Dogecoin has lost 17.3% of its value in the last thirty days. The meme coin has been consistently dipping for some time now, raising concerns about its road ahead. DOGE investors are wondering whether there is any point in holding the token in the hope of it hitting $1. Especially since there has been little action from Elon Musk, who is known for triggering DOGE rallies with his harmless tweets.
Can DOGE hit $1?
Judging by the year-to-date performance of Dogecoin, it will be at least a year before DOGE is even close to hitting $1. The meme coin is selling for $0.07868 now. So, it has a long way to go, with nothing except community hype supporting its value. The occasional tweets from Elon Musk are unreliable. It doesn’t provide a solid base for the token. In the best case scenario, DOGE will cross its all-time high of $0.731578 by the end of this year. And to achieve that, the project will have to widen its payment integrations.
One key factor that will be slowing down DOGE’s ascent to $1 is the increasing competition. Emerging cryptocurrencies like SpongeBob token ($SPONGE), AiDoge ($AI), Tamadoge ($TAMA), Love Hate Inu ($LHINU), and Pepe Coin ($PEPE) have diverted attention from Dogecoin and Shiba Inu. Since the high-cap cryptos have less room for growth, meme coin investors are plowing their money into these new meme coins. SpongeBob Token ($SPONGE) and Pepe Coin ($PEPE) went live on DEXs directly without any presales or CEX listings. They have both generated lucrative returns for early investors within hours of going live.
While the Pepe Coin hype is on a decline, $SPONGE is gaining momentum. It went live on 4 May 2023 to a grand reception. Investors who manage to procure the meme coin in the coming days can make up to 100X returns if the hype builds up. Presale tokens like AiDoge, on the other hand, will kindle bull runs in a few weeks. AiDoge presale has raised $1.6M already.
While $SPONGE is a shitcoin with explosive potential, $AI has fun meme-to-earn utility underpinning its value. Both make excellent investments now, although SpongeBob Token is built for investors with a high risk-reward appetite.
$SPONGE Pumps the Latest Meme Coin Hype, Earning 392.72% on the Daily Chart
SpongeBob token is a meme coin that takes inspiration from the TV show SpongeBob Squarepants. The cartoon which ran for 13 seasons from 1999 is the most-watched children’s TV show of all time. But that’s not the only reason that has helped the meme coin amass a large community within hours of going live.
Source: Dextools.io
To begin with, kids who grew up watching the show are now in their late 20s and early 30s. It’s the same age group that has shown the most interest in crypto investment and trading. Another factor is the project’s unique marketing drive. The token went live out of the blue on Uniswap without any presale or marketing campaigns leading up to the listing. The straightforward approach speaks for its credibility and creativity. It has also undergone an extensive smart contract audit, as revealed by DEXtools, ruling out concerns of scams.
We have seen plenty of crypto coins grapple with liquidity challenges during rallies. SpongeBob Token tackles this issue by locking liquidity with Team Finance.
🧽🧽 $SPONGE Quick Links 🧽🧽
Website: https://t.co/htE48i2cer
CoinMarketCap: https://t.co/e0kEyBWwxi…
Chart: https://t.co/7GzOsf7UQJ…
Contract address: 0x25722Cd432d02895d9BE45f5dEB60fc479c8781E pic.twitter.com/Od37X6PKSb
— $SPONGE (@spongeoneth) May 4, 2023
To the community’s pleasant shock, the total market cap of SpongeBob token has grown to $15.21M within hours. The 24-hour trading volume stands at $14.46M. Given that the total supply of the token is capped at 40.40B $SPONGE, there is still plenty of room for growth. Make sure you enter the meme coin action early to book high returns.
AiDoge Presale Opens the Gateway to the Next Big Meme Coin Explosion
AiDoge is a meme coin that blends memes and AI. That’s enough to understand the potential of the project. It combines the two hottest trends of the internet to pump the next big crypto mania. The project is underpinned by an AI-based meme generator that will convert text prompts into quirky and relevant memes within minutes.
With a market relevant utility, AiDoge doesn’t plan on just being a short-lived hype. Instead, it aims to sustain the hype throughout the year using its fun and engaging ecosystem dedicated to memers. While AiDoge may not go 100X on its exchange listing like $SPONGE, it can reach there gradually by the end of the year. This will be accomplished by taking the platform to more users. Its mass appeal lies in its virality.
In addition, AiDoge introduces a meme-to-earn incentivization system that rewards top memers. Winners are selected every month based on the votes their AI-generated memes fetch. It will be an excellent source of side income for seasoned and debut memers.
The token is selling for a discount at the presale now. Judging by the fast progress of the presale, the sell-out is around the corner. So, investors who wish to take advantage of the steep bull run that is in the pipeline should get in early. The presale has smashed past the $1.6M milestone within days of going live.
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