Should you trade Dogecoin for new low market cap meme coins? Here are 5 upcoming picks.

Hodlers are increasingly turning their attention to meme coins with low market caps as alternative options to Dogecoin, which could potentially outperform DOGE - check it out here.

Sam Cooling Last updated: February 13, 2024 12:33 EST | 4 min read

Dogecoin Alternatives: Discover 5 Promising Meme Coins That Could be The Next DOGE

As meme coin markets continue to mount a come-back, smart money investors are considering whether to sell Dogecoin for new low market cap DOGE alternatives – let’s dig in and take a look at 5 of the most promising meme coins.

Shifting sentiment on Dogecoin leaves the leading meme coin as a victim of its own success, with its strong market position, while once an allure – DOGE now has an eye-watering market cap.

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Indeed, at a whopping $11Bn market cap, major gains for Dogecoin will require an absolute flood of new capital. For example, to get a 2x on DOGE, the project would need an additional +$11Bn.

This highlights the benefit of low market cap meme coins, which could make much bigger moves with the same amount of fresh capital – let’s explore some examples.

Dogecoin Alternative #5 – BONK Token

The start of 2024 has seen a huge migration in meme coin activity away from the Ethereum network, as traders look to shield their trading from the expensive and volatile gas fee situation – which appears to be worsening amid the arrival of ERC-404 tokens.

Solana has received a majority of the fresh volume, and at present BONK token is actively dominating Solana meme coin markets with a jaw-dropping market cap of $755,300,625.

In order for BONK to reach 2x gains, BONK’s market cap must reach around $1.5Bn – an increase of around $745m. While this is still a lofty target, $745m is certainly more attainable than Dogecoin’s $11Bn.

Dogecoin Alternative #4 – DogWifHat Token

In testament to the breakout success of the Solana blockchain amongst meme coin traders stands DogWifHat (WIF) token.

Standing as the second-largest meme coin on Solana, behind BONK, WIF token has enjoyed unrivaled success over the past month.

Yet, despite the vote of confidence from the market – WIF continues to remain below $500k market cap, at a present $374,306,952.

In order for DogWifHat to reach 2x gains, WIF’s market cap must reach around $750k – an increase of around $375m. While this remains a large capital inflow, it is certainly more feasible than Dogecoin’s $11Bn.

Dogecoin Alternative #3 – MYRO Token

In third place is the 3rd biggest Solana-based meme coin, MYRO, which has unlocked viral success by playing on the name of the Solana Founder’s pet dog.

Myro is already a well-established name in the meme coin vertical, having been around for a number of months. However, this hasn’t stopped new holders from accumulating the token.

New entrants have been bolstered by an alluring market cap, which currently stands at $62,614,760. This means that MYRO would need to grind up to a $120m market cap for holders to receive a 2x return – just 0.005% of the capital inflow needed by Dogecoin.

Dogecoin Alternative #2 – MEME Token

Launched to serve the needs of legendary meme-maker 9Gag’s so-called MemeLand platform, MEME token has all the trappings of a sensational coin – with solid backing, great market placement, and an exceptionally strong name.

MemeLand is 9Gag’s entry into Web3 and effectively operates as a platform for the creation and minting of memes as NFTs.

With a market cap of $253,207,857, MEME token holds a strong market position in the top 200 cryptocurrencies, and with an inflow need of just $250k for investors to receive a 2x return – MEME stands out as a strong contender.

Dogecoin Alternative #1 – SMOG Token

SMOG champions the slogan “No meme coin can survive the fiery flames of SMOG,” offering holders access to the elite ‘The Dragon’s Court’ crypto community.

This community aims to achieve unmatched virality in the meme coin domain – with the stated aim of dethroning the DOGE meme coin.

They do this by launching exciting, interactive, and continuous multi-airdrop campaigns to playfully engage users.

To participate, individuals must purchase and retain $SMOG, which allows them to earn airdrop points. Although the exact rewards and specifics of the airdrop campaigns are yet to be revealed, the sense of anticipation is growing.

Moreover, $SMOG holders can benefit from a community bounty produced by the campaign, further incentivizing the retention of their holdings.

