Dog, frog, seal or sloth coins

Last updated: May 3, 2024 10:37 am EDT | 5 minute read

Source: mid-trip

Meme coins are set for a resurgence in the coming months. While their novelty premise has detractors dismissing them as flash-in-the-pan phenomena, many of them meme coin designs they have proven their value over the years and have become the closest thing to “safe money” in the notoriously volatile cryptocurrency industry.

The number one contender right now is the brave dad Dogemoneta. $DOGE is a cryptocurrency that claims to be both the first meme coin and the first dog coin.

Launched in 2013, Dogecoin creators Billy Markus and Jackson Palmer initially created it to satirize the minting frenzy. For the two nocoiners it was a cynical opening, but they didn’t bet that cryptocurrency fans would love it.

People saw it as a symbol of cryptocurrency’s fun and irreverence, as well as its viral appeal, and faithfully supported it for over a decade to help it become the ninth largest cryptocurrency with a market capitalization of nearly $20 billion . He also has the support of a wide range of celebrities, including Elon Musk, Snoop Dogg, Gene Simmons and Mark Cuban.

But the big question is this: Can Dogecoin go from a current price of $0.1317 all the way down to $1? The simplest answer is “not anytime soon”.

It also appears that the reign of dog coins is over. Several new species have entered the market with viral appeal. This list will look at the four biggest meme coin species of the moment to see which projects have what it takes to reach $1 in 2024.

Will Dogecoin Reach $1?

DOGE came close. Two years ago at the height of Bitcoin During the bull run, Dogecoin set an all-time high of $0.7316. However, there is reason to believe that this price was substantially too high on the market’s part. Since then, Dogecoin has lost a lot of value, while Bitcoin has set new all-time highs this year.

It would take another bull run or a new use case for Dogecoin to pump the asset up to a dollar. As for the former, many analysts say a bull run is on the way now that Bitcoin has completed its fourth four-year halving.

The halving was a pre-determined software update that occurred on April 20th and halved mining rewards. Since this has stalled the amount of Bitcoin coming to the open market, it is possible that a new bull run could occur in the coming months. Others argue that the price of the halving had already been set by this time.

And as far as the underlying technology goes, Dogecoin is quite old. Like Bitcoin, it uses a Proof-of-Work consensus mechanism, whereby miners with more computing and electrical resources mine more $DOGE. Due to the limitations of Dogecoin’s smart contract, it also cannot boast of having an ecosystem.

This means that, among conscientious investors, it is likely to take a backseat to more useful or energy-efficient coins like Shiba Inu (SHIB), Dogecoin20 ($DOGE20) e Dogeverse ($DOGEVERSE).

How about frogs and sloths?

Pepe Moneta ($PEPE) is the third largest meme coin in the world. Like Dogecoin, it is based on a meme that everyone, including their grandmothers, has heard of. However, its market capitalization of $3.4 billion still places it within single digits of the same level as Dogecoin and Shiba Inu.

At today’s price of $0.058114 and with a previous all-time high of $0.00001064, it is absolutely certain that PEPE is not on track to claim a dollar.

However, a project that could be sloth themed Slerf coin ($SLERF). Slerf has an interesting history. On launch day, a major incident resulted in the accidental burning of $10 million in $SLERF, intended for approximately 25,000 trusted pre-sale buyers.

Shortly after launch, Slerf reached an all-time high (ATH) market capitalization of $750 million wSealana ($SEAL), the all-American redneck seal, in just a few hours. As 24-hour trading volume increased by nearly $2.5 billion, the token actually reached an ATH price of $1.28 from an launch price of $1.10 before falling to its current level. However, at its current price, Slerf is more likely to reach a dollar than Dogecoin.

But it is currently facing stiff competition Slothana, a new sloth meme token that is about to launch. $SLOTH is the same genre as $SLERF with one key difference. He is a heavy smoker and is likely to become a hit among like-minded slow creatures.

Finally, there is Sealana, the $SEAL meme coin

If dogs, frogs and sloths aren’t your thing, Solana’s Sealana ($SEAL), the all-American red-necked seal, is quickly opening the purse strings in a hilarious new pre-sale.

Sealana is a reimagining of the viral South Park character Gamer Guy, aka Fat Computer Nerd.

Gamer Guy appeared in the hilarious World of Warcraft episode of the hit cartoon and instantly became a viral meme, recognizable by his milk bottle glasses, screen-locked gaze, messy room and gravity-defying girth .

It has since symbolized everyone from the legions of disgruntled keyboard warriors who write sharp, scathing opinions in internet comment sections, to a kind of Everyman – a symbol of the idler in all of us.

Sealana is Gamer Guy but Web3. Beached at his PC desk and growing bigger by the day, Sealana is so absorbed in degenerative dealings that he has abandoned his previously slim figure for a diet of chips and canned tuna. His obsession with finding the next big Solana meme coin keeps his fins busy and his room looks like it’s been hit by a bomb. A true patriot in search of the lost American dream!

Its pre-sale started just 48 hours ago and has already raised over $150,000 in investments, according to the website.

It is rumored that the Sealana team is also behind the popular Slerf ($SLERF) project. Rumors suggest that the team wants another successful launch, this time without accidentally burning $10 million in tokens.

For each SOL, investors receive 6,900 $SEAL tokens at the end of the ICO. This puts them in pole position to capitalize on some potentially explosive appreciation through pre-sales and beyond.

Users can pay using a widget on the website or by sending SOL from a decentralized wallet to this address: DJ15ZYXqUNMYJ3hL7z4ciSaSFAw5cbos3YjGpdvwmF6c.

Interested? Keep up to date with Sealana X account.

Buy Sealana on official website here.

Disclaimer: Cryptocurrencies are a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all your capital.

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