8 months ago
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The rave around meme coins and their popularity has proven that they will be a driving force in the upcoming bull market. As such, it is important for investors looking to make money in the market to position in good meme coins before the bull run commences. So, here are the top 3 coins that have the potential for a 1,000% return in the bull market.
Myro (MYRO) Leads Undervalued Meme Coins
The Myro (MYRO) meme coin has been around for a number of months now and has yet to fade from the limelight. It comes as a second chance for investors who missed the run with DogWifHat (WIF), and has followed a similar pattern to WIF as well.
Just like WIF, Myro has been initially listed by Binance on its futures platform but not on its spot platform. Again, similar to WIF, Myro’s price had surged to a new all-time high following this listing before dropping back down. If it continues to follow this trend, then the meme coin’s price could see a rapid surge to $1 billion on its next leg up.
Myro is currently in the cycle that WIF was about a month ago before it rallied. From here, a rally to a $2.5 billion market cap would mean a 1,000% increase for the meme coin, which is a feasible target for Myro.
ArbDoge AI (AIDOGE)
ArbDoge AI (AIDOGE) is one of the leading meme coins on the Arbitrum network, but what sets it apart is the fact that it has lasted this long in the market. Currently, ArbDoge AI (AIDOGE) seems suppressed by the lack of action on the Arbitrum network. However, once adoption picks up on the network, it is expected to spill over to AIDOGE similar to what happened to Solana-based BONK.
AIDOGE is trading at less than half the market of Myro at $100 million, which gives it a lot of room to run. So far, AIDOGE is the only coin that has shown potential to be the first meme coin to cross the $1 billion market cap milestone on the Arbitrum network.
Bone ShibaSwap (BONE) Can Reach $2 Billion
Another meme coin that has the capacity for a 1,000% return is Bone ShibaSwap (BONE), which is part of the Shiba Inu ecosystem. One thing that sets the BONE coin apart from other meme coins is the fact that it is also a utility token.
The Ethereum Layer 2 network, Shibarium, developed by the Shiba Inu team, uses the BONE token as its fee token. This means that demand is created for BONE every time the Shibarium network is used as users need BONE to pay gas fees.
As the adoption of the Shibarium network continues to rise, so will the demand for the BONE token. This sort of demand is the driver for coins like Solana (SOL) and Avalanche (AVAX), and at only a $209 million market cap, BONE still has a long way to go, given its utility.
Featured image from The Coin Republic, chart from Tradingview.com
