As the cryptocurrency market prepares to enter another bull market, meme coins have come to the forefront with their fast moves and potential for huge profits. During the bear market, many meme coins were created and many of them disappeared. However, there were some companies that stood the test of time and promised huge profits in the first bull market.
Pepe Coin (PEPE) is a Leading Meme Coin with Potential
The rise of Pepe Coin (PEPE) in 2023 has been impressive, rising from a bear market to a market capitalization of over $1 billion. Since then, the meme coin has cooled, with its market capitalization falling below $400 million once again. But for meme coins like PEPE, where the community is still strong, the show is still far from over. Especially if you haven’t seen your first bull market yet.
Considering the growth of meme coins in the 2021 bull market, with coins like Shiba Inu surpassing $30 billion in market capitalization, PEPE coin may be significantly undervalued at these levels. Reaching a market capitalization of $20 billion would mean an increase of more than 50x from here, with tangible gains not obtainable like Bitcoin.
PEPE price draws down to $0.000000934 | Source: PEPEUSDT on Tradingview.com
Meme Coin (MEME)
Memecoin (MEME) is a pretty cryptocurrency launched by the infamous 9GAG team. After achieving success with multiple NFT collections on the Ethereum network, the launch of MEME will be followed by an airdrop for NFT holders.
9GAG Group’s notoriety is one of the main selling points of this meme coin, which has also been listed on Binance, the world’s largest cryptocurrency exchange. This popularity could very well work to the team behind the project’s advantage as investors demand familiar cryptocurrencies.
A modest market capitalization forecast for MEME in a bull market would be $10 billion, which would be 50 times its current market cap of about $200 million.
Dog Wif Hat (WIF) is taking Meme Coins by storm.
Dog Wif Hat (WIF) is a Solana-based meme coin that hit the meme coin market a few months ago. The token rose from a market capitalization of less than $1 million to over $50 million in a month before peaking above the $400 million market.
WIF, which currently has a market capitalization of $170 million, is most similar to Shiba Inu of all the meme coins that have emerged recently, launching just as the Bitcoin halving was imminent and gaining a cult-like community in the process.
WIF can be said to act as a BONK, similar to Dogecoin’s Shiba Inu. In that case, the performance of these two meme coins could be tied as cryptocurrency investors expect a bull market like no other this year.