The crypto market is struggling from lack of any substantial upside, witnessing an unusual lack of volatility, interspersed with bearish downward movement.
While Bitcoin remains stuck in the $29k – $30k price range, altcoins like XRP, Cardano and Solana have plummeted by as much as 9% over the last week.
However, many meme coins continue to show bullish sentiment. This article explores four potentially high-performing tokens and predicts their price movement for this month.
Wall Street Memes Set to 100x After Raising $20 Million in Presale
The Wall Street Memes token has quickly become the talk of the meme coin market, even drawing comparisons to Pepe. The token has already hit the $20.5 million mark in the presale in just over two months.
Born out of the historic GameStop short squeeze, Wall Street Memes group boasts a million-strong internet army and is the internet’s hottest trading community. This provides a fortified user base for the $WSM token, which is targeting a $1 billion market capitalization after launch.
The group has also proven its expertise in the Web3 space, profiting a cool $2.5 million after its Wall St Bulls NFT collection sold out in 32 minutes.
Instead of resting on its laurels, the project has adopted community-driven tokenomics, making the entire token supply available to the public without any cuts for the team or any private sale.
Furthermore, 50% of the tokens are up for grabs in the presale itself while another 30% are reserved for rewarding the community.
$WSM is currently at $0.0328 in the 27th stage of its presale, with 3 more stages left and will launch at $0.0337. With the presale almost at its hardcap, the token could well launch on exchanges this month.
Crypto analysts are extremely bullish on $WSM. YouTuber Cilinx Crypto believes that the token could show a 100x surge after launch and become the next global meme coin phenomenon. Michael Wrubel also backs this prediction, stating that Wall Street Memes could be the next meme coin to make traders rich, and we agree.
Shibie Coin Generating FOMO As Presale Nears $100k in Just Two Days
The Barbie fever is currently sweeping the globe and now the meme coin enthusiasts are joining the party.
Capitalising on Shiba Inu’s established brand value and Barbie’s recent popularity, the newly-launched Shibie Coin is making waves in the meme token market.
Furthermore, with its presale ending in less than 6 days and having a hard cap of $999,000, investors are rushing to get in early and maximise their profits. The token has already raised $82k in just two days and is on the verge of hitting the $100k mark.
The project has made 60% of the tokens available in the presale itself, a move that helps small-scale investors generate significant returns.
Furthermore, 20% of the tokens will provide liquidity on decentralised exchanges while another 10% are reserved for future centralised exchange listings, ensuring a smooth trading experience for investors.
5% of the tokens have also been allocated to the project’s marketing strategy, making sure that $SHIBIE takes full advantage of the ongoing Barbie mania.
The token is priced at just $0.000167, but we think it could be worth a lot more after launch. Crypto YouTuber Jacob Bury believes that $SHIBIE has 10x upside potential.
Based on the original Shiba Inu’s success and the unique brand of Shibie, we think it could go even further, potentially reaching a price of $0.00097 – a 480% gain from the presale price.
Interested investors can purchase the token by swapping ETH and USDT in exchange for it.
Cowabunga Coin Launches Much Anticipated Presale with Traders Having Just 7 Days to Secure Tokens
Meme coin projects supporting famous pop culture characters have seen incredible success in recent times.
The new Cowabunga Coin, with its roots in the popular franchise Teenage Mutant Ninja Turtles, is another such token that has led to widespread enthusiasm in the meme token market.
The token presale has a hard cap of just $500,000 and $10k worth of $COWABUNGA has already been sold out in the presale. Furthermore, with the presale ending in just 7 days, interested investors have only a limited opportunity to grab the token at the cheap price of $0.000357.
$COWABUNGA is a true low-cap gem, as it will have a starting market capitalization of just $1.4 Million. Furthermore, the token has adopted community-friendly tokenomics, such as making 35% of the tokens up for grabs in the presale itself and reserving another 25% for community rewards.
10% of the supply is also allocated to secure partnerships and collaborations, helping boost the token’s user adoption.
The token could be primed for an explosive surge following the Cowabunga coin presale. Based on the recent performance of similar meme coins like Pepe and Pepe 2.0, we think the token could rise as much as 500% to a price of $0.0021.
After all, Teenage Mutant Ninja Turtle is one of the most popular franchises in the world, captivating global audiences across generations through movies, comics and TV series.
Bone ShibaSwap Remains Bullish Despite Bearish Market Sentiment, How Long Will The Rally Last?
Bone ShibaSwap is the governance token of the Shiba Inu community. With a total supply of 250 million tokens, it is used by community members to vote on proposals in the SHIB Doggy DAO.
More importantly, Bone will also serve as the utility token of Shibarium, Shiba Inu’s Layer-2 network.
The token is up 25% over the past week and has even managed to surge 1% over the past day despite the global crypto market being in the grip of strong bearish forces.
Bone received a major boost when leading Shiba Inu developer Shytoshi Kusama announced that the entire remaining supply of the token will be minted. Furthermore, most of the tokens have been allocated to validators who will ensure the smooth running of Shibarium.
Kusama also revealed that Bone will serve as the gas token and enable governance with Shibarium.
The launch of the Shibarium network is expected to be a major bullish event for both Bone and SHIB. The upgrade is expected to improve the scalability of the Shiba Inu blockchain, reducing transaction costs and boosting speed.
With the Shibarium expected to be launched in August, Bone is primed to see a major bullish continuation and surge past the $2 mark. We predict the token will hit a high of $2.15 by the end of the month.