With the crypto markets experiencing a week of parabolic gains, many investors want to gain exposure to the most explosive crypto category: meme coins. However, picking the right ones can be challenging because there are so many to choose from.
This article considers factors like price, market cap, community, use cases, and market trends to provide the best five meme coins to buy for the next bull run.
Meme Kombat: P2E Meme Coin With 112% Staking APY
Thanks to its utility and viral potential, Meme Kombat ($MK) is the best meme coin to buy ahead of the next bull run. The project is a gambling platform that lets users bet on the outcome of AI-generated battles between popular meme coin characters using the $MK token.
The project remains in its stage one presale and has already raised over $700K in one month. This provides investors a rare opportunity to buy a meme coin with real utility for its lowest-ever price.
Meme Kombat aims to deliver a compelling and immersive gambling experience by leveraging sophisticated gambling mechanisms and multiple seasons comprising new battle modes, rewards, and opportunities.
What’s more, it offers a staking mechanism with a 112% annual percentage yield, rewarding its community while removing tokens from circulation.
The project is a unique blend of crypto casino, meme coins, and Play-to-Earn – so its tremendous upside potential becomes evident as we factor in $MK’s utility.
Numerous prominent analysts have picked up on Meme Kombat, one being Michael Wrubel, who recently provided multiple reasons why he is bullish on the project to his 300K YouTube subscribers.
However, the presale is rapidly selling out, so those looking to buy must act fast.
Wall Street Memes: King of Memes Wants the Crypto Casino Crown
Wall Street Memes ($WSM) is a prominent new meme coin that recently underwent one of the most successful presales of 2023, raising over $25 million in four months. Following its exchange launch, the project exploded 3x from its presale price.
However, as investors locked in profits, the price has pulled back, presenting a timely opportunity for new traders to buy.
The project has a $56 million market cap, and its price is up 1.37% in the last day and over 30% in the previous five days, signs that a broader recovery is imminent.
Its recent pump is because the team just announced a new crypto casino, enabling users to gamble on hundreds of games and sportsbook events using the $WSM token and other top cryptos like BTC and ETH.
The new casino also offers a 200% deposit bonus up to $25,000 and 200 free spins when making a first deposit with $WSM.
Wall Street Memes boasts an online community of over one million followers and has received notable X engagement from Elon Musk. Combined with its newfound utility, these factors could enable $WSM to challenge for top three meme coin status in the upcoming bull run.
Sponge: Viral Meme Coin Making a Comeback After Staking Announcement
Sponge ($SPONGE) is a meme coin that rose exponentially alongside Pepe earlier this year but followed other meme coins and sold off over the past months. However, it has begun substantially recovering after its team announced a new staking mechanism, with additional announcements also rumored to be in the pipeline.
The project has surged 15% in the last 24 hours, with staking set to go live on 1 November. The staking mechanism could see the available supply plunge as tokens get locked into the project’s smart contract.
However, rumors have circulated that the team will make new announcements of a token burn and new partnerships shortly.
Given Pepe’s price has just exploded 40% on the back of a token burn announcement, this could make $SPONGE the next crypto to explode.
Moreover, new partnerships could increase Sponge’s exposure to new audiences, increasing demand and positively affecting price, especially given that the staking mechanism will reduce its supply.
With this in mind, potential investors must act quickly to buy $SPONGE before the announcements are made.
Bone ShibaSwap: Utility Token for Shiba Inu’s Shibarium Layer 2 Network
Shiba Inu recently launched Shibarium, its layer 2 Ethereum scaling solution, to expand its ecosystem.
Yet, the network will use Bone ShibaSwap ($BONE) rather than the Shiba Inu token ($SHIB) for gas fees and staking.
This provides notable utility to the token, particularly given Shiba Inu’s vast community comprising 1.3 million holders.
Bone ShibaSwap devs also recently renounced the smart contract, bolstering the project’s decentralization.
High Ethereum gas fees lead to layer 2 networks to fare in high demand during bull markets, so Shibarium could gain significant traction in the coming months. This is furthered by Shiba Inu’s already massive community, which would likely choose Shibarium over another layer 2.
Currently, Bone ShibaSwap is priced at $0.81, up 9% in the last 24 hours. However, it is down 19% in the previous year and 98% from its $41 all-time high.
While reclaiming its ATH would be challenging, its new utility combined with Shiba Inu’s strong community presents significant upside potential.
Pepe: Top 3 Meme Coin That Recently Made Bullish Announcements to Pump 40%
Despite exploding into a top 3 meme coin in the recent bear market, Pepe’s price suffered significantly in recent months, currently down 78% from its ATH.
However, a recent announcement has propelled it to resurge as one of the most viral coins, pumping 40% in one day earlier this week.
Pepe’s recent announcement noted that it would burn its holdings of 6.9 trillion $PEPE worth $6,000,000. This amends a mishap from August where ex-team members stole $15 million worth of Pepe from the project’s multi-signature wallet, damaging the community’s confidence.
What’s more, the announcement revealed that it is bringing a new team of advisors on board to guide the project moving forward.
Currently, Pepe is priced at $0.0000009376 with a $367 million market cap. This is significantly lower than the other two top meme coins, Shiba Inu and Dogecoin, currently holding multi-billion dollar market caps.
Such a low market cap relative to its rivals could enable Pepe to significantly outperform them as the next bull run kicks in.