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Meme coins have been – and will very likely continue to be – the best-performing cryptocurrencies during this bull cycle.
Large-cap meme tokens have emerged as beta bets on their respective blockchains, with Pepe and Dogwifhat acting as leveraged ETH and SOL respectively.
On the contrary, new low-cap meme coins have offered 10x to 100x returns, fueled by the bull market euphoria. Some small-scale retail investors earned millions in profits this year by buying new meme coins early.
Experts remain convinced that meme tokens will continue to offer the most returns in the coming months as well.
memecoins are going higher
you are not bullish enough
— shah (@shahh) August 8, 2024
Best Meme Coins To Buy Before The Next Bull Run
The next crypto bull run isn’t a matter of if but when.
The US Federal Reserve appears set to cut interest rates in September, which will flush the crypto market with fresh capital.
Meanwhile, the cryptocurrency industry could also get a major boost from the upcoming elections. Republican candidate and Former President Donald Trump has already promised a series of pro-crypto developments, from firing SEC Chair Gary Gensler to setting up a Strategic Bitcoin Reserve.
Even the Democratic nominee Kamala Harris is seeking a reset with crypto companies and force Gensler out of the SEC.
Finally, the whales and institutions continue to buy the dips, indicating their confidence in an upcoming bull market.
We list the 5 best meme coins to buy that can deliver outsized returns in the next crypto bull run.
Dogecoin (DOGE)
It should be no surprise that Dogecoin is our top pick for the best meme coins to buy.
Smart-money investors are not underestimating the meme coin market leader. Despite its high $14.7 billion market capitalization, DOGE remains highly undervalued, currently trading 86% below its all-time high.
While Dogecoin has been somewhat overshadowed by Ethereum and Solana meme coins, experts remain confident that it will deliver explosive returns in the coming weeks and reach a new all-time high.
After all, DOGE remains billionaire Elon Musk’s favourite cryptocurrency. Earlier this year, Musk revealed that Dogecoin payments could be accepted for Tesla purchases in the near future. Rumours are also rife that the top meme coin could be a part of Elon’s X (formerly Twitter) platform.
I present you the future $DOGE CHART pic.twitter.com/45DYFfifI4
— WIZZ
( beware scammers ) (@CryptoWizardd) August 7, 2024
Consequently, experts believe that new Doge buyers can still earn 7x to 8x returns during this bull cycle.
Shiba Shootout (SHIBASHOOT)
Shiba Shootout is a new meme coin that recently caught the attention of investors with its Wild West crypto theme and strong presale performance.
Indeed, SHIBASHOOT has already raised close to $900k in its presale and is quickly nearing the $1 million mark.
Meme coins tend to rally as a group. A potential Dogecoin rally will provide a major boost to other dog-themed meme coins. Thanks to its low-cap status, Shiba Shootout could deliver outsized returns, making it one of the best meme coins to buy.
However, SHIBASHOOT isn’t an ordinary utility-less meme coin as well. It offers several exciting cowboy-themed perks for token holders, including Lucky Lasso Lotteries, the refer-to-earn Posse rewards, and an attractive “Cactus” staking program.
In fact, early Shiba Shootout buyers are already earning passive income, currently at an APY of over 100%.
Owing to its strong presale performance and the plethora of monetary rewards, experts believe that SHIBASHOOT could see substantial adoption after its launch and potentially offer up to 100x returns.
Pepe (PEPE)
Pepe’s inclusion in our list of the best meme coins to buy now shouldn’t come as a surprise.
In fact, a growing number of experts believe that Pepe coin could be the top-performing large-cap meme coin during this bull cycle. As previously mentioned, the frog-themed meme coin is acting as leveraged ETH, which is extremely bullish for its long-term price potential.
Owing to the newly launched spot Ethereum ETFs, some experts believe that the ETH price could peak at $10k in the coming months. It therefore stands to reason that the Pepe market capitalization could reach as high as $50 billion, which would mean 16x growth from its current valuation.
The Pepe price is currently trading at $0.0000078, with a market capitalization of $3.3 billion.
Pepe Unchained (PEPU)
Pepe Unchained is a new frog-themed meme coin that experts believe could follow in Pepe’s footsteps and deliver explosive returns to early buyers.
It has already made a name for itself among meme coin enthusiasts, thanks to its strong presale performance, raising nearly $8 million in a few short weeks.
However, the early demand isn’t exactly a surprise. In a rare bold move, Pepe Unchained is launching its own Layer-2, Ethereum-compatible blockchain.
The project recognizes that new Ethereum meme coins see marginal retail investments due to the high trading costs on the blockchain. Now with its native L2 chain, PEPU can offer extremely low trading fees and high staking rewards.
Early presale buyers are already earning attractive passive income, currently at an APY of over 250%.
