5 Best Meme Coins To Buy That Could 10X in March
The post 5 Best Meme Coins To Buy That Could 10X in March appeared first on Coinpedia Fintech News
With the crypto market gaining pace following its monthly open, the meme coin sector looks primed for further upside.
Tokens like Dogecoin, Pepe, and Bonk have seen astronomical gains recently, hinting that other projects could soar this month.
This article identifies the most likely candidates which could 10x in March. We consider utility, market trends, expert predictions, price, and community.
Based on these criteria, our analysis found the five best projects are Smog, Sponge, Frog Wif Hat, Myro, and Dogwifhat. Let’s delve deeper into each.
SmogA dragon-themed meme coin reigning over the Solana and Ethereum markets, Smog invites traders to “enter the dragon’s lair” and participate in its vast airdrop.
With 35% of its total supply allocated to the giveaway, Smog has fared a tremendous hit among market participants, pumping over 17% in the last day.
However, with a $53 million market cap, there remains significant upside to catch the multi-billion dollar leaders like Dogecoin, Shiba Inu, Pepe, and Bonk.
As crypto’s premier multi-chain meme coin, Smog boasts a distinctive advantage over competing projects with widespread accessibility across the industry’s most prominent markets.
Smog’s roaring success is no surprise. In a dash for airdrop eligibility, community members are relentlessly completing quests outlined on the project’s Zealy page. These include tasks like joining the project’s social media channels and promoting them.
This creates a win-win situation for community members. On one hand, they increase their chances of winning the airdrop. On the other hand, they are growing the project’s star power, helping attract new members and bolster Smog’s price.
In another community-focused initiative, Smog launched a staking mechanism with a 42% APY. As well as providing a stream of passive rewards, this encourages long-term holding, negating the risk of price volatility.
SpongeSponge was born in the depths of the 2023 bear market, launching in May alongside Pepe. In an epic display of resilience, the project soared to a $100 million market cap, netting early investors a 100x ROI.
It also amassed 13K holders, 30K social media followers, and listings on over ten prominent exchanges. But with the industry teetering on the edge of another bull market, the Sponge team launched its most ambitious venture yet, Sponge V2.
Migrating to the Polygon network and equipped with new staking mechanics and a Play-to-Earn game, Sponge V2 boasts tremendous benefits over the original version.
Factoring in the improving market conditions, it becomes apparent why the token has climbed 53% since going live on 9 February.
Launching on Polygon provided Sponge V2 with lower transaction fees and faster execution times, ideal settings for meme coin traders.
Meanwhile, its staking mechanism currently offers a 729% APY. However, this decreases as more tokens are staked.
Its P2E game is another prominent innovation, providing an external demand stream outside of hype and speculation.
Yet, with the P2E game still in development, market participants currently face an opportunity to buy into Sponge V2 from the ground up.
Frog Wif HatAs a flamboyant spin on Dogwifhat, Frog Wif Hat sprinkles in Parisian culture. Frequenting a beret and always carrying a baguette, Frog Wif Hat is often seen stumbling through the streets of urbanized France, either drunk or grumpy.
As its website says, the baguette is his “weapon of humiliation, ready to bash any meme standing as resistance to $100M market cap.
Since launching, Frog Wif Hat has caused a stir in the meme coin community, standing as a formidable alternative to Dog Wif Hat.
In a recent YouTube video, analyst ClayBro speculated that Frog Wif Hat could provide “massive gains” and suggested that its recent price dip is a “buy opportunity.”
Meanwhile, Jacob Bury predicts it is a “10x potential meme coin,” referencing its current discounted price as a reason it could explode.
The project has already been picked up by mainstream crypto media outlets, with the likes of Watcher Guru, Techopedia, and Cointelegraph backing it for a bright future.
Coupled with the bullish market outlook, such attention reflects Frog Wif Hat’s promising potential as we advance through March and the rest of 2023.
MyroLaunched in November 2023, Myro became a Solana sensation as it soared to a $230 million market cap in January.
However, after a deep retracement, meme coin traders have a second shot at parabolic gains.
Myro is trading at $0.105, down 5.5% today but up 68% this week and 11% this month. It holds a $99 million market cap, providing room for over a 10x to take the number 5 meme coin spot.
Myro’s market cap renders it the 432nd largest crypto, but its $49 million 24-hour trading volume places it in the 192nd spot. This discrepancy between volume and market cap illustrates a resounding investor interest, adding to its upside potential.
Myro is a Solana-based meme coin, meaning investors benefit from low transaction fees and fast execution times. However, one of Myro’s main allures is its glaring commitment to ecosystem advancements and utility.
The project boasts a built-in trading bot and plans to usher in staking and further utilities.
Another bullish development is prominent Shiba Inu team member Xanders backing the project to reach $1.
“I really like to see memes picking up and rallying this run. I’m bullish on my Myro Frens. Another dog to hit $1,” he wrote.
DogwifhatDogwifhat is the fifth largest meme coin by market cap. This presents a unique opportunity of considerable upside potential while illustrating resilience and unwavering community support.
WIF is currently up 16% in the last day, 210% this week and 316% this month. It holds a $952 million market cap and a $240 million 24-hour trading volume.
Indeed, jumping from a $1 billion to $10 billion market cap in one month would be a cumbersome task, but Dogwifhat lays claim to one tremendous advantage over other meme coins.
As mentioned, it is currently the fifth-largest meme coin. However, it is the largest meme coin yet to be listed on Binance or Coinbase.
Given the rising interest in meme coins, combined with Dogwifhat’s meteoric success, an imminent listing on one of the leading exchanges would be no surprise.
In the bear market, we saw Pepe explode to a $1.8 billion market cap following its Binance listings. So, while challenging, a 10x pump for Dogwifhat should not be ruled out. But at the very least, it would likely see significant upside.
Another promising factor is that WIF is currently in price discovery mode, surging into uncharted territory after exceeding its ATH on 27 February.
Price discovery often leads to explosive movements since no resistance levels are at play.