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Meme cryptocurrencies have emerged as a captivating subculture within the broader crypto ecosystem. Characterized by charismatic mascots and humorous branding, these coins transcend the conventional expectations associated with traditional cryptocurrencies.
In this article, we analyze the factors behind Husky’s market cap jumping above $250 million, Kimbo’s community exceeding 50,000, the potential of eTukTuk, and the reason behind Wojak’s recent rally.
New and Best Meme Coins to Buy Now
Based on the recent announcement by Avalanche Foundation to set aside $100 million to buy several meme tokens for “culture and fun,” several meme coins on Avalanche platforms are trending in the market today.
Husky and Kimbo meme coins stand out from other tokens on Avalanche due to their exceptional market performance. We analyze the market performance of these tokens to understand what exactly is happening with the Avalanche-based meme coins
1. Husky (HUSKY)
Husky Avax recently announced a strategic partnership with AAVE, a leading DeFi platform, granting users access to exclusive lending and borrowing opportunities. This integration sent Husky Avax surging over 30% in just 24 hours after being announced.
Furthermore, Avalanche announced it would spend $100 million buying some meme coins, including Husky. The foundation noted several points, such as high liquidity, trading volume, fair launch, snipe bot resistance, holder count, and market cap, for considering Husky as an investment.
This charming dog-based meme coin on the Avalanche blockchain has real-world applications for purchasing online merchandise, Music NFTs, and other NFT collections instead of being limited to a meme coin, HUSKY tokens.
In addition, Husky Avax is a community-centric token rooted in the Avalanche blockchain. With a committed team and engaged community, its core mission is to position itself as a critical player in the vibrant Avalanche NFT marketplace, strategically utilizing Avalanche’s security and decentralization for growth.
Furthermore, Husky holders are enticed by its eShop discount program, which rewards them for staking tokens. Stakers enjoy tiered discounts, ranging from 5% off with 10 xHusky staked to a 50% discount, free items, and complimentary shipping for 1000 xHusky staked. This program encourages xHusky staking and enriches the shopping experience on Husky eShop, fostering a rewarding ecosystem for the community.
Gud article by @RobertDKnight from @Cointelegraph
About meme coins on @avaxhttps://t.co/k8wREcMl66— HUSKY🔺 (@AvaxHusky) January 22, 2024
Meanwhile, with a current market cap of over $250 million and a daily trading volume exceeding $10 million, Husky Avax is rapidly gaining traction among DeFi enthusiasts.
With investors keeping an eye on the upcoming launch of Husky Avax’s NFT marketplace, further expanding its ecosystem and attracting more meme lovers, the price is expected to keep soaring higher
2. Kimbo (KIMBO)
Amidst the current buzz surrounding Avalanche Foundation’s announcement that it would spend $100 million acquiring meme tokens, including Kimbo, the token has seen a significant price surge, going from being as low as $0.00006774 to being as high as $0.00012 on the 24th of January, a massive 60% increase just a few hours after the announcement.
While Kimbo’s current price of $0.000106 might not trigger immediate FOMO, the historical trading volume paints a different picture. A consistent increase in daily volume, averaging over $1 million, indicates rising investor interest. Furthermore, the November 2023 all-time high of $0.012 demonstrates Kimbo’s potential for significant price appreciation.
Furthermore, Kimbo also announced its NFT collection is in the pipeline. The upcoming NFT collection isn’t just about digital artwork. Expect exclusive utility features and potential event access, making them coveted assets for NFT enthusiasts. Owning a Kimbo NFT could unlock unique benefits within the project’s ecosystem.
The community is growing, and it's exciting to see so many kimbros developing protocols or games using $KIMBO! $KIMBO's utility is still in its early stages 👀🐶🔺 https://t.co/d3InZUm9WV
— $KIMBO 🐶🔺 (@KimboAvax) January 23, 2024
Moreover, with over 50,000 active members across social media platforms, Kimbo boasts a thriving community that fosters organic growth, price stability, and a sense of shared ownership. This community engagement is a valuable asset in the competitive crypto landscape.
On the horizon lies the possibility of DeFi integration, opening up new avenues for Kimbo’s utility and attracting investors seeking exposure to decentralized finance. This potential expansion into DeFi could unlock significant future value.
3. Wojak (WOJAK)
WOJAK is a meme project based on the popular internet meme of cartoon faces with diverse emotions. It aims to become a decentralized platform for lovers of memes, allowing them to use WOJAK tokens to interact with other meme fans, join local forums, and consume memes. It also enables them to buy and sell these memes.
The platform utilizes blockchain technology to ensure transparency and security. It also provides a compliant and intuitive interface that is easy to navigate. WOJAK aims to allow people to express themselves through memes and build communities based on shared interests and experiences.
Furthermore, WOJAK aims to develop a decentralized network that uses memes to unite people. The concept draws inspiration from the widely shared meme of the same name on the internet, which features a cartoonish face portraying various emotions.
Get ready for the upcoming wave of awareness, woj squad👂
— Wojak Finance (@wojfinance) January 22, 2024
However, Wojak is currently priced at $0.000257, showing a 5.32% increase in the last 24 hours with a 24-hour trading volume of $1,753,813.
4. eTukTuk (TUK)
eTukTuk is a blockchain-based project aiming to build the charging infrastructure of tomorrow. Powered by the blockchain, eTukTuk is a DePin project that is committed to powering a robust and sustainable charging ecosystem for transportation networks across developing nations. The ecosystem hopes to provide sustainable solutions to transportation in growing regions.
1/ eTukTuk Times is back! 📰🌍
Our weekly round-up of two things we love: #EVs and a #sustainable future 🚀
Explore breakthrough technologies, global initiatives, and the latest developments shaping the future of sustainable transportation and combating climate change.
— eTukTuk (@eTukTukio) January 17, 2024
Additionally, the team behind the project recently announced it would release a play-to-earn game based on the flagship eTukTuk vehicle – Crazy Taxi. it would allow players to whiz around the streets of Sri Lanka while picking up and dropping off customers who need to be somewhere fast. The quicker they drive, the more they’ll earn.
This announcement has gotten the project more attention from meme coin lovers, raising over $550,000, with staking opportunities offering an immediate APY of 382% for early adopters.
While still sold at an enticing 0.026 in presale, meme coins investors see its potential as an investment with its clear growth plans, strategic partnerships, and potential market exposure.
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