Top 3 Meme Coins to Invest in Now with BONK Experiencing a 10 Surge
BONK has experienced a 10% growth in the last 24 hours, defying the lackluster performance of the overall market. This impressive increase can be attributed to the BONK team’s ability to adapt to current market conditions and their proposal for a significant token burn.
While popular meme coins like Pepe and Dogecoin are struggling, there are newer meme coins that still offer attractive buying opportunities despite the somewhat bearish market conditions. Let’s delve into the reasons behind Bonk’s surge and explore three other tokens that have the potential for similar growth.
BONK’s Price Surges as 84 Billion Token Burn is Proposed
In contrast to the declining values of DOGE and SHIB, BONK experienced a resurgence in price during the early morning hours. This was triggered by the BONK treasury’s announcement of plans to burn 84 billion tokens. As a result, the market capitalization swiftly grew to $1,640,663,484, and the price of BONK soared to $0.00002391.
This strategic move is part of the BONK team’s initiative to increase token scarcity and exert deflationary pressure on the token’s value. Token burns have proven to be an effective method for achieving this goal, as reducing the supply of available tokens almost always benefits holders.
$BONK
is on fire. Its price skyrocketed by 25% following the proposal to burn 84 billion tokens. This move has bolstered investor confidence and could potentially drive the price even higher.
https://t.co/SJzXH2YYK4
— The Crypto Times (@CryptoTimes_io)
July 9, 2024
The announcement of the token burn resulted in a staggering 169% growth in trading volume, indicating the success of BONK’s strategy. However, it is important to note that the proposal has not yet been approved, as the community is currently voting on it.
The BONK DAO has demonstrated its willingness to implement token burns in the past, with a remarkable burn of 278.39 trillion tokens. Based on this track record, it is highly likely that the current proposal to burn a more reasonable 84 billion tokens will be approved.
Overall, each token burn has been executed with impeccable timing, leading to price growth. If the proposal is approved, there is a strong possibility that BONK may surpass its all-time high of $0.00004704.
Currently, Bonk has experienced an 8% increase in the past 24 hours, although it is still down 9% on the monthly chart.
As major meme coins continue to exhibit daily volatility swings, many traders are turning their attention to new, lower-cap tokens that offer more stable upward growth potential.
3 Meme Coins That Could Experience a Surge
Now, let’s explore three meme coins that have the potential for upward growth in the coming days and weeks.
PlayDoge (PLAY)
Similar to BONK, PlayDoge leverages the inherent meme appeal of doges. However, it goes beyond being just a meme coin by offering Play-to-Earn (P2E) utility.
The project is developing a retro game reminiscent of Tamagotchi, where players can feed and play with their doge characters while earning $PLAY tokens through mini-games.
PlayDoge has already raised over $5.5 million in its initial coin offering (ICO), with tokens priced at $0.00517 each. The project’s success can be attributed to its impressive tokenomics, with 50% of the total 9.4 billion tokens reserved for the ICO, 12% allocated for staking, and 6.5% dedicated to community engagement and events.
With less than two days remaining in the presale, investors are eagerly seeking to participate in PlayDoge. Expert sentiment towards the coin is extremely bullish, with predictions of 10x or higher returns from sources like 99Bitcoins.
Visit PlayDoge Presale
Daddy Tate (DADDY)
With controversial figure Andrew Tate recently granted permission to travel across Europe, the affiliated coin Daddy Tate experienced a significant surge. Over the past week, its value has grown by 20.91% to reach $0.1498 per coin.
Tate has also publicly burned over $100 million worth of DADDY tokens in June, attracting even more attention to the coin. Positioned at the intersection of PolitFi coins like MAGA and BODEN and influencer-focused coins like MOTHER and JENNER, Daddy Tate has the potential to surpass its all-time high of $0.24.
With Tate’s knack for virality and the lifting of his travel ban, the far-right influencer aims to initiate a crypto revolution. While the exact details of his plans remain unknown, they are expected to be announced during Tate’s DADDY stakers event.
Given its ambitious utility plans and association with one of the most controversial figures in the world, DADDY is not a suitable investment for the risk-averse.
TURBO (TURBO)
TURBO is leading the way in incorporating artificial intelligence (AI) into the creation of meme coins. As a fully community-owned token, this frog-themed meme coin adopts a unique approach to governance. By utilizing an AI oracle and chatbot for guidance, TURBO combines community sentiment with AI analysis to make informed decisions.
Although the coin has experienced a 35% decrease in value over the past 30 days, it is currently undertaking numerous projects and initiatives. If the TURBO team executes their plans effectively, there is potential for the coin to surpass its recent all-time high of $0.00974418, starting from its current price of $0.003973.
Positioned at the intersection of the crypto meme coin hype and the AI rally in traditional finance, TURBO is one of the most volatile coins in the market. The coin boasts a strong community of 68,800 followers on Twitter who actively contribute to the creation and sharing of unique AI-generated memes and ideas.
