The meme coin market is witnessing substantial growth, and Baby Doge Coin and Popcat are two of the frontrunners.
As the joke token sector makes gains, which will be next to explode?
Baby Doge Coin and Popcat Make Gains Amid Exchange Listings
Both cryptos have notched tier-1 exchange listings this week, leading to explosive gains as the broader crypto market progresses.
The total crypto market cap is up 3.3% today, while the meme coin market cap has enjoyed a 6.7% rise.
Baby Doge Coin has been a top performer this week, rising by a staggering 148% thanks to a Binance spot listing on Monday.
Its momentum has continued since – it’s currently trading at $0.000000002341, up 5.5% today. Currently, BabyDoge has a $355 million market cap and a $79 million 24-hour trading volume.
Analyst Amin Azarmi notes that it has broken out of a pennant chart pattern, which indicates a bullish move could be on the horizon.
Popcat has been another top gainer this week. While it has yet to be listed on Binance, tier-1 exchange Kraken has just listed it for spot trading.
However, Popcat is the largest meme coin without a Binance listing, indicating it could be within the exchange’s crosshairs.
Currently, Popcat is trading at $0.9466, up 9% today and 42% this week. It has a $923 million market cap and a $146 million 24-hour trading volume.
CryptoDan anticipates an explosive near-50% rally toward a $1.4 billion market cap ahead.
He notes that Popcat continues to create “major impulses” and suggests the next one will be the most volatile yet.
3 Meme Coins That Could Pump Next
Evidently, analysts are confident that Baby Doge Coin and Popcat will make further gains. But what other tokens are primed to pump in the coming weeks?
Pepe Unchained
Notably, Binance’s recent listing spree has focused on community-led tokens, overlooking “cabal coins,” which are controlled by small but powerful networks of smart money players.
This is one reason Pepe Unchained might be listed. It’s running a community-funded presale to build the first Pepe-themed Ethereum layer 2 blockchain.
The presale offers a fair and transparent way for anyone to invest before the open market debut. It has raised $14 million so far, reflecting a huge investor appetite.
Pepe Unchained will be 100x faster than Ethereum and significantly cheaper. It also has features like a block explorer, a dedicated bridge, a DEX, and staking.
Developers can also launch their own meme coin-related tokens or applications on the network. The team recently announced it will issue grants to incentivize ecosystem developments.
The Pepe Unchained presale is ongoing and currently priced at $0.00981. However, this will rise throughout the campaign, with the next increase in one day.
Dogwifhat
Dogwifhat is another meme coin that could shake the market. This is because of anticipation that Coinbase may list it in the coming weeks.
As Binance adds more joke tokens, the pressure is on Coinbase to extend its own roster in order to not lose custom to its main rival.
Coinbase has yet to list Pepe, but some analysts think it may look to Dogwifhat first.
Notably, Dogwifhat has enjoyed significant strength today.
Of the top 100 cryptos by market cap, Dogwifhat is the best-performing meme coin with an 11% market share. This shows the market’s interest and could lead to more gains as the crypto rally progresses.
Currently, WIF is trading at $1.88 with a $1.8 billion market cap and a $471 million 24-hour trading volume.
PepeCoin
Most people know ‘Pepe coin’ as the first Pepe the Frog-themed meme coin, but what if another was created seven years before?
That is PepeCoin. It initially launched on an abstract blockchain in 2016, which is still in existence today. However, the team created an ERC-20 version of the token in May 2023 to bring the project to the masses.
Although its initial performance was underwhelming, investors are noticing that this is the ‘OG Pepe’, and the narrative is drawing tons of attention.
Another aspect of this project that sets it apart is its focus on utility. For instance, it offers an encrypted messaging service, a trading bot, and a layer 1 AI blockchain.
PepeCoin has gained pace recently. It’s currently trading at $3.28, up 12% today, 43% this week, and 53% this month. It has a $383 million market cap and a $6 million 24-hour trading volume.