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5 Memecoins With 100x Return Potential

Sergio Gruber by Sergio Gruber
September 24, 2024
in Crypto, News
Reading Time: 3 mins read
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Este artículo también está disponible en español.

As the broader crypto market shows signs of notable recovery, memecoins are experiencing significant gains, reflecting investors’ renewed appetite for quick and substantial returns after a period of volatility and price declines.

Move From Bitcoin To Memecoins In Upcoming Crypto Bull Run?

Crypto analyst Ardizor has outlined five memecoins to watch, anticipating that these assets could yield substantial returns as what he describes as the “biggest bull run” in crypto is set to commence in October.

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According to Ardizor, Bitcoin (BTC) cycles typically begin 170 days after its Halving event and reach their peak approximately 310 days later. He suggests that starting in October, these memecoins and the broader market are positioned for significant gains that could surpass previous record highs. Ardizor emphasizes that new bull runs often begin with liquidity flowing to established cryptocurrencies like Bitcoin and Ethereum (ETH) before shifting toward memecoins, setting the stage for a potential resurgence in the sector.

Five Tokens Poised For Major Gains

Among the memecoins Ardizor highlights are Sundog (SUNDOG), which has rapidly gained traction within the Tron network. He notes that Sundog is rooted in community engagement, aiming to unite enthusiasts and create “an inclusive ecosystem that offers various benefits for its holders.” Currently trading at $0.31, up nearly 6% in the 24-hour time frame, and with a market cap of approximately $287.7 million, Sundog stands out as one of the most promising new entries in the memecoin landscape, according to the analyst.

Another notable mention is Simon’s Cat (CAT), which has emerged as the largest and most recognized meme coin on the Binance Smart Chain (BNB). Ardizor points to its consistent price increase, noting that Simon’s Cat is backed by the well-known Simon’s Cat brand, which has garnered over 1.6 billion views on its YouTube channel. The memecoin has a market cap of around $280.6 million and is trading at $0.000040, up a substantial 96% in the last month alone, proving the analyst’s theory of further price gains and investor interest in the token.

The analyst also discusses Cate on ETH (CATE), a memecoin that originated from the Dogeverse and was inspired by a tweet from the Own the Doge social media account. With strong ties to Dogecoin (DOGE), Ardizor believes that CATE embodies a “spirit of adventure and innovation”, making it an attractive option for investors looking for the next big thing in memecoins. It currently has a market cap of around $16.2 million.

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In addition, Neiro (NEIRO) is highlighted as a continuation of the Doge legacy. Associated with Kabosu, the dog behind the iconic Doge meme, Ardizor contended that Neiro captures the “true essence of memecoins and internet culture.” NEIRO currently has a market capitalization of $341 million, with a notable 52% increase in the last 24 hours, resulting in a trading price of $0.0012, and over 2,325% in the last thirty days alone, making it the best performing token on Ardizor’s list.

Finally, Ardizor introduces the Turbo token (TURBO), a project that began as a bold experiment in cryptocurrency creation. Inspired by artificial intelligence (AI), Turbo was initiated with a simple challenge to create the next great memecoin starting with just $69. Today, the analyst notes that it thrives as a decentralized, community-led initiative, boasting a market cap of $387 million. Currently, TURBO trades at $0.0062, recording impressive gains of 8,980% year-to-date (YTD).

The 1D chart shows TURBO’s price trending upwards. Source: TURBOUSDT on TradingView.com

blockdag 70m
Tags: BitcoinBTCcryptoCrypto newscryptocurrencyETHEthereummemecoinmemecoin frenzymemecoin newsMemecoinsTURBOTurbo coinTURBOUSDT
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Sergio Gruber

Sergio Gruber

Financial writer Hello, my name is Sergio Gruber and I am a finance editor with a specialization in blockchain and cryptocurrency. I have a deep understanding of how the financial world is being transformed by these exciting technologies.I received my degree in Finance Editing from Western Washington University, where I learned how to combine my passion for writing and financial analysis. Since then, I have worked with a number of high-profile publications, helping to educate and inform readers about the latest developments in the world of blockchain and cryptocurrency.

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