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The meme market is primed with mixed movements. Firstly, Dogecoin resumes its push for a new ATH. On the other hand, other meme coins established themselves as noteworthy assets, appearing on the top trending crypto coin list on CMC several times in the previous week.
Finding the best meme tokens to buy right now is a continuous task. This task becomes more difficult with the influx of several tokens launched on Coingecko and CMC daily. We explore some of these meme tokens that are worth investing in.
Best Meme Coins to Invest In Today
The meme token trend is gathering momentum as the new week begins. Consequently, the market sees fresh trends post-Bitcoin-halving, with Big Red, Book of Meow, and Space Dragon being standout tokens to watch. Crucial details about these tokens will be covered in the post.
Meanwhile, Smog completed the fifth phase of its airdrops this week. This ongoing campaign evaluates SMOG holders’ on-chain engagement since the token’s inception. Also, participants are rewarded for completing community challenges through the second season’s questboard on Zealy.
1. Big Red (TD)
Big Red is one of the fastest-growing meme coins on the Avalanche (AVAX) blockchain. The token pays homage to the beloved Cornell University mascot. It symbolizes strength, resilience, and a bold spirit. These qualities align perfectly with its impact on the AVAX ecosystem.
Furthermore, the token aims to facilitate the adoption and recognition of AVAX within the broader crypto landscape. Big Red’s goal is to become a symbol of community strength and unity. It also seeks to attract users to bridge their assets to the Avalanche chain.
The team recently showcased the first utility as part of Big Red’s ecosystem. They have developed a crypto-friendly social media links platform. This innovative platform consolidates all social media links into a user-friendly profile.
Also, its staking DApp offers competitive compensation. It incentivizes token holders through staking pools and farms. The team has also announced the development of an automated launchpad, which will integrate its functionalities. Other upcoming projects include an aggregator, a contract creator, a merchandise store, and an interactive game.
Meanwhile, the project has announced a partnership with ChainSwap. Big Red will integrate Chainlink’s Cross Chain Interoperability Protocol (CCIP) through this collaboration. This integration unlocks secure and efficient cross-chain swaps. ChainSwap’s Level 5 Security will enable seamless data transfer and tokens between blockchains.
Big Red is currently priced at $0.000003949. This price reflects a 3.4% increase in the last 24 hours. The token’s greed index of 71 (greed) shows its potential for growth in the coming days.
2. Smog (SMOG)
SMOG is currently valued at $0.05483 per token and has seen a notable uptick in trading activity over the past 24 hours. Its price surged by 10.35% over the previous seven days, building on a 13.28% increase since its launch.
The project completed the fifth phase of its airdrops this week. This ongoing campaign evaluates SMOG holders’ on-chain engagement since the token’s inception. Also, participants are rewarded for completing community challenges through the second season’s questboard on Zealy.
Investors are encouraged to consider trading SMOG to optimize their XP gains and to engage in challenges hosted on Zealy to earn rewards. Furthermore, SMOG’s recent performance reflects positive market sentiment.
This is supported by its innovative approach to incentivizing token holders and fostering community participation through its airdrop. This strategy aims to enhance user engagement and reward active contributors within the SMOG ecosystem.
3. Book of Meow (BOMEOW)
Book of Meow is a new cryptocurrency project launched on the Solana blockchain. The token draws inspiration from the beloved cats that have caught the crypto community’s attention. The project aims to introduce a unique perspective to the Solana ecosystem.
Furthermore, BOMEOW seeks to boost blockchain activity through numerous means. The token has created awareness and education about the ecosystem to expand its user base. It plays a crucial role in Solana’s growth. It creates a fun and safe space for users to participate in and learn from.
Meanwhile, BOMEOW boasts a range of unique NFTs that blend fun and usefulness. Each NFT is a one-of-a-kind digital collectible created on the blockchain, ensuring it’s real and rare. However, these NFTs are only available for a limited time.
😻😸 Look at that chart – it's purrfectly bullish!
This is the perfect time to spread the word about BOMEOW and launch ourselves to the moon!
Here's how you can join us: 🗣Share your BOMEOW love on Twitter, Facebook, Telegram, Discord – anywhere you can! Use the hashtag… pic.twitter.com/gw7Xxie5Bp
— Book of Meow ($BOMEOW) (@Bomeow_solana) May 18, 2024
Not just that, $BOMEOW offers fun games centered around cats and a lively marketplace designed for cat lovers in the Solana community. These features add value and give $BOMEOW a chance to grow and profit passively.
In other news, Stockwits mentioned that Book of Meow had the most new followers today compared to other projects on their platform. Investors and fans are watching this new crypto project with high hopes and excitement. The token trades at $0.001772, indicating a 17.78% increase in the last seven days.
4. Space Dragon (DRAGON)
DRAGON is an innovative token operating on the BSC network. With a long-term vision to dominate the metaverse ecosystem, Space Dragon plans to acquire land in various ecosystems. The project aims to develop unique experiences. The token seeks to generate revenue for users by advertising on these lands.
Furthermore, the token addresses a common challenge in cryptocurrency projects. This challenge stems from fluctuation in trading volume, which affects marketing and development efforts. Moreover, the Space Dragon Swap, a key feature, ensures secure, easy-to-use, and low-fee token exchanges. These features integrate with multi-chain stakeholding pools so investors can stake tokens and earn rewards.
The project strategically hedges a part of its marketing wallet into Yield-bearing assets. These assets generate additional income for sustained development and marketing initiatives. They also offer potential future rewards for holders through Binance Smart Chain (BSC). It has also integrated DAO, staking, and farming features into its ecosystem.
The token is in several partnerships in the metaverse and gaming industries. It seeks to become the leading meme coin in those categories. In its latest partnership, it collaborated with a prominent NFT platform to facilitate the development of its newly released NFTs.
Interestingly, the token has responded positively to these partnerships and new use cases through its recent price rally. It displays an 8% price increase in the 24 hours at $0.0000000000000981. This price represents a 5.28% uptick in the last seven days.
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