With the cryptocurrency market growing at a rapid pace since the monthly opening, the meme coin sector appears to have room for further upside.
Tokens like Dogecoin, Pepe, and Bonk have seen astronomical gains recently, which suggests other projects could see surges this month.
In this article, we identify the candidates most likely to make 10x in March. Consider availability, market trends, expert forecasts, pricing, and community.
Based on these criteria, the five best projects according to our analysis are Smog, Sponge, Frog Wif Hat, Myro, and Dogwifhat. Let’s look at each in more detail.
smog
Smog, a dragon-themed meme coin that dominates the Solana and Ethereum markets, invites traders to “enter the dragon’s lair” and participate in massive airdrops.
With 35% of the total supply allocated to the prize, Smog proved hugely popular among market participants, pumping more than 17% on the final day.
However, with a market capitalization of $53 million, there remains significant upside to catch up with multi-billion dollar leaders such as Dogecoin, Shiba Inu, Pepe, and Bonk.
As the leading multi-chain meme coin in cryptocurrency, Smog boasts a unique advantage over competing projects: broad reach across the industry’s most popular markets.
Smog’s remarkable success is not surprising. To qualify for the airdrop, community members are constantly completing quests outlined on the project’s Zealy page. This includes things like engaging and promoting the project’s social media channels.
This creates a win-win situation for community members. On the one hand, it increases your chances of winning the airdrop. On the other hand, they are helping to increase the star power of the project, attracting new members and driving up the price of Smog.
In another community-driven initiative, Smog has launched a staking mechanism with 42% APY. Not only does it provide a series of passive rewards, it also encourages long-term holding, eliminating the risk of price volatility.
Visit the Smog website
sponge
Sponge was born deep in the 2023 bear market and launched in May alongside Pepe. Demonstrating tremendous resilience, the project soared to a market capitalization of $100 million, and early investors received a 100x ROI.
It also has 13,000 holders, 30,000 social media followers, and is listed on more than 10 popular exchanges. But with the industry teetering on the edge of another bull market, the Sponge team has launched its most ambitious venture yet: Sponge V2.
With its migration to the Polygon network and new staking mechanics and Play-to-Earn games, Sponge V2 boasts huge advantages over the original version.
Considering the improving market conditions, it becomes clear why the token has risen 53% since its launch on February 9th.
With the launch of Polygon, Sponge V2 offered lower trading fees and faster execution times – an ideal setup for meme coin traders.
Meanwhile, the staking mechanism currently offers 729% APY. However, this decreases as more tokens are staked.
P2E gaming is another notable innovation that provides an external demand stream beyond the hype and speculation.
However, with the P2E game still in development, market participants are now faced with the opportunity to purchase Sponge V2 from the get-go.
Visit Sponge website
frog wearing a hat
A colorful spin on the Dogwifhat, the Frog Wif Hat is sprinkled with Parisian culture. The frog, who often wears a beret and is always carrying a baguette, can often be seen staggering around the streets of urbanized France, drunk or grumpy.
According to the website, Baguette is his “weapon of humiliation, ready to pummel any meme that stands as resistance to his $100 million market capitalization.”
Since its launch, Frog Wif Hat has made quite a splash in the meme coin community, establishing itself as a strong alternative to Dog Wif Hat.
In a recent YouTube video, analyst ClayBro speculated that Frog Wif Hat could deliver “massive profits” and suggested that the recent price drop was a “buying opportunity.”
Meanwhile, Jacob Bury predicted a “10x potential meme coin,” citing its currently discounted price as a reason it could explode.
The project has already been adopted by major cryptocurrency media outlets such as Watcher Guru, Techopedia, and Cointelegraph, supporting it for a bright future.
This interest, coupled with an optimistic market outlook, reflects Frog Wif Hat’s promising potential for March and the remainder of 2023.
Visit the Frog Wife Hat website
maze
Myro, launched in November 2023, became a sensation for Solana, soaring to a market capitalization of $230 million in January.
However, after a deep retracement, meme coin traders were given a second opportunity to take parabolic profits.
Myro is trading at $0.105, down 5.5% today, but up 68% this week and 11% this month. Its market cap is $99 million, giving it room to take over the top 5 meme coin spot by more than 10 times.
Myro is the 432nd largest cryptocurrency by market capitalization, but ranks 192nd with a 24-hour trading volume of $49 million. This discrepancy between trading volume and market capitalization shows increased investor interest and added upside potential.
Myro is a Solana-based meme coin. This means investors can benefit from low transaction fees and fast execution times. However, one of Myro’s main attractions is its remarkable commitment to ecosystem development and usability.
The project boasts a built-in trading bot and plans to introduce staking and additional utilities.
Another optimistic development is Xanders, a prominent Shiba Inu team member who supports the project to reach $1.
“I would really like to see memes pick up and rally around this practice. I am optimistic about Myro Frens. Another dog hitting a dollar,” he wrote.
Dog We Fat
Dogwifhat is the fifth largest meme coin by market capitalization. This presents a unique opportunity with significant upside potential while demonstrating resilience and strong community support.
WIF is currently up 16% in the last day, 210% this week, and 316% this month. It has a market capitalization of $952 million and a 24-hour trading volume of $240 million.
In fact, jumping from $1 billion to $10 billion in market capitalization in just one month would be a cumbersome task, but Dogwifhat claims it has a huge advantage over other meme coins.
As mentioned, it is currently the fifth largest meme coin. However, it is the largest meme coin that has not yet been listed on Binance or Coinbase.
Considering the growing interest in meme coins along with the massive success of Dogwifhat, it is not surprising that a listing on one of the major exchanges is imminent.
During the bear market, Pepe exploded with a market capitalization of $1.8 billion after listing on Binance. So, although challenging, you shouldn’t rule out a 10x pump for Dogwifhat. However, there is likely to be at least significant upside.
Another promising factor is that WIF is currently in price discovery mode and is surging into uncharted territory after exceeding the ATH on February 27th.
Price discovery often leads to explosive moves because no resistance levels exist.