It’s been a challenging time for meme coin enthusiasts recently, as favorites like Dogecoin and Shiba Inu have been caught in a bearish tide.
Yet, amid this downturn, three new tokens have surfaced, ready to seize the opportunity presented by the wavering performance of DOGE and SHIB.
With their recent impressive performances, they show promising signs of maintaining this upward trajectory in the coming weeks.
Dogecoin & Shibu Inu Fall Victim to Bearish Momentum
Although Dogecoin and Shiba Inu remain the two largest meme coins globally, per CoinMarketCap, this hasn’t stopped their prices from sliding in recent weeks.
Dogecoin’s value has dipped 30% from its April peak, and Shiba Inu has seen a 27% decrease in the last month.
Meme coin lovers are favoring newer projects, given the success of coins like $PEPE and $WOJ. Although these newer projects may not have the same utility as the “top dogs” in the space, they more than make up for that with hype-fuelled price momentum.
However, it’s important to note that even these rising stars aren’t shielded from the bearish trend, with both $PEPE and $WOJ experiencing significant drops from their recent record highs.
Rising Meme Coin Copium Defies Trend & Surges 800%
However, it’s not all doom and gloom for meme coin investors.
A handful of exciting projects are defying the current trend, seizing the opportunities presented in the market, and bringing a glimmer of hope to the crypto landscape.
One of these projects is Copium ($COPIUM) – a brand-new meme coin that exploded by over 800% when listed on the Uniswap DEX yesterday.
Describing itself as a “movement driven by humor, fellowship, and the shared experience of navigating the unpredictable crypto landscape,” Copium makes good use of the “cope” meme as its theme and logo.
The project’s community, called the “Copium Club,” comprises various well-known crypto influencers – including FaZe Banks, DeeZe, and foobar. Crypto influencer Jacob Bury also suggests the token could potentially 1,000x.
These influencers were involved in the project’s presale phase and only had 10% of their token holdings unlocked at the time of listing – with the remaining 90% unlocked linearly in the next 21 days.
This inventive setup ensures these big hitters have “skin in the game,” eradicating the chance that price manipulation could occur.
Naturally, the fact that prominent names in the industry have invested in $COPIUM has caught the attention of retail traders around the globe. This has led to enormous growth in Copium’s socials – with the official Twitter account now soaring to over 16,600 followers.
Looking ahead, the future seems exceedingly bright for $COPIUM. Data from DEXTools.io highlights that numerous “crypto whales” have accumulated the token over the past day – with one affluent individual purchasing over $200,000 worth of $COPIUM.
As such, if Copium can continue this momentum, there’s a growing belief the token can outpace Dogecoin and Shiba Inu over the long term.
AiDoge Garners Investor Attention & Raises Over $9.7m, Traders Backing it to 100x
Another project that’s catching the eye of meme coin investors is AiDoge ($AI).
Unlike Copium, AiDoge is still in its presale phase – yet this hasn’t stopped the project from garnering colossal attention throughout the crypto community.
Although AiDoge’s presale only commenced in late April, it has now raised over $9.7 million. If the momentum continues, there’s a high likelihood that the AiDoge presale could hit its hard cap of $14.9 million soon.
The main reason for AiDoge’s remarkable early success is the project’s “meme generator” feature. As its name suggests, the meme generator allows users to easily create viral-worthy memes in seconds using artificial intelligence technology.
Users can customize and then upload these memes to social media sites like Twitter and Reddit – making it easy to capitalize on breaking news and trending topics.
Per AiDoge’s whitepaper, users can also upload their memes to the “public wall” in a bid to gain upvotes. The creators of the memes that are upvoted the most each month will be rewarded with $AI – AiDoge’s native ERC-20 token.
The combination of AiDoge’s presale success and innovative features has caught the attention of crypto trendsetters – with YouTuber Connor Kenny, who boasts over 158,000 subscribers, releasing a video highlighting his optimism regarding the project. Influencer Bleeves Crypto is even backing AiDoge to 100x.
As AiDoge continues to captivate the attention of meme coin investors, it’s evident that the project’s growth potential is undeniable – paving the way for an exciting future for early $AI investors.
Love Hate Inu Blasts Off After OKX & Huobi Listings
Last but not least, Love Hate Inu ($LHINU) is another new meme coin project that traders are backing to outperform its peers.
This pioneering vote-to-earn (V2E) crypto recently wrapped up a productive presale phase, in which the project raised a remarkable $10.2 million in funding.
Since the presale wrapped up, Love Hate Inu has already been listed on two leading crypto exchanges – OKX and Huobi.
Per CoinGecko, OKX and Huobi are the third and fifth-largest exchanges globally, bringing in over 20.8 million monthly visitors combined.
The fact that the $LHINU token has already been listed on these prestigious platforms has prompted huge attention from retail traders – causing the price to surge over 3,600% from its listing price of $0.00145.
Traders are now speculating that $LHINU could continue rising in the weeks ahead as developers put the finishing touches on the project’s eagerly anticipated voting mechanism. For example, the Cryptonews YouTube channel suggests the token could rise by 20x.
According to Love Hate Inu’s whitepaper, this mechanism allows users to vote on various polls, specifying whether they “Love” or “Hate” a topic. For doing so, users will be rewarded with additional $LHINU tokens – providing a more interactive alternative to earnings systems like staking and yield farming.
Love Hate Inu’s team has already tested the V2E mechanism through demo polls in the pre-launch phase, which saw tens of thousands of community members taking part.
Given its successful presale phase and subsequent CEX listings, the excitement is growing around Love Hate Inu – meaning it is certainly one to keep an eye on.
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