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After the incredible success of Shiba Inu, which became one of the hottest cryptocurrencies of 2021, investors and meme enthusiasts are eagerly searching for the next meme coin to explode.
With the potential for massive gains and the thrill of being early adopters of a viral crypto trend, it’s no wonder that everyone wants to find the next Shiba Inu.
In this article, we will explore some potential candidates and discuss their potential for explosive growth in the meme cryptocurrency space. So without further ado, let’s dive in.
Quick Summary: The Top 10 MemeCoins That Can Become The Next Shiba Inu
Pikamoon ($PIKA): A new meme and GameFi token, recently listed on MEXC, BITGET & Uniswap, and surged by over 680%.
Book of Meme ($BOME): Aims to immortalise meme culture on the blockchain, with a $600 million market cap.
Pepe Coin ($PEPE): A deflationary meme coin, rapidly gaining a community and pledging donations from transaction fees.
Bonk ($BONK): Increased trading volume and market cap, airdropped to Solana community members, focusing on reducing venture capital influence.
Dogwifhat ($WIF): Solana-based, capitalises on humour with no promised utility, trading around $2.22.
Floki Inu ($FLOKI): Inspired by Elon Musk’s dog, offers practical applications within its ecosystem, with a $2.4 billion market cap.
Baby DogeCoin ($BABY DOGE): A hyper-deflationary token, supporting a micro-transaction ecosystem and charity initiatives.
Slerf ($SLERF): Became a top Solana meme coin after a series of unusual events, with a market value above $600 million.
Coq Inu ($COQ): Leading meme coin on Avalanche, focuses on community engagement without a formal roadmap.
Wen ($WEN): Tied to the Jupiter exchange, saw price spikes after an airdrop, aiming to benefit the Solana community.
Hunt for the Next Shiba Inu: Next Meme Coin To Explode
As mentioned earlier, Shiba Inu saw significant gains during the 2021 crypto bull run. Created in August 2020, it reached an all-time high of $0.00008845 by October 2021. Between January 1st and October 28th, 2021, Shiba Inu surged by over 85,784,180%, making countless millionaires.
Below are 10 cryptocurrencies that could experience a similar, if not greater, price surge this time around.
Pikamoon ($PIKA)
Pikamoon is the newest meme and GameFi token in the crypto market, capturing the attention of investors and gamers alike.
It’s recent listing on three crypto exchanges – Bitget, Uniswap, and MEXC – catalysed a price pump to over 680%, marking it as the highest gainer on these platforms and stirring up a storm in the broader crypto community.
The original Corey from the film Project X came out in support, revealing that he’s a PIKA holder and plans on throwing the biggest web3 party, funded by the founders, once the project crosses $1 billion in market cap.
This surge in popularity has led many to believe PIKA is on the path to becoming the next Shiba Inu as the anticipation surrounding its launch on additional tier 1 exchanges could further enhance its liquidity and appeal.
The coin’s anticipated launch on more tier 1 crypto exchanges in the coming weeks positions it as an attractive investment. With a circulating market cap of around $30,000,000, PIKA’s valuation is still 30x lower than its rival GameFi tokens. Considering the Gamefi sector’s expected growth at a 27% CAGR, the potential for PIKA to become the next Axie Infinity is substantial.
Unlike SHIB, PIKA is not just another meme token. Its utility extends into gaming as the native token of the Pikamoon game. The Pikamoon Beta, available on Android and iOS, coupled with a burgeoning community of 10,000 active gamers, sets PIKA on a path for massive adoption once alpha is released.
The project has also witnessed exponential community growth, boasting 30,000 X followers and over 12,000 Telegram members in the past few weeks.
So, Pikamoon (PIKA) has all the ingredients for the next big memecoin to explode. Fill your bags while the price is still low.
Book of Meme ($BOME)
Book of Meme aims to be a cultural staple in the crypto world by immortalising meme culture on the blockchain.
With a market cap of over $600 million and a circulating supply of 55 billion BOME tokens, the Solana-based meme coin represents a significant community investment.
The project is ambitious, with plans to expand to Bitcoin inscriptions, potentially increasing its permanence and reach. Analysts have noted a surge in trading volume, suggesting a growing excitement around the coin.
