While most participants in the crypto industry are struggling to maintain the optimistic momentum, meme coins are no exception. But according to crypto expert Ana Nicenko, some showed strong potential to earn their spot on the buy lists of meme token fans and investors in July. The expert analyzed the crypto market and identified the top five altcoin projects that fit this description.
First altcoin project: Shiba Inu (SHIB)
The heavyweight Shiba Inu (SHIB) has been lacking impressive action in recent days and weeks. However, it certainly does not lack the ability to exceed expectations, especially as the excitement around the Tier-2 Shibarium Blockchain continues. That’s why CoinCodex machine learning algorithms predict it will increase by 500% by the end of 2023. Meanwhile, the dog meme coin is currently trading at $0.000007353. The altcoin is down slightly by 0.5% on the day. It also saw an 8.33% weekly loss and a 15.61% drop on its monthly chart.
The second-ranked meme coin is Pepe (PEPE)
Pepe (PEPE) caused a real uproar in the crypto market, which until then was used to having only a few major meme tokens. Not only did the altcoin earn a few millionaires in its early days, but the excitement has still not waned as the token based on the popular frog meme character continues to gain traction. As a matter of fact, Pepe was trading at $0.000001567 according to the press time, despite losing 3.18% on its weekly chart according to data dated June 29. This represents an increase of 4.06% on the day and 8.07% over the previous month.
A Cardano meme coin Snek (SNEK) is also on the list
Snek (SNEK) got off to an explosive start in mid-May. The meme coin has gained over 300% in less than two weeks. However, he was unable to sustain this powerful movement. Despite this, the Cardano (ADA)-based entity has experienced a quick fix, inspired by the popular theme featuring snakes with internal monologue subtitles. However, in the last 24 hours, Snek has regained his ascendant strength. Accordingly, the altcoin gained 18.41% on a daily basis. Thus, it reversed the 10.50% losses in the last seven days and the 67.58% losses on its monthly chart. Because SNEK is currently changing hands at a price of $0.0003744.
4Chan (4CHAN) as a new altcoin project
Interestingly, despite its launch in early May, the popularity of the 4Chan (4CHAN) token has garnered significant attention until recently. In addition, it recorded a serious price increase. This interest is due to the popularity of the 4Chan platform, which many consider to be the birthplace of internet memes. The 4Chan price, on the other hand, has been down recently after its tremendous success, in line with the general mood in the crypto market. However, the price of the token, which is currently trading at $0.000000000000050, has seen a 12.91% drop on the day. It also fell 69.67 percent for the week. On the other hand, it achieved a significant gain of 102% during the month.
Latest altcoin project: Milady Meme Coin (LADYS)
Milady Meme Coin (LADYS), a newcomer to the meme crypto industry and a potential competitor to meme giants Shiba Inu (SHIB) and Dogecoin (DOGE), is the latest market triggered by multiple spot Bitcoin (BTC) exchange-traded fund (ETF) applications recently. During its rise, it caught the attention of many investors with its strong increases in price. Its newer graphics are not impressive. Because it has lost 2.45% during the day and 15.82% over the past week. However, the meme-coin managed to gain 16.95% over the previous month at a time when many other cryptos were struggling. The altcoin is currently trading at $0.00000004874.
The opinions in the article are those of the experts and are definitely not investment advice. The cryptocurrency market, especially meme coins, are high-risk assets. For this reason, cryptocoin.com We recommend that you do your own research before investing.
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