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Today’s analysis of the best meme coins to watch focuses on SquidGrow, Chihuahua, and Memecoin. It also takes a sneak peek at the new presale, Sponge V2, presently shaking the entire crypto world, having raised over $5 million in presale.
New and Best Meme Coins to Buy
Chihuahua is up 10% a few hours after it announced burning 100 million tokens, while SquidGrow confirmed integrating its utilities with the Ryoshi L2 network.
Meanwhile, Sponge V2 has presented reasonable price performance, increasing by 82.99% in the last week, 85.39% in the previous month, and 827.35% in the last three months, implying a steady upward movement.
1. SquidGrow (SQUID)
In an announcement sweeping through the crypto space, SquidGrow confirmed integrating their utilities with the Ryoshi L2 network. This will allow holders to swap tokens and purchase NFTs with $SHIB through SquidGrow utilities on Ryoshi L2.
This collaboration reflects a commitment by the team at Squid to pushing the boundaries of what’s possible in the crypto space. This and several other strategic moves have seen the meme token being positioned towards being a top 10 crypto soon.
Furthermore, just a few hours after the announcement, the price of the SquidGrow token jumped to $0.0000000095, a significant 35.58% increase.
While many meme cryptocurrency projects in the crypto world rely solely on hype, SquidGrow aims to be unique by placing utility before meme appeal. It has become a forerunner of the concept called “utility-meme” project. This has ensured the continued sustainability of the innovative project, further attracting more investors.
Moreover, SquidGrow enjoys a robust following, evidenced by its almost 35 thousand strong social media followers and 20 20,000 holders.
Additionally, a strong focus on utility allows the project to offer sustainable staking pools, a secure swap service (SGS), and integration capabilities for other projects through its customized contract.
The Squidgrow community is buzzing today with excitement as we officially join forces with the dynamic team at @RyoshiL2 🦑🚀
Get a deeper dive into the innovation and expertise this partnership brings, not only for both communities, but the entire crypto space!
LFG! 🚀…
— SquidGrow™ (@Squid_Grow) January 27, 2024
Also, SquidGrow ensures transparency and security by ensuring that Certix thoroughly vets the project, the leading auditor in Blockchain security, which Havard and Yale professors founded. SquidGrow also added a new auditing company, Solidity, specializing in smart contract security and NFT.
2. Chihuahua (HUAHUA)
Chihuahua announced on its Twitter page that 100 million $HUAHUA has been burned. This news has seen the token’s value now priced at $0.000237, up almost 10%.
Also, being the first interoperable meme coin with a Proof-Of-Stake (POS) blockchain, it has positioned itself prominently within the Cosmos ecosystem.
Furthermore, Chihuahua is an eco-friendly and sustainable blockchain that uses the Inter-Blockchain Communication Protocol (IBC) to communicate easily with other chains, offering users the opportunity to stake HUAHUA for rewards and governance rights.
Additionally, Chihuahua sets itself apart even more with the creation of Dogmarketcap, which provides real-time access to data on the cryptocurrency market with a primary focus on meme coins. Its blockchain prioritizes sustainability, using less energy than Ethereum and Dogecoin, and is based on the Cosmos SDK and Tendermint consensus.
We did it, #HUAHUARMY! 💥
🔥🔥🔥 Over 100 million $HUAHUA have gone up in smoke, thanks to 50% of each transaction fee! 🔥🔥🔥
Let's keep the flames of progress burning — aiming for a sizzling 1 billion $HUAHUA burned soon! 🔥🔜$BONK $WEN $WIF… https://t.co/DLi7dtASDT
— Chihuahua ($HUAHUA) (@ChihuahuaChain) January 28, 2024
To position itself as the ultimate platform for developers, the team behind the project has made the interface easy to use. Also, with the development of the Chihuahua meme coin 2.0, the price of its token will keep rising.
3. Mochi (MOCHI)
Mochi initially gained attention due to its association with the pet dog of Brian Armstrong, the CEO of Coinbase. It has moved beyond its meme-coin origins, firmly establishing itself as a project with real-world utilities.
One of the factors that makes Mochi different from other meme-coins is its focus on community-driven development. It has a dedicated group of individuals who are actively building several innovative projects, such as non-fungible tokens (NFTs), decentralized applications (dApps), and even a cat-themed virtual marketplace around the token. This dedication to development ensures that the token has more utilities, further driving up the price.
Some of the projects include a Play-to-Earn game where users can raise a kitten in a virtual world and compete in challenges to earn rewards, a Mochi NFT Marketplace that allows users to buy, sell, and trade Mochi-themed NFTs, and a platform that integrates Mochi with DeFi protocols allowing user interest, staking MOCHI tokens, and participating in liquidity pools.
#1 !
In just 66 hours… @MochimonsNFT has become the all-time top NFT collection on @base by volume.
Cute is universal, and it's bringing all types of people onchain this year 🍡🐈 pic.twitter.com/u2Tt5lHbGl
— MOCHI on BASE (@mochi_token) January 26, 2024
Furthermore, Mochi leverages the Base Chain network, the Layer 2 scaling solution that facilitates faster and cheaper transactions compared to the Ethereum mainnet, making user experience seamless and attracting a wider user base.
MOCHI is priced at $0.0000221 as of the time of writing today, with a 24-hour trading volume of $362,431.50, representing an 82.36% price increase in the past 7 days. It has a circulating supply of 1 Trillion and $22,134,410 market cap
4. Sponge V2 ($SPONGE V2)
Following the phenomenal success of Sponge V1, a tribute to SpongeBob SquarePants, Sponge V2 is essentially a new meme coin created to solidify Sponge V1’s legacy.
Additionally, with Sponge V2, which features enhanced tokenomics and a play-to-earn racing game, the creators of Sponge V1 hope to replicate the achievements of Sponge V1, which rose from a $1 million market cap to over $100 million at its peak.
However, Sponge V2 is set to eclipse the performance of its predecessor, with 30,000 community members already driving the trajectory of the token upward; the future already looks positive for the coin.
Investors have two ways to get Sponge V2 tokens. They can either buy and stake SPONGE in the staking contract on the project’s website or stake their Sponge V1 tokens, which will be permanently locked in the smart contract.
The amount of Sponge V1 they stake determines the amount of Sponge V2 tokens they will receive. Over the next four years, staked tokens will also generate an annual percentage yield (APY).
Meanwhile, Sponge V2 has presented an excellent price performance, increasing by 82.99% in the last week, 85.39% in the previous month, and 827.35% in the last three months, implying a steady upward movement.
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