The meme coin market is on the cusp of a major bull run.
Memes have outperformed every other asset class during this crypto cycle, with the trend likely to continue in the coming months.
Experts believe investors can see 10x returns in the upcoming bull run, simply by diversifying their investments across large-caps and new meme coins.
8 Best Meme Coins To Buy
The US Federal Reserve is all set to cut interest rates in September, a decidedly bullish scenario for risk assets such as crypto and meme coins.
However, markets are forward-looking and crypto prices could skyrocket in August itself as investors front-run the rate cuts. Investors therefore may have an extremely short window to prepare for the upcoming bull run.
Fortunately for them, several large-cap and mid-cap meme coins are near their local bottoms after the crypto crash earlier this month, presenting excellent buying opportunities for the sidelined investors.
Additionally, new meme coins are surging in demand. Owing to their low market capitalization, they can often offer much higher returns, as seen during the bull market earlier this year.
We list the 8 best meme coins to buy to see 10x returns in the next bull run.
Dogecoin (DOGE)
Dogecoin is our top pick for the best meme coin to buy.
Despite its high market capitalization, DOGE remains highly undervalued. It is trading at $0.106 at press time, 85% below its previous all-time high.
Despite its underperformance thus far, analysts have continued to highlight that Dogecoin is replicating the same pattern that it created before skyrocketing in 2021. Consolidation inside a descending triangle followed by a pull-back. Therefore, a 10x rally in the coming months would be nothing out of the ordinary for the top meme coin.
I haven't sold one single $DOGE. I've just been buying!#Dogecoin is playing the same pattern we've seen before. It consolidates in a descending triangle, sees a 140% to 230% rally, and retraces by 56% to 60% before entering a bull run.So now we just wait!!! pic.twitter.com/YKtOYJd638
— Ali (@ali_charts) July 25, 2024
After all, DOGE remains Elon Musk’s favourite cryptocurrency and is rumoured to be integrated into the X platform. Musk also hinted that Tesla could soon accept DOGE payments for its EVs.
Therefore, Experts remain confident that DOGE will create a new all-time high during this bull cycle. In fact, $1 could be the likely target, which means that new buyers could still see nearly 10x returns.
Shiba Shootout (SHIBASHOOT)
Shiba Shootout is our pick for the best new meme coin to buy for 10x returns.
In fact, some analysts such as Yellow Trades - who has nearly 60k YouTube subscribers - believe that early presale buyers could even see up to 100x returns from SHIBASHOOT.
Shiba Shootout has been in high demand from the very start of its Initial Coin Offering (ICO). having already raised over $920k from early investors. Its Wild West theme appears to have struck a chord with meme coin investors and so has its plethora of cowboy-themed rewards.
Indeed, investors can choose from Lucky Lasso Lotteries, refer-to-earn Posse Rewards and Savings Saddlebags. Its staking program - known as Cactus Staking - is also in high demand, considering it is currently offering passive income at an APY of over 1000%.
Finally, gamers can enjoy the Shiba Sharpshooter game and earn free SHIBASHOOT tokens as an added bonus.
Pepe (PEPE)
Unsurprisingly, investors can still make 10k returns - perhaps more - with the Pepe coin.
In a cycle dominated by Solana meme coins, Pepe has continued to deliver outsized returns on Ethereum. In fact, smart money investors are now viewing PEPE as a beta bet on ETH, owing to the strong correlation between the two.
This means that the frog-themed meme coin is nowhere near its cycle top. After all, experts believe that the Ethereum price could reach as high as $10,000 in 2025, owing to the bullish impact of spot ETH ETFs.
Considering that Pepe acts like leveraged ETH, analysts believe that it can reach a $50 billion valuation.
$PEPE will easily go to $50bil marketcap this cycle IMO.
— Mister Crypto (@misterrcrypto) August 10, 2024
After all, Dogecoin - the top-performing meme coin in the previous cycle - peaked at over $80 billion. Therefore, the $50 billion target isn’t impossible for the Pepe coin, considering it could be the top-performing meme coin in this cycle.
Pepe Unchained (PEPU)
Pepe Unchained is another new, low-cap meme coin that could offer 10x returns.
