The Dogecoin Millionaire Is Still Buying Meme Coins
The cryptocurrency market is renowned for its volatility and high upside potential. However, the sub-category of meme coins takes this reputation a step further, providing ultra-high-risk, high-reward investment opportunities for degens who dare to partake.
Over the past years, Dogecoin has stood as the figurehead of meme coins, turning countless investors into meme coin millionaires. One of these investors is Glauber Contessoto, who goes by the SlumDOGE Millionaire.
However, the SlumDOGE Millionaire has not settled with his considerable Dogecoin profits. Instead, the investor is eyeing the next breed of high-potential meme coins, which seem to occur every few months, with the meteoric rise of successors like Shiba Inu and Pepe.
The SlumDOGE Millionaire regularly tweets about his upcoming plays. For instance, he recently stated that $BREPE was his degen play of the day.
Furthermore, the early Dogecoin investor often quizzes his audience on what meme coins they are buying.
Despite enjoying significant gains from Dogecoin, the SlumDOGE Millionaire is still searching for the next meme coin to explode.
With that in mind, let’s explore the best low-market-cap meme coins, which could be primed to surge in the coming weeks and months.
On the Forefront of Meme Culture Wall Street Memes Announced Tier-One Exchange Listings After Raising Over $25 Million
Wall Street Memes currently sits as the most likely meme coin next to explode, having experienced a wildly successful presale raising over $25 million.
The project was created by the Wall Street Memes social media brand, which currently boasts over one million followers across all platforms. This was a primary part of its early presale success, but countless esteemed analysts also picked up on the project, like Michael Wrubel (with over 300K subscribers).
However, the project boasts even more social accolades. The Teslsa, X, and SpaceX CEO, Elon Musk, has engaged with Wall Street Memes on social media several times. Considering Musk’s impact on the Dogecoin price, this holds significant importance regarding Wall Street Memes’ potential.
Due to its monumental presale success, the Wall Street Team recently announced that multiple tier-one exchange listings will occur in 19 days. Tier-one exchange listings are another factor that dramatically impacts meme coin prices, as seen when Pepe exploded following its Binance listing.
In celebration of the presale, Wall Street Memes is running an airdrop worth $50K. The prize will be split between five winners, and participants get up to seven entrees each by completing simple tasks like following the Wall Street Memes socials.
However, with exchange listings just 19 days away, investors must act quickly to secure their $WSM tokens on the project’s website, wallstmemes.com.
Meme Coin HarryPotterObamaSonic10Inu ($BITCOIN) Soars to Market Cap Highs of $170 Million
Another meme coin that the SlumDOGE Millionaire and whales could pick up is HarryPotterObamaSonic10Inu. It launched in June, and after a gradual start, the project soared to a market cap of over $170 million in August.
The BITCOIN price has sold off since then, currently holding a $68 million market cap, priced at 0.06758.
It has decreased by 10% over the last day, 18% in the previous seven days, and 24% in the last month. Nevertheless, this could prove a substantial buying opportunity if it recovers.
HarryPotterObamaSonic10Inu is unique in several ways. First, its absurd name and abstract website design somewhat separate it from other meme coins. Additionally, the project references Bitcoin, including its $BITCOIN ticker symbol, and describes itself as a “store of value”.
Ultimately, the project is a unique concoction of ideas that has led to a compelling and explosive project. Considering the token has sold off in recent weeks, this could present the ideal time to buy before the next leg up.
Pepe Alternative Shiba V Pepe ($SHEPE) Tops DEXTools Trending List
After launching on August 29, Shiba V Pepe ($SHEPE) exploded, taking the top spot on the DEXTools trending list. However, after reaching an all-time high (ATH) on 6 September, the price has significantly sold off and is down over 70% in the past 24 hours.
This is an example of the sheer volatility associated with meme coins and is why they are deemed high-risk, high-reward cryptos.
While it remains to be seen if it will retake its ATH, the fact that $SHEPE was able to generate considerable hype quickly could indicate a bright future.
According to its website, Shiba V Pepe represents an epic “Street Fighter-style showdown” between two of the most famous cryptocurrencies. With this in mind, this concept could entice both the Shiba Inu and Pepe communities to buy the token and support their favorite meme coin.
Currently, $SHEPE has a $1.63 million market cap, providing significant upside potential, especially considering the much greater market caps of Shiba Inu, Pepe, and even HarryPotterObamaSonic10Inu.
Shiba Inu Alternative SHIC Takes Top Trending Spot on DEXTools
For the more risk-tolerant investors, a brand new meme coin launched today in ‘up-only mode.’ Despite a short-lived sell-off, the price has almost continually trended upwards, reaching a current market cap of $1.73 million.
The chart above shows that the price climbed significantly before a sharp sell-off but near-instantly reclaimed it with just two strong green candles.
While there is no guarantee the bullish momentum will continue, it has already enjoyed significant attention, reaching the top trending spot on DEXTools. Furthermore, the DEXTools website has attributed a security score (DEXTscore) of 99/100 to the project, meaning its smart contract is secure and at low risk of being exploited.
Little is currently known about SHIC, with minimal information on its website. However, its Twitter account published a tweet saying, “Missed SHIB and SHIA? This is your final chance”, then saying it aims for the moon.
Despite the vague marketing, SHIC has proven to be a hit with investors. We also saw a similar fate for Pepe, which exploded regardless of its blurred messaging and mysterious origins.
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