As the crypto market gears up to go into another bull market, meme coins have made their way to the front with their rapid movements and potential for insane gains. A number of meme coins have arisen during the bear market, with many of them dying out. However, there have been some that have stood the test of time, promising massive gains in their very first bull market.
Pepe Coin (PEPE) Leads Meme Coins With Potential
Pepe Coin’s (PEPE) rise in 2023 was nothing short of impressive, rallying to more than a $1 billion market cap in a bear market. Since then, the meme coin has since cooled down, with its market cap falling below $400 million once more. But for meme coins like PEPE whose community remains strong, the show is far from over, especially when they are yet to see their very first bull market.
Going by the growth of meme coins in the 2021 bull market, with the likes of Shiba Inu crossing the $30 billion market cap, the PEPE coin could be quite undervalued at these levels. Reaching the $20 billion market cap mark would mean a more than 50x increase from here, with the types of gains that cannot be gotten with the likes of Bitcoin.
PEPE price draws down to $0.000000934 | Source: PEPEUSDT on Tradingview.com
Memecoin (MEME)
Memecoin (MEME) is a pretty on the nose cryptocurrency that was launched by the infamous 9GAG team. After finding success with their multiple NFT collections on the Ethereum network, the launch of MEME would follow with an airdrop for NFT holders.
The notoriety of the 9GAG group is one of the major selling points for this meme coin, which has also earned a listing on the largest crypto exchange in the world, Binance. This popularity of the team behind the project could play very well in its favor as investors clamor for cryptocurrencies with familiarity.
A modest market cap prediction for MEME in the bull market is $10 billion, which would be a 50x from its current market cap of around $200 million.
Dog Wif Hat (WIF) Takes Meme Coins By Storm
Dog Wif Hat (WIF) is a Solana-based meme coin which took the meme coins market by storm a few months ago. The token rose from less than a $1 million market cap to more than $50 million in the space of a month and then went on to peak above a $400 million market.
Currently sitting at a $170 million market cap, WIF is the most similar to Shiba Inu of all the meme coins that have emerged recently having launched so close to the Bitcoin halving and garnering a cult-like community in the process.
WIF can be said to be to BONK what Shiba Inu is to Dogecoin. In such a case, the performance of both of these meme coins could be tied as crypto investors expect a bull run like no other this year.
Source: https://bitcoinist.com/top-3-meme-coins-bull-market/