To help you find tokens that fit the bill, let’s look at five meme coins that could be set to explode this year.
Solaxy (SOLX)
Solaxy is developing a Layer 2 network for Solana that aims to improve the speed and consistency of transactions on its mainnet, which could also result in lower transaction fees.
The Solaxy Layer 2 intends to bundle several transactions together, process them off-chain using rollups, and then submit the aggregated data back to Solana’s mainnet. By doing this, Solaxy will remove the strain on Solana’s mainnet, allowing it to process transactions more efficiently while maintaining its security and decentralization.
The project has already raised over $17 million as investors rush to secure their share of the token at a lower price. Currently, SOLX costs $0.00162 each, but its per-token price will increase in just two days.
Commending Solaxy’s ambitious goals and commitment to investor security, which has been verified via an audit by Coinsult, meme coin expert Crypto Wire is confident SOLX is set to explode on launch.
He urges his audience to enter the Solaxy presale while the per-token price is low, highlighting the 243% staking APY as an excellent opportunity for traders to maximize their investment.
Best Token (BEST)
Best Wallet is already an established name in the non-custodial wallet space, as its advanced features make navigating the crypto market a breeze for new and seasoned investors.
With features such as Best DEX, which aggregates data from 50+ DEXs to provide users with cost-efficient trade routes, and the Upcoming Tokens hub, which displays vetted presales with explosive potential, it’s no surprise the wallet already has over 100,000 monthly users.
As the wallet rolls out new features, it has also launched a presale for its native token, Best Wallet Token, which will enhance its existing and upcoming features with lower transaction fees, exclusive benefits, and more.
Crypto expert Austin Hilton sees unmatched potential in BEST, as he expects the Best Wallet ecosystem to grow and see increased adoption over the coming months, which could boost the token’s value.
Austin Hilton advises his 316,000-strong audience on YouTube to add Best Token to their portfolios, which currently costs $0.0238 per token, as its price will only rise during the presale.
Wall Street Pepe (WEPE)
Wall Street Pepe is looking to empower smaller traders and help them navigate the market as easily as whales do. The project’s goal is to launch an exclusive trading channel alongside its token, which will serve as a key to its community.
Holding WEPE will allow investors to follow alpha calls and trading guides provided by its team of meme coin experts. Plus, WEPE will host weekly trading competitions and reward those following its calls with additional tokens.
Nearly two months after its presale kicked off, WEPE raised over $64.6 million, and it is preparing to wrap up the ICO and enter the market in 17 days.
Investors can currently purchase WEPE for $0.0003665 each using BNB, ETH, USDT, or a debit or credit card. Crypto analysts from 99Bitcoins, a YouTube channel with over 724,000 subscribers, are bullish on the token because of its strong marketing, robust fundamentals, and massive early success.
Wall Street Pepe is one of the biggest meme coin presales in recent history, so it’s no surprise the crypto analysts behind 99Bitcoins see a 100x potential in it.
Dogecoin (DOGE)
The meme coin market’s leader, Dogecoin, is one of the few tokens that isn’t part of the red wave that stretched across the sector over the past month.
Although its strength mostly comes from its ever-growing community that includes the likes of Elon Musk and other prominent figures, Dogecoin’s future success may come from its potential ETF, which Bitwise filed for two days ago.
A Dogecoin ETF would have a bullish impact on its price, as it would add credibility to it and bring in institutional investors, leading to upward price pressure.
Despite Dogecoin’s dip in the second half of January, its long/short ratio of 3.60 suggests that its holders believe in its short-term success, as only 21.73% of traders shorted the coin over the past 24 hours.
Technical analyst Ali believes Dogecoin is set to reach $0.36 by tomorrow, from its current price of $0.33, while pattern analyst Trader Tardigrade expects it will be just the start of DOGE’s six-month-long rally.
Floki Inu (FLOKI)
Named after Elon Musk’s Shiba Inu, FLOKI is making waves in the meme coin space with its newest marketing efforts and the approaching release of its play-to-earn (P2E) game, Valhalla, which is currently in its beta version.
With a major marketing announcement scheduled for February 3rd and the team’s recent efforts to expand their operations, FLOKI could be preparing to release the Valhalla mainnet, which would potentially have a positive impact on its price.
Powered by FLOKI tokens, Valhalla will include on-chain gaming interactions and upgradeable NFTs, allowing Floki Inu to tap into the $92 billion Metaverse market. Although the token is down 29.60% over the past month, it soared by 5% today as anticipation around its P2E game and new marketing campaign builds.
Crypto expert ProfessorAstrones believes this month’s dip is an excellent opportunity to stockpile FLOKI ahead of its potential soar, while Solberg Invest expects it to reach a new ATH by the summer.
FLOKI’s 14-day Relative Strength Index (RSI) of 34.31 suggests FLOKI is approaching oversold conditions, which often result in a rebound, giving it a bullish outlook.
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