The drop in Bitcoin prices below $57,000 has caused a downturn across the cryptocurrency market, with meme coins taking the hardest hit due to their lack of practical use and reliance on sentiment and speculation for movement. Known for their extreme volatility, these meme coins could experience significant losses but are also likely to see larger gains as the market recovers. Here’s a list of promising meme coins with a market cap under $70 million that could be worth considering during this dip
WOJAK Joins Promising Meme Coins
WOJAK was one of the cryptocurrencies that emerged during the peak of PEPE hype in 2023. While many other coins failed, WOJAK survived and even produced some crypto millionaires along the way. However, since then, its price has dropped due to a decrease in WOJAK coin participation, leading to an over 76% drop from its record high
Despite the WOJAK coin’s market cap falling below $70 million due to the cryptocurrency market downturn, this situation might offer a beneficial opportunity for investors. They now have the chance to purchase the coin at a reduced price, which could potentially enhance their profit margins if there is a market rally in the future
Here’s a simpler way to rephrase: The WOJAK token closely mimics the behavior of PEPE, which currently ranks among the largest meme tokens in the market. In this case, it is advisable to prioritize the better performance of PEPE prices, as this will enhance the WOJAK price
Neiro On ETH (NEIRO)
As a researcher delving into the cryptocurrency realm, I’ve recently come across NEIRO – one of the more recent meme coins to make its debut in 2024. This intriguing digital asset was birthed following the acquisition of a new Shiba Inu dog named Nero by the owner of the iconic Dogecoin‘s Kabosu. It seems that this adorable canine has inspired quite a stir in the crypto market thus far!
After the unveiling of its name, dog-themed meme coins began to multiply across numerous platforms, but the one on Ethereum proved most successful, reaching over $200 million in market capitalization. However, since then, the coin has experienced a significant plunge, approximately 90%, which has brought it down to around $50 million in market capitalization
Reimagining the meme coin by lowering its initial offering price: While this might attract investors from altcoins, it could also present an opportunity to acquire a low-priced Neiro meme coin. At a below $70 million market cap, it exhibits nearly a 600% increase from here to its original peak
Betting On Meme Coins With MANEKI
In early 2024, MANEKI coin entered the realm of meme coins, garnering popularity when Solana blockchain was trendy. Swiftly, the Chinese cat-themed coin amassed a significant fanbase, and its market value swelled to an impressive $270 million
Nevertheless, similar to other meme tokens, MANEKI has experienced an 83% drop from its peak, lowering its market capitalization to around $70 million. This makes it an attractive opportunity for investors seeking a potentially profitable meme coin to invest in
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2024-09-05 18:42