Despite the Memecoin category recording successful results in 2023, the top token started the year on a weak note, indicating a decline in investor interest in it. Meanwhile, in the last week of January, low-cap memecoins showed significant volatility on the chart.
The growing investment in low-cap memecoins highlights a shift in investor interest within the category for greater returns. In this article, we have covered the top 3 potential memecoins you can invest in with 100x potential returns in a short period of time.
WEN:
Due to the increased volatility of the Solana ecosystem and its connection to the Jupiter token, the WEN memecoin recently recorded a successful launch. WEN became instantly popular, donating more than $50 million daily to Jupiter.
WEN price recorded a huge rise between January 26th and January 29th, indicating a potential multibagger for the upcoming rally. Wen price started at $0.00000028, and within the next few days, the token reached a high of $0.0000058.
The current WEN price is trading at $0.0000005141 and the circulating supply is 420 billion. WEN token is considered a potential multibagger considering the current market sentiment.
Dog We Pot (WIF):
Dogwifhat works on the Solana blockchain and is inspired by the Dogwifhat meme. They are sub-categorized into dog-based memecoins such as DOGE, FLOKI, and Shiba Inu. WIF Coin has gained tremendous popularity over the past month, making it a potential choice on this list.
Solana-based memecoins have recently received a lot of attention from the cryptocurrency industry, with many tokens in the ecosystem adding tremendous value to portfolios. SOL price plays an important role and these tokens are greatly affected by price fluctuations.
Dogwifhat is currently trading at a price of $0.2868, a market cap of $286,481,050, and a circulating supply of 998,920,173 WIF. This memecoin is expected to exhibit similar price action to Bonk, making it a potential 100x token.
MEME Coin (MEME):
Memecoin price launched on Binance Launchpad and has received a lot of attention in the market since its launch. The MEME token was launched on October 28, 2023 at a price of $0.001. Memecoin rose 9,900% in the first few hours after launch, hitting a high of $0.1.
MEME’s current trading price is $0.02324, with a total supply of 69,000,000,000 MEME and a market cap of $240,817,211 at the time of writing. The trading volume of this token in the last 24 hours is $34,980,768, which indicates growing investor interest in this token and potential purchases in the coming cycle.
conclusion:
Overall, the Memecoin market has consistently shown mixed price behavior, recording significant value fluctuations. This suggests that investor interest in this category is currently mixed.
Additionally, this year is considered a critical year for the future of the cryptocurrency market, not just for MEMCOIN, but for the entire industry, as many major events are scheduled for this year that will collectively reshape the future of the traditional financial system.