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Most of the best meme coins have risen to prominence in the crypto sector since the beginning of the year. Early investors have seen substantial returns from this surge. While meme coins have recently experienced relative stability, the post-U.S. elections and anticipated bull run have seen these tokens post exponential price growth.
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 Donald Trump’s reelection has been predicted to ensure this upsurge. Insidebitcoins has identified three of the best meme coins, including a groundbreaking presale token to invest in today.
The best meme coins to invest in today include Pawswap, MongCoin, and ELmoERC. ELmoERC maintains a 15% increase over the previous week as the Pepe Unchained presale raised a significant $27.8 million in presale today. Meanwhile, MongCoin has gained momentum following a recent breakout. Does this mean MONG will soon be on the verge of a new ATH? Read on to find out.
1. MongCoin (MONG)
MongCoin is a deflationary coin operating on the Ethereum blockchain. It distinguishes itself among ERC20 meme coins by drawing inspiration and value from the renowned NFT collection MONGS NFT. This collection comprises over 10,000 unique NFTs, each featuring a distinct mongoose. Holders of these NFTs receive rewards in the form of MONG coins.
This innovative linkage brings a fresh perspective to the meme coin landscape, offering a unique twist. The project’s mission revolves around incentivizing NFT holders with MONG tokens, promoting engagement and participation within the community.
Although the token initially lacked real utility, with its demand primarily driven by hype and speculation, it has since developed several use cases. One notable example is JuiceBOT, a fast, secure, and user-friendly Telegram trading bot that enables users to farm for points and earn rewards. Additionally, the project is introducing a new token, $JUICE, to fuel JuiceBOT.
Do you understand how $MONG was created?
It’s the first meme born in congress. @BradSherman mentioned it live under oath and then it was born.
-Literally by a US senator
It’s OG and the community is loyal AF
You don’t need a CTO. You just need to join the ranks 🚀
— Crypto Bitlord (@crypto_bitlord7) November 11, 2024
Furthermore, MongCoin has established a strategic partnership with DOE, an NFT platform. This collaboration has led to the development of a new game, DOE Rangers, on the MongCoin platform. The game integrates the DOE and MONG NFT Collections, turning them into playable in-game characters. Players can acquire power-ups using $KDOE and $MONG tokens.
MongCoin’s impressive 18% price surge in the last seven days outperformed 67% of the global cryptocurrency market. Investors are currently bullish on the coin, trading above its 200-day average. Also, the token has shown 17 green days in the last 30 days while posting a 24% price increase at $0.00000001497.
2. 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.
300M $ELMO WEN? pic.twitter.com/RkMbqEoTal
— ElmoERC (@RealElmoERC) November 12, 2024
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 $0.0029, reflecting a 15% increase in the past seven days. Over the last 30 days, ELMO posted a significant 30% price gain. The 14-day Relative Strength Index (RSI) stands at 52.64, indicating a neutral position with potential for sideways trading.
3. Pepe Unchained (PEPU)
Pepe Unchained is a meme coin project that has recently gained significant attention, raising over $27.8 million in its presale. This layer-2 network is creating a dedicated ecosystem for meme coins. It differentiates itself from existing projects by offering faster transactions and lower fees. The presale allows investors to purchase PEPU tokens at a fixed price, with various payment options available, including cryptocurrencies and credit cards.
A notable feature of Pepe Unchained is its ambitious plan to develop the Pepe Chain, which promises to enhance transaction speeds. The project’s layer-2 solution is 100 times faster than Ethereum, addressing common scalability issues. Additionally, holders of PEPU tokens will benefit from a double-staking app that offers attractive annual yields.
Meanwhile, the team introduced the “Frens with Benefits” initiative, which provides developer grants to encourage innovation on the Pepe Chain. This program fosters a robust development environment and attracts new projects that can expand the ecosystem. By supporting developers, Pepe Unchained intends to enhance its utility and long-term viability in the competitive crypto market.
Pepe Unchained’s marketing strategy is bolstered by an active community presence on social media, with over 50,100 followers on Twitter. The project has garnered attention from crypto influencers and analysts, contributing to its growing popularity. This community engagement is crucial for maintaining momentum as the presale progresses toward its goal of $28 million.
Wow 27M!!!!!
The PEPU community support is incredible! Pepe has entered a complete zen state because of all the love. PEPU #1!! 🐸🐸💚💚 pic.twitter.com/G4A3yy1XxX
— Pepe Unchained (@pepe_unchained) November 11, 2024
Pepe Unchained aims to establish itself as a leading hub for meme coin traders. It is doing this by combining innovative technology with community-driven initiatives. Its focus on fast transactions, staking rewards, and developer support positions it as a promising investment opportunity. As excitement builds around the project, many investors are watching closely for its upcoming launch on decentralized exchanges.
4. 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.
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 trades at a 3% increase over the previous week.
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