Meme coins are a type of cryptocurrency that are inspired by internet memes, jokes, or pop culture references. They often have little or no intrinsic value, but rely on viral marketing, social media hype, and celebrity endorsements to gain popularity and drive up their prices. Some of the most famous meme coins are Dogecoin, Shiba Inu, and SafeMoon.
However, there are many other meme coins that are emerging in the crypto space, and some of them could potentially skyrocket 10x or more in the near future. According to a recent article by Finbold, a financial media outlet, three analysts have given their picks for the next 10x meme coin. Here are their choices and the reasons behind them.
Meme Kombat: A Presale Token With GambleFi Utility
Meme Kombat is a new project that combines the viral nature of meme coins with the upcoming crypto gambling trend. It allows users to bet on the outcome of AI-generated battles between meme coin characters, such as Doge, Shiba, and Elon. It also features various gambling mechanisms, game modes, seasons, and rewards.
The project is currently in its presale stage, which means that investors can buy the token at a fixed and discounted price before it launches on exchanges. According to Jacob Bury, a prominent gem-hunting analyst, Meme Kombat could 10x shortly after its launch, as it has a unique and engaging concept, a strong community, and a limited supply of tokens.
Dogecoin: The Original Meme Coin
Dogecoin is the most popular and well-known meme coin in the crypto world. It was created in 2013 as a joke, but it gained a massive following thanks to its cute dog logo, humorous community, and frequent tweets by Elon Musk, the CEO of Tesla and SpaceX. Dogecoin reached an all-time high of $0.74 in May 2021, but it has since dropped by 90% to around $0.07.
However, some analysts believe that Dogecoin could regain its momentum and reach new heights in the future. One of them is The Coach, a crypto trader and influencer, who predicts that Dogecoin could reach $1 in 2024, which would be a 15x increase from its current price. He also advises his followers not to sell on the way up, as Dogecoin could surprise everyone with its resilience and popularity.
Wall Street Memes: A Token for Stock and Crypto Fans
Wall Street Memes is another new project that aims to bridge the gap between the stock and crypto markets. It is based on a social media platform that posts memes and jokes about stocks and cryptocurrencies, and has a community of over one million followers, including Elon Musk. The project has recently launched its own token, $WSM, which is 100% community-owned and distributed through a presale.
The presale has been a huge success, raising over $23 million in a few months. Many traders and analysts have rallied behind the project, expecting it to explode 10x or more once it goes live on exchanges. One of the reasons for this optimism is that the project has locked a portion of the $WSM supply, which means that the demand could rapidly outstrip the supply after the launch. The project also plans to tokenize the GameStop and Wall Street Bets movement, which could attract more attention and investment.