On top of that, the price prediction models indicate a bullish trend, with targets set at $0.018, hinting at investor confidence in the coin’s future growth.
Pepe Coin ($PEPE)
On the third spot, we have PEPE. Pepe Coin has gained traction as a deflationary meme coin, with over 25,000 new token holders in just two weeks, signalling a strong community trust.
Inspired by the popular Pepe the Frog meme, this coin has quickly garnered a dedicated community of supporters.
What sets Pepe Coin apart is its commitment to giving back to the community. The project has pledged to donate a portion of its transaction fees to organisations and causes that align with the spirit of its meme origins. This not only adds a philanthropic angle to the coin but also creates a sense of purpose for investors.
The technical analysis shows a potential for reaching new all-time highs, with a current market cap nearing $3 billion. The coin’s momentum is supported by a high percentage of holders in profit, which could indicate a continued bullish trend.
Bonk ($BONK)
Bonk is another meme coin that has experienced a notable increase in trading volume and market cap this year, crossing 3 billion in market cap to claim a spot in the top 100 cryptocurrencies by market capitalization.
The coin was airdropped to the Solana community in late 2022 and since then its popularity has been on the rise.
Bonk aims to minimise venture capital influence on the Solana network, focusing on empowering everyday users. The token is now part of more than 130 products in gaming, betting, decentralised finance (DeFi), and NFT coin sectors. The Bonk community has also developed games where users can earn and spend BONK tokens, indicating its practical utility and integration across diverse digital platforms.
Price predictions for Bonk are optimistic, with an estimated price of $0.00007524 by the end of 2024. The coin’s integration with the Solana blockchain suggests the potential for significant traffic and participation within the ecosystem.
Dogwifhat ($WIF)
Dogwifhat is the breakout star among the Solana-based meme coins that started gaining traction in late 2023.
WIF embodies the characteristics of successful meme coins—lacking a roadmap or promised utility, its appeal lies in the humour of a simple yet memorable concept: a dog wearing a hat.
This image forms the core of its branding, tapping into the rich vein of internet humour and nodding to various obscure internet memes. The project seems to satirise the speculative frenzy often seen in cryptocurrency trading, embracing the playful and unpredictable nature of meme culture in the digital asset space.
WIF is currently trading around $2.22, which is notably higher than almost all meme coins, even Shiba Inu. The technical analysis presents a mix of neutral to sell signals, suggesting that investors should watch this coin closely for any sudden market movements.
Floki Inu ($FLOKI)
Floki Inu, inspired by Elon Musk’s dog and named after a character from the TV series “Vikings,” emerged amid the meme coin boom of 2021, featuring Viking-themed branding.
Unlike many of its contemporaries, Floki has remained relevant, boasting a $2.4 billion market cap and ranking 55th among cryptocurrencies.
FLOKI has quickly turned into more than a meme coin. Now it’s the utility token of the Floki Ecosystem, offering several practical applications.
These include an NFT gaming metaverse called Valhalla, a suite of DeFi products under “FlokiFi,” and an educational platform called the University of Floki. illustrating its efforts to blend thematic appeal with tangible utility.
With a market cap of over $2.24 billion, it’s a significant player in the meme crypto space. Floki’s vision Analysts predict a bullish breakout for Floki, possibly as the next Shiba Inu.
Baby DogeCoin ($BABY DOGE)
Doge was the breakout star of the last bull run, so it’s natural that other projects would try to emulate its success. One such project is Baby DogeCoin.
Baby DogeCoin, known as $BABYDOGE, is a hyper-deflationary token with a smart staking system designed to reward holders. It has a market cap of approximately $351 million, reflecting its popularity and investor interest.
The coin has a large supply of 420,000.00T tokens., supporting its micro-transaction ecosystem. Baby Doge also has an ambitious roadmap for the future, which includes, pet charity, NFT creation, and GameFi utilities.
Recently, Baby DogeCoin has experienced price fluctuations, with a slight decrease in the last 24 hours. However, its community-driven approach and charitable initiatives give it a unique position in the market, potentially leading to increased adoption and price surges similar to Shiba Inu.
Slerf ($SLERF)
SLERF, initially just another meme coin in the Solana ecosystem, has rapidly become the top attraction in the crypto market.
