Meme coins are making a resurgence, with Solana-based Bonk heading the pack recently, jumping 1,800% this year after securing Coinbase and Binance listings.
However, Bonk is one of many upcoming meme coins showing notable potential. We have picked five others that could be the next to 10x, like Bonk, Shiba Inu, or Dogecoin.
SpongeV2
Our top pick as the next meme coin to 10x is the newly launched Sponge V2. The project is a new iteration of the highly successful Sponge meme coin and can only be attained by buying and staking Sponge V1.
Sponge is a 100x meme coin that launched in the depths of the bear market, but Sponge V2 provides users a second shot at euphoria as we head into a significantly more bullish part of the market cycle.
SpongeV2 features a new P2E utility through a compelling game where users can purchase game credits with $SPONGEV2 to earn even more.
The reason this project looks set for a notable rise is the meteoric success of the original Sponge, which pumped to a $100 million market cap and earned earlier investors 100x returns.
Sponge boasts over 13,000 holders and is listed on over ten centralized exchanges, including LBank, Toobit, CoinW, BTCEX, Poloniex, MEXC, Gate.io, Bitget, BitKan and BitMart.
This illustrates a vast community is already behind the token, allowing SpongeV2 to hit the ground running and explode.
To get SpongeV2, investors must buy SpongeV1 on its website and deposit it in the V2 staking contract. They will earn an equivalent of $SPONGEV2 in return, plus an additional yield depending on the variable APY.
Meme Kombat
Another early-stage project showing immense strength is Meme Kombat. The project is currently undergoing a presale, having raised over $3.7 million in eleven weeks.
It is a unique blend between GambleFi token and meme coin, providing unparalleled access to two of crypto’s most vocal and degen communities.
Meme Kombat hosts an immersive battle arena where trending meme coin characters will take part in AI-generated battles. Users can watch and gamble on these fights using the $MK token. Users can bet in various modes, from direct betting to dynamic events.
This provides significant utility to Meme Kombat while retaining the viral allure that often explodes meme coin prices.
Renowned crypto analyst Mathew Perry is one of those backing Meme Kombat to 10x.
“Anything that’s new also could be interesting because you could get into something that goes from $1 million to $10 million,” said Perry in a recent YouTube video.
Another of Meme Kombat’s exciting features is its staking mechanism, which currently enables users to earn a 239% APY on their tokens. However, this will decrease as more tokens are staked, so potential buyers must hurry.
Snek
According to analyst Gerhard, after Bonk’s infamous run, the next crypto to follow in its footsteps could be Snek.
Like Sponge, Snek launched in May 2023 in the depths of the bear market. After an initial run alongside Pepe and Sponge, Snek cooled off with the rest of the meme coin market. However, it has made a recent resurgence, creating a new all-time high (ATH) after Bonk’s explosion.
It is up 661% in the last month, 123% this week and 18% today.
It is priced at $0.001976, with a $144 million market cap, providing room for more than a 10x catch Bonk’s ATH.
Snek is Cardano’s premium meme coin, and with Cardano seeing notable bullish momentum recently, Gerhard believes it is a matter of time before Snek explodes.
“Are people that made money with Bonk going to switch and buy something less liquid?” Gerhard questioned.
One factor that hints at strong potential is that it has yet to get listings from top-tier one exchanges. If it follows Bonk’s footsteps and secures Coinbase and Binance listings, this would likely skyrocket its price.
Coq Inu
Another top trending meme coin is Coq Inu. It holds a similar narrative to Snek in that it is the premium token of another Solana competitor, Avalanche.
Coq Inu has had one of the strongest weeks of all top meme coins this week, up 54% today and 359% this week. However, unlike Snek, Coq Inu is newly launched, with CoinMarketCap price information only dating to 12 December.
This means it is difficult to predict Coq Inu’s potential, but it could also enable it to rise exponentially in the coming weeks.
The project already has an impressive $138 million market cap, providing room for more than a 10x gains to catch Bonk’s ATH.
It has also seen a notable 64% increase in daily trading volume over the last 24 hours, currently at $40 million. This illustrates notable community interest and massive bullish momentum.
According to its website, Coq Inu is the “THE MEME COIN OF THE CHAD CHAIN” and “is not your average meme coin – it is a way of life.”
Besides that, the website displays surface-level information on the token but nothing else. However, this has not deterred its community and potentially adds to the project’s mystic allure.
rats (Ordinals)
Continuing with the theme of meme coins on different blockchains, rats (Ordinals) is a compelling new project on the Bitcoin Network. It is a BRC-20 token, a new Bitcoin iteration that has recently caused significant controversy.
However, BRC-20 tokens are being embraced by top exchanges, with Binance recently listing multiple of the ecosystem’s tokens.
Rats is the latest trending BRC-20 token, pumping over 300% this month. However, it is down 20% today, presenting a possible buying opportunity with higher upside potential.
It has a market cap of $270 million and a $117 million 24-hour trading volume.
The project is yet to be listed on Binance even though the exchange has listed other BRC-20 cryptos. This presents significant upside potential should it secure a listing.
Yet despite its prominence, little is known about Rats on mainstream platforms like CoinMarketCap. Currently, CoinMarketCap does not offer links to any of Rats’ social media sites or its website and does not offer a description of the project.
Nevertheless, analysts are notably bullish, with Rypto explaining that Rats could become a popular meme coin in China, which presents tremendous upside potential.
Meanwhile, exchanges have started to take note, with LBank recently listing it for futures trading on its platform.
