That’s when Memecoin mania begins again. Once you have your token and place a picture of your dog, cat or frog on it, it’s time to shine!
We discussed the basics of trading earlier this week, but memecoins are a completely different type of cryptocurrency trading. You buy a coin because you think it’s fun and expect a 1000x return. There are no fundamental principles at all, just plain old fun and gambling.
But needless to say, at some point the music stops. So, if you purchase this dog-themed coin and have fun, be sure to make a profit!
As cryptocurrency sentiment becomes more optimistic, we can see several ecosystems thriving and memecoins quickly getting people’s blood pumping. So let’s take a look at several chains and check out the memecoin mania there.
Solana – $BONK launches Memecoin Mania.
Recently we covered the huge surge in $BONK. Solana Memecoin, which airdropped 50% of its supply in 2023, has reached a market capitalization of a whopping $1 billion. After being listed on exchanges like Bybit and Coinbase, memecoin mania began on Solana and other ecosystems.
Other Solana Memecoins
Typically, Degen money rotates. So gamblers are starting to look for the next meme coin? This led to an influx of new coins. Couples that stand out to us include:
- DogWifHat ($WIF)
- Samoyed Coin ($ONLY)
- MYRO ($MYRO)
The best place to get these coins is usually Dex. For Solana Dex you can check out Atlas or Raydium. And who knows, you might even get an airdrop while gambling on memecoins.
Avalanche Meme Coin
While the $AVAX price rose, so did the ecosystem. Inscriptions, NFTs, and memecoins are being called in alpha groups across the internet.
Currently the largest memecoin on Avax is COQINU ($COQ).
With a market capitalization of $161 million, there is room for growth. However, this will only be the case if memecoin mania and avalanche continue the current trend.
You can buy it from AVAX dex like Trader Joe’s or CEX like Kucoin.
Memecoin Decision
The Arbitrum ecosystem has lagged behind the memecoin craze. Can it take the same shape or form as in other chains?
There are two memecoins in $ARB that we would like to keep an eye on. One of them is a picture of a cat and the other is a picture of a dog. Both fit the profile of potential memecoin practitioners when the Arbitrum community decides to have FOMO.
- Nola ($NOLA) – market cap $12 million
- ArbiDoge (ADOGE) – Market cap $4 million
If you want to bet on this coin, check out SushiSwap.
Injective (INJ) meme coin mania has also begun
Lastly, let’s look at the Injective Ecosystem. This particular chain has been naming new millionaires over the past few months. With price and TVL growing rapidly, traders, airdrop farmers, and now memecoin gamblers are printing new $INJ to their wallets.
that much The first meme coin The name of the injection protocol is $NINJA. It’s a dog and it has nunchucks. So logically people imitate that. The current market capitalization is $26 million. Not too shabby for a ninja.
Another option for INJ memecoins is Injection Cat Kira ($KIRA), which has a market cap of $10 million.
You can purchase it at Helium Dex.
final thoughts
We have mentioned several times on this blog that memecoins are the closest thing to gambling you can get in cryptocurrency. But if you make the right bets, you could make your dream of buying a Lambo come true overnight.
Only recently, memecoins are being pumped on chains other than Ethereum. We all know ETH’s old Dogecoin ($DOGE), Shiba Inu ($SHIBA) and Pepecoin ($PEPE). Each coin performed 100x over different market cycles. Therefore, the current trend is to find the next memecoin for the upcoming cycle. Will it be $BONK or one of the others mentioned in this article?
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You might also like our recent content on $BTC price action and Solana airdrops.
