As the bitcoin price crash devastated the cryptocurrency market and left altcoins suffering, it presented a unique buying opportunity for meme coins that may never arrive after this time. So here are the top 3 meme coins that could 10x your portfolio from here.
Solana-based Myro leads Meme coins with potential
Solana-based meme coins have been very popular over the past year and with good reason too. These meme coins have performed very well in such a short time, competing with established ethereum-based meme coins that have existed for years.
With companies like WIF and BONK already surpassing the billion-dollar market cap, the search is on for other Solana-based meme coins that can achieve the same feat, and that's where the token comes into play. Myro. Myro currently has 200 million dollars. market capitalization, making it a prime candidate to surpass $1 billion. However, its most bullish news has been its stock market prices.
Myro obtained a perpetual listing on Binance last month, raising its market capitalization above $400 million for the first time. It has since retreated, but this decline is similar to what was seen with the WIF, which fell back to $180 million at one point. If Myro follows the WIF playbook, then its next upward move could see it surpass the $1 billion mark more than five times over.
Popcat: another Solana meme coin on the rise
Popcat is another Solana meme coin that has been making waves in the space over the past few months. After a long period of consolidation, the price finally broke out in February to reach a new all-time high price of $0.37 in mid-March.
Since then, the price has retraced a little over 50% and is now back to $0.17 with a market capitalization of $167 million. As with most other meme coins, the entire supply of the token is in circulation, meaning there are no more unlocks to come.
At the current market capitalization, reaching the $1 billion mark would be an increase of over 500% for the meme coin. And with the bull market approaching, Popcat's price could rise further, generating a more than 10x return for investors.
Wen Meme Coin (WEN)
Wen (WEN) is another Solana-based meme coin that has arrived in the crypto space in recent months. Starting out as an airdrop for users of the Solana-based Jupiter decentralized exchange, it has quickly grown among meme coin investors as one of the most stable investments.
Like the other meme coins on this list, the WEN token is very promising because it still has a market capitalization of $200 million. This puts it at least a 5x move up to $1 billion, with a possible 10x move when it hits the $2 billion market cap mark.
SOL price shoots to $176 | Source: SOLUSD on Tradingview.com
Featured image from Blockgeeks, chart from Tradingview.com
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