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Tokens in the Ethereum ecosystem and the GameFi market are experiencing a significant rise in value. This surge in price aligns with the increasing enthusiasm surrounding various meme coin presale projects. It has made investors ponder if we are on the verge of a boom for these meme tokens.
However, amid this surge, numerous new crypto projects are also capitalizing on the bullish market. These tokens are attracting investors’ attention. This article delves into the remarkable presale achievement of PlayDoge while also providing an analysis of three meme tokens currently gaining traction.
Top Meme Coins to Watch Today
Today, Degen, Brett (Based), Cheems, and a handful of meme coins set the pace for the market this week with remarkable price actions. Several upcoming projects, including meme tokens, are also making notable progress as the market rides on the Ether ETF approval wave.
Meanwhile, PlayDoge’s timing allows investors to participate in a potential meme coin rally. It particularly favors investors who missed out on earlier meme coin booms. Early investors can join a wagon that may see the token push to a nearly 500% uptick.
1. Brett (Based) (BRETT)
Brett, the first meme coin on Base Chain, draws inspiration from the legendary character reminiscent of Matt Furie’s comic creation, Boy’s Club. The token benefits from Base Chain’s rapidly expanding ecosystem. Brett’s continuous project launch, innovative applications, and dedicated following position it for success.
Brett’s expanding ecosystem offers resources and expertise to its users. Its team of experts is also dedicated to ensuring that the token continues to grow and diversify its offerings. As Base Chain expands further, Brett’s potential for thriving and expanding its utility only continues to increase.
The BRETT token was launched with a fair distribution, devoid of pre-allocated tokens for the team or insiders. Its immutable smart contract ensures transparency and trust by preventing alterations to its code after deployment. Emphasizing community involvement, the project aims to cultivate a robust and engaged following around the meme.
As a utility token, $BRETT facilitates transactions within the BASE Chain ecosystem. It also serves as a means of tipping creators on a BASE Chain-based social media platform. Moreover, token holders enjoy governance rights within its Decentralized Autonomous Organization (DAO). The project plans to develop a “GambleFi” ecosystem centered around BRETT.
Time to make good on our word!
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Congratulations @Vinayblues1 on the win! DM to claim your $1000! https://t.co/zq218jQ3xz pic.twitter.com/zbZQb1bjjt
— Brett (@BasedBrett) June 20, 2024
Brett has strategically partnered with prominent companies in the crypto space, bolstering its long-term viability and growth prospects. It has partnered with a renowned gaming company to support its proposed GameFi ecosystem. This collaboration aims to integrate gaming elements into Brett’s platform for enhanced user engagement and utility.
Despite a bearish sentiment, the token has experienced a 1.44% price increase in the last 24 hours. It is currently priced at $0.1407 and 169.53% over the previous month. The token’s greed index of 71 (greed) and a perfect 30 green days in the previous 30 days show its potential for increase in the coming days.
2. PlayDoge (PLAY)
In just a few days after its launch, PlayDoge has raised over $4.9 million in its ongoing presale. Following the path of Dogecoin, the $PLAY meme coin is a unique project based on the Shiba Inu dog breed. However, the token differentiates itself from the popular meme coin.
Furthermore, PlayDoge is an innovative mobile-based Play-to-Earn game. However, the project finds a way to adapt and make the DOGE meme more interactive. It transforms the Doge meme into a Tamagotchi-style virtual pet, enabling players to earn $PLAY tokens while playing.
Moreover, the project’s P2E strategy enables players to earn rewards. They are incentivized to take care of pets and take them on adventurous quests. The team has also announced that they will continue to build more projects to expand the token’s utility.
However, unlike the Dogecoin meme coin, DogePlay operates on the BNB Chain. The team strategically built PlaDoge on the BNB Chain to ensure that transactions carried out on the platforms are fast and efficient. It also seamlessly enables the project to integrate its gaming activities into multiple platforms.
Aside from getting rewarded through P2E, token holders can also earn passively by staking their tokens. PlayDoge offers a huge 412% annual percentage yield. Investors can buy $PLAY tokens at $0.00511 today. Also, this price is set to increase in about four days.
3. Degen (DEGEN)
Degen is an innovative project operating on its L3-layer blockchain. It was launched as a reward token for active participants in the Farcaster Degen channel. However, the token has evolved beyond its lighthearted beginnings by expanding its utilities.
Degen’s dedication to community engagement is exemplified by its airdrop strategy. 70% of the total supply is designated for airdrop distribution, benefiting early adopters and active participants. This strategy is notably more transparent than many meme coins with less clear tokenomics.
Moreover, Degen’s primary utility is incentivizing meaningful contributions within online communities. The project does this by rewarding high-quality content creation and participation. This strategy helps to create a space where valuable information and ideas are exchanged, enhancing the online experience for users.
Furthermore, the project streamlines the integration of decentralized applications on several platforms. Recently, Degen launched its Decentralized Autonomous Organization to give its community more control and influence. These advancements position Degen as a notable contender among blockchain-based social networking projects.
The Degen Name Service is now live! You can get your Degen.eth subdomain on our site and show off your Degen flair. Plus, it's easy to set your wallet's default name and avatar. https://t.co/c76l58grLI pic.twitter.com/L0J3NENq4V
— Degen 🎩 (@degentokenbase) June 21, 2024
Recent developments regarding DEGEN have been particularly favorable. The token’s listing on major exchanges such as Bybit. Also, the recent launch of its blockchain, Degen L3, has seen the token remain relevant and drive up its value.
DEGEN is outperforming both the broader cryptocurrency market and the meme coin market. It trades at $0.008856, reflecting a 24-hour increase of 5% before dropping. It has also posted 25 green days in the last 30 and trades above its 200-day SMA.
4. Cheems (CHEEMS)
CHEEMS, a community-driven cryptocurrency operating on the Solana ecosystem, positions itself as a charitable-based cryptocurrency. It harnesses the crypto world’s influence to support various philanthropic causes. The team aims to provide a medium for the global community to shop, game, and interact on Web3.
One of Cheems’ intriguing features is the Cheems Arena, a Free-to-Play and Play-to-Earn Card Game with a trading strategy. Unlike conventional trading card games, players engage in 1v1 battles against each other. The Arena provides users/players with the opportunity to own tangible and tradable in-game assets.
The project’s Cheemsverse platform serves as a dynamic ecosystem where users can engage in gaming, collect NFTs, and acquire Chemm tokens. Additionally, the platform incorporates DAO operations, enabling users to participate in voting on significant community decisions.
Recently, the token drew the interest of Elon Musk, who tweeted about it. This tweet resulted in a subsequent surge in the token price by about 90%. With CHEEMS tokens being tradable on decentralized exchanges like Raydium, Orca, and Jupiter, accessibility to the token is widespread.
$cheems Is going to 1 USD whether you like It or not… meanwhile, do you want your cheemburger with fries? @TheCheemsToken pic.twitter.com/KTt6rQtssG
— SPIDER CHEEMS.SOL (@barmxnezz) June 18, 2024
In its latest announcement, the team unveiled a partnership that created a new game called SexonSol Roulette. This thrilling game allows users to win by predicting where the spinning ball will land. The sex.sol game was remarkable, with wagers exceeding $25,000 in under a week.
CHEEMS trades at $0.001679; despite posting a 0.24% dip in the last 24 hours, the token has increased by 2407.75% over the previous year. This surge outperforms the global cryptocurrency market and similar Solana Ecosystem cryptocurrencies. It has posted 20 green days in the previous 30 days.
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