Memecoins
High-Cap Meme Coins Dogecoin and Shiba Inu Saturated? Investors abandon Oracle Meme
Oracle Meme ($OMEME) is a new meme coin with AI superpowers.
Rather than limiting itself to the speculative allure of meme coins, Oracle Meme comes with a Meme AI Generator, a Meme Coin Generator, a Meme Layer-2 Network, a Meme Wallet, and a Meme Launchpad. With the token now launched as a pre-sale, FOMO around it is high, suggesting a pumping that will take place once it gets listed on exchanges. The community interest is similar to that of Shiba Inu and Pepe in their early days.
Are Dogecoin and Shiba Inu Saturated?
Dogecoin and Shiba Inu top the list of meme coins. They boast huge market capitalizations of $20 billion and $13 billion, respectively.
To the outside world, their size might seem shocking. But in the cryptocurrency market, meme coins are one of the most popular niches. For those who know how to handle them, they can be incredibly rewarding. And for those who don’t, there can be trouble.
Late investors in the Dogecoin and Shiba Inu party are now faced with a similar dilemma. While both DOGE and SHIB saw substantial growth earlier this year, they have fallen off the charts in recent weeks.
Shiba Inu Price Action, Source: CoinMarketCap
The bigger picture is even more disappointing.
Since October 28, 2021, Shiba Inu has seen a decline of 73.51% from its all-time high. For Dogecoin the figure is even worse, at 80.51%.
The long-term picture reveals that these meme coins have become saturated. Their high initial market capitalizations hinder their growth. New investors expecting similar explosive growth are bound to be disappointed.
While it is unrealistic to expect Dogecoin and Shiba Inu to deliver 6-figure ROI returns again, they will continue to provide attractive returns for strategic traders. After all, they rank first and second in the meme coin ranking for a reason.
But they are highly volatile and therefore subject to heavy losses for those who are unclear about entry and exit points.
Why Investors Are Abandoning Oracle Meme
Investors are adding more and more small-cap meme coins Oracle Meme to their wallets this month. With new themes and interesting narratives, these meme coins show great growth potential.
For example, Oracle Meme ($OMEME) combines AI elements and meme coins.
Conventional meme coins such as Dogecoin and Shiba Inu are mainly based on speculative trading. Oracle Meme, on the other hand, is building a solid foundation for its long-term demand and price action based on market-relevant utilities.
Here’s a glimpse of the Oracle Meme ecosystem:
- Meme AI Generator: Simplified meme creation with AI-generated suggestions, customizable options, and simple sharing features.
- Meme Coin Generator: Easily create custom meme coins without technical skills.
- Layer-2 Meme Network: A scalable and efficient network that facilitates fast, cost-effective transactions on Oracle Meme and its partner platforms.
- Meme Portfolio: A fun and secure wallet dedicated to meme coins.
- Launchpad meme: Smooth launches for new meme coins. The first investment opportunities in pre-sale launches will be available to $OMEME token holders.
More products will be launched in the future in line with evolving market trends. Democratizing meme coins for creators, investors and users
$OMEME tokenomics is meticulously designed for long-term price action and growth.
In the pre-sale phase, investors can stake their tokens and earn attractive rewards, laying the foundation for community involvement right from the start.
10 billion tokens, representing 20% of the total supply, are earmarked for staking rewards. It mitigates risks associated with pump-and-dump schemes commonly seen in the meme coin market.
40% of the 50 billion limited tokens are intended for the pre-sale phase. The money raised in the pre-sale will be used for project development, marketing initiatives and liquidity.
After the launch of the TGE and the exchange, $OMEME tokens will be used for a wide range of utilities, from staking to microtransactions, governance and tipping.
Through external integration, it can also be used in gaming and decentralized finance (DeFi). The vision is to diversify the utility of the token across different spheres, thus strengthening its price action.
To learn more about utilities and integration, see Oracle Meme White paper.
The $OMEME presale will launch on May 27, 2024
Pre-sale presents the early investment gateway for $OMEME.
The token began selling off at discounted prices in pre-sales, allowing investors to get an attractive entry point into the project.
With the token now active, the $OMEME community is experiencing steady growth, mirroring the trajectories of successful meme coins like Shiba Inu and Pepe.
The trend underlines the speculative potential of the project. Residual FOMO from the pre-sale phase can potentially push $OMEME up the price charts on its CEX and DEX launches.
The project’s AI integration, in particular, is an excellent catalyst for price pumps. But $OMEME is expected to reward long-term investors with exponential returns thanks to its utility base.