5 Meme Coins That Could Pump Next After $MEME Price Surges
The new Binance Launchpool project Meme Coin has caused a stir after pumping 5% in the last 24 hours. This has led many market participants to speculate on which project could pump next.
Considering recent market trends, the top five projects that could rise next are Meme Kombat ($MK), Wall Street Memes ($WSM), Sponge ($SPONGE), HarryPotterObamaSonic10Inu ($BITCOIN), and Pepe ($PEPE).
Memecoin Pumps With Market Excited By Binance Ties
Memecoin is a new project recently launched and has caused mass excitement in the market. The project’s founders are tied to the popular 9GAG meme platform, and the token has already secured a Binance listing.
The leading exchange announced that it would list Memecoin in its launchpool on 27 October, enabling users to stake a selection of cryptocurrencies to earn $MEME in return.
Binance then announced that open trading would begin for $MEME on 3 November 2023. Given that Binance boasts over 10 million followers on X and is the leading exchange globally, it is no surprise that this amounted to significant hype.
Initially, traders were skeptical about whether Meme’s price would hold, with X user RyanNguyenHC highlighting its $230 million market cap makes it overvalued compared to other Launchpool projects.
The price initially dipped amid an overarching bearish outlook, but there has been a bullish resurgence, with $MEME experiencing a notable uptick recently.
After touching lows of $0.2 yesterday, Memecoin reached highs of $0.028 shortly after and is currently trading near $0.024, up almost 20%.
Currently, the project has a $167 million market cap and a $230 million 24-hour trading volume. This trading volume indicates significant interest, also evident in emerging social activity.
X trader Bigboy_Crypto recently posted a trade idea for Memecoin, predicting further upside potential with a final price target of $0.035. The forecast highlights a wedge formation and believes it will break to the upside.
Meanwhile, Julius Elum broke Memecoin down in a deep-dive fundamental analysis on X. The tweet references its market cap and backing from CZ and Binance as reasons it could pump significantly.
According to the analyst, $MEME could reach $0.1. This would equate to a 4x from its current price.
While this is a solid return, it is essential to consider that Memecoin also holds notable risk, given its significant market cap and how recent the project is.
With that in mind, here are the five best meme coins that could pump next.
5 Meme Coins That Could Pump Next
Now let’s take a look at 5 other meme coins that traders are bullish on.
Meme Kombat: Multipurpose Meme Coin With 112% Staking APY and Gambling Mechanism
Meme Kombat is a new meme coin undergoing a highly successful presale after raising over $1.2 million. Investors can currently buy the token for $0.183, but they must hurry because its price is set to rise in four days.
What sets Meme Kombat apart from other meme projects is that it features numerous token utilities to provide additional demand and upside potential.
The project taps into the rising crypto casino trend, enabling users to bet on the outcome of AI-generated battles between meme coin characters. It boasts multiple sophisticated game modes to provide an exhilarating gambling experience.
Users wager and earn with the $MK token, but this is not the only utility on offer. It also features a staking mechanism, providing investors with a 112% annual percentage yield (APY).
Moreover, Meme Kombat features a doxxed team and has had a smart contract audit, providing a significant degree of trust and transparency that is uncommon in meme coins.
These factors all hint at a significantly promising project. Yet, with the presale proving popular, time is running out to secure the best price.
Investors can buy the Meme Kombat presale from the project’s website; it accepts USDT, ETH, and BNB payments.
Wall Street Memes: Trending Meme Coin Backed by Elon Musk and Multiple Tier-One One Exchanges
Wall Street Memes is a trending meme coin launched as a presale earlier this year. The presale amassed over $25 million in four months, rendering it one of the most promising new meme coins.
After launching on exchanges, it did a 3x but has since pulled back as investors locked in profits. This could present a timely opportunity for new buyers before the next leg up.
Excitement has been primarily fueled by the project’s prominent social media presence and links to Elon Musk, with the business mogul engaging with the Wall Street Memes X account multiple times.
The project boasts over one million followers across all social platforms. It launched in 2021, posting crypto and stock memes in the wake of the GameStop and Wall St Bets saga.
However, it quickly pivoted to launching its own cutting-edge crypto products, starting with an NFT collection in 2021 and its meme coin and 420 ultra-rare Bitcoin Ordinal NFTs this year.
Analyst Selina recently shared a technical analysis stating that $WSM could pump after $MEME.
The project has made significant advancements since its presale, like launching a full-fledged crypto casino and attaining listings on tier-one exchanges like OKX, Gate.io, and MEXC.
Its price has pumped 4% in the last 24 hours, so those looking to catch the next leg up must act fast.
Sponge: Strong Community, 879% Staking APY and Upcoming Airdrop
Sponge fared an instant hit following its launch last summer, climbing the meme coin rankings alongside Pepe. Within days of launching, the project reached CoinMarketCap’s top trending list.
Now, the project is back with a vengeance, looking to capitalize on the ongoing meme coin mania with several new developments.
It recently launched a staking mechanism, offering an impressive 879% APY. This is vastly above the market average but made possible by the project’s carefully engineered tokenomics.
Continuing with its community focus, Sponge is currently running an airdrop, which will end on 7 November. Users can enter the airdrop by completing tasks outlined in the Sponge Discord, and those who perform the best can rise to the top of the airdrop leaderboard to get the most rewards.
The team is also rumored to be releasing further announcements of a token burn and partnerships in the coming weeks.
Currently, Sponge is priced at $0.0001165, up 3% in the last 24 hours and 18% this month.
It is down 95% from its all-time high (ATH), but the recent spike acts as a reversal indicator and could lead to tremendous upside potential.
HarryPotterObamaSonic10Inu: “Store-of-Value” Meme Coin With NFTs and Casino Utility
HarryPotterObamaSonic10Inu is a meme coin that raised eyebrows after launching as a somewhat obscure project in May. It has carved out its own unique path within the meme coin space, harnessing a long project name and abstract website design and use case.
The project’s individuality compelled the crypto community, causing it to peak at a $180 million market cap in August. It currently holds a $122 million market cap and is priced at $0.1225, down 38% from its $0.1977 ATH.
One of the unique factors about HarryPotterObamaSonic10Inu is that its ticker symbol is $BITCOIN. This has been a significant cause of confusion, with CoinMarketCap displaying the token when users search for Bitcoin.
This may answer why the token is yet to be listed on any tier-one exchanges despite its popularity. Nevertheless, it has also added to the project’s intriguing allure.
The team has also released utilities for $BITCOIN, like a crypto casino and NFTs. These have the potential to raise demand and hype for the project, enabling its price to grow higher.
Pepe: Popular Meme Coin Up 57% This Month, but Holds Lower Market Cap and More Hype Than Market Leaders
Pepe rose to notoriety after an unprecedented run to a $1.8 billion market cap within one month in the recent bear market.
The project quickly garnered a vast community, and while its price has sold off since its peak, its community has remained strong, with the project regularly appearing on CoinMarketCap’s trending crypto list.
However, the exciting thing is that Dogecoin and Shiba Inu are rarely seen on this list, indicating a better community sentiment for Pepe.
Yet, Pepe’s market cap does not reflect this, currently at $469 million, while Shiba Inu’s is at $4.7 billion and Dogecoin’s is at $9.8 billion. With this in mind, Pepe could be primed for significant growth in the next bull run.
The project has also started gathering steam lately, currently priced at $0.000001125 and up 57% this month.
Similarly to Sponge, its recent uptick could mark a longer-term reversal, presenting a timely opportunity to buy.