At the moment, the meme coin niche is experiencing an unprecedented rise. This can be seen by how rapidly some of them have started to grow in value. And it should be noted that it is not only about such well-known tokens as Dogecoin (DOGE) and Shiba Inu (SHIB). The price of Pepe, which is still the leader in terms of daily growth, is also growing. Perhaps this is an indication that the rally will extend into next week. However – and this is especially curious – ChatGPT believes that other coins are taking the lead.
Meme coins are back on trend
Such assets will peak in popularity in 2021. At first, it may seem that the demand for them has disappeared over time. However, this is not the case at all. Tokens that are launched for fun are still popular now. Moreover, they form one of the most extensive parts of the crypto market. If you look at the list of top coins, you will notice that at least 2 of them are inspired by memes. Plus over the last week there has been a rapid rise in the price of such assets. PEPE, DOGE, FLOKI, Dogwifhat and SHIB are names that are known to all traders due to their profitability.
However, not only those tokens that are included in the top-100 list have high profitability. For example, the meme-coin SMOG has reached an all-time high, and its market capitalization has grown to $145 million.
Another asset called SPONGE is also showing great results. Especially after an updated version – SPONGEV2 – appeared on the market. The latter, according to ChatGPT forecasts, is just able to break into the leaders and become one of the most profitable coins this year.
Experts also note the prospects of the DOGE alternative called Dogecoin20, which can also show growth on April 20, the so-called “DOGE Day”. More about each token – below.
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DOGECOIN 20 is an alternative to DOGE for passive earnings
Dogecoin20 (DOGE20) is an ERC-20 token that uses Ethereum-based smart contracts. This is how investors have the first reason to buy the asset, as they can earn coins through staking. Currently, the annual rate is 105%, and rewards in additional DOGE20 tokens will be paid to participants for two years.
The Dogecoin20 project aims to offer a sustainable alternative to Doge. To achieve the goal, the developers are backing the token with an anti-inflationary mechanism, meaning they are introducing a limited reserve of 140 billion.
The pre-sale has raised over $10 million, and investors have one last opportunity left to buy the token at a discount. Right now, DOGE20 is worth $0.00022, but all zeros may shrink after the listing.
Sponge V2 is a coin with a great future
If you ask ChatGPT a question about which meme cryptocurrency is capable of making a big profit, it will answer that it is Sponge V2. Moreover, the AI will find some pretty good reasons why this particular token could rise in value a lot after listings. First and foremost, it emphasizes the developers’ past success. Their previous project (Sponge V1) rose to a market capitalization of $150 million and became extremely popular among investors. ChatGPT believes that the updated token has all the necessary characteristics to repeat this success and even surpass it.
It should also be noted that the developers’ past project created a pretty large community around it. Sponge has almost 50,000 subscribers on X and Telegram. If all of them exchange their old tokens for the new V2 tokens, it will provide the latter with a rather sharp growth. Plus, V1 has a market capitalization of $150 million. This is a real phenomenon, as few cryptocurrencies have such strong support at the start.
The AI is also taking into account the potential launch of a crypto game in the racing genre. It will support the Play-to-Earn algorithm, which will allow investors to earn more coins. In addition, many experts expect the new asset to become available on a number of major exchanges. There are rumors that even Binance may be among them. If the asset appears on this trading platform, its market capitalization could grow to $1 billion.
SMOG – a meme-coin that rewards followers with airdrops
New meme-coin network Solana Smog (SMOG) completes the first season of airdrop and prepares for the second one, which will start in early April and will bring new rewards. According to a statement from the developers, the value of the coins being raffled off is up to $1 million.
Since its launch in February, Smog has grown more than 13,000% to reach a market capitalization of $150 million. It has also attracted more than 106,000 token holders.
To get free coins as part of the giveaway, investors will have to complete multiple missions. The advantage of Airdrop’s second season is that points will also be awarded for trading and storing SMOGs. You can familiarize yourself with the quests on the Zealy platform.
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Author: Saifedean Ammous, an expert in cryptocurrency economics.
