The market for meme cryptocurrency has not performed well these past several weeks, especially in light of Bitcoin’s sudden decline below $60k and the subsequent domino effect.
The two most popular meme coins, Dogecoin and Shiba Inu have also fallen by 15–25% in the past week, which has worried meme investors even more.
However, despite current market conditions, a few new ventures, such as Dogeverse ($DOGEVERSE), Slothana ($SLOTH), and Sponge V2 ($SPONGE), have the potential to soar.
The Value of Popular Memes Has Dropped Over the Past Week, But These Three New Projects May Be Able to Withstand Market Difficulties
The cryptocurrency market has recently experienced volatility, with Ethereum falling below $3,000 and Bitcoin momentarily falling to $60,000.
The meme currency industry has also taken a more incredible beating; in the past few days, its market capitalization has decreased by almost 7% to hover around $50 billion.
Over the past week, the prices of popular humor coins like Dogecoin and Shiba Inu have plummeted by 23% and 15%, respectively. Other meme coins, including Dogwifhat, Pepe, Floki Inu, and Bonk Inu, have also experienced double-digit losses.
During the same time frame, Pepe and Dogwifhat have lost 5% and 23%, respectively, with Pepe’s monthly liquidations reaching an astounding 46.1%. The meme coin frenzy in the first quarter 2024 starkly contrasts this pessimistic tendency.
Experts identify the approaching U.S. tax deadline and geopolitical tensions as the leading causes of this decline.
However, not everything in the market is bleak. Notwithstanding the state of the market, a few tokens, such as Dogeverse ($DOGEVERSE), Slothana ($SLOTH), and Sponge V2 ($SPONGE), have the potential to soar.
Dogeverse ($DOGEVERSE) Creates First Doge-Based Multi-Chain Meme Coin; 100x Gains After Listing, According to Analysts
The world’s first multi-chain dog token, Dogeverse ($DOGEVERSE), will be accessible on six blockchains, providing unmatched accessibility in cryptocurrency.
Its main mascot, Cosmo, is a chain-hopping Doge representing the project’s dedication to dismantling boundaries and uniting the cryptocurrency community.
To maximize efficiency in terms of both cost and speed, $DOGEVERSE spans several leading blockchains, including Ethereum, Avalanche, Polygon, and BNB Chain.
Dogeverse has set aside 30 billion of its enormous 200 billion token supply for its current presale. After just one day of launch, the project has already attracted much attention, raising over $9 million.
The buzz surrounding this multi-chain meme initiative is anticipated to intensify as April 20th, often known as “Doge Day,” draws near. The presale has set high goals with a hard cap of more than $17 million and a soft restriction of $9 million.
Maintaining $DOGEVERSE coins is made even more appealing to investors by the project’s astounding 15,000% yearly payout for staking incentives.
Slothana ($SLOTH) has a unique presale concept that is attracting the attention of an office sloth who wants to start trading cryptocurrency.
A brand-new meme cryptocurrency, Slothana ($ SLOTH), located in Solana, California, just held its much-awaited presale event.
With its presale, $SLOTH is adopting a novel strategy: investors can contribute $SOL tokens straight to Slothana’s wallet address and receive $SLOTH airdrops in exchange, rather than having tokens distributed over several rounds.
By expanding on the Solana blockchain, Slothana hopes to take advantage of the platform’s low transaction prices and fast transaction throughput, which might draw in a larger pool of investors looking for quick and affordable cryptocurrency transactions.
The official mascot is an office sloth fed up with the 9–5 grind and ready to take a trip through cryptocurrency trading to make enormous riches.
Slothana has captured the interest of meme coin aficionados due to its success, driven by the achievements of other well-known Solana-based projects like $SMERF, which achieved an astounding $400 million market cap within weeks of its March 2024 launch.
Slothana has raised an impressive $10 million in just a few weeks since the presale began, demonstrating the project’s early momentum and investor enthusiasm.
By improving the original token, Sponge V2 ($SPONGE) can potentially repeat a 100-fold bull run.
The most recent iteration of the well-known $SPONGE meme coin, Sponge V2, promises investors even more significant and higher returns. Following the introduction, the original $SPONGE token had a 100x increase in value, peaking at a market capitalization of $100 million.
With this improved version, investors have a rare chance to switch from V1 to V2 tokens.
Investors who stake and permanently lock their V1 tokens will obtain a significant 4-year supply of staking rewards in the new $SPONGE V2 tokens. This is a massive incentive for early adopters.
That’s not all, however. For a limited time, purchases of V2 tokens will receive a 100% bonus from $SPONGE. Thus, if you purchase $100 worth of $SPONGE, you will immediately acquire an extra $100 in V2 tokens and lock up $100 in V1 for staking.
There is yet more to $SPONGE V2’s potential. To provide value and excitement for holders, the project intends to launch a new play-to-earn cryptocurrency game. Details on the game can be found on their Discord channel.
in addition, $SPONGE wants to list on well-known exchanges like OKX and Binance, hoping to emulate the success of other popular meme coins like $BONK and $MEME, which experienced significant price surges following their Binance listings.
In summary
Over the past several weeks, meme coins have suffered greatly, with market leaders like DOGE, SHIB, and PEPE all seeing double-digit declines.
However, this does not imply that you should never invest.
Analysts and experts predict 100x gains with new presale tokens, including Dogeverse ($DOGEVERSE), Slothana ($SLOTH), and Sponge V2 ($SPONGE).
These tokens are increasing quickly, but you still have an opportunity to buy them cheaply before they go up in value, so act quickly!
