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Many of the best meme coins’ prices are benefiting from the emergence of the “debasement trade.” The debasement trade is when investors seek alternative assets, such as gold or crypto, to hedge against economic instability. Institutional investors and hedge funds might view gold and crypto as gaining from the debasement trend.
Consequently, the meme coins sector grew by over 2% to post a market cap in excess of $60 Billion as of today. This analysis by Insidebitcoins explores the factors behind the growing attention paid to these meme coins. It also examines why they are attracting investors’ interest while offering insights into their market movements and underlying trends.
Best Meme Coins to Invest In Today
Several meme coins are trending today despite their prices being lower than when the week started. These tokens are sure to grow higher as analysts predict Donald Trump’s reelection bid will ensure this upsurge. Insidebitcoins has identified three of the best meme coins, including a groundbreaking presale token to invest in ahead of the US election.
The best meme coins to invest in today include Pawswap, BullBear AI, and ELmoERC. ELmoERC surged by over 10% today as the Crypto All-Stars presale raised a significant $2.4 million in presale today. Meanwhile, BullBear AI gains momentum following a recent breakout. Does this mean AIBB will soon be on the verge of a new ATH? Read on to find out.
1. ElmoERC (ELMO)
ElmoERC combines the excitement of memes with practical uses and a swift deflationary model. As an Ethereum-based meme token, it aims to build a vibrant ecosystem for its community by incorporating several innovative features.
Furthermore, the project utilizes two essential elements in its tokenomics: the burn-and-earn mechanism. ELMO’s circulating supply decreases through sell taxation, with a portion of the tokens burnt whenever a sale occurs. Additionally, ElmoERC’s utility-focused ecosystem ensures consistent token usage, making it a viable long-term investment option for holders.
Moreover, ElmoERC recently launched an NFT platform, adding new features to its ecosystem. Token holders benefit from staking boosts, NFT staking, and a 0% sell tax through the Burn Portal. Furthermore, the project offers a robust staking feature, allowing users to earn additional tokens.
In another development, the ElmoERC team recently completed an on-chain First Person Shooter game. Players compete to climb the leaderboard, earning various in-game rewards. This initiative underscores the team’s commitment to integrating engaging and interactive gaming experiences within the ecosystem.
Meanwhile, the team also revealed plans for a potential partnership with an unnamed lottery platform. This collaboration could introduce a lottery feature within the ElmoERC ecosystem. If successful, this move might trigger another major price surge, potentially exceeding 200%.
Currently, the token is priced at $0.0000000124, reflecting a considerable 10% increase in the past 24 hours. Over the last 30 days, ELMO posted a significant 30.10% price gain. The 14-day Relative Strength Index (RSI) stands at 52.64, indicating a neutral position with potential for sideways trading.
2. PawSwap (PAW)
PAW is a decentralized token built on the Ethereum blockchain. The Pawswap team identified that existing decentralized exchanges (DEXes) have high gas fees, making them costly for users. To address this, they developed Pawswap, which allows users to swap, stake, and earn tokens at reduced costs.
Furthermore, Shytoshi Kusama, the lead developer of PawSwap, brings his expertise from the Shiba Inu project. However, PawSwap remains an independent decentralized exchange with no direct link to the SHIB team. Despite this, the project receives strong support from its loyal community.
Moreover, PAWSWAP integrates several utilities into its ecosystem. Its flagship feature is a decentralized exchange where users can trade cryptocurrencies efficiently. The DEX runs on the Shibarium Layer 2 chain, offering enhanced decentralization and a variety of trading tools.
Within the PAWSWAP ecosystem, PAW tokens serve multiple functions, including swapping, staking, governance, and accessing various utilities. Additionally, PAW tokens can be donated to animal welfare organizations endorsed by PAWSWAP. The token has a deflationary model, burning 2% of each transaction to help increase PAW’s value.
The all-in-one multi-chain wallet for effortless crypto management. Enjoy near-instant transactions and seamless cross-chain swaps across all connected networks. Interoperability at your fingertips 📲.https://t.co/Ya6rdcZpsL pic.twitter.com/7XMQIJZp1s
— PAW (@PawChain) October 15, 2024
Meanwhile, PAWSWAP has established partnerships to enhance its platform’s functionality. It collaborates with Uniswap, a top decentralized exchange, to provide liquidity for PAW tokens and other assets. Additionally, it partnered with Firo, a privacy-focused token, to enable secure and anonymous transactions and decentralized applications.
The price outlook for PAWSWAP appears positive, with a bullish sentiment. The Fear & Greed Index currently stands at 82, indicating Extreme Greed. PAW is trading 96.39% above its 200-day simple moving average, which suggests a promising trend. As of now, PAW is priced at $0.0000000124, reflecting a 30% increase over the past year.
3. Crypto All-Stars (STARS)
Crypto All-Stars ($STARS) is a presale coin that is revolutionizing the meme coin ecosystem through its innovative MemeVault protocol. This unique platform allows users to stake multiple meme coins across various blockchains, uniting holders under one umbrella. The project maximizes rewards for its community by incentivizing the holding of $STARS.
Meanwhile, the presale has garnered significant interest among whales. It has raised a substantial $2.4 million while promising attractive staking rewards of up to 596%. This high return potential has attracted early investors, encouraging them to buy and stake their tokens during the presale phase. The more $STARS tokens one holds, the greater the staking benefits within the MemeVault.
Furthermore, $ STARS’s tokenomics is strategically structured, with a significant portion allocated for liquidity and marketing efforts. This approach aims to ensure a robust launch and sustained interest in the token post-launch. The project plans to leverage its community-driven model to maintain engagement and foster growth.
As the presale progresses, Crypto All-Stars is actively promoting its vision through various marketing channels. The goal is to create a vibrant community of meme coin enthusiasts who can benefit from the unique staking opportunities offered by MemeVault. This community-centric approach positions Crypto All-Stars as a compelling option in the competitive landscape of meme coins.
Visit Crypto All-Stars Presale
4. BullBear AI (AIBB)
BullBear AI (AIBB) distinguishes itself as a unique entity within the cryptocurrency sector. Leveraging artificial intelligence (AI) provides users with predictive insights on both bullish and bearish market trends. The project’s core mission focuses on enhancing trading and prediction experiences while ensuring a secure and efficient payment process between users, eliminating the need for intermediaries.
Furthermore, the AI system generates predictions by analyzing user behavior and market patterns, drawing from historical data, price trends, and market movements. With support from various market experts, including PolkaBridge, BullBear benefits from strategic advisory, with PolkaBridge serving as a decentralized financial platform and key advisor.
Moreover, AIBB, the native token of BullBear AI, is a secure utility token facilitating governance and various ecosystem functions. BullBear AI demonstrates versatility with multiple use cases, including an information marketplace and membership tokens, which grant access to campaigns and governance proposals.
Meanwhile, BullBear AI continues to evolve, with developments like AICHAIN and AIMETAVERSE reflecting its commitment to market adaptability and user needs. Its deflationary model is emphasized, with 97% of the total token supply already burnt, contributing to increased token value.
The project has secured partnerships with over 35 prominent market players, including PolkaBridge, which recently invested $1 million in BullBear AI. With a strong performance on platforms like Gate.io, BullBear AI is emerging as a compelling choice in the dynamic crypto market.
Over the past 24 hours, BullBear dipped by 3%; however, it dropped by 5% over the last week. The price outlook remains bullish, supported by a Fear & Greed Index of 65, reflecting market sentiment as Greed. Additionally, it maintains high liquidity with an ample market cap.
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