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The cryptocurrency market is buzzing with excitement over a new petition calling for the creation of a Grayscale ETF for the popular meme coin Shiba Inu, according to a sponsored content poster. This development has sparked curiosity among investors as to whether other meme coins, especially those based on the Solana blockchain, could follow a similar path. In addition to the most popular meme coins such as Pepe (PEPE), dogwifhat (WIF) and Bonk (BONK), Angry Pepe Fork (APORK), which has just entered the market and whose future is uncertain, is also on the agenda, attracting the attention of enthusiasts and wondering whether they can repeat the success of Shiba Inu.
5 Meme Coins to Add to Your Crypto Portfolio
While the market is flooded with meme coins, here are four of the best you will want to experience in 2024.
- Shiba Inu – first meme coin petitioned for ETF approval
- Book of Meme (BOME) – Third largest Solana-based meme coin
- Dogwifhat (WIF) – Leading Solana-based meme coin with market price above $1
- Bonk (BONK) – Highest Profiting meme coin on Solana network
- Angry Pepe Fork (APORK) – The first meme coin to introduce the “conquer to win” system.
1. Shiba Inu ETF Petition: Ethereum-Based Meme Coin Nears New Milestone
The Shiba Inu (SHIB) community is approaching a major milestone with the Shiba Inu ETF petition about to reach 10,000 signatures. In just 58 days, this campaign gained significant traction. Meanwhile, supporters, including the SHIB BPP initiative, are working to gather more signatures and calling on community members to join the effort.
Additionally, this petition to Grayscale Investments CEO Michael Sonnenshein aims to demonstrate demand for a Shiba Inu-specific ETF. The petition has already surpassed its 1,000 goal set for February 25 with 9,719 signatures and reached 140 new signatories last week.
Despite active campaigning from the community, Grayscale Investments has yet to respond, leaving enthusiasts waiting for a response. Grayscale, a major player in the cryptocurrency ETF market known for its Bitcoin and Ethereum ETFs, does not currently offer a SHIB ETF.
Meanwhile, crypto advocates believe that a regulated and accessible ETF would increase the stability of the SHIB token and encourage mainstream adoption, pointing to Google Trends data as evidence of SHIB’s growing popularity and demand. Currently, the SHIB token is trading at $0.00002185 and has experienced a 9% decline in the past week, indicating a period of consolidation and a potential oversold situation.
2. Book of Meme Token: Maintains Positive Outlook Despite Recent Setback
The price of the BOOK OF MEME token has been subjected to a series of tests over the past few weeks. After rising to a monthly peak price of $0.015 in the middle of the month, the native BOME token subsequently faced a major decline that pushed the price to its year-to-date average of $0.010.
Although it is currently trading around $0.0099, the Book of Meme token’s year-to-date price trajectory suggests that a potential upside could be in sight. Meanwhile, BOME token’s nearly 1000% increase YTD has contributed significantly to the meme coin’s overall positive sentiment, solidifying its position among the top meme coins to watch out for right now.
3. dogwifhat Token: Pursuing Grayscale ETF Approval
Ethereum-based Shiba-Inu is not the only token aiming for ETF approval. Dogwifhat (WIF), based on the Solana blockchain, is pursuing the same ambitious goal. The dogwifhat token, which launched in 2023 and now aims to receive ETF approval from Grayscale, features a Shiba Inu wearing a unique pink knit hat, highlighting its playful and light-hearted nature.
However, unlike cryptocurrencies that focus on technological advances or social change, dogwifhat token embraces its identity as a fun and simple meme coin. Currently priced at $2.54, the native WIF token has significant upside potential and is positioned as a meme coin to watch closely.
4. Bonk Coin: People’s Favorite Solana-Based Dog-Themed Meme Coin
Known as the “people’s dog coin,” BONK was airdropped to select Solana wallet addresses in December 2022 and has seen a rapid increase in popularity since then. Solana has become the most widely held dog-themed cryptocurrency on the blockchain.
With over 110 integrations across DeFi, gaming, development, and exchanges, BONK coin has transformed from a quirky airdrop to a viral meme coin, surging a remarkable 8722% in one year.
Meanwhile, the BONK community, like the Shiba Inu, is petitioning Grayscale for approval of an ETF and is trying to further solidify its presence in the market. Currently priced at $0.00002744, there are many cryptocurrency analysts who believe that BONK can reach new highs in the coming months.
5. Angry Pepe Fork: Heading Towards Mainstream Meme Coin Adoption
Angry Pepe Fork (APORK), whose future is uncertain according to the sponsored content poster, joins the list of Solana-based meme coins; Although there is a slight change in the solution. With its innovative “Conquer to Win” system, Angry Pepe Fork is here to bring order and a new opportunity to the meme coin space. Specifically, this “Conquer to Win” mechanism encourages players to band together and dispose of stale meme coins en masse, ultimately creating a solid community, which is reported to create more traction for meme coins.
Cryptocurrency investments are high risk investments, do your detailed research before making any transaction.
According to its team, the APORK army may start earning during the pre-sale, when the excitement begins. Three lock-in periods are available on the staking portal, each suitable for a different level of commitment: 30 days for novices, 60 days for experienced campaigners, and 90 days for players ready to make big profits. In every war, the APORK army wins against zombie meme coins and it is reported that the amount of APY in the stake pool increases.
Reportedly, analysts’ excitement about APORK’s potential has reached its peak. They predict that the price will increase by 200% when the pre-sale ends and by 300% when it is listed on top exchanges. It is not certain, there is a risk of investment loss.
Cryptocurrency investments are high risk investments, do your detailed research before making any transaction.
It is reported that the local APORK token is currently sold for $ 0.014 in the first pre-sale phase. Also, let’s say you are a die-hard fan of Angry Pepe Frog or missed the native Pepe Coin at an early stage, then this project may be of great interest to you as it offers a much better prospect.
Are Meme Coins Effective Players?
Due to their volatile nature and community-driven hype, meme coins offer high potential for quick returns, making them an attractive option for investors looking for quick gains in the cryptocurrency market.
Meme coin movements in 2024
High Growth Potential: Meme coins can experience rapid price increases due to viral social media trends and community-driven hype.
Community Support: Strong and active communities provide stability and constant promotion, often increasing the success of meme coins.
Low Entry Cost: The affordability of many meme coins allows new investors to enter the market without taking significant financial risk.
Innovation and Benefit: Meme coins are increasingly incorporating innovative features and real-world applications, enhancing their value proposition.
Final Thoughts
According to the sponsored content poster, increased interest in the Shiba Inu Grayscale ETF has particularly brought to the fore meme coins based on the Solana blockchain. It is reported that as the petition launched for Shiba Inu approaches its goal, the potential for other meme coins such as Book of Meme, dogwifhat, Angry Pepe Fork and Bonk, whose future is uncertain, to follow suit may become increasingly plausible.
Cryptocurrency investments are high risk investments, do your detailed research before making any transaction.
Click to review the Angry Pepe Fork token from the official website.
*This article is not investment advice! This is sponsored (advertising) content. Cryptocurrency investments are high-risk investments and there is a risk of investment loss. Do your detailed research before investing.
