The Bitcoin price hit $66k on Friday, kicking off a meme coin mania in the process.
The usual suspects are among the top gainers once again, with Shiba Inu, Pepe and Floki leading the rally.
In fact, SHIB has posted the highest daily gains of any top 100 cryptocurrency on CoinMarketCap.
Mid-caps and low-cap meme coins are also soaring. All eyes are now on presale tokens like PEPU and MEMEBET as they could be some of the next cryptos to explode.
Top Meme Coins Skyrocket - Which Is The Best Large-Cap Investment?
This crypto bull run may very well be the meme coin supercycle.
Even Layer-1 coins like Ethereum and Solana are underperforming, largely because smart investors are using meme coins as beta plays on them.
For instance, while the SOL price is up by a modest 4%, Bonk has surged by 15% on Friday and is back above the $1.6 billion market capitalization.
Bonk’s bullish strength isn’t surprising in the least. It is one of the few meme coins that is live on both Binance and Coinbase, making it one of the safer projects to invest in.
A growing number of experts believe that Bonk is still undervalued, with some suggesting that it could reach a $20 billion valuation.
BONK to $20 billion is incredibly reasonable actually
— Rex (@R89Capital) September 26, 2024
Meanwhile, Pepe is the ideal beta play on Ethereum, with some analysts calling it “leveraged ETH”.
Pepe has one of the strongest technicals of any meme coin. It has broken out of its macro range and multi-month downtrend. The last time it created this pattern, Pepe’s market cap saw an 8x surge. If the trend repeats, it could mean a $32 billion valuation for PEPE by March 2025.
However, Floki could perhaps be the best large-cap meme coin investment.
Floki is a multi-chain meme coin, live on both Ethereum and BNB Smart Chain, which makes it a beta bet on ETH and BNB. With CZ released from prison today, BNB and Floki could both see outsized growth.
The Floki price is up by 20% on Friday, bringing its weekly gains to over 30%.
Shiba Inu is also an attractive investment, considering it is extremely undervalued from its last cycle’s peak. Indeed, SHIB is trading 76% below its all-time high.
However, it will face stiff competition from the new meme coins like Pepe, Popcat and Brett. Investors are also eyeing First Neiro On Ethereum, which is showing consolidatory price action after its meteoric ascent earlier this month.
NEIROCTO and presale meme coins could be some of the cryptos to explode next.
Presale Meme Coins In High Demand - Which Is The Next Crypto To Explode?
The global cutting cycle is expected to provide a strong uptick in crypto market liquidity and meme coin investors are front-running this development. In such a scenario, high-risk high-reward assets like presale meme coins see outsized returns.
For instance, Pepe Unchained (PEPU) is nearing $16 million in its presale funding.
This utility-driven meme coin - which is launching its own Layer-2 chain - has caught the attention of whales. A deep-pocketed investor bought $200k worth of PEPU in one transaction.
Considering that PEPU will launch in the midst of a bull run euphoria, it could well be the next crypto to explode. Some analysts are already calling it the next 100x crypto.
Similarly, whales are bullish on Memebet Token, the native cryptocurrency of Memebet Casino, for good reason.
Memebet Casino is the first-ever meme coin-based casino, a fact which is creating quite a buzz. Players can use Dogecoin, Shiba Inu, Pepe and other popular tokens to wager on the platform. MEMEBET token holders will receive exclusive perks, including P2E airdrops, lootboxes and VIP bonuses.
Consequently, the demand for MEMEBET isn’t surprising. After all, not every project secures a Regional Sponsorship with the Argentina National Football Team. In fact, some analysts are calling Memebet Token the next 10x crypto.
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
