Bitcoin halving has led to a surge in demand for meme coins

Meme coins

On April 20, bitcoin halving took place. It halved the reward for block processing. Now miners will receive 3.125 BTC instead of 6.25 BTC. Against the backdrop of this event, experts expected increased demand for the main cryptocurrency. However, the interest of investors was attracted by meme tokens.

Over the weekend, the market capitalization of coins reached $55 billion. At the same time, the trading volume increased to $5.6 billion. The leaders in terms of growth: Popcat – 76% for the week, Bonk – 26%, SHIB – 15%. However, there are 4 more projects capable of multiple price increases in the future.

New meme coins that could profit after bitcoin’s halving:

  • Dogeverse – an asset for combining the most popular blockchains with an APY of 118%.
  • Slothana – an asset that raised $10 million in the pre-sale with easy access to airdrop.
  • Sponge V2 – a new version of the previously successful meme token that is gearing up to launch a P2E game.
  • Smog – this token can be purchased at a 10% discount on the official website and get access to Airdrop Season 2.

Dogeverse

In early April, Dogeverse became available for purchase. In less than a month, this meme token raised over $9.1 million on presale. Now its value has risen to $0.0003 thanks to its ability to combine 6 networks into an entire multichain.

Dogeverse is the first cryptocurrency asset that is available simultaneously in Avalanche, BNB Smart Chain, Ethereum, Solana, Base and Polygon. This decision of the developers is aimed at attracting more investors. The latter will not have to move from one network to another to buy a meme token. Instead, they will only need a suitable wallet and USDT or ETH on their account.

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Multichain has a number of advantages. First, it allows the token to operate within the familiar network of the trader. Second, the owners of this coin get access to the functions of various blockchains. Thirdly, gas costs are significantly reduced.

In general, the developers have planned 16 stages of presale, by the finale of which the value of the asset will increase to $0.000305. Investors have only 5 stages left to buy the coin profitably. Prerequisites for growth:

  • The token is already active on 5 blockchains.
  • Launching on DEX and CEX
  • APY on staking is 118%.

Slothana

Slothana, a meme asset without a hard capitalization, has raised over $10 million at the presale and has started the countdown to going public on crypto exchanges. Market participants have less than a week left to make transactions. Until the presale is over, you can get 10,000 SLOTH for just one SOL.

Slothana is a Solana-based project that has no real scope, but still attracts the attention of investors. For the most part, this is due to its affiliation with the popular blockchain. Also, the dependence of the asset on the SOL rate plays a significant role.

In addition, many projects are in demand due to their virality. Slothana is no exception. This asset can be bought directly through a widget on the site. Another option is to transfer the required amount of SOL to EnSawje2vQSQQKtGbPYdXEuYKm2sHgeLKJTqCmrDErKEA address

Either of these actions will unlock access to airdrop. According to the developers, they will transfer additional tokens to all SLOTH owners. Prerequisites for the growth of the asset:

  • Solana network support.
  • Limited presale seats increase the value of the asset.
  • Nearly 30k followers on X (Twitter).

Sponge V2.

The same developers who worked on the original Sponge were responsible for the creation of SpongeV2. New tokens can be purchased for $0.001645 and sent to steaking to get rewards. As emphasized by the developers, the approximate yield of the updated coin is able to range from 164% to 346% per year.

Bitcoin halving has led to a surge in demand for meme coins
Sponge coin graph

Market participants are expecting great things from SpongeV2 (usually precisely because of the success of its predecessor). The previous version of the meme token demonstrated 100-fold growth and was released on 10 centralized exchanges.

At the same time, the previous project had over 30,000 followers in social networks. Now this number has grown to 40 thousand.

The developers are also preparing to launch a P2E-game. After its release, the coin will have a real field of application, which in the long term will also raise the value of the asset. Prerequisites for growth:

  • Able to rise in price by 6580%.
  • APY – 164%.
  • Bridge-to-Stake technology will make it possible to profitably dispose of SpongeV1.

Smog

Smog is a Solana-based meme project that first received a release on Jupiter before listing on MEXC. The asset skipped the standard pre-sale phase, making it available to more traders.

SMOG can be purchased at a 10% discount on the website or for $0.08997. The purchased coins will allow you to participate in airdrop on the Zealy platform. It is there that new tasks are posted, for which users receive XP points.

Bitcoin halving has led to a surge in demand for meme coins
Coin rate chart

The 2nd season of this promotion is now underway. Investors are invited to buy and sell assets, as well as spread information about the initiative in social networks to get a reward. Prerequisites for the growth of the coin:

  • Price appreciation of almost 100% since release.
  • APY OF 42%.
  • Support for Ethereum and Solana networks.

Conclusion

Traders and investors are increasingly turning exactly to meme coins. All because such assets are able to rapidly rise in value. This is influenced by virality, the area of application and the blockchain in which the coins are created. For example, projects based on Solana – Slothana and Smog – are particularly popular now. Their network has proven its stability and efficiency in terms of speed and transparency of transactions. SpongeV2 and Dogeverse, on the other hand, offer real utility – support for P2E gaming and multichain, respectively.

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Author: Saifedean Ammous, an expert in cryptocurrency economics.

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