This surge in popularity followed a series of unusual events, including the founder’s loss of minting rights due to a mishap, the accidental destruction of liquidity provider (LP) and airdropped tokens, and a highly emotional apology on Twitter Space.
These incidents transformed SLERF into the leading meme coin on the Solana blockchain, with its market value soaring above $600 million.
Dubbed a “blue chip” among meme coins, SLERF achieved an extraordinary feat by surpassing the trading volume of Ethereum-based coins within just 24 hours of its launch. The SLERF development team is actively seeking to make amends to early investors affected by the initial setbacks, relying on donations and Solana exchange fees for compensation.
Despite a recent price drop, the coin’s active community and trading volume suggest that it could be gearing up for a significant movement in the market.
Coq Inu ($COQ)
Coq Inu, with the ticker $COQ, is another meme coin that has been gaining traction. It has a current price of $0.00000449 and a 24-hour trading volume of over $26 million. Coq Inu’s market cap stands at $308.99 million.
Introduced in December 2023 amid a renewed surge in meme coin interest, Coq Inu quickly became the leading meme coin on the Avalanche blockchain, boasting a market capitalization of around $111 million by January 2024.
Like many other meme coins, Coq Inu doesn’t claim to offer significant utility or intrinsic value through its token. The project operates without a formal team or an official roadmap, underscoring its commitment to the meme coin ethos rather than traditional crypto project structures.
Despite the lack of a structured plan, Coq Inu engaged its community by hosting a hackathon, rewarding winners with COQ tokens. This move indicates a creative approach to engagement, diverging from conventional utility-focused incentives.
The token’s total supply is 69.420 trillion, a humorous nod to popular internet culture. The project leverages humour centred around its rooster mascot and the playful entendre associated with its name, embodying the lighthearted spirit typical of successful meme coins.
The coin’s recent performance and growing popularity indicate that it could see substantial growth, making it a great candidate for the next meme coin explosion.
Wen ($WEN)
Wen, or $WEN, is a meme coin that embodies the concept of timing in the cryptocurrency market. It has a market cap of $232 million and has seen a significant price increase, with a 3.91% rise in the last 24 hours.
Wen is based on the Solana blockchain, tied to the Jupiter decentralised exchange. It aims to benefit the Solana community. The majority of Wen tokens were given out through an airdrop.
This airdrop targeted Jupiter exchange users, Saga smartphone buyers, and certain NFT holders. Out of 700 billion tokens for the airdrop, over 400 billion were claimed. The rest were destroyed.
After its launch, Wen’s price experienced significant swings. It saw a quick spike and then a sharp drop. However, in early March 2024, Wen’s value hit new all-time highs thanks to the recent meme coin rally.
The Anatomy of a Successful Memecoin
The meem coin market is ever-evolving, and within this digital financial space, meme coins have carved out a niche that combines humour, culture, and investment in a way that has never been seen before. To understand what makes a memecoin successful, let’s dissect the elements that contribute to their rise and longevity.
Case Studies of Past Successful Memecoins
Looking at past successes, we can draw valuable lessons from memecoins like Dogecoin and Shiba Inu. Dogecoin, the original memecoin, started as a joke but quickly gained a massive following due to its lighthearted approach and the appeal of the Shiba Inu dog meme. Shiba Inu, often dubbed the ‘Dogecoin killer,’ followed a similar path, leveraging the power of community and smart marketing to achieve viral status.
Quick Analysis of Common Traits
The next meme coin to blow up often share several key traits:
Viral Potential: A memecoin’s success is heavily dependent on its ability to go viral. This virality is usually driven by a combination of a relatable or humorous concept, an active online presence, and the ability to tap into the cultural zeitgeist.
Utility: While many memecoins start as nothing more than a joke, the ones that stand the test of time often develop some form of utility. This could be anything from being used for tipping online to becoming part of a larger ecosystem, as seen with coins like Dogecoin and Shiba Inu.
Tokenomics: The economic model behind a memecoin, known as tokenomics, is crucial. Factors like supply cap, transaction fees, and distribution play a significant role in a coin’s appeal, inflation/deflation, and sustainability.
Celebrity Endorsements: High-profile endorsements can catapult a memecoin to stardom. Tweets from celebrities like Elon Musk have historically led to significant price surges for coins like Dogecoin and Shiba Inu.
