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Joel Frank
Author
Joel Frank
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The start to October hasn’t been as bullish as many traders hoped, but degens continue to hunt for the next meme coin to hit a $1 million market cap.
Fears that Israel and Iran are on the verge of war may have delayed meme season.
But October has typically been the best month of the year for major cryptos.
If geopolitics doesn’t spoil the party, October could quickly morph into “uptober” given anticipation of a Fed-led global monetary policy and liquidity conditions easing cycle.
Meme season hasn’t arrived yet, but it might be just around the corner.
So meme coin traders are avidly hunting the next coins that might explode.
Here are some low-cap coins that could be the next coin to hit $1 million market cap.
Next Meme Coin to Hit $1 Million Market Cap
Tusk the Walrus (TUSK)
Sui meme coin Tusk the Walrus (TUSK) is a good bet to become the next $1 million market cap meme coin.
TUSK was lasting trading around $0.0000730, putting its market cap around $730,000 per DEXScreener.
The meme coin has been around since mid-August, and at one point momentarily surpassed $1.5 million.
But despite struggling in recent weeks, the Tusk community has continued growing.
Tusk has over 1,300 X followers plus over 500 subscribers to the Telegram channel.
Sui has been experiencing rapid price growth in recent weeks as its on-chain activity explodes.
Sui’s TVL has surged over $1 billion this week, a new record high, per DeFi Llama.
All that suggests Sui could be one of the first chain to experience a new meme season.
And a low-cap meme coin gem like TUSK could easily be the next meme coin to hit $1 million market cap.
Baby Moo Deng (BABYDENG)
Solana meme coin Baby Moo Deng (BABYDENG) has been pulling back recently after hitting a $5 million market cap last week. Its market cap was last just under $1 million.
Marketed as the baby version of the highly successful Moo Deng meme coin which exploded at the end of last month, Baby Moo Deng might be a great meme coin to buy on the dip.
That’s because Moo Deng stands a good shot of becoming the next major meme coin.
Its market cap was last around $180 million, but could hit $1 billion when the next meme coin season arrives.
And that could help lift Baby Moo Deng to the tens of millions, or perhaps even a $100 million market cap.
Nova AI (NOVAI)
The native token of a Base chain-based AI trading bot Nova AI (NOVAI) is pumping hard on Tuesday.
Up 500% in the past 24 hours, NOVAI has reached a market cap of $326,000.
But its strong momentum suggests a near-term push to $1 million could be coming next.
The recently launched token is in its very early stage, with just 270 followers on X, and 90 rocket ship emoji votes on DEXScreener, versus just 7 red flag votes.
Whilst the project might be the next meme coin to hit $1 million on Base, it may also be a scam, so traders must be very wary.
That’s because nearly all newly launched tokens are either scams or pump-and-dumps of some sort.
Traders must be very cautious in the DEX markets and never risk more than they can afford to lose.
Crypto All-stars (STARS)
An exciting new meme coin staking protocol called Crypto All-stars (STARS) has already hit $1 million and is on the verge of hitting $2 million in funds raised via its presale.
Investors have been piling into the project amid growing hype regarding its “MemeVault”.
Holders of all major meme coins will be able to stake their holdings for a healthy STARS yield, provided they also stake their STARS holdings.
Meme coins are already a degenerate crowd. The appeal of a new protocol promising strong yields is thus going to be a very tempting proposition.
In the video below, Cryptonews.com’s in-house analyst Crypto Chester explains why he thinks STARS has 100x potential.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
