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Meme coins are trending again. Amid a crowd of tokens that bear odd resemblance to each other, it is difficult to find one that’s worth investing in.
Here are three trending cryptocurrencies that have the potential to secure the third position on the meme coin chart this year, next to Dogecoin and Shiba Inu.
1. BONK – How Long Will the Solana-Based Meme Coin’s Return Run Last?
On top of our list is $BONK, the Solana-based meme coin that has won the hearts of speculative investors again. $BONK’s performance last month, setting a new all-time high, came across as a pleasant surprise to the community.
$BONK 1-month price action, CoinMarketCap
Although the price has dipped around 60% since then, investors are optimistic that more bull runs are on the horizon. One of the key highlights that have worked in favor of the project is its affiliation with the Solana ecosystem. The possibility for integration across various Solana platforms gives $BONK a strong competitive edge.
The current recovery run is expected to come to a halt in a month. But the token’s adoption in the Solana ecosystem has the potential to cement its position as a top 5 meme coin. Even as the ongoing FOMO dies down, $BONK has room for growth, anchored by possible use cases.
Another strong point for $BONK is its community, which has a strong presence across all social media platforms. The viral aspect of the meme coin, as a result, will continue to cater to investors with a high risk-reward appetite.
2. Meme Kombat – Where Meme Coins Battle it Out
Meme Kombat ($MK) is one of the top meme coin projects posing a threat to BONK’s dominance this month. It is unlikely that BONK will continue to hold tight to its third position on the meme coin chart once Meme Kombat makes its debut on crypto exchanges.
The presale of Meme Kombat is about to cross the $7M milestone at the time of writing.
The project’s key value proposition is in GambleFi, a sector known for giving 5000%+ returns to investors last year with Rollbit Coin.
While GambleFi is fertile for growth and expansion, its underlying problem is its lack of diversity. The industry needs to explore beyond casinos, sports betting, and crash games. It has more avenues for growth.
This is exactly what Meme Kombat makes possible with its AI-powered battle arena, where meme coin icons compete for dominance. The battles, being powered by artificial intelligence, are not prone to manipulations or fraud. Furthermore, the blockchain basis of the project gives it a transparent foundation.
What’s the relevance of Meme Kombat?
To understand that, we just need to look at the ongoing battle among meme coin communities that rage across social media platforms. Meme coin communities are known for their fervor. These speculative investors are behind the viral potential of meme coins.
Imagine channeling that to a new platform.
That’s what Meme Kombat is all about. With the launch of Meme Kombat Season 1, these social media wars will find a new platform. To further fuel engagement, users can bet on the outcomes of the battles in exchange for attractive rewards in $MK tokens.
The initial exchange listing of $MK tokens will be soon followed by Meme Kombat Season 1. And that will be followed by Meme Kombat Season 2, and so on. In other words, the platform will continue to stir engagement in the community even after the initial momentum driven by FOMO subsides.
We go big on community and @BuryCrypto recognizes that🎉
Check out his video on $MK being one of the best crypto presales to engage with right now! pic.twitter.com/DGIedfOdBz
— Meme Kombat (@Meme_Kombat) January 16, 2024
The utility aspect deep-rooted in GambleFi makes Meme Kombat one of the most potent meme coins of 2024. It is now available for purchase at discounted prices in the ongoing presale, where investors can begin to earn staking rewards.
BUY $MEME KOMBAT FOR THE PRESALE PRICE
3. SPONGEV2 – Can the GameFi Token Repeat History?
$SPONGE has been giving attractive returns to investors this month. It has climbed more than 100% over the last thirty days.
SPONGE 1-month price action, CoinMarketCap
What’s behind the surge?
SPONGE is moving on to SPONGEV2, marking a new stage in the evolution of the project. As part of this, the ecosystem will be launching a play-to-earn platform. More details of the game and gaming mechanics have yet to be announced.
Ahead of that, SPONGE investors can bridge their tokens to V2 for a compelling bonus. So far, SPONGE tokens worth $4,460,411 have been staked, which has led the SPONGE price to skyrocket.
This is not the first time SPONGE has made crypto headlines. During its launch last year, the token climbed close to 100X, garnering widespread attention from the market.
The fundamental analysis of the project reveals that SPONGEV2 is positioned for a similar surge on its launch. But it has the potential to be a bigger phenomenon, if the gaming ecosystem meets the expectations.
If you don’t have any $SPONGE tokens in your wallet, you can buy and stake $SPONGE from the official website to receive an equivalent amount of V2 tokens. Staking participants will also be eligible for additional tokens before the claim date.
