Cryptocurrency investors are excited as the market appears to be bracing itself for another bull run in the coming weeks. With the Bitcoin halving event, investors are trying to figure out which tokens will make the biggest gains.
It seems that investors who profit from Bitcoin are choosing meme coins to invest their profits. With Doge Day also approaching and the industry in general being dominant this year, the meme coin market is likely to benefit from a number of factors. However, many experts make predictions about coins that can make 10x in April 2024. For this reason, we have put the 3 prominent coins under the spotlight below.
Slothana (SLOTH) – Meme Coin Showing Potential by Raising Large Funds in a Short Time
The Solana network had a remarkable year in 2024 and was identified by CoinGecko as the leading blockchain ecosystem, commanding nearly 50 percent of the market share. This is quite remarkable considering Ethereum’s previous dominance. Solana’s success is attributed to the popularity of meme coins, which consistently generate significant excitement with each subsequent release. Slothana (SLOTH) also stands out as the latest coin added to this list.
The project aims to free itself from the brutal competition of the 9-5 system and instead generate significant profits for its investors who purchase Slothana coins. Considering the recent success of the previous “lazy meme coin” Slerf (SLERF), it is confirmed by many experts that its Solana counterpart is also poised for a significant increase.
The pre-sale started with great enthusiasm and quickly raised over $5.7 million. There are also rumors floating around suggesting a potential connection between the creators of Smog Token (SMOG) and Slothana. This makes sense and seems to be quite beneficial for the meme coin as it has shown enthusiasm following its launch, even if SMOG has more important days ahead with its airdrop events. Slothana is gaining popularity on X, similar to SMOG, as both projects prioritize virality.
Dogecoin20 (DOGE20) – The Project to Emerge as the Leading Meme Coin and Have 10x Potential
Dogecoin20 (DOGE20) has seen a turbulent trajectory since its inception. The pre-sale raised a significant $10 million and reached full sales in less than two weeks. Investors were aware from the very beginning that this project had extraordinary potential. It is still possible to participate in the final stage and have the opportunity to purchase Dogecoin20 tokens.
While Dogecoin20 is not the first alternative to Dogecoin (DOGE), it has significant potential to rival the top meme coin’s dominant position. This is due to a combination of Dogecoin20’s features and the fact that older dog-themed meme coins are losing ground. The new project suggests that the proof-of-stake approach is more suitable for the contemporary market compared to Dogecoin’s proof-of-work concept.
One of the primary factors is the significant environmental impact of proof-of-stake. While Bitcoin faces significant scrutiny due to its mining process, Dogecoin transactions have also been criticized for their high energy consumption.
Another reason why proof-of-stake is considered more suitable for the current market is the concept of staking. It is clear that a significant portion of Initial Coin Offerings (ICOs) currently on the market include staking as a key component of their projects. Therefore, it is considered advantageous to invest in Dogecoin20 early as participants can earn up to 67 percent APY.
Smog Token (SMOG) – 10x Potential Meme Coin with Season 1 Airdrop Ending Tomorrow
Smog Token (SMOG), a meme coin built on community engagement and incentives, was introduced on the Solana blockchain on February 7, 2024. The project positions itself as a provider of rewards to loyalists through strategically designed airdrops.
According to their tokenomics, it is estimated that at most 35 percent of the token will be allocated to the community through airdrops. The inaugural season of this airdrop is scheduled to end on April 3, 2024. For this reason, Smog Token purchases are increasing day by day.
According to CoinMarketCap, Smog Token has a market cap of $170 million and has experienced a trading volume of $2.6 million in the last 24 hours as of press time. The price is at $0.219.
Since its inception, SMOG has experienced a surge in popularity in the crypto industry. It has accumulated significant figures in terms of price, transaction volume and number of users. The product was launched at a relatively affordable price and increased by a significant 1,400 percent within the first hour. Subsequently, it has recorded steady growth in various fields. The X (formerly Twitter) account currently has more than 51,600 followers.
The purpose of the token was to serve as a mechanism to incentivize active players in the ecosystem. As a result, there are a lot of airdrops planned. The start of the second airdrop season is planned to take place immediately after the completion of season 1 in the first week of April 2024.
Airdrop refers to a gamified approach where users take a series of actions in the Zealy game and thus accumulate experience points (XP) to advance on the leaderboard. Participants must complete numerous tasks to accumulate XP. Responsibilities include engaging in activities such as visiting the Smog website, managing the X account, retweeting or liking messages.
Most missions are automatically evaluated and provide instant XP accumulation for the user. Some tasks are subject to manual evaluation. Users need to be patient and wait for some time after completing the task.
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