{"id":589061,"date":"2024-10-19T16:02:02","date_gmt":"2024-10-19T16:02:02","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=589061"},"modified":"2024-10-19T16:02:02","modified_gmt":"2024-10-19T16:02:02","slug":"best-meme-coins-to-invest-in-today-october-19-pawswap-bullbear-ai-elmoerc","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/best-meme-coins-to-invest-in-today-october-19-pawswap-bullbear-ai-elmoerc","title":{"rendered":"Best Meme Coins To Invest In Today, October 19 – Pawswap, BullBear AI, ELmoERC"},"content":{"rendered":"

Many of the <\/span>best meme coins’<\/span><\/a> prices are benefiting from the emergence of the “debasement trade.” The debasement trade is when investors seek alternative assets, such as gold or crypto, to hedge against economic instability. Institutional investors and hedge funds might view gold and crypto as gaining from the debasement trend.<\/span><\/p>\n

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.<\/span><\/p>\n

Best Meme Coins to Invest In Today<\/b><\/h2>\n

Several meme coins are trending today despite their prices being lower than when the week started. These tokens are sure to grow higher as analysts predict Donald Trump’s reelection bid will ensure this upsurge. Insidebitcoins has identified three of the best meme coins, including a groundbreaking presale token to invest in ahead of the US election. <\/span><\/p>\n

The best meme coins to invest in today include Pawswap, BullBear AI, and ELmoERC. ELmoERC surged by over 10% today as the <\/span>Crypto All-Stars<\/span><\/a> presale raised a significant $2.4 million in presale today. Meanwhile, BullBear AI gains momentum following a recent breakout. Does this mean AIBB will soon be on the verge of a new ATH? Read on to find out. <\/span><\/p>\n

1. ElmoERC (ELMO)<\/b><\/h3>\n

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.<\/span><\/p>\n

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.<\/span><\/p>\n

\"ELmoERC<\/p>\n

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.<\/span><\/p>\n

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.<\/span><\/p>\n

\"ELmoERC<\/p>\n

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%.<\/span><\/p>\n

Currently, the token is priced at $0.0000000124, reflecting a considerable 10% increase in the past 24 hours. Over the last 30 days, ELMO posted a significant 30.10% price gain. The 14-day Relative Strength Index (RSI) stands at 52.64, indicating a neutral position with potential for sideways trading.<\/span><\/p>\n

2. PawSwap (PAW)<\/b><\/h3>\n

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.<\/span><\/p>\n

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.<\/span><\/p>\n

\"Pawswap<\/p>\n

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.<\/span><\/p>\n

Within the PAWSWAP ecosystem, PAW tokens serve multiple functions, including swapping, staking, governance, and accessing various utilities. Additionally, PAW tokens can be donated to animal welfare organizations endorsed by PAWSWAP. The token has a deflationary model, burning 2% of each transaction to help increase PAW’s value.<\/span><\/p>\n

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The all-in-one multi-chain wallet for effortless crypto management. Enjoy near-instant transactions and seamless cross-chain swaps across all connected networks. Interoperability at your fingertips 📲.https:\/\/t.co\/Ya6rdcZpsL<\/a> pic.twitter.com\/7XMQIJZp1s<\/a><\/p>\n

— PAW (@PawChain) October 15, 2024<\/a><\/p><\/blockquote>\n