7 Meme Coins Worth Buying as Cryptocurrency Market Soars
It's been an outstanding week for cryptocurrency investors, with Bitcoin (BTC) surpassing $60,000 and aiming for its all-time high. The positive trend surrounding Bitcoin has spilled over into the meme coin market, where most tokens have seen significant price increases.
This article discusses the top 7 meme coins to invest in during the current bullish phase—all potentially offering higher profits if the current cycle continues.
- Scotty the AI (SCOTTY)
Leading the list of the most promising meme coins is Scotty the AI (SCOTTY).
Scotty the AI is an Ethereum-based project that combines AI elements with humorous meme coins. Moreover, the project allows token holders to generate passive income.
This passive income comes from staking rewards, currently at 122% annually.
In addition to staking rewards, Scotty the AI will introduce two tools, ScottyChat and Scotty Swap. These tools use AI technology to optimize cryptocurrency trading operations. With the project audited by Coinsult, Scotty the AI boasts a credibility level that most new meme coins lack. The project raised over $1 million in its presale. Early investors can purchase SCOTTY tokens at a discounted price of only $0.0060.
You can buy Scotty the AI here.
- Smog (SMOG)
Next up is Smog (SMOG), a dragon-themed meme coin hosted on Solana. Smog debuted on Jupiter DEX earlier this month through a fair launch and immediately gained value. From February 7 to 10, SMOG prices surged over 3,900%—with over 30,000 wallets holding the token.
Although SMOG prices have decreased since then, the token appears poised for another price increase, rising 18% in the last day.
Investors are excited about the ongoing airdrop campaign by SMOG, distributing tokens to large owners of other meme coins like Bonk (BONK) and Samoyedcoin (SAMO).
Benefiting from a rapidly growing online community, SMOG is another meme coin likely to capitalize on the rising market.
You can buy Smog here.
- Sponge V2 (SPONGEV2)
Sponge V2 (SPONGEV2) is the highly popular second version of the SPONGE token, which saw explosive growth in May 2023.
SPONGEV2 has migrated to the Polygon network earlier this month in a move enthusiastically welcomed by the meme coin community.
Almost immediately, the token's value began to skyrocket—rising 162% from its initial price.
Currently, SPONGEV2 has over 50,000 holders, resulting in a market capitalization of $58 million.
In the future, the project's development team is preparing to launch a play-to-earn (P2E) racing game sometime this year, providing reason for investors to buy and hold SPONGEV2 long-term. Coupled with the high staking rewards offered, it's clear why many believe the token could be gearing up for significant price increases.
You can buy SPONGEV2 here.
- Frog Wif Hat (FWIF)
Frog Wif Hat (FWIF) is an original and unique meme coin stored on Ethereum, set to transition to the Solana blockchain in Phase 2 of its development roadmap.
As its name suggests, Frog Wif Hat leverages the excitement surrounding the Dogwifhat (WIF) meme coin, which has achieved significant success over the past two months.
With its humorous frog mascot holding a baguette, FWIF has begun to garner attention on Twitter and Telegram.
All 1 billion FWIF tokens have been circulated, and liquidity is locked on Uniswap DEX, preventing a potentially devastating rug pull and providing reassurance to investors looking for long-term investments.
With the transition to Solana forthcoming, FWIF is another meme coin that investors may want to keep an eye on.
You can buy Frog Wif Hat here.
- Floki (FLOKI)
Another notable meme coin to consider is Floki (FLOKI), which has seen a 65% increase in price over the past week. FLOKI is currently one of the most traded meme coins globally, with a 24-hour trading volume of $307 million.
The main reason for this renewed interest is DWF Labs' announcement of a $10 million investment plan into the FLOKI token.
Cryptocurrency investors view this positively, especially since DWF Labs previously invested $5 million in May 2023.
This support has propelled FLOKI back into the spotlight, making it another meme coin benefiting from the current market trend.
- Coq Inu (COQ)
Coq Inu (COQ) is a low-cap meme coin hosted on the Avalanche blockchain.
The primary reason for the excitement surrounding COQ is that it was the first meme coin to make a mark on Avalanche.
COQ reached its all-time high of $0.0000042 on December 20, equivalent to a peak market capitalization of $262 million.
Despite a subsequent price decline, the token continues to benefit from a growing community of supporters across various media platforms.
With enthusiasm building for meme coins beyond Ethereum, COQ is poised to resume its upward trajectory if buying demand picks up again.
- Pepe (PEPE)
The last entry on the list of the most promising meme coins during the cryptocurrency bull run is Pepe (PEPE).
PEPE recently attracted attention after Binance launched a major advertising campaign for its Simple Earn protocol.
This campaign has led to a massive surge in demand for PEPE—temporarily making it the most traded meme coin in the world.
Increased buying demand also translates into price appreciation, propelling PEPE to its highest value since May 2023.
With its current all-time high within reach, PEPE presents an opportunity for those looking to capitalize on the current cryptocurrency market surge.
*Disclaimer: This is a sponsored article. Therefore, the content is not investment advice and does not belong to Gamefinity.