SMOG Token Aims To Unlock Major Virality Through Airdrop Campaign Community – Huge 50% of Token Supply Designated to Marketing

The Smog project’s tokenomics highlight the team’s commitment to achieving viral success for their airdrop campaign.

Developers have earmarked a significant 50% of the supply for marketing, showcasing their ambitious plans. They have reserved a significant 35% of the supply for future airdrop rewards, highlighting the promise of attractive prizes.

Efforts to decrease the circulating supply position the SMOG token for a stronger start compared to previous Solana meme coin surges like BONK, which has seen an impressive +862% year-to-date (YTD) gain despite its pullbacks.

Discover The Dragon’s Lair: Exploring Smog Token’s Extensive Roadmap

The project’s future is outlined in a detailed roadmap, showcasing several exciting milestones.

Key highlights include the introduction of a staking feature, suggesting upcoming airdrop initiatives. Additionally, discussions of a potential burn mechanism and plans for multiple future airdrop launches are noteworthy.

Uniquely, the project also lists the milestone target of achieving 10,000+ so-called ‘Loyal Chosen’. Joining this exclusive and enigmatic group requires selection and a pledge to the SMOG realm via several community initiation rituals. This commitment comes with the promise of enhanced airdrop rewards.

How to Buy SMOG Token and Participate in SMOG Airdrop Campaign?

In order to participate in the SMOG airdrop, traders will need to use a Solana-compatible wallet such as Phantom.

Then using SOL, USDT, or BONK tokens, users can swap for Smog via the Jupiter DEX aggregator or Birdeye.

To improve your likelihood of selection for the Loyal Chosen and enhance your airdrop earnings, engage in completing the community task list on Zealy.

Join the Smog community on X (Twitter), Discord, and Telegram to stay tuned with the latest news and updates.

Explore the Lite Paper to find out more.

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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

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Q&A on Meme Coins and Investment Strategies

Q1: What are meme coins?

Meme coins are cryptocurrencies that gain popularity primarily through viral memes and community-driven enthusiasm. These coins often have unique names, mascots, or branding that captures the imagination of investors looking for the next big thing in the crypto space.

Example: Dogecoin, a meme coin inspired by the Doge meme, gained significant attention and value due to its community-driven nature and high-profile endorsements.

Q2: Why are low market cap meme coins attractive?

Low market cap meme coins have the potential for significant price movements with relatively small investments. Since these coins have a smaller market cap compared to established cryptocurrencies like Bitcoin or Ethereum, they can experience exponential growth with less capital influx. This makes them attractive to investors looking for high-risk, high-reward opportunities.

Q3: What should I consider when investing in meme coins?

When investing in meme coins, it’s crucial to conduct thorough research and due diligence. Look into the project’s team, technology, roadmap, and community engagement. Consider the coin’s use case, market demand, and potential for long-term growth. Additionally, be aware of the high volatility and speculative nature of meme coins, as they can experience rapid price fluctuations.

Q4: What are the risks of investing in meme coins?

Investing in meme coins carries several risks. These include the potential for scams or rug pulls, where unscrupulous developers deceive investors and disappear with their funds. Meme coins also tend to be highly volatile, meaning their prices can fluctuate wildly in short periods. Additionally, regulatory uncertainties and market sentiment shifts can impact meme coin investments.

Q5: What is the future outlook for meme coins?

The future outlook for meme coins remains uncertain. While some meme coins have gained significant popularity and investor attention, the market is highly speculative and prone to rapid changes. Regulatory scrutiny and potential market bubbles also pose risks to meme coin investments. It’s essential to approach meme coin investments with caution and diversify your portfolio accordingly.

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Reference Links:

• Hedera HBAR Shines with Record-Breaking 164 Million Daily Transactions, Market Cap Reaches $29 Billion
• BONK Token Dominating Solana Meme Coin Markets
• DogWifHat (WIF) Token Price Prediction: 500% Pump Shocks Market, Next Crypto Unicorn?
• MYRO Price Dips 15%: Is This New Meme Coin in the ‘Smog’ the Best Crypto Buy Now?
• Binance Labs Invests in Memeland’s Native Ecosystem Token Memecoin Meme
• Key Elements to Watch in Ethereum Network Roadmap

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