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Cryptocurrency News Articles

The Next Crypto to Explode? 3 Meme Coins Poised for a November 2024 Moonshot

Nov 06, 2024 at 06:56 pm

Predicting the next crypto to explode can be an easier task than you think. Through an understanding of meme coin communities and demand flows, paired with knowledge of macro and socio-cultural surrounding factors, finding the next token to 100x - as the likes of DOGE, SHIB, BONK, WIF, and many others have in the past - becomes a whole lot simpler.

The Next Crypto to Explode? 3 Meme Coins Poised for a November 2024 Moonshot

As we approach the final stretch of 2024, the crypto market is abuzz with anticipation for the next big pump. With meme coins continuing to dominate the landscape, several promising projects are poised for explosive growth. In this article, we'll highlight three candidates that embody the unique and thrilling spirit of meme coins: Dogecoin ($DOGE), SPX6900 (SPX), and 888 ($888).

1. Dogecoin ($DOGE): The Original Meme Coin Primed for a Comeback

a. At the time of writing, DOGE is trading at a price of $0.1568, with a market capitalization of $23 billion and a 24-hour trade volume of $2.3 billion. Such a price represents a 27,980.79% increase from its original launch price, showcasing the longevity and dedication cultivated over its 10+ year evolution.

b. Despite its humble beginnings as a joke currency, DOGE has consistently demonstrated its resilience and ability to capture the public's imagination through various means, which many predict will continue to prevail throughout 2025's meme coin explosion.

c. With the upcoming US Presidential election, Dogecoin stands to benefit from increased attention. Donald Trump's pro-crypto stance and mentions of Bitcoin in the past have correlated with surges in meme coin popularity. As the election results approach, DOGE could see a substantial boost in both trading volume and price.

d. As one of the top cryptocurrencies in terms of market capitalization (currently at $2.3 billion), DOGE benefits from high liquidity and widespread availability on major exchanges. This accessibility makes it an easy entry point for new investors drawn to the crypto market during election-related hype periods.

e. Elon Musk's continued support of DOGE remains a significant factor in its potential for explosive growth. Any tweets or mentions from the tech mogul could trigger rapid price movements at any time, adding another unique and exciting layer of engagement to the project.

2. SPX6900 (SPX): Flipping the Stock Market?

a. SPX6900 launched in August 2023 with the provocative goal of flipping the stock market through its valuation. Over this period, its market cap skyrocketed to over $860 million, with its impressive trajectory being capped-off by its all-time high of $0.989 on October 29th.

b. As expected, the token’s listing across several crypto exchanges helped boost its exposure and trading opportunities to millions of meme coin enthusiasts, making it an easy-to-acquire coin with a whole heap of pump potential.

c. At the time of writing, the token is trading at a price of $0.7088, with a market cap of $660 million and a 24-hour trade volume of $18.5 million.

d. Moving forwards, the token serves as one of the most successful projects to come from the second half of 2024, continuing-on the progress made by the likes of BONK and WIF made earlier in the year.

e. Much of this success has been realized through its simple and easy-to-adopt meme premise, which states that ‘6900 is bigger than 500,’ and that through this logic, the coin’s market cap will flip that of the stock market.

3. 888 ($888): The Most Bullish Meme Coin Launch of Q4 2024

a. 888 arrived on the Solana blockchain as a project that provides both the long and short-term pull factors of meme coins, respectively.

b. Poised to become a major player in crypto through its liquidity-fuelled launch, 888 emerges as a project that embodies all the essential elements for success. As you will learn, this is all achieved through the industry-unique launch it hosted, which provided the optimal landscape for investors to reap early profits whilst solidifying their place in this new mooning movement. In essence, here is where a long-term community of diamond handers is established.

c. At the heart of 888's appeal is the spiritual and cultural significance of the number 8. Across many societies, 8 is viewed as a symbol of good fortune and abundance - something ALL meme coin goers strive to acquire.

d. Therefore, the project's core belief is that by holding 888 tokens, investors will be granted these auspicious powers. This aligns with the project's "Prophecy Statement," which promises holders will "ascend to heaven" as 888 reaches its destined value of $888.

e. The simplicity of 888'

News source:techpoint.africa

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Other articles published on Nov 24, 2024