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With crypto crashing, the three top meme coins are trading at discount price levels, offering a cheap entry point to buy and hold. New meme tokens can also potentially have even higher upside potential.
The recent wave of bearish pressure that has swept through the cryptocurrency market over the past few days appears to have left its mark on numerous tokens. However, amidst these fluctuations, a compelling opportunity emerges for investors seeking to enter the market at its most affordable juncture.
This period presents an optimal moment for those with a strategic outlook to acquire cryptocurrencies at discounted prices, positioning themselves to capitalize on the potential upswing of the impending bull run.
Wall Street Memes (WSM)
Gaining significant recognition, Wall St Bulls, a notable NFT collection within Ethereum’s ecosystem, recently introduced their distinct cryptocurrency, Wall Street Memes (WSM) coin. Building on the success of their rapid 2021 NFT sellout—accomplished within just thirty minutes—the team has closely monitored ongoing crypto trends.
Wall Street Memes has risen to prominence, positioning itself as a contender among the leading meme coins of the present day. This project presents an intriguing fusion of blockchain technology and community-driven initiatives, fostering a sense of promise.
The extensive online presence, evident in its sizable following of one million across diverse social media platforms, showcases not only fundamental attention directed towards the project but also a robust backing from the community. Such substantial support often translates into sustained presence within the dynamic crypto landscape.
Notably, the engagement of prominent figures like Elon Musk adds an extra layer of appeal to the project in the market’s eyes. In a span of merely twelve weeks, the Wall Street Memes presale has already garnered an impressive $26 million, with the present selling price of $WSM standing at 0.0337.
The Wall Street Memes endeavor has also revealed plans for an upcoming staking program, alongside approved listings on several tier one exchanges, scheduled for September 27th. This heightened utility within the project anticipates additional incentives for investors, currently teased by the team and awaiting official announcement.
Among the existing benefits for investors, the project’s $50k airdrop stands out, with rewards distributed among five presale participants who also follow the project’s various social media channels. The market capitalization of $WSM is reinforced by well-structured tokenomics, ensuring a supply cap of 2 billion tokens.
A deliberate distribution approach allocates 50% to presale, 30% to community rewards, and 20% to exchange liquidity, demonstrating an intentional endeavor to maintain market balance. If you’re interested in joining the Wall Street Memes presale, refer to our guide on how to buy $WSM token here.
Furthermore, like other crypto memes, $WSM places significant emphasis on community involvement. In addition to cultivating loyalty, these strategic initiatives effectively enhance awareness of the coin’s benefits.
Dogecoin (DOGE)
Once again, an unexpected shift has occurred in the price of Dogecoin (DOGE), attributed to a tweet from the renowned Tesla CEO and the owner of X (formerly Twitter), Elon Musk. This recurring phenomenon involves any tweet from Musk that hints at or mentions Dogecoin, which invariably triggers a flurry of activity from DOGE enthusiasts.
Regardless of the subtlety or directness of the tweet’s content, the result remains consistent: a surge in DOGE’s price. The catalyst for the recent spike in DOGE’s value was a simple tweet by Musk, featuring an animated logo of the “X” logo.
This animation, crafted by the prominent DOGE influencer @DogeDesigner, was shared without commentary, with Musk solely tagging DogeDesigner as its creator.
— Elon Musk (@elonmusk) August 23, 2023
Despite Musk’s latest tweet, DOGE’s prices experienced only modest shifts. The coin has endured a somewhat challenging period, witnessing a 14.30% decrease in value over the past 30 days and a 7.17% drop in the last seven days. After touching $0.081 in late July, DOGE’s current trading price rests at $0.064.
This is accompanied by a 24-hour trading volume of $3.53 billion and a market cap of $9.04 billion, with a recent 3.55% increase in price within the last 24 hours. Notably, DOGE’s current price still lingers at 91.39% below its historical peak of $0.737, a milestone achieved two years ago.
Following Elon Musk’s post on X, the DOGE price experienced an upward surge, although it appears to lack the necessary momentum to breach the bearish rectangle pattern. Technical analysis projects a potential 0.39% decrease, setting a target of $0.063 by August 28, 2023.
A more detailed assessment of the daily Relative Strength Index (RSI) indicates DOGE’s position just below the neutral zone, characterized by a reading of 32.83. The responsibility now rests with DOGE enthusiasts to sustain the momentum and uphold the price above the $0.062 mark.
Should this goal be achieved, the potential for DOGE to rally towards the $0.670 mark remains. To buy DOGE we recommend eToro, a safe regulated crypto exchange.
For the complete list of the top meme coins to consider during the crypto market downturn, please refer to the video provided above. For additional crypto-related content, kindly subscribe to his YouTube channel.
Jacob Crypto Bury also manages a Discord community boasting 15,000 members, offering valuable trading insights and updates on forthcoming crypto presales.
Sonik Coin (SONIK)
Another meme cryptocurrency to keep an eye on is Sonik Coin (SONIK), which is currently in its presale phase and has gathered over $300k at a rate of $0.000014 per token. Despite being in the early stages of presale, this token has gained notable traction within meme coin communities.
Themed around the renowned animated character Sonic the Hedgehog, Sonik Coin presents itself as a potential catalyst for the upcoming surge in meme coin interest. Although it lacks direct affiliation with the original brand, the meme coin leverages the character’s worldwide popularity.
What sets Sonik Coin apart as a cryptocurrency is its stake-to-earn functionality. This mechanism encourages investors to lock their tokens, effectively removing them from circulation and contributing to price stability. This feature, enhancing its long-term reliability, offers consistent passive income to token holders.
countdown is on ⏰
Dafuk you waiting for? join now!
👉https://t.co/NkNhQrYwbS pic.twitter.com/LDD3Jtbs7H— SONIK COIN (@Sonikcoin) August 22, 2023
The four-year timeline for $SONIK’s stake-to-earn system is notably interesting, particularly for early investors who stand to secure a substantial portion of the reward distribution, with 40% of the supply allocated to stakers.
This strategic initiative aligns with SONIK’s ambition to swiftly reach a $100 million market cap, aiming to become one of the fastest crypto projects to achieve this milestone. Sonik Coin’s rapid traction within the market can be attributed to its distinctive theme and the alluring stake-to-earn attribute.
Supported by one of the market’s more attractive potential yields, the likelihood of Sonik Coin achieving the coveted $100 million market cap in the near future is strengthened. Take part in the $SONIK presale at sonikcoin.com.
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