As Bitcoin reaches new heights, the crypto market is at a fever pitch, and experts predict big gains for meme coins.
Bitcoin is now comfortably above $80K and rapidly closing on $90K, and Dogecoin is leading the way for meme coins with a 53% pump today.
Murad Predicts Meme Coins Will Outperform
Once a Bitcoin maximalist, crypto trader Murad Mahmudov is now highly bullish on meme coins and has earned a reputation for a sizeable position in SPX6900, worth more than $20 million.
With Bitcoin now trading over $80K, Murad is bracing for a wealth transfer in which liquidity spreads out.
The analyst suggests that this is “bullish for the entire crypto space” but expects it to be especially beneficial for the meme coin sector.
It wouldn’t be the first time meme coins outperformed other narratives in a bullish market. The same thing happened of in Q1 this year when Bitcoin made its last all-time high (ATH).
Murad specifically says that “top meme coins” will outperform.
It’s unclear whether he’s nodding to the top meme coins by market cap or his perceived top meme coins on the now-famous “Murad List.”
The Murad List is a collection of ten “cult coins” the infamous trader believes will perform best in this so-called meme coin supercycle.
Back when he finalized the list in September, these tokens were well outperforming the market.
However, right now, Dogecoin is leading the way, with a whopping 53% gain in the past 24 hours.
Bonk, Brett, and First Neiro On Ethereum are also among the top gainers today, pumping 33%, 28%, and 23%, respectively.
A glance on CoinMarketCap shows that Bitcoin’s rising tide is lifting all coins. Yet, the gains are disproportionally favoring certain projects.
What Other Meme Coins Might Pump as BTC Rallies?
The total meme coin market cap has surged 16% today, yet some tokens have increased a lot more.
Traders who can preemptively position in these outperformers will generate the biggest returns.
At this time, a lot of capital is rotating into presale tokens, which are available at a fixed rate. Once these list on the open market and supply and demand dynamics kick in, they can explode in price, especially given the bullish market conditions.
Pepe Unchained is currently dominating the presale front, raising over $27 million. It’s an Ethereum layer 2 blockchain designed for meme coins and meme coin-related dApps.
They’ve even unveiled “Pepe Pump Pad,” which is a two-click meme coin generator that lets users launch meme coins without coding.
The “Pepe Chain” will be 100x faster than Ethereum and much cheaper.
Top trader ClayBro hailed its success, spotlighting the massive media attention it has received recently.
Flockerz is another project offering an innovative alternative to traditional meme coins. It’s creating a Vote-to-Earn decentralized autonomous organization (DAO) that allows $FLOCK holders to shape the project’s future and get paid for it.
It’s making significant progress in its presale, having raised $1.5 million so far. But analysts are talking about big gains once it lists on exchanges. Jacob Bury even says it can 10x.
Flockerz offers real utility through its DAO, presenting an edge over most joke tokens. With that in mind, another utility-focused meme coin to consider is Crypto All-Stars.
They’re building a staking layer for the meme coin sector, letting users stake DOGE, SHIB, PEPE, FLOKI, MOG, and more for passive rewards. The presale has raised $3.4 million so far.
RJ from Cryptonews praised this novel use case in a recent YouTube video.
As meme coin season gathers pace, Crypto All-Stars offers a compelling way for traders to compound their gains. However, they must hold $STARS, and their rewards depend on how much they have. This could drive significant demand.
Today, the meme coin market has hit an ATH of $113 billion. As such, there’s tons of liquidity for these new meme coins to explode.