September has seen significant growth for
MEME coins such as
Dogecoin and
Shiba Inu, with respective surges of 19% and 32%. Meanwhile,
Moodeng has been making headlines, with a single investor turning Rs 1 lakh into over Rs 100 crore. This has led many to speculate that Moodeng may become the new Doge. Despite this, scams and manipulation still plague the MEME coin market, according to researchers. Moreover, MEME coins have been described as
'trending', particularly on the
BNB Chain.
Presales in the final quarter of 2024 could offer significant profit potential for MEME coins, particularly those on the Solana platform, despite concerns being raised about its centralisation.
Snowden has described Solana as a centralized chain used for MEME coins and scams. However, this did not stop a new Solana MEME coin named
Moo Deng from accumulating a market cap of over $300M. It is projected to rally 5x in October and is far from finished, with predictions of further price increases despite a recent surge of 2,000%. Other MEME coins expected to surge include
TUSK,
BABYDENG, and
NOVAI. Analysts have also suggested buying the dip in MEME coins, while others claim that the 'MEME Coin Supercycle' will propel certain coins to a $100B market cap.The MEME coin market is fraught with both risk and potential rewards. Given the volatile nature of these coins, investors should exercise caution.
MEME Coin News Analytics from Mon, 13 May 2024 07:00:00 GMT to Wed, 02 Oct 2024 23:01:36 GMT -
Rating 0
- Innovation -8
- Information 6
- Rumor -2
