With global liquidity on the rise and market capital rotating back into high-volatility assets, meme coins are on the verge of a parabolic breakout.
The large caps like Dogwifhat, Pepe and Bonk are already by nearly 40% over the past week. However, their large market capitalization limits their upside potential, causing savvy investors to turn to mid-caps and low-cap meme coins.
In particular, there has been considerable speculation around Moo Deng and Sundog in recent weeks. With both projects poised for multi-billion dollar valuations, this article into which is the best meme coin to buy for maximum returns in the coming bull run.
Notably, low-cap gems like Flockerz and Pepe Unchained are also in high demand among investors hunting for 100x returns.
Moo Deng – Next Billion-Dollar Meme Coin or Just A Fad?
Hippos have now joined dogs, cats and frogs to dominate the meme coin sector.
With the Thailand-based baby hippo Moo Deng going viral on social media, it was only a matter of time before its meme coin saw explosive returns.
Unsurprisingly, smart money investors did not miss out on this opportunity of making millions. For instance, one trader has turned $100 into $9.4 million after Moo Deng price skyrocketed.
The new viral hit Moo Deng (MOODENG) token on Solana now has a market capitalization of $195 million after being one of the best-performing tokens over the past week.
There is still plenty of narrative for the meme coin to rally on. For instance, the Moo Deng mania isn’t even close to being over. On the contrary, the baby hippo was featured on Saturday Night Live, which has prompted some prominent traders to claim that the meme coin is going to $1 billion.
Additionally, top-tier exchanges are looking to list MOODENG on their platforms. After KuCoin’s recent listing, Bybit has hinted at a potential launch.
However, the meme coin has been showing extreme downside volatility since reaching its all-time high on September 28th. The Moo Deng price has corrected by a massive 30% today and is down by over 40% since its all-time high.
The ongoing correction could simply be profit-taking from whales after a meteoric bull rally. However, Moo Deng needs to showcase whether it is anything more than just a fad. Prominent traders are already questioning its long-term viability.
Sundog – The Top Meme Coin On Tron
The top meme coin on Tron is on the cusp of a major bull run, with experts calling it one of the best meme coins to buy now.
Despite consolidatory price action over the past week, the Sundog price is up by north of 40% in the past month.
The broader sentiment surrounding SUNDOG is decidedly bullish, partly due to Tron founder Justin Sun’s strong backing and its partnership with other successful projects like First Neiro On Ethereum.
There is also speculation that the meme coin could see a flood of top-tier exchange listings in the coming days, with a Binance listing also on the cards.
The bulls would look to flip the $0.35 resistance, which could trigger an upside move to $1. However, it is key to continue holding above the $0.28 – $0.30 price range. A breakout below could result in short-term downside volatility.
Moo Deng vs Sundog – Which Is The Best Meme Coin To Buy?
Moo Deng’s meteoric ascent has created many a rags-to-riches story. The hype surrounding the baby hippo that has inspired the meme coin is still ongoing.
However, the project does not offer any utility, nor does it have the support of top crypto exchanges like Binance or Coinbase.
In such a scenario, it is a valid question to ask what will happen to the meme coin once it is replaced by another internet craze.
As such, the Moo Deng price is already down by over 40% from its all-time high. Perhaps, it could be a good high-risk, high-reward investment once it reaches a sub-$100 million valuation.
However, experts are decidedly bullish on Sundog, the top meme coin Tron, calling it one of the best meme coins to buy now. The project has the explicit support of Justin Sun and has key partnerships with projects like First Neiro On Ethereum, which is now also listed on Binance spot and futures markets.
Analysts believe that the meme coin could reach a $1 billion valuation in the coming months. However, it would still mean less than 3x returns from its current market capitalization, which explains the continued demand for low-cap meme coins like Pepe Unchained and Flockerz.
Low-Cap Meme Coins PEPU and FLOCK In High Demand
Pepe Unchained (PEPU) has been one of the hottest presales of 2024 and has raised over $16 million.
Unlike Moo Deng, PEPU is a high-utility meme coin and is introducing a new ecosystem specifically designed for meme coin trading. This will include a new Layer-2 chain on Ethereum, block explorer, custom DEX as well as developer grants for new projects.
With such high demand, it isn’t a surprise that experts are bullish on PEPU, with some calling it the next 100x crypto.
Similarly, Flockerz (FLOCK) is another utility-driven low-cap meme coin. FLOCK has raised nearly $400k in its ICO, in part due to its vote-to-earn mechanism.
The meme coin will have a native DAO, Flocktopia. This will allow investors to control the direction of the project with their votes and earn monetary rewards simultaneously. If this isn’t enough, FLOCK presale buyers can earn staking rewards, currently at an APY of over 7800%.
Prominent crypto traders are also bullish on Flockerz, with some aiming for 10x returns from it.
