The crypto market is bouncing back after a dip. Solana sensations Dogwifhat and Slothana rule the meme coin domain.
Dogwifhat pumped 14% on the daily chart. Slothana’s viral office sloth, on the other hand, broke past the $10M milestone. $SLOTH’s grand reception hints at an explosive launch in the next few days. DOGE20, on the other hand, is preparing for its official listing on Doge Day.
A Turbocharged April is Underway
The mounting craze around Bitcoin halving is expected to send high-cap assets like BTC, SOL, and ADA up the charts over the next few days.
Bitcoin 1-week price action, CoinMarketCap
Meme coins, however, are looking at bigger volatility with the much-awaited Doge Day on April 20. Tokens launched in the turbocharged environment, in particular, are expected to moon. While high-cap assets like DOGE and WIF can surge in two-digit ROIs, viral coins like $SLOTH have the potential to pump anywhere from 10X to 100X depending on the broader market sentiments.
But the meme coin market is not limited to DOGE, WIF, or SLOTH. There are more contenders looking to make the most of Doge Day. Here is a detailed list of four meme coins that are garnering growing traction ahead of April 20.
1. Dogwifhat – Can the Solana Sensation Live Up?
Dogwifhat (WIF) took the third spot in meme coin rankings a few days back. Soon after, it began descending the charts. But now, it’s back on track again.
Dogwifhat 1-week price action, CoinMarketCap
The question remains: How long can Dogwifhat hold onto the third ranking?
The third spot is known for its bias toward novelty. It has seen new faces over the last few months, from Pepe to BONK and WIF.
Although the first two positions held by Dogecoin and Shiba Inu are too hard to break into, that’s not the case with the third position. It welcomes new projects regularly.
The historical analysis of the meme coin market shows that Dogwifhat is unlikely to maintain its current market cap of $4B. Due to the fierce competition, meme coin investors regularly update their portfolios to accommodate new assets. Their low market cap leaves plenty of room for early returns. That substantiates the growing FOMO around Slothana.
2. Slothana at $10M – The Next Big Meme Coin of 2024
The latest meme coin to steal the spotlight is Slothana (SLOTH). The token launched its presale a few days back, and has raised $10M so far. The increasing traffic to the presale and the social media reception of the project indicate a FOMO-fuelled launch.
While top meme coins like DOGE, WIF, and SHIB are struggling to come to the forefront amid Bitcoin dominance, Slothana has been attracting strong investor interest.
Slothana’s playful theme, featuring an office sloth, has gone viral on the internet. The meme coin succeeds in building relatability with individuals who are familiar with the traditional 9-5 routine. With this unique and cleverly simple narrative, it taps into a novel concept. At the same time, it stands out among the abundance of dog and frog-themed coins.
🚀 Get ready to blast off with Slothana! 🌿 We're gearing up for launch and this is your last chance to grab your $SLOTH 🌕 Don't miss out on the action as we prepare to announce our official launch date. Watch this space. #slothana #memecoin
— Slothana (@SlothanaCoin) April 8, 2024
Although the targeted $10M has been raised, the presale will continue for a few more days to ensure a fair launch. The short window is expected to close soon, with the exchange launch nearing.
3. DOGE20 Will List on Doge Day
Doge Day doesn’t just celebrate Dogecoin, but also the remarkable growth of the meme coin market over the years.
Dogecoin20 (DOGE20) unlocks the fervor mounting up to Doge Day. While the name taps into short-term speculative FOMO, the value propositions have helped the project attract diamond hands. It recently crossed the $10 million mark in its presale.
This is how the new dog coin maintains strong appeal and competitive advantage over Dogecoin:
- One key factor that helps DOGE20 stand out is its fixed supply model. Dogecoin’s infinite supply model is notorious for a 74% decline in value since 2021. DOGE20 effectively tackles this problem by capping its supply.
- Attractive passive income opportunities through staking right from the presale phase, empowering investors to start earning rewards early on.
- The use of the Ethereum network further adds to DOGE20’s appeal by providing user-friendly token custody, low transaction fees, and efficient transactions.
As in the case of Slothana, investors interested in DOGE20 have a short window to purchase the token at a discounted rate. It will list on April 20th.
4. SMOG Season 2 Kicks Off
Crypto airdrops are trending this year. Much of it has to do with the success of SMOG’s dragon-themed quests that captured widespread attention. In fact, the SMOG Season 1 Airdrop Campaign saw over 7.5 million quests completed.
The second season of airdrops is underway, strengthening the chances of a rally in the coming days. Buying directly from the website, investors can grab a 10% discount on SMOG directly from the official website.