The Importance of a Strong and Active Community
The backbone of any successful memecoin is its community. A dedicated and engaged crypto community can drive demand, foster a sense of belonging, and create a robust support system for the coin. Online platforms like Reddit, Twitter, and Discord are often the breeding grounds for these communities, where memes are shared, strategies are discussed, and the coin is promoted through various campaigns.
Conclusion – What is the next Shiba Inu Coin?
There you have it – the meme coins with potential to be the next Shiba Inu. Most of these meme coins offer short-term excitement and potential high gains. However, one meme coin that stands out for its unique concept and long-term potential is Pikamoon (PIKA).
With its transparent approach, dedicated community, and a successful 680x launch, Pikamoon has the potential to disrupt the meme coin space in a meaningful way.
So, if you haven’t already, head over to Bitget, MEXC, or Uniswap to join the growing #PikaArmy. PIKA is still in its early days on the free market. Ape in now before the real pump takes place!
Next Big Meme Coin To Explode – FAQs
How can I safely store my meme coin investments?
Hardware wallets offer the highest security by storing your coins offline. Always keep your private keys secure and never share them with anyone.
How do meme coins differ from mainstream cryptocurrencies?
Meme coins typically originate from internet memes or jokes and may not have a clear use case or project behind them, contrasting with mainstream cryptocurrencies like Bitcoin or Ethereum, which have defined purposes and broader adoption. Meme coins often rely more on community support and viral trends for their value.
Can meme coins be considered a long-term investment?
While some meme coins like DOGE have shown substantial growth, their long-term viability is uncertain due to their reliance on social media trends and community enthusiasm. Long-term investments should be made cautiously, with considerations of the project’s long term utility and roadmap, if available.
Some dual-purpose meme coins like Pikamoon are unique because they serve two roles: they are both a fun meme coin and also the native token for the Pikamoon Game, a gaming project.
Are there any regulatory concerns regarding trading meme coins?
Yes, as with other cryptocurrencies, meme coins can be subject to regulatory scrutiny. Regulations vary by country and can affect how meme coins are traded, taxed, and used. You should stay informed about local laws and regulations when investing in or trading meme coins.
What drives the price of meme coins?
The price of meme coins is primarily driven by social media hype, celebrity endorsements, and community activities rather than fundamental analysis. Viral trends, tweets from influential figures, and community-driven projects can significantly impact their valuation in the short term.
How can I research meme coins before investing?
Researching meme coins involves checking their presence on social media platforms, understanding the community’s size and engagement, reading the coin’s whitepaper (if available), and staying updated with news related to the coin. Forums like Reddit, Twitter, and Telegram channels are crucial for getting insights and sentiment about the coin.
What is the impact of celebrity endorsements on meme coins?
Celebrity endorsements can have a significant impact on meme coins, often leading to immediate price surges. However, these effects can be short-lived, and investors should be cautious, as prices may quickly deflate once the initial excitement wanes.
How does the supply of meme coins affect their value?
The supply of meme coins, including total and circulating supply, can greatly influence their value. Meme coins with a large supply (like Shiba Inu) may see lower prices per unit, while those with a capped supply like Pikamoon (PIKA) might have higher valuations due to perceived scarcity. Tokenomics and mechanisms like burning can also affect the supply and, consequently, the price.
What are some common strategies for trading meme coins?
Common strategies include swing trading, where traders capitalise on price volatility, and holding for the long term in anticipation of a significant price increase. Due to their volatility, some traders also engage in day trading. Have a risk management strategy and to do thorough research before engaging in any trading.
How can meme coins impact the broader cryptocurrency market?
While often seen as speculative assets, meme coins can bring increased attention and new investors to the cryptocurrency market, potentially leading to increased liquidity for other cryptocurrencies. However, they can also introduce volatility and regulatory scrutiny, affecting market perception.
Are there any environmental concerns associated with meme coins?
Like other cryptocurrencies, the environmental impact of meme coins depends on the consensus mechanism used. Coins that rely on energy-intensive proof-of-work (PoW) mining can have a significant carbon footprint, whereas those using proof-of-stake (PoS) or other more energy-efficient mechanisms obviously have a lower environmental impact.
