The meme coin industry has been rather quiet in the last couple of months. However, analysts believe this is just a brief cool-off before the next meme coin supercycle begins.
A meme coin supercycle is a market phenomenon in which several meme coins see exponential growth in a short period of time. This growth results from bullish market sentiment, social media trends, hype, and cultural relevance.
Instead of relying on strong technical and fundamental metrics, meme coins derive their value from community perception. Their ethos is, ‘It doesn’t have to make sense to make you money.’
Previous meme coin supercycles made hundreds of millionaires overnight. In 2021, for instance, Shiba Inu ($SHIB) surged 1,000,000%. That’s a $1M return for every $100.
During the same time, Dogecoin ($DOGE) exploded to $0.70 from just a fraction of a cent, largely due to Elon Musk’s endorsement. A coin that started out as a joke is now the biggest meme coin, with a mind-boggling market cap of $37.73B.
What Are the Indicators of the Upcoming Meme Coin Supercycle?
The market looks perfectly positioned for the next meme coin bull run, as evident from three factors.
Increased engagement on platforms like TikTok, Twitter, and Reddit. The famous Roaring Kitty-GameStop saga, by the way, was a Reddit baby.
Celebrities and influencers have begun creating and promoting meme coins.
A surge in trading volumes and demand for ERC-20 meme coins, which caused an increase in Ethereum gas fees.
What’s more, after falling from $0.40 to $0.25, $DOGE has been holding its support quite well. The token appears to be in the accumulation phase, ready for the next upward move.
Something similar is happening in $SHIB, too. After a sharp correction of around 50% in the last two months, the token has protected its lows of $0.00001500.
Both these giant meme coins now look ripe for the next leg up higher, which could potentially drive the next meme supercycle.
Looking for the best meme coins to benefit from the upcoming madness? Here are three early-stage tokens you can invest in right now.
1. BTC Bull Token ($BTCBULL) – Best Meme Coin to Invest in Right Now for
Free $BTC Airdrops
Built to rally behind Bitcoin’s historical growth to $1M, BTC Bull Token ($BTCBULL) is a meme coin at heart. That means it’ll not only benefit from increasing crypto adoption (and so rising Bitcoin prices) but also the meme coin supercycle.
$BTCBULL holders will receive free $BTC rewards when Bitcoin breaks out from its current range and reaches new milestones. The first $BTC airdrop event will take place at $150K, and the second at $200K.
When $BTC reaches $250K, the project plans a massive $BTCBULL token airdrop.
There will also be regular token burn events. Every time $BTC’s price increases by $50K, BTC Bull Token will remove part of the total token supply from circulation to beef up demand and maintain an upward price trajectory.
Because it’s the only meme coin that offers $BTC airdrops, BTC Bull Token’s presale was destined for greatness. And it didn’t disappoint! Within just 24 hours of its launch in early February, it raised a whopping $500K. The presale kitty currently sits at $2.4M, and interested investors can join now for just $0.00237 per token.
2. Solaxy ($SOLX) – Solana Meme Coin with Real Utility
Solana is an ideal blockchain network for meme coins, as it’s both fast and cheap. But can it maintain its current performance throughout this meme coin supercycle? Doubtful.
The network is rife with issues, namely, congestion and limited scalability. As a result, investors can no longer be confident that their transaction will go through successfully in the first attempt. Improvement is Solana’s need of the hour. Enter Solaxy ($SOLX).
By combining Ethereum’s rollup architecture and Solana’s efficiency, Solaxy’s off-chain transaction processing system will significantly reduce the burden on Solana’s main network.
Solaxy won’t just ride the meme coin supercycle but seeing as it offers real utility, too, it can easily become the next crypto to explode.
With over $22.5M raised, the $SOLX presale is currently offering each token for just $0.00164. For more guidance, check out our guide on how to buy $SOLX.
3. Broccoli ($BROCCOLI) – CZ’s Pet Dog-Inspired Explosive Meme Coin
Broccoli has been all the rage (only fitting because it’s inspired by a Belgian Malinois) in the memecoin market since last week.
The dog in question is the pet of Binance’s ex-CEO, CZ, who revealed his fascination with meme coins and then his dog’s name and picture last week on X.
As expected, CZ’s followers flooded the market with newly minted $BROCCOLI tokens. CZ was absolutely spot on when he said, ‘There is never a dull day in crypto.’
After catapulting to new all-time highs almost every single hour for the first four days, the token has finally gone sideways. It’s currently trading at $0.038.
Even though $BROCCOLI grew 947% in the last seven days, there’s always room for more growth for a hype-backed meme coin. Its consolidation phase might present a great entry point for new investors who can benefit from $BROCCOLI’s next surge.
Verdict
These top trending cryptos are the most likely to skyrocket in the upcoming $DOGE and $SHIB-led meme coin supercycle.
However, the harsh reality is that meme coins can get buried into the ground just as quickly. Such is their volatility!
That’s why you should only invest an amount you’re comfortable to potentially lose. Remember that this article isn’t financial advice, and you must always do your own research before dipping your toes in the meme coin space.
