Meme Coins: A Look at Three Options
The crypto market is experiencing a downturn this week, but that often presents a great opportunity for buying. The market has been consolidating for half a year, so it’s only a matter of time before the next bull rally starts. Meme coins tend to perform strongly during bull markets, so let’s examine three options.
Mog Coin
Mog Coin is a well-established meme coin with significant upside potential. It’s known as the “internet’s first culture coin,” based on its mascot, a hysterically laughing cat. The term “mogged” is a popular slang term on social media sites like X and TikTok, which has helped to raise awareness for Mog Coin. If the popularity of “mogged” continues to rise, Mog Coin could become a fan favorite. It’s also one of the top four Ethereum-based meme coins, which could provide positive exposure to ETH as its price increases in the upcoming bull market.
Dogecoin
Dogecoin is the Bitcoin of meme coins – it’s the most valuable, it’s been around the longest, and it’s probably the safest. However, that doesn’t mean there’s no upside left. A new catalyst is brewing that could be its most powerful yet. Many meme coins have sold off today, while DOGE has held strong. This is due to Elon Musk, known for his love of Dogecoin, announcing on X that he “looks forward to serving America.” This comes just weeks after Donald Trump announced he would hire Musk if he is elected president in November. If Musk gets a job in the U.S. government, any future Dogecoin endorsements would hold even more weight. Dogecoin’s price today is 86% lower than its 2021 all-time high (ATH), which could enable huge price gains in the next bull market.
Pepe Unchained
Mog Coin and Dogecoin are well-established projects with considerable market value. Pepe Unchained could be a good option for those seeking a newer, potentially higher upside play for the bull run. Unlike the others, Pepe Unchained introduces sophisticated utility in the form of an Ethereum layer 2 blockchain. It provides lower fees and higher speeds than the Ethereum main network and is solely focused on meme coin-related activity. This is a unique proposition. While positioned on crypto’s technological frontier, Pepe Unchained also encapsulates the magnetic pull of meme coins. The project has key features like a staking mechanism, an Ethereum bridge, and a block explorer. With all that, it should be no surprise that investors are rushing in.
