The meme coin market has taken a significant hit over the past couple of days.
Overall trading volume plummeted by 36% during this period, landing at around $2.45 billion on May 12th.
Leading meme coin, Dogecoin, dropped by 11% on the weekly chart, while Shiba Inu saw a 9% decrease.
Among the other top-ranked memes by market cap, Popcat (POPCAT) took the hardest hit, witnessing an overnight plunge of 20.3%.
Other big meme coins didn’t fare much better. Floki (FLOKI) saw its price tumble by 10%, while Bonk (BONK) and Dogwifhat (WIF) suffered losses of 14.5% and 10.5%, respectively.
This market downturn was accompanied by the liquidation of substantial long positions, indicating a bearish sentiment among traders.
However, the picture is not as bad as it seems. There are indications that the meme mania is far from over, and we may have found the safest way to make serious profits off of it.
Let’s dive in deeper.
>>>Get the Best Presale Project Now<<
Doge-Themed Meme Coins Have Always Surged Back from the Dips – The Same Will Happen This Time
Since the first meme coin, Dogecoin was launched back in 2013, the interest in dog-themed projects never disappeared.
There were successful coins with different narratives since, but none of them came close to DOGE.
This strength is thanks to the huge community support and the support from tech mogul Elon Musk. With them, DOGE’s price skyrocketed by over 25433.27% since its inception.
Following the enormous success of Dogecoin (DOGE), a wave of similar projects emerged, like Shiba Inu ($SHIB) for example.
Which is why we believe that the best way to weather out the current downturn is with doge-themed meme coins.
However, DOGE and SHIB’s market cap might be too high for any profits bigger than 2X.
For those of you looking for 10-100X potential, we found a couple of dog-themed meme coin presales that could dethrone the current leaders in the long run.
Let’s check them out.
Dogeverse ($DOGEVERSE) – DOGE-Themed Presale Raises $15 Million Despite the Market Downturn
Dogeverse is a new meme coin replicating the hype that Dogecoin created in its first days.
Dogeverse’s mission is ambitious – to bring the crypto meme community together and lead the way in multichain utility development.
From its inception during the presale, Dogeverse has garnered significant attention within the meme coin industry.
Launched at an attractive pricing point, this project has attracted a growing following, and interest is expected to surge in the coming months.
Dogeverse’s introduction of multichain capability marks a pivotal moment in its development, opening new frontiers for its expanding user base.
By leveraging Wormhole and Portal Bridge technologies, Dogeverse transcends the limitations of a single blockchain, empowering users to seamlessly navigate across chains with unparalleled speed and convenience.
The project’s strategic decision to firstly launch on Ethereum provides a good foundation for its multichain growth plan.
Ethereum’s extensive adoption and strong security features make it an ideal platform for Dogeverse to embark on its multiverse blockchain journey.
By leveraging Ethereum’s well-established infrastructure, Dogeverse ensures a smooth transition for its community of token holders, enabling them to explore the multichain environment with confidence and ease.
As Dogeverse continues to break new ground in the meme coin realm, its presale success speaks volumes about its potential.
With over $15 million raised in just a few weeks, the presale is set to end much sooner than expected.
Wiener AI ($WAI) – Another Promising Sausage/Doge-Themed Project with Strong Community Support
Wiener AI, a new entrant in the meme coin market, launched its presale on April 25th and quickly raised over $1.5 million, showcasing significant investor interest.
This project merges artificial intelligence with a canine theme, infused with a sense of humor, aiming for a strong community bond and effective market presence.
The native token of WienerAI, $WAI, is an ERC20 token operating on the reliable Ethereum blockchain.
The total supply of $WAI tokens is set at 69 billion. The distribution includes 30% for the presale, 20% for staking rewards, another 20% for community incentives, 10% for liquidity on decentralized and centralized exchanges, and the remaining 20% for marketing purposes.
Staking is a key feature of WienerAI, with over 1 billion $WAI tokens already staked, demonstrating robust early engagement.
The project offers an impressive annual percentage yield (APY) of over 607%, encouraging long-term investment and active participation within the community.
Additionally, WienerAI has incorporated a trading bot feature, enhancing the trading capabilities for its users.
The project’s overarching vision is to blend the worlds of AI and canine loyalty, aiming to create a harmonious and forward-thinking ecosystem.
In terms of security, WienerAI has undergone an audit by Coinsult, a reputable blockchain security firm, to ensure transparency and reduce investment risks.
Wiener Ai’s high APYs, funny dog branding, strong community, and transparent audits, are the main reasons why we think that it will easily do a 100x once it launches on its first DEXs and CEX.
Conclusion
As dog-themed meme coins continue to gain traction, the consistent success of Dogecoin and Shiba Inu comes as no surprise.
However, if you’re seeking opportunities for substantial returns in the near future, analysts recommend considering Dogeverse and Wiener AI.
Dogeverse and Wiener AI have garnered significant attention from cryptocurrency enthusiasts, boasting attractive tokenomics and immense growth potential, positioning them as breakout stars in the market.
Analysts suggest that investors should seize the opportunity to invest in these projects while their presale prices remain low.
Missing out now could mean missing out on the next SHIB or DOGE.
