The recent Telegram-based meme coin sensation DOGS is set to go live on Binance on August 26th at 12:00 UTC.
The meme coin will also launch on Binance Launchpool, allowing investors to stake their BNB or FDUSD coins to farm DOGS tokens.
Another new, in-demand meme coin - PlayDoge (PLAY) - is targeting a launch date in late August or early September. Its presale - which has already raised an impressive $6.2 million - is scheduled to end on August 26th.
Rumours are circulating that a Binance listing could be in play for PlayDoge as well.
Smart-money investors are aiming for outsized returns from DOGS and PLAY, with some experts even targetting 20x to 100x returns.
Binance To List DOGS
Binance is showing a strong inclination towards listing new meme coins. Earlier this week, Binance Futures listed Brett coin, the top meme token on Base.
While the selection criteria remain highly selective, Binance does seem to give a preference towards meme coins with strong community backing and innovative utility.
For instance, it will be the first platform to list DOGS, the Telegram-based meme coin phenomenon. Following the Binance listing, the meme coin will go live on 15 other crypto exchanges, including MEXC, Bybit and CoinDCX.
Smart money investors are convinced that DOGS is one of the next meme coins to explode, with some calling it the next Notcoin.
While a dip could be expected after its listing, analysts believe that buyers will be ready to take advantage of any such buying opportunity.
I am bullish may not necessarily means I will be buying lol it also means I will be selling my bag on listing and probably wait for good dip to buy more. I am trading $Dogs like $NOT
— CryptoLord NE 📊📈 (@CryptoDefiLord) August 21, 2024
Meanwhile, Binance is expected to continue its meme coin launch spree. After all, the crypto market stands on the cusp of a bull run, which will very likely be led by meme coins.
Notably, small-scale investors profited millions with new meme coins during the bull run earlier this year. Experts do not see any reason why this phenomenon will not be replicated again in the coming months.
In fact, the September interest rate cuts could result in a larger meme coin mania, owing to the surge of liquidity in the global financial markets. Binance and every other top-tier CEX would be looking to take advantage of that.
Could PlayDoge Secure a Binance Listing?
Similar to DOGS, PlayDoge (PLAY) is receiving strong community backing. The GameFi-themed meme coin has raised over $6 million in its ICO.
Some smart-money investors such as Cilinix Crypto - who has 66k YouTube subscribers - are among the early buyers.
Thanks to this strong community support, rumours are already circulating that PlayDoge could secure a Binance listing as well.
After all, PlayDoge has some striking similarities with FLOKI, which is one of the few meme coins live on Binance. For instance, both are high-utility meme coins and do not rely solely on hype.
Similarly, both have their own play-to-earn games. However, unlike Floki’s Valhalla, PlayDoge’s gameplay is beginner-friendly and highly rewarding. Some gamers are calling it a modern version of Tamagotchi, which allows users to earn free PLAY tokens for completing a series of adventures with their virtual companions.
Finally, both Floki and PlayDoge are multi-chain meme coins, live on BNB Smart Chain and Ethereum. PLAY holders can even stake their coins and earn staking rewards on both chains.
Owing to its unique value proposition and strong early demand, rumours are circulating that PlayDoge could land a Binance listing as well. Even if that does not pan out, PLAY could trade on other top-tier CEXs and DEXs.
Unsurprisingly, smart money investors have been quick to recognise its potential. In fact, some believe that early buyers could net up to 100x returns after its launch.
However, the PlayDoge presale is scheduled to end on August 26th, leaving investors with less than 5 days to buy the meme coin at its discounted price and reap the maximum returns.
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