Traders are increasing their risk tolerance and reallocating to memecoins amid recovering crypto market conditions. Pepe and Floki lead among the best, up 7.8% and 3.3% respectively.
However, brewing enthusiasm presents a huge opportunity as prices look set to rise further.
This article features the top five memecoins to watch this week. We consider factors like recent performance, tokenomics, use cases, expert reviews, teams, and more.
Based on these criteria, our top picks are Dogeverse, Dogwifhat, Slothana, cat in a dogs world and Brett. Let’s take a closer look at each.
Top 5 memecoins to watch this week
Dogerse:
Dogeverse is a multi-chain memecoin launching on the six most popular smart contract-enabled blockchains, paving the way for the next generation of meme coin innovation.
It is currently in pre-sale and has so far raised a whopping $9 million, signifying a sign of approval from the degen trading community.
However, its new use case offers a distinct advantage over other meme tokens, protecting it from casual user migration between blockchains.
Dogeverse presale has already launched on Ethereum, Base, Polygon, BSC and Avalanche and will soon launch on Solana.
Another benefit is Dogeverse’s staking mechanism, which incentivizes users to lock up their tokens in exchange for passive rewards. Users can earn an APY of 118%, but this decreases as more tokens are staked.
This is because the staking mechanism is biased to reward early adopters, but the pre-sale pricing system works on the same basis.
The price will gradually increase throughout the event, so investors should act quickly.
Visit the Dogeverse Presale
dog woman
Dogwifhat led the recent memecoin season, with investors attracted to its simplistic, lightweight approach. Slogans such as “the hat stays on” circulated in social media communities, but the project went mainstream following a listing on Binance.
However, Coinbase recently announced that it would list WIF for futures trading on its international exchange for institutional clients, meaning a spot listing on its main exchange could follow.
WIF is currently priced at $3.05, down 3.4% today, down 0.1% this week, up 24% this month and over 1,700% since the start of data from CoinMarketCap in September.
Dogwifhat is the third largest meme token by market cap, but there is room for a 5x to catch the second largest, Shiba Inu.
Horse, a prominent trader who recently called for Dogwifhat’s price to retrace, has re-entered the memecoin, illustrating that it has once again turned bullish.
He wrote: “I bought a little more $WIF that I’m willing to sit on over the summer, even if we cut. »
Slothana
Slothana is a Solana-based memecoin that has seen unprecedented pre-sale success, eclipsing that of previous behemoths Book of Meme and Slerf.
BOME raised $2 million in its presale, while SLERF raised $10 million. In comparison, Slothana surpassed $10 million in two weeks and is now moving towards its IEO.
BOME and SLERF experienced monumental success after launching on exchanges, setting a bullish precedent for $SLOTH.
To add to the excitement, rumors are circulating that Team Smog is linked to Slothana. Smog grew 100-fold after its launch in February, peaking with a market cap of over $200 million.
These whispers are reinforced by comments from the Smog team on Slothana’s very first X post within hours of its launch.
There are only seven days left until the Slothana presale ends. Investors can purchase the presale directly on the project website or send SOL to their wallet.
Visit the Slothana presale
Cat in a world of dogs
A cat’s world in a dog’s world prevailed in late March, initially launching an airdrop to Solana memecoin holders. The project gained popularity, reaching a market capitalization of $800 million.
Even though MEW has returned to the broader market, it has seen a strong recovery today, up 9%. This indicates that the bulls have confidence in the token as it outperforms other meme coins.
MEW currently has a market cap of $506 million and a 24-hour trading volume of $90 million, down 24% from yesterday.
His recent show of strength indicates that he could be a leader during the next coin rally.
And unlike Dogwifhat, MEW has yet to see a full memecoin rally as it was launched in the previous leg. This is especially important given the appetite of the coin market for new projects.
Another bullish factor is that MEW is the best cat-themed memecoin. Given the frivolous nature of the market, a rotation from dog meme coins to cat coins should not be ruled out.
Brett
Brett is the main memecoin on Coinbase’s layer 2 Ethereum network, Base. The project was launched in March and has since seen notable momentum.
It currently holds a market cap of $590 million, with the price down 4.3% today, 1.4% this week, but up 140% this month.
It holds a 24-hour trading volume of $15 million, down 12% today.
Brett’s proximity to Coinbase makes him a likely candidate for listing in the coming months.
This is amplified by the fact that Coinbase will soon list WIF and PEPE for futures trading. If Coinbase users receive these listings well, the platform may search for other on-chain meme coins to list next.
Prominent analysts are also optimistic, with Max Schwartman, CEO of Because Bitcoin, recently saying: “Millions of new retail users will soon come on base.”
Since Brett is the leading memecoin on the network, the analyst believes it is poised for explosive growth.
DISCLAIMER: THIS IS A SPONSORED ARTICLE
reference: watcher.guru