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Web 3 Journalist
Tim Hakki
Web 3 Journalist
Tim Hakki
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Meme coins are regularly making headlines for furnishing some of their lucky investors with quick fortunes.
Today, the sector is positively surging. According to CoinGecko data, the collective market capitalization of meme coins stands at a towering $51.1 million, up 7.7% in the last 24 hours.
Some of the fastest climbers in recent months have been the outliers, meme coins that are too new to be considered “blue chip” like Dogecoin ($DOGE) or its biggest amphibian rival, Pepe ($PEPE), but that could very well be by this time next year.
Here we’ll examine five of the biggest right now to see their likelihood of hitting $1 billion.
The $1 Billion Meme Bet: $MOODENG?
First up, say hello to Moo Deng, Thailand’s viral baby pygmy hippo sensation. Her name means “bouncy pork” and she’s always hyperactive and soggy:
Earlier this week, one anonymous investor turned an initial purchase of $401 worth of $MOODENG into nearly half a million dollars.
Moo Deng’s ascent has been rapid since it launched two weeks ago, and the token itself has perfect cultural clout as a hippo in a sector saturated with cat and dog coins. However, Moo Deng currently has a market cap of $6.9 million, which means that unless its community can shill it with the same intensity over the next three months, it’s unlikely to hit the milestone.
Or is it $SUNDOG?
Sundog ($SUNDOG) is the biggest meme coin on Justin Sun’s TRON blockchain. Since early August, Sun has been promoting SunPump, a meme coin minting protocol that is supposed to be TRON’s answer to Solana’s Pump.fun.
However, Sundog may be exiting the limelight soon. Its market capitalization remains unchanged from a fortnight ago at a third of a billion but the token has fallen from thirteenth to nineteenth biggest meme coin. With plenty of fresh competition, Sundog offers very little by way of a USP except that it is essentially Dogecoin on TRON.
How About $MOG and $TURBO?
The year-old Mog and Turbo coins are interesting considerations for the next billion dollar meme coin. The $576 million market cap Mog’s current claim to fame is that it’s the second biggest cat meme in the sector, besides the billion dollar Popcat ($POPCAT).
Meanwhile, Turbo has some cultural clout. He’s another character from Max Furie’s Boys Club, the webcomic which birthed $PEPE and $BRETT, which have market caps of $4 billion and $1 billion respectively. They’re also the best performing assets in this article when you consider the fact that they’ve both blown up more than 9,000% over the last year.
Onto $NEIRO
Neiro’s developers want $NEIRO to be a billion dollar meme coin. They want it so bad they even airdropped Ethereum creator Vitalik Buterin 4% of the supply, which was worth about $130,000 on August 3 in a marketing stunt. He promptly dumped the lot.
As an Ethereum-based dog-themed meme coin with a forward marketing team, Neiro really does little to stand out.
It may be more energy efficient that Dogecoin, but the Big Five ($DOGE, $SHIB, $WIF, $BONK and $FLOKI) are not likely to concede an inch of ground to the newcomer, especially now that all of them are adding utility to the concept.
Could It Be Crypto All-Stars?
It’s too early to say decisively whether any of these coins go the mile and hit a $1 billion market cap. Meme coins can often be flash-in-the-pan phenomena but some brand new projects in the space are aiming to give the sector a shot at longevity.
Those who want to support the meme coin sector by investing in projects with stronger fundamentals can diversify their portfolios with some of the new presales redefining meme coins.
One such project—a unified staking protocol for meme coin fans—is Crypto All-Stars ($STARS) a revolutionary platform that brings together the most celebrated meme coins in one place.
Holders of Pepe Coin, Dogecoin, Shiba Inu, Floki Inu, Based Brett, MogCoin, Milady, TurboToken, Toshi The Cat, Coq Inu, and BonkCoin can stake them in the MemeVault and earn passive income in the form of $STARS with a rewards rate currently set at 901%.
The team has allocated 20% of the tokens for its presale; the other 25% is for presale staking, 20% for marketing, 10% CEX/DEX listing, and the remaining 25% for the MemeVault ecosystem.
The project has gained so much popularity that its presale has already raised over $1.65 million.
Following the purchase, investors can begin staking for rewards and claim the tokens once the presale ends.
Head to the website to buy $STARS with ETH, USDT, BNB, or even by card.
Follow Crypto All-Stars on social media – X (Twitter) | Telegram to stay up-to-date on all the developments.
Visit the Crypto All-Stars presale Website Here
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.
