The start of October has not been as bullish as some traders hoped, but meme coin enthusiasts are still on the lookout for the next coin to hit a $1 million market cap. The fear of a potential war between Israel and Iran may have delayed meme season, but if geopolitics doesn’t interfere, October could turn into a bullish month due to anticipated global monetary policy changes. Meme coin traders are eagerly searching for the next coin that might explode, and some low-cap coins are being touted as potential candidates for hitting a $1 million market cap.
One such coin is Tusk the Walrus (TUSK), which has been around since mid-August and briefly surpassed a $1.5 million market cap. Currently trading around $0.0000730, Tusk the Walrus has a market cap of around $730,000 per DEXScreener. With a growing community and rapid price growth in recent weeks, TUSK has the potential to become one of the first coins to experience a new meme season. Another coin to watch is Baby Moo Deng (BABYDENG), a Solana meme coin that recently pulled back after hitting a $5 million market cap. Marketed as the baby version of the successful Moo Deng coin, Baby Moo Deng could be a great buy on the dip as the next major meme coin season approaches.
Nova AI (NOVAI) is the native token of a Base chain-based AI trading bot that has surged 500% in the past 24 hours, reaching a market cap of $326,000. With its strong momentum, NOVAI could potentially push towards a $1 million market cap in the near future. However, as a newly launched token with limited followers, traders must exercise caution as many new tokens in the DEX markets are scams or pump-and-dumps. Crypto All-stars (STARS) is an exciting meme coin staking protocol that has already raised $1 million and is close to reaching $2 million in funds through its presale. STARS offers a platform where holders of major meme coins can stake their holdings for a healthy yield, attracting investors looking to capitalize on strong meme coin yields.
As with any investment in the crypto space, it’s important to remember that crypto is a high-risk asset class. This article provides informational purposes only and should not be considered investment advice. Investors should be aware of potential risks and only invest what they can afford to lose. The search for the next meme coin to hit a $1 million market cap continues as traders navigate the volatile crypto market looking for opportunities for gains. With the potential for a new meme season on the horizon, these low-cap coins offer the possibility of significant growth but also come with higher risks, highlighting the importance of conducting thorough research and exercising caution when investing in meme coins.
