The memecoin season has been nothing short of spectacular, with top memecoin projects such as PEPE and TURBO surging by over 20x – providing outstanding returns for those that managed to buy early.
However, despite the handsome returns from projects like PEPE, it seems that some of the shine might be slipping away from them. In PEPE’s case, the project already managed to reach $1 billion in market capitalization, meaning most of the gains available for current buyers today have already passed. To illustrate, if we assume we buy PEPE at the current price, the market cap for PEPE would have to surge by over $600 million just to provide a 2x return – which provides a very tough risk:reward ratio for traders.
Furthermore, the token has been consistently declining this past few weeks and is down almost 20% over the past fortnight;
As a result, most analysts believe it’s far too late to buy PEPE if you’re looking for significant returns. Fortunately, we’ve highlighted three more projects that all have the potential to produce returns similar to PEPE with much lower market caps.
Wall Street Memes – Already On Elon’s Radar
Wall Street Memes is one of the hottest trending memecoin projects today, raising almost $1 million dollars in its fundraising in just four days. Wall Street Memes was born from the GameStop fiasco of 20221, where the little guy challenged the giants on Wall Street and sent some of the decades-old institutions crumbling down.
The project represents the internet’s triumph over capitalism as the retail traders banded together to bring down the big guys. Wall Street Memes is now tokenizing the entire memecoin movement through its token, WSM, allowing people to engage in the speculation with a sprinkle of humor on top. This is exactly the same thing that happens on Wall Street; the only difference is that the speculation on the internet has more of a community feel to it.
WSM embodies the elements that cause meme coins to surge – HYPE and FOMO. The project has already created hype after attracting almost $1 million worth of investment in a few days. The FOMO will come later when traders realize that fading WSM early was a really bad idea. The FOMO will also be driven by the fact that Wall Street Memes has a huge community, with over 1 million followers across several social media platforms. The project is connected to Wall Street Bulls, an NFT collection of 420 NFTs that sold out in 2021 in a matter of minutes. The collection has seen 1,800 ETH in trading volume – worth around $3.3 million at today’s low Ethereum prices.
Wall Street Memes provides a fusion of internet culture, meme-based humor, and financial incentives. The entire idea behind the project is to make satire out of the traditional financial system while providing opportunities for individuals to participate in crypto investments.
Introducing $WSM – yep, we’ve gone and done it.
The community token that’s flipping the Wall Street Memes game upside down! 🐂
Let’s make some serious waves together,… pic.twitter.com/fH2TMGmglZ
— Wall Street Memes (@wallstmemes) May 27, 2023
The project is currently hosting a presale for WSM, the native token behind the project. The fundraising managed to attract over $100,000 in its first few minutes and is quickly approaching the $1 million milestone.
Although the token has no intrinsic utility, which is the same as PEPE, the huge hype generated by the community and the speculation driven by FOMO are expected to cause it to explode once the token launches. Furthermore, as the project has a huge community, many analysts believe that it pretty much guarantees a major tier-1 exchange listing in the future – with Binance being the number one candidate. As a result, WSM is definitely a project that can provide 100x returns for early-stage investors.
AiDoge – Combining Memes With AI to Produce Meme-to-Earn
The next project to purchase instead of PEPE is AiDoge, a revolutionary Ai-powered meme generation platform. The project describes itself as the greatest meme-generation platform of all time and is the first cryptocurrency project to use artificial intelligence for the sole purpose of generating fun and timely memes.
AiDoge is on a mission to merge meme culture with AI to create a groundbreaking ai-meme rewards platform. First, users come to the platform to generate memes. Then, if their memes spread across the internet, they’re rewarded with the native token – creating a meme-to-earn economy that provides incentives for continued engagement.
By combining two of the hottest trends on the internet, memes, and AI, AiDoge is able to leverage both hype trains for its project and position itself at the forefront of the generative ai industry, which is expected to reach $51 billion by 2028.
The platform provides a user-friendly interface where memes are generated through text-based prompts. These text-based prompts are short descriptions written by the user to tell the AI what type of meme they would like to see. Then, the AI will use the description to create a meme-worthy of sharing across social media in seconds.
Once a meme is generated, it’s sent to the Public Wall to be upvoted by users. Memes that are upvoted to the top of the Public Wall each month are rewarded with $Ai tokens, the native token behind the project. As a result, users are incentivized to use the AI to its fullest potential and think outside the box when creating memes.
The presale is still currently active, selling the token at a price of $0.0000336. Analysts expect significant returns from this project as they believe it will explode once it starts to be listed on tier-1 exchanges.
Furthermore, it’s important to stress that the $Ai token has intrinsic utility. This is because users that want to use the platform to generate memes must purchase credits using the token to gain access. As a result, the native token will continue to have value as the platform gains adoption.
yPredict – Use AI to Become a Consistently Profitable Trader
The final project worth buying instead of PEPE, with the potential to provide over 100x returns, is YPRED, the native token behind yPredict.
yPredict is a next-generation Ai-based trading research and analysis platform that provides traders with data-driven insights to allow them to make better trading decisions. As a result, traders are likely to become consistently profitable traders if they follow the signals and analysis generated from the platform.
The ecosystem is composed of AI/ML experts, financial quants, and traders who have grouped together to produce cutting-edge trading research tools for the community. In addition, the platform provides free-to-use analysis to generate inbound traffic and in-depth analysis for YPRED holders.
The market prediction section is fee-to-use and provides asset predictions generated through in-house developed predictive models. In addition, the token holders are given free access to the yPredict Analytics section, which provides them with an edge in the financial market through AI-powered alerts that can highlight pattern breakouts, sentiment analysis, indicator analysis, and transaction analysis.
The yPredict Marketplace is perhaps the most important aspect of the entire ecosystem. This section allows developers to list their own model predictions as a results-as-a-service subscription model. Users will have to subscribe to these high-performing models with the native token, YPRED, providing it with serious utility. From the revenue generated, 70% goes to the developer, with the other 30% re-injected into the ecosystem.
The presale for YPRED is already generating significant traction, raising $1.8 million in a few weeks. The current stage is selling the token at a price of $0.09. However, the rising pricing strategy will see it increasing to $0.1 once the fundraising crosses $3 million. Therefore, it’s best to invest earlier to leave the presale with higher levels of unrealized gains.