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Dogecoin is back in the spotlight, helping lead a meme coin revival as a gambling mindset takes hold of the market, reigniting interest in speculative tokens.
That’s the view of on-chain analytics firm Santiment, which said in a May 1 blog post that Dogecoin’s social dominance has soared to a three-month high as a ‘’greed-driven phase’’ revives bullish sentiment in the meme coin market.
“Online discussions about these high-risk tokens have proliferated as traders embrace a ‘gamble’ mindset, rather than a calculated investment approach, ” said marketing director Brian Quinlivan. ”Traders are increasingly investing based solely on speculation and short-term gains.”
Online Mentions Of Meme Coins Soar As Dogecoin Dominates
The number of online meme coin mentions has hit a high for the year and Bitcoin is again attracting investors with ”FOMO fear,” Quinlivan said.
Meme coin titan DOGE is standing out from the crowd as its social dominance spikes to its highest level in nearly three months amid conversations and filings surrounding potential Dogecoin ETF listings.
Even the US Securities and Exchange Commission (SEC) delaying decisions on various DOGE ETFs (exchange-traded funds) hasn’t dampened positive investor sentiment.
“Analysts and traders have noticed heavy accumulation by whales, with bullish patterns forming in the charts” said Quinlivan. ”Dogecoin may be entering a new phase of growth. The buildup has created a more optimistic and energized mood around the coin than we’ve seen in a long time.”
Best Crypto To Buy Now As Meme Coin Frenzy Reignites
As meme coin mania grips the market again, traders are increasingly looking beyond large-cap tokens like DOGE, SHIB, and PEPE in search of the next breakout tokens.
The speculative energy in the market is already cascading down into low-cap and presale tokens, where the potential for outsized gains is so much greater.
Against this backdrop, three new contenders—BTC Bull Token (BTCBULL), MIND of Pepe (MIND) and Solaxy (SOLX)—are standing out, driven not only by their meme appeal but also because of their utility and fresh narratives.
BTC Bull Token (BTCBULL)
BTC Bull Token is a meme coin that is built on the belief that Bitcoin will rise all the way to $1 million per coin, possibly even higher. As the leading crypto’s price reaches new heights, BTC Bull Token will reward its investors with Bitcoin airdrops at certain price milestones.
The first airdrop will happen when Bitcoin breaks $150K. Thereafter, every new $50K milestone the crypto king achieves will result in a BTC airdrop to BTCBULL investors.
BTC Bull Token will also execute a series of token burns, removing tokens from the meme coin’s supply. This will make BTCBULL more scarce, and could lead to a rally if demand from buyers looking to get in on the airdrops explodes.
That sentiment is shared by popular YouTube channel 99Bitcoins, who told its more than 725K subscribers that BTCBULL could soar 10X after its launch.
Investors seem to be just as bullish on the meme coin, and have already poured more than $5.2 million into BTCBULL’s ongoing presale.
MIND Of Pepe (MIND)
With a market as volatile as the crypto space, it’s easy for traders and investors to feel overwhelmed. This is especially true for anyone trying to find the next crypto gem that could give explosive gains. That’s where MIND of Pepe, the first AI derivative of the PEPE brand, will help.
At the core of the project is a cutting-edge computer model that monitors online chatter in real-time, 24/7. It then waits until a change in trend or sentiment is detected, before immediately notifying MIND holders through token-gated groups.
Apart from being able to watch out for new trends in the crypto space, the MIND of Pepe AI agent can also actively steer the market narrative by engaging with influencers and other Web3 community members online.
It can even launch its own tokens, hype them up, trade them and reinvest profits back into MIND. Before it does this, it lets MIND holders buy in early.
With so much utility, it’s no surprise that 99Bitcoins is also bullish on MIND. In a recent video, the channel said the AI meme coin hybrid could also soar 10X after its launch.
Investor interest in the project’s presale, which has raised over $8.6 million, has gone into overdrive after MIND of Pepe announced its AI agent will go live on May 10.
Solaxy (SOLX)
With the hype around meme coins picking up again, the Solana network, which many developers chose to launch their tokens on in the last meme coin frenzy, faces a tough task ahead. However, this meme coin frenzy will likely not result in more Solana network outages thanks to the arrival of Solaxy .
Solaxy is the first layer-2 scaling solution for the Solana ecosystem. Through protocols called rollups and its native sidechain, the project will process and bundle SOL transactions off of the main Solana network.
It will then only call on Solana for final validation. This approach will increase the blockchain’s overall efficiency by boosting speeds and slashing network fees.
Solaxy will also bridge Solana with Ethereum to create a new super Web3 platform capable of meeting the growing demands of decentralized app and meme coin developers.
Recently, 99Bitcoins predicted SOLX could outperform both BTCBULL and MIND, and anticipates a 100X surge after launch.
Investors seem to agree, sending SOLX‘s presale parabolic. They have poured more than $32.7 million into the project’s ICO, making it one of the most successful of the year.
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