The crypto market continues to display a frustrating lack of any substantial upside. While Bitcoin continues to trade sideways at $29,000, major altcoins like XRP and Solana are seeing strong corrections.
With all eyes now on the upcoming CPI inflation data, experts fear that the crypto market can show further decline.
As a result, investors are now pivoting their attention to meme coins, in particular to newly-launched tokens with high growth prospects.
While tokens like Wall Street Memes, Shibie Coin and Cowabunga Coin have displayed exciting potential in their presale phases, others like HarryPotterObamaSonic10Inu and Pond Coin are growing quickly the after their recent launches.
This article dives into 5 meme coins that look like they have the potential to outperform the wider crypto market this week.
Wall Street Memes Token Raises A Staggering $22 Million In Presale – Is This The Next Pepe?
The Wall Street Memes token continues its stellar presale performance and has quickly become the focal point of every meme coin enthusiast’s attention.
The token has already raised over $22 million in just over two months, with 2 presale stages still remaining.
The token’s strong start is not surprising, considering it has ties to the Wall Street Bets Reddit community that led the historic GameStop short-squeeze in 2021.
The Wall Street Memes group has since become the trendiest online trading community, backed by a million-strong internet army. Its social media pages farm over 40 million impressions monthly, with even Elon Musk frequently interacting with its Twitter account.
The team behind the $WSM token also has a proven track record in the Web3 space – its Wall St Bulls NFT collection sold out in just 32 minutes, netting a cool $2.5 million in profits.
The Wall Street Memes token is targeting the $1 Billion market capitalization, a likely prospect now that it has captured the attention of meme coin whales. Recently, a whale purchased 460 ETH worth of $WSM tokens, bringing their cumulative investment in the token to over $1 Million.
With 50% of the tokens available in the ICO, investors will continue to boost their $WSM holdings, setting the token up for another strong surge in the presale this week.
New Shibie Coin Sparks Investor Frenzy As Presale Set To End In Just 7 Days
The recently-launched Shibie token is becoming the new viral sensation of the meme coin market, capitalising on the brand value of Shiba Inu and the pitch-high Barbie fever.
The token is off to an explosive start in the presale, raising over $170K in just a week.
Experts believe that $SHIBIE has tremendous upside potential, with YouTuber Crypto Boy calling it the next 100x meme token. After all, the token is receiving a strong boost from two of the hottest global phenomena – the new Barbie movie which continues to break every record at the box office and the bustling Shiba Inu community.
Instead of resting on its laurels, $SHIBIE has adopted community-driven tokenomics, making 60% of the tokens available in the presale itself. Furthermore, it offers a smooth trading experience to investors as 20% of the token supply is allocated to provide liquidity on decentralised exchanges, with another 10% reserved for future CEX listings.
The marketing strategy and the developer team will each receive 5% of the token supply.
The $SHIBIE ICO has a hard cap of just $999,000 and will end in less than 8 days. With investors rushing to the presale to get in early and maximise their profits, the token will display another explosive growth this week.
Cowabunga Coin Shoots Past $25K Mark In An Impressive Presale Performance
Cowabunga coin is another meme token that has piqued the interest of investors, raising over $25K in less than a week.
The token has its roots in the popular Teenage Mutant Ninja Turtles franchise that has enamoured generations of global audiences through its books, movies and TV series.
The franchise’s global fan-following will certainly provide a massive boost to the Cowabunga Coin. After all, meme coin projects paying homage to famous pop-culture characters have seen remarkable success in recent times, some even displaying 1000% rallies.
Apart from its adventure-packed narrative, investors are also attracted to $COWABUNGA’s community-centric tokenomics. 35% of the tokens are up for grabs in the presale itself and another 25% have been reserved for rewarding the community.
Furthermore, the project prioritises offering a hassle-free trading experience, reserving 20% of the tokens for decentralised exchange liquidity and another 10% for centralised exchanges.
10% of the supply will also be used to build strategic partnerships and collaborations to boost the token’s user adoption, a marketing strategy that has paid dividends for other similar projects.
Cowabunga Coin is a true low-cap gem – its presale has a hard cap of $500K. With the token set to launch in just over 3 days, investors can expect a strong bull rally this week.
HarryPotterObamaSonic10Inu (ERC-20) Explodes Over 50%, Will It Hit A New All-Time High This Week?
HarryPotterObamaSonic10Inu (ERC-20), a new token with a catchy name and a fictional narrative, has been making waves in the meme coin market as of late.
Despite correcting in the last 24 hours, the token is up 53% over the past week and 820% over the past month. It also hit a new all-time high of $0.124 on the 6th of August.
The meme coin is currently priced at $0.096, after displaying a massive 15000% bull rally and amassing over $100 million in market capitalization in just three months. According to CoinMarketCap, it is currently the 7th largest meme coin by total market capitalization.
The token has captured the imagination of meme coin investors through its wild, but highly-entertaining fictional narrative that includes a wide array of characters such as former US President Barack Obama, popular video game character Sonic The Hedgehog and JK Rowling’s Harry Potter.
Due to its widespread popularity, the token is enjoying over $12 million in daily trading volume and has already gained close to 6k subscribers on Telegram.
While the token has depreciated close to 5% over the past day, its recent explosive volatility can help it retest its all-time high sometime this week.
Pond Coin Creates Market Hysteria Mere Days After Launch
Pond Coin has displayed a dominant performance after its launch, surging 40% over the past day and 167% over the past week.
$PNDC is currently trading at $0.000002 after appreciating another 1.5% over the past hour. It remains one of the few meme tokens that are still bullish despite the bearish crypto market outlook.
The token is currently one of the hottest commodities in the meme coin market, trending high on the Dextools trading platform. It has already amassed over $58 million in market capitalization and has close to 27k followers on Twitter.
The project revealed that $PNDC became one of the top tokens on Uniswap after just one full day of trading and was outperformed only by Ethereum and stablecoins. Furthermore, it already has over 10,000 on-chain token holders as of yesterday.
$PNDC is receiving a massive boost from various centralised exchange listings, with Poloniex becoming the latest CEX offering the token on its platform. Other platforms like LBank, MEXC, CoinMarketCap, MetaMask and Trust Wallet have also partnered with the token.
With Pond Coin gaining such enormous traction, a Tier-1 exchange listing like Binance is not out of the question. In such a case, $PNDC will likely display a strong bullish continuation this week.