After an infamous debut in May, the Pepe Coin quickly rose to a $2 billion market cap, with some early investors generating millions in profits from small investments. However, its hype has died down in recent months, with the project now holding a $300 million market cap.
The price peaked at $0.000004354 but is currently down -81%. Some of the price decrease is due to the project’s volatility, but Pepe also recently underwent a monumental debacle as supposed ex-team members stole $15 million from its multi-signature wallet.
Those involved have reportedly been removed from the team since, but the controversy has left a permanent stain on the project, leaving market participants seeking a new alternative.
Although it could still recover, gains of its earlier magnitude are unlikely to return due to its relatively high market cap. However, investors should not be fazed. The meme coin market is a hotbed for new, trending projects that can pump 10-100x overnight. Here are our top picks for coins that could be the next Pepe.
Meme Kombat GambleFi Token Raises Almost $200K as Investors Seek 112% APY
Meme Kombat ($MK) is a new presale meme coin enabling users to gamble on battles between their favorite meme characters. The presale launched on 25 September and has already raised $189K, indicating a fast sell-out and high upside potential once it launches on exchanges.
Meme Kombat’s utility and integration of crypto gambling provide a fresh and innovative approach to meme coins that help differentiate it from others. Additionally, the project offers a staking mechanism with a 112% annual percentage yield.
As well as incentivizing community participation, its staking mechanism reduces the token’s available supply. Furthermore, users require the $MK token to bet on battles, providing a steady and predictable demand stream.
Therefore, the token could see low supply and high demand, which, when coupled with its viral meme coin allure, bolsters its price potential.
Meme Kombat boasts various game modes, traditional odds mechanics for fair and realistic gameplay, and different meme characters, battle types, and community rewards.
Considering the fun-filled nature of gambling on meme coin battles and its robust tokenomics, Meme Kombat could see significant demand in the months ahead. However, potential investors must act quickly as the presale is selling out fast.
Shiba Inu’s Shibarium Utility Token Bone ShibaSwap Boats Massive Potential
While Shiba Inu started as a simple ERC-20 meme coin, the project has gradually evolved into an all-encompassing blockchain ecosystem featuring a DEX, NFTs, and, most recently, an Ethereum layer 2 blockchain named Shibarium.
Considering there are 1.3 million SHIB holders, Shibarium holds lots of potential. However, the token used for staking and gas fees on the network will be Bone ShibaSwap, not the Shiba Inu token.
As such, demand to use the network will directly benefit the BONE price. Currently, the project has a market cap of $187 million. Comparatively, Shiba Inu holds a $4.3 billion market cap but less utility.
Another promising sign is that the Shiba Inu team has recently renounced control of the Bone ShibaSwap token smart contract, meaning the project is now fully decentralized and controlled by its holders.
With this in mind, BONE is faring as one of the most promising meme coins, particularly if demand for the Shibarium layer 2 blockchain kicks in.
Promising Meme Coin HarryPotterObamaSonic10Inu (ERC-20) Pumps 20% and Shows Signs of Breakout
Following the unprecedented rise of Pepe, the following meme coin to soar was HarryPotterObamaSonic10Inu (ERC-20). The project is mysterious and confusing but has compelled the meme coin community, currently holding a $91 million market cap after launching in May.
However, it has sold off since peaking in August. Currently trading at a 51% discount and significantly lower than Pepe’s ATH.
Despite this, the project has kickstarted a new trend of long-name meme coins and also goes by the iconic ticker symbol of BITCOIN.
The project seems to be pioneering a new obscure sub-genre of meme coins. Yet, as we saw with Dogecoin and even Pepe, this unfamiliarity can propel projects to unprecedented heights.
Over the past week, HarryPotterObamaSonic10Inu (ERC-20) is up 21% and has begun creating higher highs and higher lows on the price chart. This means it is forming a break-out pattern after a strong pullback, pointing to more upside potential.