The meme coin mania is continuing in full swing, with new tokens delivering outsized returns every day. The 2024 bull run has already witnessed several retail investors turn into crypto millionaires by investing in the right meme coin early.
While the broader crypto market cap remains largely directionless and is displaying a consolidatory price action, low-cap meme coins such as Book of Meow and Meme AI are skyrocketing.
Investors continue to hunt for more new tokens – preferably Solana meme coins – that could explode next. Experts believe that Slothana could be the next Solana gem to deliver over 100x returns.
Book Of Meow, Meme AI Dominate The Meme Coin Market
Most large-cap meme coins remain strongly correlated with Bitcoin and are therefore displaying tepid price action. Even with the Dogecoin price surging by 6% today on Saturday, the top meme coin is down 13% over the past week.
Similarly, the recent phenomenon Book Of Meme is down 2% today and 9% in the past 7 days. However, a new cat-inspired token – Book of Meow – has skyrocketed by 285% today.
Its market capitalization is now above $45 million and the token is witnessing a 160% surge in its daily trading volume, worth $85 million. BOMEOW launched just a few days ago on April 4th at an initial listing price of $0.017. In less than 3 days, the meme coin already reached a peak value of $0.80, representing a staggering 5x growth.
Book of Meow already has 13k token holders and is trending on both DEXTools and DEXScreener. The token has already launched on the BitMart crypto exchange, with two more CEX listings imminent in the next few days. Some bullish investors are already hoping for BOMEOW to hit a $1 billion market capitalization.
@Bomeow_solana has done a stellar job launching a presale.
— Crypto_Kratos (@Crypt0Krat0s) April 4, 2024
Anyone doing a presale/fairlaunch needs to assess what this team has done!
Congratulations, let's make 1 Billion MC#Solana #meme #BookOfMeow pic.twitter.com/slnIO72vTS
Similarly, the Meme Ai token is also seeing strong hype, rallying by more than 67% today on Saturday. This meme coin hit the market in the early days of February and is currently up 400% from its initial listing price, currently trading at $0.009.
However, two exciting features of this token have made investors extremely bullish. Firstly, it has a relatively low market capitalization of just $7.1 million and could therefore offer much higher returns. Secondly, it is down 73% from its all-time high and therefore has a much higher upside.
The Meme AI X account has also revealed that the project is set to launch its own NFT collection – with 5000 unique art pieces – that could also provide a strong boost to the token price.
Why Slothana Could Be The Next 100x Solana Meme Coin?
Crypto influencers and YouTube trading experts are backing Slothana (SLOTH) – a new office sloth-inspired token – to be the next big Solana meme coin.
It’s not without reason that popular crypto YouTube channel 99Bitcoins – which has over 700k subscribers – has mentioned the possibility of $SLOTH offering up to 100x returns. YouTubers Jacob Bury and ClayBro have also agreed with this projection.
It is not just YouTubers and influencers backing Slothana. The demand for the new meme coin is evident in its ongoing presale. $SLOTH has raised over $9 million – higher than the current valuation of Meme AI – in just over a week of presale.
Could Slothana Be The Next Slerf?
Experts have also mentioned the possibility of Slothana turning out to be the next Slerf. Indeed, the two projects do have some striking similarities, with the most obvious one being both of them are sloth-based meme coins.
Secondly, $SLOTH has adopted Slerf’s innovative presale model – investors can directly send $SOL tokens to the project wallet. The wallet address is EnSawje2vQSQKtGbPYdXEuYKm2sHgeLKJTqCmrDErKEA.
However, Slothana does have a few advantages as well. Firstly, its presale does not have a hard cap, which is generating even more hype and FOMO since the ICO could end with very short notice.
Secondly, Slerf lacked an experienced team behind it. The fact that its developer accidentally burned all presale tokens is widely known. On the contrary, $SLOTH’s developer team is rumoured to be the same one that led the Smog meme coin to its remarkable success.
Indeed, Smog was an even bigger success than Slerf and has already delivered close to 27,000% returns to the early buyers. If the rumours are true, Slothana could follow in Smog’s footsteps.
