is capitalizing on the hype surrounding the upcoming Paris Olympics, with rumours circulating that it could be labelled as the official cryptocurrency for the event.
Even without it, MGMES is in high demand, thanks to its rewarding P2E gameplay.
Indeed, players can participate in The Meme Games and win a 25% bonus on their presale investments. They simply need to purchase MGMES tokens in the presale and select their challenger from the 5 available memetic options. These include the American Doge, French Pepe, German Brett, Italian Turbo and this British Dogwifhat.
The outcome of a game will be completely random, giving players a 20% chance to win the bonus.
With such lucrative rewards up for grabs, it is no surprise that The Meme Games presale has seen over $160k in early investments in just 48 hours.
Visit The Meme Games Presale PlayDoge (PLAY)
PlayDoge is another dog-themed GameFi meme coin that is in high demand, having already raised over $5.7 million in its ICO.
In fact, the new meme coin has been drawing comparisons to other successful GameFi projects including Notcoin and Hamster Kombat, owing to its strong early demand.
The PlayDoge game is capitalizing on the strong nostalgia of Tamagotchi, the popular pocket toy which became a global phenomenon in the 90s. Similar to Tamagotchi, players get to own the iconic Doge character as their pet, which they can interact with using a smartphone.
They must play with, feed and train their pet or risk a penalty for negligence. More importantly, they can complete a series of classic 2D games and earn handsome rewards, on top of attractive staking income. In fact, PlayDoge offers multi-chain staking, both on Ethereum and the BNB Smart Chain.
Thanks to its P2E utility, multi-chain status and high staking rewards, smart money traders have likened PLAY to Floki, calling it one of the top new meme coins to buy now.
Visit PlayDoge Presale Shiba Shootout (SHIBSHOOT)
Shiba Shootout is another low-cap meme token that has caught the attention of both smart money traders and retailers alike.
In a few short weeks, the Shiba Shootout presale has close to $700k in early investments.
Shiba Shootout has provided a fresh Wild West touch to the iconic Shiba Inu dog, coming up with legendary characters such as Marshall Shiba and his trustee sidekicks, the Shiba sharpshooters.
The project has a plethora of lucrative rewards in store for the token holders, starting with its play-to-earn game that is already out on Google Play and App Store.
It has also launched “cactus staking”, currently offering a reward rate of over 1400% for early presale buyers. Similarly, investors can take advantage of Lucky Lasso Lotteries, Posse Rewards and Campfire Stories to maximize their returns.
With rewards galore for SHIBASHOOT holders, it is no surprise that experts have called this new meme coin a low-cap gem that could potentially deliver up to 100x returns.
Visit Shiba Shootout Presale WienerAI (WAI)
WienerAI has been one of the most successful presale projects of 2024, raising well over $7 million in a few short weeks. This number is expected to be much higher by the end of July, considering that its presale is set to end on July 31st.
After all, WienerAI is not an ordinary run-of-the-mill token. Instead, it combines the popularity of memes with the cutting-edge utility of AI.
Indeed, the project is building its own AI Trading Bot, which it is portraying as the ChatGPT of crypto. WAI token holders can ask all investment-related queries, receive MEV protection and take advantage of seamless swaps, all at no extra costs.
Additionally, investors can stake their holdings and earn passive income starting from the presale itself. However, interested buyers now have just 11 days to buy this new meme coin at its discounted presale price.
Indeed, the WienerAI price could be much higher after its IEO, especially considering that popular crypto influencers are publicly bullish on it.
Visit WienerAI Presale Base Dawgz (DAWGZ)
Base meme coins could potentially be the new meta, especially after the resounding success of Brett.
Smart money trades have also identified that Base tokens are highly undervalued, with Brett being the only coin with a market cap north of $100 million.
However, some experts believe that Base Dawgz could be the next Brett, making it one of the best new meme coins to buy now.
With innovative concepts such as share-to-earn and refer-to-earn, DAWGZ has quickly caught the fancy of meme coin enthusiasts. Furthermore, while it is native to Brett, DAWGZ will also go live on Ethereum, Solana, BNB Smart Chain and Avalanche, which could be excellent for its post-launch price potential.
Being a true multi-chain meme coin, Base Dawgz offers high staking rewards on all its chains. The Solana staking is currently in the works.
Thanks to its high potential upside, the Base Dawgz presale has already raised over $2.5 million in early investments.
Visit Base Dawgz Presale
*Cryptonomist did not write the article or test the platform.