Book of Meme (BOME) is the number one trending crypto right now on CoinMarketCap as it is currently up more than 20% on the day. However, it should be noted it has already lost some of its earlier gains. Does this mean it is too late to buy the meme coin?
We are leaning toward yes, but don’t worry, there are plenty of other meme coins that should be able to outperform Book of Meme both in the short term and long term. We made a list of the top 5 must-have meme coins and they are as follows:
- Dogecoin20 (DOGE20)
- Smog Token (SMOG)
- Sponge V2 ($SPONGEV2)
- DogWifCat (DWIFC)
- Pikamoon (PIKA)
Let’s take a look at why these coins are worth investing in now.
Dogecoin20- The meme coin that could usurp Dogecoin as king of meme coins
The meme coin market has been exploding over the last year because of an influx of investors. A good side effect of this has been the market has been evolving due to increased competition. Dogecoin20 (DOGE20) is an example of this and its goal is to be the new and improved Dogecoin (DOGE). Unlike other projects around it, the original meme coin has stood still while others evolve.
Dogecoin20 has the advantage of being able to look at what has changed since Dogecoin came on the market and find ways to improve. The main way they have done this is by building their coin on the Ethereum network. Unlike Dogecoin, which is a proof-of-work token, Dogecoin20 is proof-of-stake which is much better for the environment.
Not only this but it also has the advantage of being able to add staking to its ecosystem. We have seen over the last few months that staking has become a huge feature in most new crypto projects. Dogecoin20 has set up its staking model so those that stake earliest will get the most rewards in the future. This is smart as it’s the best way to ensure long-term success.
Smog Token- Solana meme coins are the best bet for future success
A very noticeable trend in the meme coin market over the last while is how successful Solana meem coins have been. The network just seems to churn out profitable project after profitable project. One of the coins that is already delivering right after its fair launch is Smog Token (SMOG). The dragon meme coin threatens to destroy all meme coins and we think it could.
After pumping by hundreds of percent after its launch Smog Token (SMOG) has settled down a little. However, there is more growth to come in the future we think. That is because the main feature of the Smog Token ecosystem is still to come down the road. The project has promised to provide the biggest airdrop events the market has ever seen.
If there’s one thing every crypto enthusiast loves it’s airdrop events so we expect the token to explode once their dates come nearer. Investors can start to position themselves to receive the most rewards immediately after investing too as completing daily tasks on Zealy will earn them airdrop points. The more points they get the more rewards they will receive from the airdrop events.
Sponge V2- Version 1 made a big splash and version 2 looks like it could be even bigger
Sponge V2 ($SPONGEV2) is a fascinating concept for a meme coin as the people behind the projects have come up with a very novel way to add a second coin to their ecosystem. Through a stake-to-bridge system, they hope that they can help both tokens thrive in their ecosystem.
For those who aren’t familiar, Sponge Token is the first token from this ecosystem. It was one of the stars of 2023 because of its humble beginnings. It launched with no publicity, in a bearish market, on a single exchange. It still managed to pump by hundreds of percent, gained a huge social following, and got added to 9 other exchanges. This is the token Sponge V2 will be hoping to build on.
How they will do this is through a stake-to-bridge system as we mentioned. Investors that wish to purchase $SPONGEV2 must first purchase and stake $SPONGE. When they do so an equivalent amount of version 2 will also be purchased for them. Once version 1 sells out they can claim their Sponge V2 tokens along with the staking rewards which will be paid out over 4 years.
DogWifCat- Another Solana meme coin that surged immediately for investors
We mentioned above how Solana meem coins were as good a bet as any other given how they are performing lately and DogWifCat (DWIFC) is a perfect example of this. The latest meme coin from the ‘Dog Wif’ dynasty just launched this week and pumped by over 2300% almost immediately. Not only this but it reached a market cap in excess of $10 million.
The growth has slowed down a little now as is to be expected but another chance will come for this meme coin again as it always does for Solana coins. It is worth noting that DogWifHat(WIF) reached number four on the meme coin ladder showing the dominance that these kinds of coins can have. Expect it to explode again soon.
Pikamoon- Another meme coin hoping that it’s P2E game will attract investors
A popular recipe for a project’s success lately has been pairing meme coins with a P2E game. Pikamoon (PIKA) may have one of the better formulas when it comes to this as its P2E game has also taken inspiration from one of the biggest gaming franchises of all time; Pokemon.
The game itself will add good utility but also give users a chance to explore the metaverse. Players will get a chance to mint their own NFT sidekick right at the start of the game who will accompany them on adventures. These adventures will also throw up plenty of chances to earn in-game currency which investors should love.
Conclusion
While Book of Meme did enjoy some great early gains today it does seem to be on a downward trajectory now. That doesn’t matter though because Dogecoin20, Smog token, Sponge V2, and DogWifCat all represent better investment opportunities. Another bull market may be on the horizon and now is the perfect time to invest.