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Altcoin Daily, a prominent crypto YouTube channel, identifies nine top meme coins worth watching following the return of financial advisor Roaring Kitty.
The meme coin market has reacted to the return of Keith Gill, also known as Roaring Kitty, the financial advisor whose tweets have historically sparked significant market movements. This time, his re-emergence triggered a massive rally in GameStop stock, and this uptrend spilled into the broader meme coin market.
Notably, crypto assets with similar meme sensations also recorded rapid spikes. Amid the ruckus, Altcoin Daily has presented a list of nine top meme coins to watch out for, especially as the bull market matures. Here’s a brief look at each of these digital assets:
9 Top Meme Coins to Watch Since “Roaring Kitty” has Returned to his Desk
1) ORDI – Bitcoin Ecosystem
2) GME – Solana Ecosystem
3) SHIB – Ethereum Ecosystem
4) DOGE – The OG
5) SNEK – The Cardano Ecosystem
6) COQ – Avalanche Ecosystem
7) FOXY – Linea Ecosystem (ETH L2)
8) BRETT -…— Altcoin Daily (@AltcoinDailyio) May 14, 2024
ORDI and GME
ORDI is part of the Bitcoin ecosystem, and has gained traction due to its association with the Ordinals Protocol. It showcases new functionalities for assets on Bitcoin and has seen a significant rise in market capitalization. ORDI currently trades for $37 with a market cap of $778 million amid a 1.47% drop in 24 hours.
A tribute to the GameStop stock saga, GME is a meme coin on the Solana network. It saw a meteoric rise in value following Roaring Kitty’s posts on Monday, surging by over 3,900%, as reported by The Crypto Basic. GME now trades for $0.1676, still up 3,783% since Monday.
SHIB and DOGE
Shiba Inu was earlier touted as the Dogecoin killer due to its potential to displace DOGE as the dominant meme coin. It has become a global sensation, accepted at numerous places directly or via third-parties. Its ecosystem includes other tokens like BONE and LEASH, adding to its appeal.
SHIB currently changes hands at $0.00002394, trading as the 11th largest crypto asset. Due to its penchant for growth, market analysts have projected multiple lofty targets for the current cycle, including $0.00008845 and even $0.0001.
Dogecoin is the original meme coin and remains a significant player in the crypto space. Despite its creation as a joke, it has found real-world utility and a passionate community. DOGE currently trades for $0.1501, with predictions putting its price at $1.
SNEK and COQ
SNEK is a deflationary meme coin on Cardano that has easily become a cultural icon in the ecosystem. It recently became the most traded token on Cardano, a testament of growing interest. SNEK now changes hands at $0.0009803, with a 600% increase over the last year and room for more growth.
Meanwhile, COQ resides within the Avalanche ecosystem as chicken-themed token. It has witnessed explosive growth and profitability for early investors. COQ’s all-time ROI stands at 443%, representing an uptrend since launch. With its price currently at $0.000002331, market watchers expect it to record more substantial growth this bull run.
FOXY, BRETT and DED
As the first “culture coin” on Linea, an Ethereum layer-2 network, FOXY looks to bolster the emergence of culture within the ecosystem. It serves as a community hub and a memecoin, drawing attention to the growing Linea platform. FOXY trades for $0.01246 at press time, currently down 15% since last month.
BRETT is part of the Base ecosystem, a meme coin that has captured the interest of investors with its market cap and trading volume. It represents the digital culture of the Base chain and its expanding ecosystem. BRETT’s market cap soared past $700 million in March before facing a drop as its price declined to the current value of $0.03091.
DED is a meme coin that has ignited buzz in the Polkadot ecosystem. It has rallied a robust community around Polkadot, promising a renaissance for the network. DED is tradeable on Hydradex and Polkadex, with a current price of $0.0004 as of press time.