In the current cycle, meme coins have managed to outperform utility coins, with coins like Dogecoin and Shiba Inu remaining prominent players. However, given how much Dogecoin and Shiba Inu have already grown, crypto investors are seeing their gains limited, prompting them to move towards other meme coins for higher gains. So, here is a list of four meme coins that hold a lot of potential in the new month.
MYRO May Outperform Dogecoin
With coins like BONK and Dogwifhat already making waves on the Solana network, they are becoming too big for investors to miss having already reached billions of dollars in market cap. However, one Solana meme coin that has yet to reach this milestone is MYRO.
The MYRO meme coin was known to make waves alongside BONK and Dogwifhat meme coins. However, it has since fallen back, remaining below $200 million in market cap, while other coins have surpassed $1 billion. However, this has made it a good option for investors looking for meme coins that could see a significant upside as a $1 billion market cap would mean a nearly 10x increase from here.
ShibaSwap BONE Joins Promising Meme Coins
ShibaSwap BONE is one of the promising coins launched by the Shiba Inu team. The meme coin is currently trading around the $120 million level, which puts it in a good spot for high-yield investments.
BONE is also the utility token of the Shibarium network, which is used to pay network fees. So, if Shibarium usage grows, demand for BONE tokens is expected to increase as layer 2 network users will need to purchase them to make transactions.
Can WEN outperform the Shiba Inu?
While the Shiba Inu price could see another 10x surge from here to an all-time high, such a surge is limited, especially for investors who don’t have a large portfolio. In this case, meme coins like WEN, a popular coin on the Solana network, may offer better prospects.
WEN is still struggling to reach the $100 million level, but with an average daily trading volume of $10 million, even with the market down, it is still attracting investor interest. This puts it in a good position to rise when meme coins start moving again.
NEIRO Joins Meme Coin Association
The legendary Shiba Inu, Kaboso, who graced the iconic Dogecoin logo, passed away earlier this year, leaving meme fans around the world mourning his passing. Following his passing, his owner was given another Shiba Inu named Nero, and meme fans wasted no time in creating coins bearing the dog’s name.
NEIRO meme coins have appeared across various networks, but the one on Ethereum has been the leader, soaring to over $150 million in market cap. With a daily trading volume of over $100 million, this meme coin may be far from dead as proponents are calling for it to hit the $1 billion mark.
Featured image created using Dall.E, chart from Tradingview.com