As the cryptocurrency market prepares to enter another bull market, meme coins have come to the forefront with their rapid movements and potential for incredible gains. Several meme coins emerged during the bear market, and many of them disappeared. However, there have been some that have stood the test of time, promising massive gains in their first bull market.
Pepe Coin (PEPE) Leads Meme Coins with Potential
Pepe Coin (PEPE) The rise in 2023 was nothing short of impressive, reaching a market cap of over $1 billion in a bear market. Since then, the meme coin has cooled and its market capitalization has fallen back below $400 million. But for meme coins like PEPE whose community is still strong, the show is far from over, especially when they are yet to see their first bull market.
Considering 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 now on, with the kind of gains that can't be made with companies like bitcoin.
PEPE price draws down to $0.000000934 | Source: PEPEUSDT on Tradingview.com
Memecoin (MEME)
Memecoin (MEME) is a fairly simple cryptocurrency that was launched by the infamous 9GAG team. After finding success with his multiple nft collections on the ethereum network, the MEME release would follow with an airdrop for nft holders.
The notoriety of the 9GAG group is one of the main selling points of this meme coin, which has also obtained a listing on the world's largest crypto exchange, Binance. This popularity of the team behind the project could work very well in its favor as investors clamor for cryptocurrencies with familiarity.
A modest market capitalization prediction for crypto-100x/” rel=”nofollow noopener” target=”_blank”>MEME in the bull market it is $10 billion, which would be 50 times its current market capitalization of around $200 million.
Dog Wif Hat (WIF) Devastates Meme Coins
Dog Wif Hat (WIF) is a Solana-based meme coin that took the meme coin market by storm a few months ago. The token went from a market capitalization of less than $1 million to over $50 million in the space of a month and then peaked above a market cap of $400 million.
WIF, which currently has a market cap of $170 million, 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 gaining a community of cult in the process.
It can be said that WIF is to BONK what Shiba Inu is to Dogecoin. In such a case, the performance of both meme coins could be tied, as cryptocurrency investors expect a bull run like no other this year.
