The meme coin market is seeing significant growth after heavyweights like Shiba Inu ($SHIB) and Pepe ($PEPE) surged this week.
$SHIB has increased by a remarkable 16% this week as traders eagerly anticipate the launch of the Shiabrium mainnet.
In addition, $PEPE also saw a 26% price increase over the week, allowing it to meet prior resistance.
With the meme coin market surging, we’ve found a list of the next potential meme coin sensations to watch, capable of producing up to 50x returns for early-stage investors.
What you'll learn 👉
Meme Coin Market Sees Growth After Heavyweight Shiba Inu ($SHIB) Surges 16% This Week.
Shiba Inu saw a delightful week in which it surged by 16% to reach the current $0.0000103 level.
Traders are rushing to get positioned in $SHIB in anticipation of the upcoming Shibarium Layer 2 solution, which will exponentially expand the Shiba Inu ecosystem.
The cryptocurrency started its surge at the beginning of August as it soared into resistance at $0.00001 – provided by a bearish .382 Fib Retracement level.
$SHIB went on to break this resistance last week, reaching as high as $0.000011 before retracing back to the current support;
Looking ahead, the first resistance lies at $0.0000111 – provided by a bearish .5 Fib Retracement. This is followed by resistance at $0.0000116, $0.0000122, and $0.00001288 (October 2022 high-day close).
On the other side, support lies at $0.00001, $0.00000945 (.382 Fib), $0.000088 (.5 Fib), and $0.000082 (.618 Fib).
Pepe ($PEPE) Also Seeing Strong Rise After 26% Price Surge.
Pepe ($PEPE) is another token seeing bullish price action after surging by 26% this week.
Although the move was largely technically driven without any fundamental news, meme coin traders are starting to turn bullish on $PEPE again.
The bullishness allowed $PEPE to rebound from support at $0.00000106 last week and climb into resistance at $0.000001477;
The current resistance is essential to break as it served as solid support from mid-June through late July.
Looking ahead, if the buyers break $0.000001477, additional resistance lies at $0.0000016 and $0.00000187 (bearish .382 Fib).
This is followed by resistance at $0.000002, $0.0000022 (bearish .5 Fib), and $0.00000255 (bearish .618 Fib).
What Are The Next Potential Upcoming Meme Coin Sensations?
While the meme coin heavyweights soar, a series of emerging meme coins are also starting to gain significant momentum.
Investors are rushing to these projects as they believe they have the potential to turn into the next meme coin sensations on the market, capable of delivering up to 50x returns – similar to what $PEPE and $SHIB delivered in their early days.
Wall Street Memes Approaches Impressive $24 Million Milestone as FOMO Kicks in for Remaining $WSM
The FOMO is officially kicking in for Wall Street Memes as investors rush to get a piece of the few remaining $WSM tokens on the market.
Wall Street Memes has raised almost $24 million in its extraordinary presale, making it one of the most sought-after meme coins in the industry.
Investors are rushing to this project due to its colossal community, meme-based humor, and attention received from industry figureheads like Elon Musk.
The FOMO has also captivated whales, who are rushing to get positioned before the presale ends.
For example, a whale recently aped in with 460 $ETH in one purchase, worth around $850,000;
The confidence from whales shows their extraordinary belief in this meme coin as they expect huge returns for their enormous risk.
Wall Street Memes strives to make satire out of Wall Street and expose our traditional financial system through a series of memes.
The memes are so popular that they generate over 40 million monthly impressions on X.
They’ve also attracted the attention of Elon Musk, who’s commented on the memes on several occasions;
If Elon is paying attention to your meme coin over an extended period, you know huge returns are coming.
🤣
— Elon Musk (@elonmusk) <a
The strength of Wall Street Memes lies in its robust community, which has a cult-like following of over 1.1 million people.
This colossal following has experts believing that $WSM is guaranteed a major tier-1 exchange listing as soon as it launches, as heavyweights like Binance would seek to capitalize on the humongous trading volume.
Joe Parys Crypto, a YouTuber with over 380,000 subscribers, also believes the huge community will help $WSM get listed on major exchanges;
In addition, CryptoWendy0 believes that $WSM will be at the forefront of the next crypto bull run;
Overall, Wall Street Memes has created the perfect balance of hype and FOMO to turn the project into the next meme coin sensation on the market.
However, with the majority of its presale allocation already bought, new investors will need to hurry to get positioned as quickly as possible.
