The meme coin community is looking forward to a highly bullish April. Two major events strengthen the price forecasts in April. The first of these is Bitcoin halving. The second is more specific to the meme coin market –– Doge Day celebrated on April 20.
Established meme coins like Dogecoin, Shiba Inu, Dogwifhat, Pepe, and Bonk are expected to pump in the coming days. But promising new meme coins offer higher upside potential. The two most-awaited meme coins in 2024 are Slothana and Dogecoin20.
While Dogecoin20 (DOGE20) has already hit its presale cap of $10M, the Slothana (SLOTH) presale is moving at a record speed, raising $5M in less than a week.
On the 7th day, Slothana said, 'Let there be memecoins!' And lo, the crypto world rejoiced as the laziest deity of them all blessed us with meme magic. Unto my fellow believers in the slothful gospel of crypto, may your baskets be full of memecoins this easter🐣 #slothana
— Slothana (@SlothanaCoin) March 31, 2024
Slothana Taps into the Solana Meme Coin Craze With a ‘Lazy Office Sloth’
Solana-based meme coins are the biggest craze in the cryptocurrency market in 2024. They are stealing the spotlight from niches like DeFi and play-to-earn with viral activity.
Leading this trend is Dogwifhat, which currently ranks third on the meme coin list with a market cap valuation exceeding $4.4 billion. WIF’s price has touched $4, marking a staggering 6499.33% increase since January 2024.
That also implies that WIF has reached a saturation point. The third position on the meme coin chart often sees new players, making it a dynamic landscape. In other words, $WIF is expected to see a sharp decline in the coming days. The downtrend has already begun.
The decline can also be attributed to fierce competition from new Solana-based meme coins.
Slothana’s rapid climb, surpassing $5 million in its presale within a week of launch, places it at the forefront of the shifting trend.
Theme and Community Building Give Slothana a Strong Edge
Themed around an office sloth, Slothana resonates with investors navigating the daily 9-5 grind. The fresh theme that has not been explored in the meme coin market before contributes to its instant viral popularity.
While the competition among Solana meme coins is intensifying, Slothana manages to stand out and draw the attention of investors by getting its theme right.
Slothana’s popularity lies in its meticulous design. Although simple on the outside, the project fulfills all the crucial criteria for achieving success in the meme coin market. Its effective community-building strategies are particularly noteworthy.
A community bound by shared sentiments and belongingness is key to the success of a meme coin that is looking for long-term sustainability. Past projects like Shiba Inu are good examples of the trend. As the Shiba Inu community grew and expanded, so did its offerings.
Slothana takes a similar approach, focusing on community building in the early stages.
$SLOTH presale is moving ahead rapidly, signaling a FOMO-fuelled launch within a few days. Crossing the $5 million within a week of launch, the presale demonstrates strong investor interest.
Investors need a Solana-compatible wallet such as Phantom Wallet, Solflare Wallet, Coinbase Wallet, or Trust Wallet to participate in the presale.
Is It Too Late to Buy Dogecoin20?
With Doge Day coming on April 20, another highly anticipated meme coin is Dogecoin20 (DOGE20). Touted as the ultimate upgrade to Dogecoin, DOGE20 was an instant viral phenomenon. Within days of going live, the presale hit its targeted $10M.
But it’s not too late to buy the new meme coin sensation.
Investors can buy DOGE20 for a fixed discounted price of $0.00022 for a limited window. DOGE20’s launch is scheduled for April 20 to capitalize on the meme coin mania that is building up. The presale supports purchases in ETH, USDT, and fiat cards.
DOGE20’s viral appeal lies in its competitive edge against Dogecoin. Choosing the Ethereum network, the new meme coin offers better flexibility in token custody and transactions. Passive earning opportunities and staking functionalities (right from the presale phase) boost the earning potential of early investors.
And the token marks a significant departure from Dogecoin with the adoption of a fixed supply model. It has a more promising short-term and long-term price outlook than Dogecoin, as a result.
