Should You Sell Dogecoin For New Low Market Cap Meme Coins? 5 Next

Sam Cooling

Last updated:
February 13, 2024 at 19:33 GMT+2
| 4 min read




































As meme coin markets continue to mount a come-back, smart money investors are considering whether to sell Dogecoin for new low market cap DOGE alternatives – lets dig in and take a look at 5 of the most promising meme coins.

Shifting sentiment on Dogecoin leaves the leading meme coin as a victim of its own success, with its strong market position, whilst once an allure – DOGE now has an eye-watering market cap.







Dogecoin Alternatives: Discover 5 Promising Meme Coins That Could be The Next DOGE.


Indeed, at a whopping $11Bn market cap, major gains for Dogecoin will require an absolute flood of new capital, for example, to get a 2x on DOGE, the project would need an additional +$11Bn.

This highlights the benefit of low market cap meme coins, which could make much bigger moves with the same amount of fresh capital – lets explore some examples.

Dogecoin Alternative #5 – BONK Token.




The start of 2024 has seen a huge migration in meme coin activity away from the Ethereum network, as traders look to shield their trading from the expensive and volatile gas fee situation – which appears to be worsening amid the arrival of ERC-404 tokens.

Solana has received a majority of the fresh volume, and at present BONK token is actively dominating Solana meme coin markets with a jaw-dropping market cap of $755,300,625.

In order for BONK to reach 2x gains, BONK’s market cap must reach around $1.5Bn – an increase of around $745m.

Whilst this is still lofty target, $745m is certainly more attainable than Dogecoin’s $11Bn.

Dogecoin Alternative #4 – DogWifHat Token.




In testament to the breakout success of the Solana blockchain amongst meme coin traders stands DogWifHat (WIF) token.

Standing as the second-largest meme coin on Solana, behind BONK, WIF token has enjoyed unrivalled success over the past month.

Yet, despite the vote of confidence from the market – WIF continues to remain below $500k market cap, at a present $374,306,952.

In order for DogWifHat to reach 2x gains, WIF’s market cap must reach around $750k – an increase of around $375m.

Whilst this remains a large capital inflow, it is certainly more feasible than Dogecoin’s $11Bn.

Dogecoin Alternative #3 – MYRO Token.




In third place is the 3rd biggest Solana-based meme coin, MYRO, which has unlocked viral success by playing on the name of the Solana Founder’s pet dog.

Myro is already a well-established name in the meme coin vertical, having...

https://cryptonews.com/news/should-yo...

#crypto #bitcoin #ethereum #cryptocurrency #news #blockchain #litecoin #cryptonews #cryptonewstoday #cryptoworld #cryptoworlddaily #doge #dogenews #dogenewstoday #dogecoin #dogecoinnews #dogecoinnewstoday #memecoin #memecoinnews #crypto
***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST ENTERTAINMENT!
This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research.
bitcoin, blockchain, crypto, cryptocurrency, altcoin, investment, ethereum, bitcoin crash, xrp, cardano, ripple