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The cryptocurrency market is known for its volatility and high upside potential. However, the meme coin subcategory takes this reputation one step further, providing a very high-risk, high-reward investment opportunity for those who dare to take part.
Over the past few years, Dogecoin has become a major figure in meme coins, turning many investors into meme coin millionaires. One of these investors is Glauber Contessoto, known as The SlumDOGE Millionaire.
However, the SlumDOGE Millionaire is not satisfied with his huge Dogecoin profits. Instead, investors are eyeing the next type of high-potential meme coin, which seems to happen every few months, with the surge of successors like Shiba Inu and Pepe.
SlumDOGE Millionaire regularly tweets about his upcoming plays. For example, he recently stated that $BREPE is the game today.
Next, the beginning Dogecoin investors often ask their audience about what meme coins they bought.
Despite enjoying significant gains from Dogecoin, SlumDOGE Millionaire is still looking for the next meme coin to explode.
With that in mind, let’s explore the best low market cap meme coins, which are likely to surge in the coming weeks and months.
At the Forefront of Meme Culture Wall Street Memes Announces Tier One Exchange Listing After Raising Over $25 Million
Wall Street Memes is currently the most likely meme coin to explode, having experienced a very successful presale that raised over $25 million.
The project was created by social media brand Wall Street Memes, which currently has over one million followers across all platforms. This was a major part of its initial pre-sales success, but many prominent analysts also took part in the project, such as Michael Wrubel (with over 300k subscribers).
However, this project received more social appreciation. CEO of Tesla, X, and SpaceX, Elon Musk, has engaged with Wall Street Memes on social media several times. Considering Musk’s impact on the price of Dogecoin, this is especially important regarding the potential of Wall Street Memes.
Due to the overwhelming success of the pre-sale, Team Wall Street recently announced that multiple tier one exchange listings will occur within 19 days. Tier one exchange listings are another factor that dramatically influences meme coin prices, as seen when Pepe exploded following its listing on Binance.
To celebrate the pre-sale, Wall Street Memes is holding a $50K airdrop. Prizes will be split between five winners, and participants earn up to seven appetizers each by completing simple tasks such as joining a Wall Street Memes social event.
However, with exchange listing just 19 days away, investors must act quickly to secure their $WSM tokens on the project website, wallstmemes.com.
Meme Coin HarryPotterObamaSonic10Inu ($BITCOIN) Soars to Highest Market Cap of $170 Million
Another meme coin that could be snapped up by SlumDOGE Millionaire and the whales is HarryPotterObamaSonic10Inu. It launched in June, and after a gradual start, the project soared to a market cap of more than $170 million in August.
BITCOIN has sold off since then, currently holding a market cap of $68 million, at a price of 0.06758.
It has declined by 10% in the past day, 18% in the previous seven days, and 24% in the past month. However, this could be a great buying opportunity if it recovers.
HarryPotterObamaSonic10Inu is unique in several ways. First, its nonsensical name and abstract website design somewhat differentiate it from other meme coins. Additionally, the project references Bitcoin, including the ticker symbol $BITCOIN, and describes itself as a “store of value.”
Ultimately, this project is a concoction of unique ideas that results in an exciting and explosive project. Considering the tokens have sold out in recent weeks, this could be an ideal time to buy before the next move.
Pepe Alternative Shiba V Pepe ($SHEPE) Tops DEXTools Trending List
After launching on August 29, Shiba V Pepe ($SHEPE) exploded, taking the top spot on DEXTools’ trending list. However, after hitting its all-time high (ATH) on September 6, the price has sold off significantly and dropped more than 70% in the last 24 hours.
This is an example of the volatility associated with meme coins and is why they are considered a high-risk, high-reward cryptocurrency.
While it remains to be seen whether it will reclaim its ATH, the fact that $SHEPE was able to generate so much hype quickly could indicate a bright future.
According to the website, Shiba V Pepe represents an epic “Street Fighter-style battle” between the two most famous cryptocurrencies. Keeping this in mind, this concept could attract the Shiba Inu and Pepe communities to purchase tokens and support their favorite meme coins.
Currently, $SHEPE has a market cap of $1.63 million, giving it significant upside potential, especially considering the much larger market caps of Shiba Inu, Pepe, and even HarryPotterObamaSonic10Inu.
Shiba Inu Alternative SHIC Becomes Top Trending on DEXTools
For the more risk-tolerant investors, the new meme coin launched today in ‘up-only mode’. Despite the short-lived sell-off, the price has been trending almost continuously upwards, reaching its current market cap of $1.73 million.
The chart above shows that the price rose significantly before the sharp sell-off but almost immediately reclaimed it with just two strong green candles.
While there is no guarantee the bullish momentum will continue, it has received significant attention, reaching the top trending position on DEXTools. Additionally, the DEXTools website has given the project a security score (DEXTscore) of 99/100, meaning its smart contracts are safe and have a low risk of exploitation.
Little is currently known about SHIC, with little information on its website. However, his Twitter account published a tweet saying, “Missed SHIB and SHIA? This is your last chance,” then said he was aiming for the moon.
Despite its unclear marketing, SHIC has proven successful among investors. We also saw a similar fate for Pepe, who exploded despite his vague message and mysterious origins.
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