Chimpzee ($CHMPZ) Continues Charitable Donations Even Before Launching.
If you have a passion for preserving the planet and helping to save wildlife, then Chimpzee is a token to which you really want to pay attention.
Chimpzee has provided a groundbreaking method to help people earn a passive income while positively contributing to the world by helping save animals and combat climate change.
The project is the first Web3 project to disrupt how people contribute to charity by offering three ways to earn a passive income.
These include shop-to-earn through the Chimpzee store, trade-to-earn in the Chimpzee NFT Marketplace, and play-to-earn on the Chimpzee Zero Tolerance Game.
Although the passive income is attractive, investors are intrigued by the wholesome nature of the project as the team has made considerable financial contributions to charity – even before the presale has ended.
For example, Chimpzee has already planted over 20,000 trees through One Tree Planted after hitting the $500,000 fundraising milestone;
🎉We achieved our 3rd Raise Goal and will plant 20,000 trees with One Tree Planted!
👏Thank you Chimpzee Army for coming together to help make a real world impact toward helping fight climate change! 🌲🌲
The verified donation was made through TheGivingBlock, a project that helps to facilitate crypto contributions to charities.
Finally, Chimpzee took its contributions further with a $20,000 donation to WILD Foundation to help support their efforts in saving the few thousand remaining black jaguars in South America;
🎉We have just made a $20,000 donation to the @wildfoundation to support their remarkable efforts in saving and protecting the majestic black jaguar!🐆❤️
— Official Chimpzee Project (@RealChimpzee) July 14, 2023
As you can see, the team is fully committed to its mission of using Web3 technology to help make a positive impact on the world.
The presale has already raised $1.8 million in fundraising as investors rush to be a part of this passive income solution that makes a positive impact.
Analysts expect huge returns from this project once it launches, with some predictions of 1000x returns;
Overall, Chimpzee ($CHMPZ) has the wholesome vibe to turn it into the next meme coin sensation on the market.
XRP20 Sees Increased Adoption as Presale Almost Sold Out
XRP20is the final meme coin that has the potential to provide at least 10x returns as investors rush to get positioned as early as possible.
The presale has raised over $3.1 million in just a week, showing this project’s growing levels of hype.
Described as the second coming of XRP, the project intends to reignite the passion of the Ripple Army by bringing the legacy onto Ethereum through an ERC20 version.
In doing so, XRP20 intends to introduce a groundbreaking stake-to-earn mechanism alongside a burning feature set to skyrocket its utility.
This low-cap crypto opportunity is tapping into the legacy of the original XRP through a user-focused token with new cutting-edge features.
The presale allocation is quickly selling out as investors rush to buy at the lowest possible prices after the success of BTC20 this week.
The tokenomics of the project pay homage to the original $XRP, with a total of 100 billion supply.
Of which, 40% is sold in the presale at a price of $0.000092 – aiming for a $3.68 million hard cap.
Then, 40% is reserved for staking, 10% for DEX liquidity, and 10% for burning.
The stake-to-earn will provide rewards to $XRP20 stakers, while the burning mechanism will burn 0.1% of every buy and sell transaction.
Analysts believe this dual mechanism will create a supply shock for $XRP20 once it launches, causing its value to skyrocket.
Overall, $XRP20 is a golden opportunity that’s quickly running out. With the presale crossing the $3.1 million milestone, there’s just $500,000 left to buy, and the presale is expected to finish later today.
Disclaimer: CaptainAltcoin does not endorse investing in any project mentioned in this article. Exercise caution and do thorough research before investing your money. CaptainAltcoin takes no responsibility for its accuracy or quality. This content was not written by CaptainAltcoin’s team. We advise readers to do their own thorough research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. Any investment decisions made based on this content are at the sole risk of the reader. CaptainAltcoin is not liable for any damages or losses from using or relying on this content.
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Felix Kuester works as an analyst and content manager for Captainaltcoin and specializes in chart analysis and blockchain technology. He is also actively involved in the crypto community - both online as a central contact in the Facebook and Telegram channel of Captainaltcoin and offline as an interviewer he always maintains an ongoing interaction with startups, developers and visionaries. The physicist has couple of years of professional experience as project manager and technological consultant. Felix has for many years been enthusiastic not only about the technological dimension of crypto currencies, but also about the socio-economic vision behind them.
