The next Shiba Inu? These memecoins are set for potential gains this bull run Newcomers such as Crypto All-Stars and Shiba Shootout are diversifying investors with innovative projects like Layer-2 protocols and unified staking platforms, challenging established assets
As Shiba Inu battles to stay afloat, three new memecoins are entering the market. The crypto presale of Pepe Unchained, for one, just crossed the $13 million milestone, threatening other newcomers in the market.Shiba Inu struggles to maintain momentum
Shiba Inu is the world’s second-largest memecoin, second only to Dogecoin in terms of market cap. The SHIB price has gained 80% on the annual chart.#sr_widget.onDemand p, #stock_pro.onDemand p{font-size: 14px;line-height: 1.28;} .onDemand .live_stock{left:17px;padding:1px 3px 1px 5px;font-size:12px;font-weight:600;line-height:18px;top:9px} #sr_widget.onDemand .sr_desc{margin:0 auto 0;} #sr_widget.onDemand .sr_desc{color: #024d99;margin-top:10px;} #sr_widget.onDemand .crypto .live_stock .lb-icon{8px 6px 5px 3px !important} #sr_widget.crypto.onDemand a.text{border-bottom:1px solid #ccc;padding-bottom:5px;display:block;width:100%} #sr_widget.onDemand .sr_desc .text p, #stock_pro.onDemand .sr_desc .text p{font-size:12px;font-weight:400;}
That’s decent. However, when compared to relatively new memecoins like Pepe, Popcat, and Dogwifhat, Shiba Inu’s performance lacks lustre.
Pepe recorded close to 1,000% growth in a year, peaking at a $7 billion market cap. Dogwfhat, on the other hand, has jumped 800% since December last year. Floki Inu is a close third, with a 600% gain.
Spotlight WireShiba Inu one-year price performance, source: CoinMarketCapEven smaller memecoins like Brett (100%) and Book of Meme (500%) outperformed Dogecoin and Shiba Inu. Solana’s Popcat has one of the most interesting journeys this year, recording close to 4,000% growth.The massive market caps of Shiba Inu and Dogecoin leave them little room for growth this year. The time is ripe for young memecoins to get their time in the spotlight.
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This season, investors are diversifying into new memecoins backed by robust projects. For example, viral memecoin Pepe Unchained recently hit the $13 million milestone in its presale. The project is building a Layer-2 protocol dedicated to memecoins.
Other memecoins to look out for this season are Crypto All-Stars and Shiba Shootout. Here is a closer look at these projects and how they stack up against largely saturated assets such as Shiba Inu, Dogecoin, and Pepe.
Pepe Unchained: Layer-2 chains have new competition
Pepe Unchained ($PEPU) is one of the new memecoins this year. But it is more than just your regular memecoin.Instead, it is developing a Layer-2 chain for emerging memecoins. It aims to alleviate the congestion issues that have long plagued meme tokens. The new Layer-2 comes with some interesting features that make it faster and cheaper than primary blockchains such as Ethereum.
Spotlight WirePepe Unchained’s flagship product has won the attention of notable industry influencers. They highlight the project’s potential to become a memecoin hub. Here is the popular YouTube channel Crypto Gains’ take on Pepe Unchained:Crypto Gains boasts over 136,000 subscribers on YouTube, with a large community of memecoin investors and traders. Reviews from channels like Crypto Gains and 99Bitcoins highlight the utility aspect of the coin.
Part of the excitement surrounding Pepe Unchained is because it is rooted in the viral Pepe meme. However, it lays the foundation for organic demand with its Layer-2 chain.
Visit the $PEPU presale
Crypto All-Stars: Meme coin staking simplified
MemeVault is a multichain, multi-token staking protocol that brings top meme coins under one umbrella. It earns passive income for active memecoin traders in its native token $STARS.Crypto All-Stars ($STARS) holders are rewarded with rewards on the staking protocol. Although MemeVault is scheduled to launch after the token listing, investors have started earning staking rewards on $STARS tokens in the presale.
Spotlight WireMore than 600 million tokens have already been locked in the staking protocol. The presale price increases with each stage as the staking APY goes down.At the time of this writing, the staking APY stood above 1,000%. Staking rewards are distributed at the rate of 2801.44 $STARS per ETH block over two years.
https://x.com/all_stars_coin/status/1834013999194931450
Memecoins are often seen as short-term investments due to their lack of utility. Crypto All-Stars sets out to challenge this narrative with its unified staking platform.
Designed to generate passive income from leading memecoins, the platform is one to watch out for. Crypto All-Stars has secured high rankings on platforms like ICOBench, CoinSniper, and 99Bitcoins.
Visit the $STARS presale
Name: Pepe Unchained
Email: [email protected]
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This story originally appeared on: India Times - Author:Faqs of Insurances
