The meme coin sector has been the best-performing sector in 2024 so far, with the top six tokens seeing gains between 100-2300% year-to-date. However, with these top meme coins already attaining multi-billion-dollar market capitalizations, the potential for further explosive growth is somewhat limited. Investors looking for higher returns, in the range of 50-100x, are turning their attention to smaller, lesser-known meme coins. In April, three notable up-and-coming Base, Solana, and Ethereum meme coins are catching the eye of investors.
One of the meme coins to watch in April is BRETT on Base, a meme coin dominating the landscape on the Ethereum layer-2 scaling blockchain Base. Currently priced near $0.68, BRETT has seen gains of nearly 500x from its DEX launch price, with a market cap of around $680 million. With meme coin mania just starting on Base, BRETT has the potential to go even higher and could possibly match the market caps of Shiba Inu and Dogecoin. This makes BRETT one of the top Base meme coins to watch for potential 50x gains in April.
Another meme coin gaining attention is Slothana (SLOTH) on Solana, looking to follow in the footsteps of fellow Solana meme coin SLERF. After SLERF hit a market cap of close to $500 million in March, Slothana is attempting to rejuvenate interest through an airdrop presale. Investors can participate by sending SOL to a specific Solana wallet address and receive 10,000 SLOTH tokens for every SOL sent. With over $6.5 million raised so far, Slothana is generating hype on social media and attracting investor interest.
Dogecoin20 on Ethereum is a rework of the popular Dogecoin meme coin, launched in a presale with a staking option for investors to generate passive income. The meme coin has already raised over $10 million and is set to end the presale on doge day in 17 days. Priced at $0.00022, investors have the opportunity to buy into the token at a discounted valuation of under $30 million. With the potential for significant gains, investors are rushing to secure their tokens before the presale ends.
Investors should be aware that crypto is a high-risk asset class, and this article serves as informational rather than investment advice. There is a potential for loss of capital when investing in meme coins or any other crypto assets. The opportunities for high returns in meme coins are appealing to investors seeking significant growth, but caution and research are recommended before making investment decisions. As meme coin mania continues to drive the market, new meme coins are emerging as potential opportunities for investors looking to capitalize on the trend.
