5 Best Meme Coins to Buy That Could Be the Next PEPE
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May 20, 2023 07:27 AM Eastern Daylight Time
Meme coins continue to be a force to be reckoned with in the dynamic world of cryptocurrency – particularly in the wake of Pepe Coin’s ($PEPE) extraordinary success.
The price of $PEPE exploded in mid-April but has since dropped significantly from its all-time high, thereby setting the stage for a new contender to emerge.
With that in mind, this article explores five potential successors to $PEPE, delving into their unique characteristics and growth potential for the coming weeks.
Copium ($COPIUM)
Kicking off our discussion of the meme coins that could take $PEPE’s throne is Copium ($COPIUM).
Copium Club token, a brand-new project launched on Uniswap on Thursday, has already yielded returns of over 800% for early investors.
Moreover, DEXTools.io reports that over 2,100 people now own $COPIUM – all in less than 24 hours.
The reason behind Copium’s impressive launch is the considerable backing it received from various crypto influencers. Big hitters like FaZe Banks and DeeZe formed part of the project's presale phase, with a combined Twitter following of over three million people.
In addition, Copium Club has piqued the investment community's interest with its unprecedented NFT drop. This event rewarded the top 200 $COPIUM holders on Uniswap with a unique "Copium tank" NFT, all within the first two hours of the token's launch.
NFT holders now have two weeks to “fill” their Copium tank by purchasing additional $COPIUM tokens – providing a clear source of token demand.
This innovative setup has put Copium on the map in the crypto world, with over 16,000 people following the project's official Twitter account.
Ultimately, Copium’s remarkable entry into the meme coin arena hints that it could dethrone $PEPE – meaning it's certainly one to watch in the coming weeks.
AiDoge ($AI)
Another project capturing the attention of meme coin lovers worldwide is AiDoge ($AI). AiDoge is an innovative AI-themed crypto project that looks to transform the meme-creation process.
Built on the Ethereum blockchain, AiDoge’s meme generator allows users to create and share their own memes in seconds. The meme generator is user-friendly and offers a range of customization options, providing a clear route to “going viral” on social media platforms.
As more people use AiDoge's meme generator and share their creations on Twitter and Reddit, the platform's visibility and popularity will naturally increase - a setup that has got early investors pumped.
The heart of the AiDoge.com project is its native ERC-20 token, $AI. $AI has several essential use cases, such as being used to pay for meme-creation credits and voting on images uploaded to the "public wall."
Although AiDoge's team is still putting the final touches on the platform's development, early investors can buy $AI tokens through the presale – which has now raised an astonishing $10 million in less than one month.
Given that AiDoge’s Telegram community has grown to over 18,000 people in this timeframe, it’s clear that the project has struck a chord with the crypto community – demonstrating its potential for explosive growth once listed on exchanges.
Sponge ($SPONGE)
As its name suggests, Sponge is a hilarious meme coin based on the much-loved SpongeBob SquarePants character.
Despite having no direct link to the character’s creator, the $SPONGE token pays homage to SpongeBob by “allowing degens to absorb the damp.”
Much like Pepe Coin, the $SPONGE token had an incredible start to life. Launched on Uniswap in early May, $SPONGE’s price rocketed by 2,800%+ within the first three days of going live, hitting a high of $0.002394.
Although $SPONGE’s price has dipped from this high, the token looks to be gearing up for another upwards leg, given that it’s now listed on seven major exchanges – including Gate.io and Bitget.
Moreover, CoinGecko reports that the community remains bullish, with 82% of users feeling good about $SPONGE at the time of writing.
Helping drive $SPONGE’s next surge is the recently-announced token airdrop to reward the coin’s supporters. To participate in this airdrop, community members must join the official Discord server, verify themselves, then complete some simple social media-related tasks.
These tasks correspond to points, which are tallied on Sponge’s leaderboard. The more points a user earns, the more $SPONGE they’ll receive from the airdrop.
Overall, Sponge's impressive start to life, recent CEX listings, and unique airdrop setup have caught the market's attention – and set the stage for further growth.
Floki ($FLOKI)
Floki is a unique meme coin that draws inspiration from Elon Musk but with an intriguing twist. Rather than being directly based on Musk, Floki takes its inspiration from his beloved Shiba Inu dog, which shares the same name.
Although initially started as a joke, Floki has gradually evolved into a fully-fledged Web3 ecosystem. This ecosystem contains an NFT gaming metaverse titled "Valhalla," along with an array of DeFi products designed to offer a recurring income stream.
Another enticing aspect of the Floki project is its charitable foundations. The project’s developers have pledged to build schools in underdeveloped nations, with Guatemala, Ghana, Laos, and Nigeria already benefiting from this initiative.
The combination of these features has led to massive demand for $FLOKI tokens, which are up over 300% since the start of 2023.
Per CoinMarketCap, $FLOKI is now in the top-five trending meme coins globally, with over $21.8 million worth of tokens traded in the past 24 hours alone – solidifying its position as a rapidly-growing player in the meme coin niche.
Dogelon Mars ($ELON)
Concluding our discussion of the meme coins that could be the next $PEPE is Dogelon Mars. Like Floki, Dogelon Mars is modeled after Elon Musk – specifically, Musk's vision of taking humans to Mars with SpaceX.
Although the project was launched without real-world use cases, the developers made up for this by implementing successful guerrilla marketing tactics – including sending 50% of the $ELON token supply to Ethereum founder Vitalik Buterin.
Buterin donated these tokens to charity, which helped Dogelon Mars gain huge traction in the market. Since launching in 2021, Dogelon Mars has grown exponentially – and now has over 447,000 followers on Twitter.
Despite a recent drop in price, $ELON remains the seventh-largest meme coin globally, according to CoinMarketCap.
Given the huge attention paid to coins like $PEPE, Dogelon Mars is still considered a promising prospect in the meme coin space – adding belief that $ELON can halt its price slide and begin rising once more.
DISCLAIMER: This is not to be taken as investment advice. Crypto is a volatile asset, do your own research before investing and only invest money you can afford to lose. We may receive commission for clicking links in this article.
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