New Ethereum meme coins are rallying again, owing to the improving broader crypto market sentiment.
For instance, Biaoqing – a Chinese panda-themed meme coin – is up by nearly 45% today on Saturday. Chinese and Asian meme coins appear to be the new meta, particularly after the success of PeiPei, also known as the Chinese Pepe.
Similarly, the Fofar price is up by almost 8% today. Fofar – similar to Pepe the Frog – is a character from Matt Furie’s Boy’s Club webcomics.
Experts have also identified PlayDoge as the Ethereum meme coin that could explode next. PLAY has already raised close to $6 million in its ongoing presale, thanks to its play-to-earn utility and staking rewards.
Biaoqing and Fofar Prices Explode
Experts reveal that the Biaoqing meme is just as popular as Pepe the Frog in the Chinese culture. In fact, Yahoo Finance recenrtly called it the biggest Chinese meme.
Unsurprisingly, experts are bullish on it, epxecting it to replicate PEPE’s meteoric ascent. In fact, analysts believe investors may still be extremely early to BIAO, considering it has a market capitalization of just $14 million.
However, the price could be much higher in the days to come. Notably, PeiPei – another Chinese meme coin – quadrupled in price in less than a month. There is no reason why BIAO cannot replicate its success.
Popular crypto trader Sloka highlights that the Ethereum meme coin is forming an inverter head and shoulder pattern, a decidedly bullish structure. He believes that BIAO could skyrocket if it manages to breach the $15 million market capitalization.
In fact, new buyers can receive over 3x returns if BIAO does nothing more than hit its current all-time high of $0.0477.
Similarly, Fofar – another Ethereum meme coin is up nearly 8%. Its copycat token – which also has the FOFAR ticker – is live on Solana and has surged by 700%.
However, the latter is likely a pump-and-dump scheme, considering that its developer has sniped 32% of the token supply at launch.
Nevertheless, new Ethereum meme coins are now expected to be in high demand, primarily due to the spot ETH ETFs going live by mid-July. Notably, new meme tokens outperformed most assets during this year’s first quarter crypto rally, turning several small-scale investors into millionaires overnight.
Experts believe that tokens such as PlayDoge can offer similar opportunities in the coming months.
Is PlayDoge The Next Meme Coin To Explode?
A new play-to-earn meme coin – PlayDoge (PLAY) – is going viral during its ongoing presale, raising nearly $6 million in a few short weeks.
In fact, some experts are already labelling it as the next big crypto game that could follow in the footsteps of Notcoin and Hamster Kombat.
Think of PlayDoge as the modernized version of Tamagotchi, with upgraded specs and an added incentive of earning crypto.
Players get to own the iconic Doge character as their virtual pet, which they could interact with using a smartphone. They must feed, train and play with their pet or watch it run away to another home or die.
As previously mentioned, players can earn free crypto and XP, simply by completing classic games such as 8-bit side-scrollers. Those with the most experience points will win bonus rewards.
If this isn’t enough, PlayDoge investors can stake their holdings and earn attractive yields, both on the BNB Smart Chain and Ethereum.
With the broader market sentiment improving and the demand for new Ethereum meme coins rising, some experts even believe that PLAY can deliver up 10 100x returns after its launch.
