Major Analyst Crypto Tony Bullish on These Meme Coins, But One Stands Out
Release: 2024/05/25 21:04 Reading: 1000
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In this Q3, we have witnessed big changes in the crypto market, changing investor’s decisions about the top altcoins to buy. These changes include Bitcoin’s price finally approaching $70K before slightly consolidating. This positive price movement has created hope for the altcoin market and many investors are looking to hedge with the most promising tokens while they can.
Amid this positivity, the meme coin space is starting to stand out as a potential treasure ground for tokens with high growth and adoption potential. Stirring more attention to the meme coin sector, a widely known crypto analyst, with the media name Crypto Tony shared a tweet on X (formerly called Twitter). In his tweet, he gave a prediction saying that Dogeocoin (DOGE), Bonk (BONK) and Floki (FLOKI) could hit $1 this year, ending with the saying “I don’t make the rules.”
Truly, the meme coin market has been seeing a steady increase in the past few weeks since the last GME token breakout. The market is also expecting Dogwifhat (WIF) to reach a new ATH while KangaMoon (KANG) stands out among meme coins with high growth potential this year.
Top Meme Coins to Watch for A $1 Valuation This Year
Beyond CryptoTony’s positive predictions, these meme coins below inherently have strengths and capabilities to garner more profits this year, amid the growing market positivity. Let’s dive in.
KangaMoon (KANG)
KangaMoon (KANG) is not just one of the highest trending meme tokens in the market, the meme-backed GameFi token has already been listed on CoinMarketCap and CoinGecko, signalling a strong step into the DeFi and GameFi market. With an upcoming listing on BitMart and Uniswap, there is even more buzz in the crypto market for KangaMoon.
Notably, the KangaMoon token is anchored in a new Social-Fi and Game-Fi protocol that emphasizes community involvement while introducing utility to the meme coin sector. The $KANG token part governs the Kangaverse, allowing users to seamlessly enjoy community battles and challenges while purchasing in-game assets or more features to enhance the gameplay experience.
Ranked among the best meme coins to watch, KangaMoon has already secured over 32,000 community members, nearly 10,000 token holders, and almost $7 million in presale revenue. Throughout its presale stage, KangaMoon token has increased by 400%, moving from $0.005 to $0.025, delivering substantial ROI for its early buyers. However, more growth is expected ahead as KangaMoon shows incredible adoption potential.
Given its impressive run so far, market analysts are currently speculating that KangaMoon will hit $1 this year, and the chances are far from low. When KangaMoon finally launches and storms the meme coin market completely, its token should see higher demand and valuation. With more people joining its current social media challenge for the $KANG token, KangaMoon might become the most demanded new token.
Dogecoin (DOGE)
Dogecoin (DOGE) has always ranked as one the most significant meme coins in the market due to its pioneering efforts. With a high wallet address and a current market cap above $24.1 billion, often mentioned alongside newer meme coin competitors, Dogecoin is already the eighth largest cryptocurrency.
Meanwhile, Dogecoin token can potentially rank as one of the highest-gaining altcoins this year, thanks to its milestones so far Dogecoin’s current momentum, driven by significant network growth and high-profile endorsements like Elon Musk enabling DOGE payments for Tesla products, sets a promising stage for its future.
Considering these factors, Dogecoin token can potentially hit $1 this year. For example, sustained interest from new wallet holders, the increase in $DOGE use cases, and potential integration into platforms like Twitter could drive demand. If market conditions stabilize and bullish momentum continues, Dogecoin might achieve the $1 milestone, leveraging its growing adoption and investor enthusiasm.
Pepe (PEPE)
The market capitalization of Pepe (PEPE) coin recently spiked above $5.6 billion after seeing a drop below $5.3 billion. While this reflects a significant surge in investor interest and community support, it also increases investment interest.
With a year-to-date price increase of over 700%, PEPE coin has demonstrated a remarkable growth trajectory fueled by social media buzz and the growing popularity of meme coins this year. Meanwhile, this rapid ascent has raised speculation about its potential to reach a $1 valuation for Pepe coin in this year.
Considering that the hype and momentum behind meme coins can drive significant short-term gains, sustaining such growth would depend on continued community engagement, broader adoption, and favorable market conditions. And these are aspects about Pepe that have substantially increased this year, so the token may reach $1 eventually.
Floki (FLOKI)
After much platform development, Floki token is arguably considered as one of the best altcoins to buy in the Metaverse marketplace. Floki has seen impressive gains in both market cap and network activity, with its price rising over 600% in the past few months.
Notably, Floki’s meme coin allure backed with a strong community engagement approach, has successfully attracted substantial investor interest, further positioning Floki as a notable player in the meme coin market.
Floki basically stands out because it goes beyond just being a meme coin and focuses on being useful in the NFT, Metaverse and DeFi. This wider approach appeals to more investors looking for high-growth opportunities, which could increase demand and the coin’s value. Because of its recent progress and many uses, Floki coin has the potential to reach a $1 valuation this year.
Dogwifhat (WIF)
The new Solana meme coin star is also one of the top altcoins that we can expect to see skyrocket further this year. After seeing a whopping 1900% profit sometime this year, Dogwifhat (WIF) is still trending as one of the most valuable meme coins, holding the 4th position on the list of largest market-capped meme coins.
Interestingly, WIF token’s potential to keep increasing this year is sky-high. Its status as a top-rated and trending token is one thing to look at however, the strength of Dogwifhat lies more in its network. Dogwifhat being on Solana’s hyper network also contributes to Dogwifhat token sustaining more adoption and demand to possibly hit new all time high this year.
KangaMoon To Surpass Top Meme Coins in 2024 With New ATH
The price of KangaMoon has increased by 400% in just its presale stage. Following its listing on CoinMarketCap and CoinGecko, the potential of it to hit $1 this Q3 is slightly likely but a more realistic possibility would be expecting KANG to hit $1 by Q4.
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