2024-04-14 09:14:05 ET
There’s excitement brewing among investors as they keep a close eye on the performance of meme coins. When these lighthearted digital assets start turning green, it’s often a sign that a new “meme coin season” could be on the horizon.
This week, the top meme coin, Dogecoin (DOGE), has seen a 15% surge, outperforming other prominent meme coins like Shiba Inu (SHIB), WIF, and Pepe (PEPE), all of which have also been trading in the green.
PEPE is the only one in the “double-digits” area besides DOGE though.
The resurgence of these meme coins has piqued the interest of investors, who are eager to see whether this could be the start of a new chapter in the meme coin market.
What is everyone buying tonight?! #MEMECOINS ONLY.
— Rodney (@cryptojourneyrs) April 12, 2024
New meme coin season on the horizon?
Dogecoin’s recent price movement is particularly noteworthy, as the token is now testing the crucial $0.2 resistance level.
A successful break above this mark could pave the way for a move towards the $0.25-$0.3 range, which would be a new price milestone this year for the meme coin king.
Source: CoinMarketCap/memes
The anticipation surrounding Dogecoin’s performance is largely fueled by the upcoming Doge Day on April 20th, a date that has historically been significant for the Dogecoin community, as they strive to push the token’s price to $0.42.
While the $0.42 target may seem ambitious, given the current market conditions, the $0.25-$0.3 range appears to be a more realistic and achievable goal for Dogecoin in the near future.
Interestingly, another meme coin, Pepe (PEPE), has also been performing nicely in price, with a 10% increase. This surge is largely attributed to the news that Coinbase International has announced the listing of PEPE perpetual futures on April 18th.
Coinbase International has announced the listing of $PEPE perpetual futures on April 18 ¿¿
— Sir Kunt • Crypto & NFT (@SirKunt) April 12, 2024
The listing of meme coins on major exchanges, such as Coinbase, for perpetual futures trading is an important thing, as it showcases the growing interest and mainstream adoption of these assets.
The upward movement in other meme coins, such as Shiba Inu, WIF, and Floki, though more modest at 2-5%, further suggests that the meme coin sector is regaining some momentum.
This resurgence has undoubtedly piqued the interest of investors, who want to see whether this could be the start of a new meme coin season.
We’ll now analyze some low-cap early stage tokens that potentially shouldn’t be overlooked in the upcoming weeks and months.
NuggetRush: New meme coin with P2E utility
NuggetRush (NUGX) is a meme coin that combines gaming and supporting artisanal miners in underdeveloped areas.
It is a community-driven blockchain play-to-earn (P2E) game committed to nurturing a massive community of players and investors.
NuggetRush offers tangible benefits, particularly to underprivileged nations, by enabling players to earn while playing and assisting artisanal miners in less developed regions.
The platform is built on the Ethereum blockchain, making it secure, transparent, and accessible to players worldwide.
NuggetRush’s gameplay empowers users to oversee and direct their mining operations, with players getting a modest land plot and vital tools such as geophysical surveys, soil sampling, and traditional prospecting techniques.
Gamers utilize this equipment to look for virtual landscapes with high mineral potential, and in such promising locations, they can operate machinery, create tunnels, and do excavations.
NuggetRush’s gaming mechanics boost collaborations since gamers can partner with other players and join guilds to increase their chances of success.
The platform’s GameFi integration makes it easy to change in-game rewards into real-world assets, and NUGX token holders earn rewards through different methods, including quests, ranked play, battles, tournaments, and additional avenues.
NuggetRush (NUGX) concluded its crypto presale and is now preparing for DEX listings.
InQubeta: Bridging the gap between meme coins and AI
InQubeta (QUBE) is a crypto crowdfunding NFT platform that allows users to invest in AI start-up projects using QUBE tokens.
The platform enables fractional investments through its governing token, QUBE, thereby bridging the gap between crypto investors and the world of AI using blockchain technology.
InQubeta is the first platform for crowdfunding that raises capital for AI startups through fractional investment, allowing investors to invest in a pocket-friendly manner and enjoy the benefits of being early adopters.
The InQubeta platform uses the governing token, QUBE, to enable fractional investment. It creates an ecosystem that cohabits both crypto investors and the world of AI by using blockchain technology and smart contracts.
The platform’s NFT marketplace enables AI startups to raise capital and offer rewards with the platform’s equity-based NFTs. Investors can mint each investment opportunity into NFTs that will be fractionalized, allowing them to invest in a pocket-friendly manner and enjoy the benefits of being early adopters.
InQubeta (QUBE) is in the final stage of its crypto presale with $13.4 million raised so far.
Galaxy Fox: web3 gaming meet memes
Galaxy Fox (GFOX) is a blockchain gaming network that combines the fun and excitement of meme coins with the utility of blockchain technology.
It is a hybrid protocol that rewards early investors who participate in its web3 runner game, allowing them to earn GFOX tokens and other NFT in-game benefits for reaching milestones.
GFOX operates with a total supply of 5 billion tokens, strategically allocated for liquidity, ecosystem development, and rewards. The project employs a token burning strategy to reduce the circulating supply over time, which could potentially support token prices in the long run.
Beyond gaming, Galaxy Fox incorporates a staking system that levies a 6% fee on all transactions, with 2% allocated to stakers. This mechanism incentivizes active participation and rewards those who contribute to the project’s long-term success.
Galaxy Fox (GFOX) concluded its presale and raised $6 million, and is now preparing for DEX listings.
Borroe Finance: Bringing AI into the DeFi ecosystem
Borroe Finance (ROE) provides efficient access to working capital through secure loans. It aims to address the limitations of traditional revenue financing by utilizing blockchain technology and AI services.
Borroe Finance democratizes fundraising by offering a Polygon-powered decentralized marketplace where users can customize their fundraising requests.
The process involves registering, receiving a minted NFT representing future income and the loan agreement, selling the NFT on Borroe’s marketplace, and automatic loan repayment.
This approach streamlines the fundraising process, enabling businesses and content creators to access instant cash flow.
Borroe Finance offers an AI-powered funding marketplace where users can sell future earnings from sources like subscriptions, royalties, and invoices by minting NFTs representing their future income and outstanding invoices.
The platform features a 3% buy/sell tax, a capped total supply of 1 billion $ROE tokens, special discounts, priority alerts, voting rights, and rewards for token holders.
Borroe Finance (ROE) is currently in the final stage of its presale, having raised $3.6 million so far.
Conclusion
The potential resurgence of meme coins has sparked renewed interest among investors, but it’s the emergence of early-stage projects like NuggetRush, InQubeta, Galaxy Fox, and Borroe Finance that potentially offer opportunities as we approach the DOGE day and upcoming Bitcoin halving later this month.
These platforms are exploring the intersection of meme coins with various emerging technologies, from play-to-earn gaming to artificial intelligence and decentralized finance.
While the future remains uncertain, as always in crypto, the growing attention and experimentation within the meme coin space suggest that this segment of the crypto market may have more to offer than meets the eye.
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