Amid the broader interest in companies jumping into non-fungible tokens (NFTs), Adidas has remained a leader in this game, as it has recently conducted strategic partnerships to push its brand further within the crypto sector. For one, it has conducted a partnership with Crypto: The Game, where through a specialized competition, winners can get access to Adidas tracksuit represented as NFTs in a collaboration with STEPN, they’ve also released 1,000 non-fungible tokens (NFTs) which represent Adidas sneakers on top of the Solana blockchain. These are required to utilize STEPN, and each one starts at 10,000 GMT or $2,400 when converted with the current exchange rates.
Now, many investors and traders want a piece of this NFT pie and, as a result, have begun to diversify their holdings with cryptocurrencies, specifically memecoins that feature NFTs as a part of the ecosystem or inspired by their mascots. The 5 key memecoins that we will be analyzing to see just how far they can spike in value include KangaMoon (KANG), Pepe (PEPE), Floki (FLOKI), Shiba Inu (SHIB) and Book of Meme (BOME). By the end, we will determine the best meme coins to invest in.
1. KangaMoon (KANG) to Feature NFT Marketplace and P2E Elements
KangaMoon (KANG) is a meme coin project that can completely revolutionize the industry and change the way enthusiasts and traders see this portion of Web3. It will do this through fusing together Social-Fi elements and a community-driven approach, and putting them within a Play-to-Earn (P2E) world that rewards players.
In fact, aside from most other meme coins, the KANG token offers real utility, as it provides holders with exclusive challenges for extra tokens and in-game items. In the dedicated marketplace, any player can buy, sell or trade valuable NFTs that they gain by battling or participating in tournaments. Anyone can participate to get free KANG tokens by being active members of the community, and it’s clear that interest is massive as over 29,000 users have already signed up.
Based on the on-chart data, the KANG token has already surged 290% as it climbed from $0.005 to $0.0196, and it’s not stopping here. The presale has raised over $5.5 million and will raise over $7 million by the end of May. According to the latest analyst projections, analysts are predicting a 100x price increase for the KANG token following its launch and major exchange listing, making it one of the top meme coins to watch.
2. Pepe (PEPE) Grows 2,679.4% and Can Dominate in 2024
Pepe (PEPE) is a well-known Ethereum-based meme coin that utilizes a deflationary mechanism. What this means is that it burns a small percentage of tokens with every transaction that occurs. As a result, over the years, it has seen a major price increase as it has appealed to traders and investors on a global scale.
When looking at the Pepe price chart, the crypto has seen a year-to-date (YTD) climb of 2,679.4%. Moreover, within the span of a single week the Pepe crypto is up from $0.000004037 to $0.000009177, and at this rate could see far more substantial gains. According to the Pepe price prediction, it can end 2024 at $0.0029.
3. Floki (FLOKI) Makes 516.4% Jump in Value and Can Reach $0.000216
Floki (FLOKI) is another cryptocurrency that has experienced substantial price gains as it gained a significant following from an enthusiastic community. This meme coin was inspired by Elon Musk’s dog. However, since then, the Floki crypto has become a part of a fully-fledged ecosystem that spans Decentralized Finance (DeFi), NFTs and even the Metaverse.
As for the Floki price performance, the crypto has grown 516.4% within the past year. Moreover, within the past week, it increased from $0.00013 to a maximum value of $0.000179, marking an 11.3% rise for this memecoin. At this rate of growth, based on the Floki price prediction, it can reach $0.000216 by the end of Q4 2024.
4. Shiba Inu (SHIB) Grows 2,679.4%and Can Reach $0.0029 by Q4
Shiba Inu (SHIB) is one of the main competitors to the Dogecoin cryptocurrency, and has over the years become one of the most prominent meme coins in the industry. It originally launched in 2020 to challenge the most popular meme coin, by also featuring the Shiba Inu dog as its mascot, but over time evolved into its own ecosystem and the Shiba Inu crypto began appealing to many Web3 enthusiasts.
In addition, based on the Shiba Inu price performance, the crypto has experienced a year-to-date (YTD) climb of 2,679.4%, and in the past week moved up from 0.000004037 to a maximum point at $0.000009177, climbing by a total of 14%. With this bullish momentum in mind, the cryptocurrency is projected to reach $0.0029 by the end of Q4, 2024, positioning it as a top cryptocurrency to jump into, positioning it as one of the most solid meme coins to watch.
5. Book of Meme (BOME) Surges 21.7% in a Week – Is the Climb Over?
Book of Meme (BOME) is another cryptocurrency project that was inspired by the meme culture in the DeFi space, and leverages blockchain technology to provide users with an optimized experience in Web3. It aims to offer a secure, seamless platform through which anyone can swap cryptocurrencies.
Within the span of a single week, the Book of Meme price has gone up by 21.7%. Moreover, during this time, the Book of Meme crypto experienced a price-climb from a low point of $0.008012 to a maximum value of $0.01135, which showcased a major potential for growth in the future as-well. Based on the Book of Meme price prediction, this crypto has the potential to reach $0.0256 by Q4 2024.
Summary
As Adidas has remained one of the largest brands to become a major player within the NFT space, launching tracksuits and sneakers and conducting strategic partnerships, NFT-connected projects are booming in appeal. This has resulted in significant price gains for Pepe (PEPE), Floki (FLOKI), Shiba Inu (SHIB) and Book of Meme (BOME). However, the most significant ROI can be made with KangaMoon (KANG), as it can completely redefine the meme coin space while also featuring NFTs. These aspects position KANG as one of the best meme coins to invest in.
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