New memecoins are attracting funds from investors who are cashing in their profits in tokens such as Book of Meme (BOME) and Shiba Inu (SHIB).
DinoCat (RAWR) and Furrari (FURRARI) are tokens that were both launched on 10 April, and they’re set to benefit massively from investors in other, larger memecoins, such as Book of Meme (BOME) and Shiba Inu (SHIB).
This is because these investors are redeploying their profits into smaller cap tokens, as they have potential for explosive growth due to their small market capitalizations.
For example, DinoCat has a market capitalization of just $9,000, while Furrari coin’s market cap is around the $14,000 mark.
And, with both of these coins set to announce bullish catalysts later in the week, their price is poised to surge 2,200% and 1,800%, before the end of next week.
This would still give them a market cap below $250,000 each, meaning both Furrari (contract address: 9oG3T8UMkFcjEEBQaEsU71B6Sa9grMbbP2SmKu6ed1T4) and DinoCat (contract address: 9khQG9Esv15TWf2F4kdx2ULmbhDvJQS7sDGPBpKLEA4G) would have plenty more potential for further, explosive gains.
These two tokens are currently only available to be traded on decentralized exchanges, such as Raydium and Jupiter.
The rise of these two new, cat-themed memecoins comes amid Book of Meme (BOME) and Shiba Inu (SHIB) trading sideways and posting sluggish gains in recent weeks.
For example, BOME is down 18% in the last 7 days, while SHIB has posted gains of just around 4%.
And, with smaller cap memecoins offering astronomical potential returns to early investors, it is not surprising that many memecoin traders are ditching SHIB and MEME for DinoCat (RAWR) and Furrari (FURRARI).
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