These are the top cryptocurrencies that investors have on their watch list ahead of the upcoming bull cycle. They are fueled by FOMO, market relevance, and utility.
What you'll learn 👉
1. Wall Street Memes
The most-awaited meme coin of this quarter is Wall Street Memes (WSM), which is now in the last stages of its presale. It has raised $25 million already, to the pleasant shock of the market.
Few cryptocurrencies have ventured to target a large presale cap as WSM. The majority confine themselves within a range of $50,000 to $2 million to avoid falling short and dispiriting investors. WSM has not only aimed for a substantially large hard cap, but has also achieved it ahead of schedule, attesting to its resounding appeal among retail investors.
Since the beginning, industry analysts have been predicting the explosive potential of WSM, substantiated by its affiliation with the Wall Street Memes community. It boasts a global following exceeding 1 million.
How did the Wall Street Memes community achieve this where most meme coins fail?
The answer lies in its robustness. Unlike most crypto communities that spring up overnight as fleeting sensations, the Wall Street Memes community has been growing since October 2019. The community is held together by its love for memes. Portrayed with a satirical lens, they candidly critique the double standards of governments, legislators, and gullible investors.
The distinctive feature grants Wall Street Memes an unparalleled edge against the volatile movements of the market.
Low rate mortgage chad pic.twitter.com/v7nxtISTLS
— Wall Street Memes (@wallstmemes) August 18, 2023
The viral community has birthed a viral meme coin
It’s not just the virality of the meme community that makes the WSM meme coin a success. It’s also the nature of the community. The Wall Street community primarily comprises investors, traders, and business leaders – a significant share of whom hold meme coin investments.
And that makes all the difference. The viral impact of the community is further revealed by tech magnate Elon Musk’s engagement with its posts. He’s not directly involved with the meme coin. But his interactions have amplified the hype surrounding the project.
Will the token launch justify the presale success?
A closer analysis of the meme coin market reveals that the token launch will be a bigger phenomenon than the presale.
FOMO propelled the WSM presale to new heights over the last few days that it reached the $25M milestone ahead of schedule. But to meet the rising demand from the community, the project has decided to extend the presale at a fixed price of $0.0337 before the token goes live on exchanges. The token listing is scheduled for September.
In other words, the presale FOMO is bigger than what it seems.
With the token listing just a few days away, the FOMO is expected to rise to new heights in the coming days. Widely speculated to be the next Pepe, the flow of investments into the WSM will translate into a multifold price rise during the initial exchange listing. It can range anywhere from 25X to 30X.
To mitigate the initial selling pressure, WSM has implemented a robust community reward program. A massive 30% of the token supply is set aside for community rewards.
Binance listing will fuel the second wave of bull run
As WSM gains exposure, it will make its way toward tier-1 exchanges like Binance. The news around the listing will escalate the price from 60X-80X. Binance has a track record of igniting robust bullish trends for listed tokens prior to their launch. WSM won’t be an exception.
If the momentum from the presale phase is any indication, WSM will outperform Pepe’s 7000% surge.
2. Sonik Coin
Next on our list is a meme coin too. Sonik Coin may not make its way to the top-3 meme coin chart, but it has the potential to give multifold returns to early investors, ranging from 8X to 10X.
Sonik is another meme coin rightly positioned to ride the meme coin wave in September. Now in the presale phase, Sonik has a relatively modest target of around $2 million. For the same reason, it will sell out and make its entry into decentralized exchanges (DEXs) before WSM.
The low initial market cap gives a large room for returns to investors who buy the token at the presale phase.
Sonik Coin draws inspiration from Sonic the Hedgehog
Sonik taps into the fandom of the iconic animated character Sonic the Hedgehog. The theme particularly resonates in Asian countries that have substantial meme coin investor demographics.
The theme has high explosive potential. Being the first of its kind, Sonik could join the ranks of Dogecoin and Pepe and kindle the launch of knock-offs.
Stake-to-earn utility substantiates Sonik’s long-term viability
But the theme is not the only factor that’s pumping the Sonik presale. It is also its stake-to-earn utility, an element that mitigates initial selling pressure and substantiates its long-term viability.
If you have bought Sonik Coins, you can deposit them into the staking smart contract and earn rewards in return for the duration you plan to hold it. They will be distributed over a span of four years, bolstering token’s value in the open market. The staking mechanism is not only a tool against market volatility, but also ensures a consistent stream of passive income for investors.
Sonik’s goal is to become the fastest cryptocurrency to secure a $100 million market capitalization. The stake-to-earn feature is expected to help it achieve that without falling prey to early-stage dumps by reducing the circulating supply. Sonik has allocated 40% of its total supply to community staking rewards.
But even if Sonik fails to set records while reaching the milestone, it will give substantial returns to early investors.
Sonik won’t be a fleeting meme coin sensation
The meme coin market has a history of giving multifold returns to investors who seize the opportunity early on. Soon after, they fade into obscurity. But an analysis of the Sonik Coin website, whitepaper, and roadmap shows that it won’t be a fleeting trend. It has the potential to attain a large market cap of around $500M and take it forward to next year.
Sonik’s initial market cap will be relatively low due to the low presale target. That leaves ample room for substantial returns for presale investors.
3. Launchpad XYZ
Web3 is brimming with promise. Yet, it is complex and tedious for a new user. As a result, both investors and users approach Web3 with caution.
We need projects that lower the entry barrier to Web3 and this is the role that Launchpad XYZ has undertaken. Determined to take Web3 to the next 10M users, Launchpad features an array of user-friendly tools and modules.
In addition to bringing more people on board, Launchpad XYZ introduces the public to high-yield opportunities within the Web3 domain.
If the Launchpad XYZ ecosystem unfolds as laid out in the whitepaper, it will change the way the mainstream understands Web3, cryptocurrencies, and NFTs.
🎉 HUGE NEWS! We’ve just crossed the $1.2 million mark in our #Presale!
— Launchpad.xyz (@launchpadlpx) August 8, 2023
A heartfelt thank you to our incredible community. The journey has only begun 🚀
Join the $LPX presale today! ⤵️https://t.co/6qHqqRBG7F#LaunchpadXYZ #Crypto #Web3 #Trade #Alts pic.twitter.com/fZpXciMLVp
Data and insights drive Launchpad XYZ
Launchpad XYZ’s primary tool is advanced data and insights. For example, it introduces an iconic metric known as Launchpad Quotient (LPQ). It allows investors and traders to assess the risk and reward potential of any Web3 asset.
Extracted from 400 data points, the metric reflects moving averages, sentiment analysis, and trading volume, to name just a few. As a result, it is reliable and dynamic.
The platform serves as a centralized hub for the decentralized Web 3.0 and unlocks various opportunities for trading, investing, and play-to-earn models. More importantly, it caters to a wide audience, particularly newcomers.
Launchpad XYZ is better served as a long-term investment
The broad spectrum of crypto sectors covered by Launchpad XYZ includes NFTs, fractionalized assets, utility tokens, and Web3 presales. It features an NFT marketplace, a play-to-earn gaming hub, a library of metaverse experiences, a Web3 wallet, an NFT decentralized exchange, and a trading terminal.
It has something for everyone.
As Web3 welcomes millions of new users in the coming years, LPX will prove to be an excellent long-term investment in 2024. The short-term potential of the coin is also large, ranging from 5X-8X on the launch.