It’s not without any reason that this new token has raised over $8.2 million in its presale in a few short weeks, despite the uncertainty in the broader crypto market.
This is because smart money investors recognize the upside potential of frog-themed meme coins. Following in the footsteps of Pepe, other coins such as PeiPei, PepeFork, PepeCoin and Apu Apustaja have seen remarkable growth.
Pepe Unchained could be next in line, especially considering it is launching its own Layer-2 chain to combat the high trading fees on Ethereum.
This bold move could prove to be a game-changer. The low trading costs and high staking rewards it aims to offer could result in significant retail investments, something that other ERC-20 meme tokens struggle at.
Unsurprisingly, smart money investors are bullish on its upside potential, with some even expecting up to 50x returns.
Popcat (POPCAT)
After dogs and frogs, it is only fair that the top cat-themed meme coin features in our list of best meme coins to buy.
Popcat is currently trading at $0.58, with a market capitalization of $570 million. Experts believe that now could be a good time for sidelined investors to buy the meme coin.
For instance, Bluntz - the top trader on Bybit with nearly 270k X followers - revealed today on Monday that he is opening long positions on Popcat. He highlights that the sharp decline in the token’s open interest - followed by a bullish divergence - provides an excellent opportunity to go long on the meme coin.
OI nuking again into bull divs.GM, bidding $popcathttps://t.co/zHX9WYRMOM pic.twitter.com/7Q1qIvxuO9
— Bluntz (@Bluntz_Capital) August 11, 2024
Other analysts believe that Popcat could see a peak market capitalization of $5 billion to $10 billion, which means that new buyers can still 10x their investments in the token.
Base Dawgz (DAWGZ)
Smart money investors are not underestimating Base meme coins for the next crypto bull run.
OI nuking again into bull divs.GM, bidding $popcathttps://t.co/zHX9WYRMOM pic.twitter.com/7Q1qIvxuO9
— Bluntz (@Bluntz_Capital) August 11, 2024
A new meme token - Base Dawgz - is seeing strong early demand, having already raised nearly $3 million in its presale. Some analysts believe that it could follow in the footsteps of Brett, the top Base meme coin which has a market cap of nearly $1 billion.
In fact, Base Dawgz may offer even higher returns, owing to its low market capitalization.
However, DAWGZ’s scope isn’t limited only to Base. Rather, it is a multi-chain meme coin which will also go live on Ethereum, BNB Smart Chain, Avalanche and Solana. This move is expected to maximize its brand awareness amongst meme coin enthusiasts and result in much higher gains.
Buyers can even stake their coins on any chain and earn attractive staking rewards.
Additionally, innovative concepts such as share-to-earn and refer-to-earn have also increased its demand.
Neiro Ethereum (NEIRO)
Neiro Ethereum has been the latest meme coin phenomenon, backed by the support of Dogecoin and Shiba Inu holders.
https://x.com/WhaleInsider/status/1822211050709651846
Neiro is the rescue dog adopted by @kabosumama. She was also the owner of Kabosu, the Shiba Inu dog behind Dogecoin.
Unsurprisingly, Neiro Ethereum is outperforming almost every meme coin and is up by 92% over the past week. It has a market capitalization of $240 million in just over two weeks. Experts remain confident that this meme token is headed to billions and presents an excellent opportunity for 10x returns.
PlayDoge (PLAY)
PlayDoge - an in-demand, low-cap gem - rounds up our list of best meme coins to buy.
Following in the footsteps of Floki, Notcoin and Hamster Kombat, PlayDoge is a high-utility meme coin with play-to-earn utility. Indeed, its Tamagotchi-style gameplay is in high demand, with some experts calling it the next big crypto game.
PlayDoge has other striking similarities with Floki. For instance, it is also a multi-chain meme coin that will go live on Ethereum and BNB Smart Chain.
Furthermore, it also has its native staking program. Both ETH and BNB buyers can stake their PLAY coins and receive lucrative staking rewards.
Owing to its unique value proposition and low-cap status, experts believe that PlayDoge could see over 10x growth after its launch.
Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
